Opinion

The Sixth Plenary Meeting of the Eighth Central Committee of the Workers’ Party of Korea set the task of mainly completing the plan for readjustment and reinforcement decided by the Eighth Congress of the Party this year.

All sectors and units of the national economy are pushing ahead with the readjustment and reinforcement of production foundations, bearing in mind that a sure guarantee for implementing the five-year plan for national economic development lies in mainly completing the plan for readjustment and reinforcement decided by the Party Congress this year .

The economic policy of the WPK at present is to develop the national economy as a whole.

The Party’s economic policy of putting all the economic sectors on the world level by developing them all together, achieving the independent and sustainable development of the economy and realizing the overall rejuvenation of socialism cannot be implemented apart from the readjustment and reinforcement of the overall national economy.

The best way to put the country's economy on a normal track and the stage of revitalization in the face of all obstacles and difficulties that hinder the progress of the country is to implement the strategy for readjustment and reinforcement. Herein lies a shortcut to ensuring the sustainable and stable development of the self-supporting economy, irrespective of whether the objective environment is favourable or unfavourable.

Only when the economic work system and order are properly rearranged, organic ties between sectors restored and readjusted, production processes further perfected and modernized and domestic production of equipment and raw and other materials is realized can substantial changes and practical progress be made in economic construction and the improvement of the people's living standards in the period of the new five-year plan for national economic development.

To readjust and reinforce the overall national economy is a strategic undertaking to be carried out at a certain stage.

All sectors and units of the national economy have perseveringly pushed readjustment and reinforcement to consolidate the material and technical foundations for the sustainable and stable development of the economy while overcoming manifold trials and difficulties for the past two years since the Eighth Congress of the Party.

In the first half of this year, in particular, different economic sectors accumulated new potentials to readjust, consolidate and develop the overall economy despite the harsh and severe circumstances.

A series of progress made in those days has become a precious asset for the advance of the national economy.

To mainly complete the plan for readjustment and reinforcement decided by the Party Congress within this year is related to the characteristics of the work to create new production capacities.

The new five-year strategic goals for national economic development were set with it as a prerequisite to expand the production capacities of all sectors and units of the national economy.

To increase their production capacities, all sectors and units have to undertake relevant construction projects and install production equipment.

However, even if the tasks are carried out, it does not mean production is immediately carried on at the design capacity. It requires technological refinement and the rationalization of processes, namely time.

Only then, can the strategic goals be successfully attained during the five-year plan.

As they are well aware of the purpose and significance of the plan for readjustment and reinforcement decided by the Party Congress, different economic sectors have arranged and commanded work in a more meticulous way by fully relying on talents and science and technology after analyzing in depth the experience and lessons gained in the first half of this year.