2023 is the first year to implement the spirit of the 20th CPC National Congress, and it is particularly important to do a good job in economic work. In recent years, geopolitical conflicts have intensified, the COVID-19 has been delayed and repeated, global food and energy security issues have become prominent, the supply chain of the industrial chain has suffered serious impacts, and the world is in a new period of turbulence and change. China's economic operation will inevitably be affected. We should not underestimate the harm of risk challenges, but also use a comprehensive, dialectical and long-term perspective to study and judge the situation. We should fully realize that the fundamentals of China's economic stability and improvement have not changed, and the long-term trend of improvement established in the decade of the new era will not change. We will take more practical measures to expand domestic demand. Three years after the outbreak of the epidemic, the global economic downturn has become a drag on China's exports, and some countries are still escalating their repression of China's technology enterprises. The slowdown of total retail sales of consumer goods, industrial added value and fixed asset investment was greater than expected. The market generally believes that the probability of the world economy falling into recession will increase in 2023, the European and American central banks will raise interest rates to fight inflation, the world industrial chain will be restructured, and the contribution margin of external demand to China's economic growth will decline. At the same time, insufficient aggregate demand has become a prominent contradiction in China's economic operation. Against this background, the Central Economic Work Conference proposed to focus on expanding domestic demand. We should give priority to restoring and expanding consumption. This clarifies the importance of implementing the strategy of expanding domestic demand to promote the virtuous circle of the national economy and lay a solid foundation for high-quality development. To restore and expand consumption, we should focus on the following aspects: First, we should increase the income of urban and rural residents through multiple channels, reverse the declining trend of people's purchasing power, and enhance their consumption capacity. The focus of policy support should turn to consumption oriented. On the basis of rescuing small and medium-sized enterprises and supporting infrastructure investment, local governments should be supported to increase the issuance of consumer bonds through transfer payments from the central government to local governments. The second is to improve consumption conditions, improve the convenience of residents' consumption, and provide effective supply that can stimulate residents' consumption demand in the short term, such as housing improvement consumption, new energy vehicle consumption, elderly care service consumption, etc. Third, implement the epidemic prevention and control measures in the new stage, innovate consumption scenarios, accelerate the expansion of facilities and equipment upgrading in the medical and health field, eliminate the worries of the masses, and boost consumption. Release the new momentum of the digital economy with a better business environment. The key to boosting market confidence is to protect the enthusiasm of SMEs and stimulate the vitality of market players. Data shows that in the first 11 months of this year, the added value of China's high-tech manufacturing industry above designated size increased by 8.0% year-on-year, 4.2 percentage points higher than the added value of industries above designated size, and the investment in high-tech manufacturing industry represented by electronics and medicine increased by 23.0% year-on-year, demonstrating the vitality and resilience of new economic drivers. Next year, the overall improvement of the economy will depend on effective improvement in quality and reasonable growth in quantity. At the middle of December 6