In 2024, the Chinese economy is doing this—— Multiple department heads explain the direction of economic policies in detail

2024-02-02

Faced with complex external environment and domestic transformation pressure, how can the Chinese economy further consolidate and rebound towards a good foundation? How to moderately increase the strength, quality, and efficiency of proactive fiscal policies in 2024? How to enhance industrial technological innovation capabilities and accelerate the cultivation of new drivers of foreign trade? How to maintain food security and fill Chinese rice bowls with Chinese food? For some time, five reports on the economic situation of "comprehensively promoting Chinese path to modernization" have been held in Beijing. Leaders from the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Commerce, and the Ministry of Agriculture and Rural Affairs each gave special reports, responding to hot topics and providing detailed explanations on the direction of economic policies in 2024. Continuously promoting the effective improvement of quality and reasonable growth of quantity in the economy, China's economic recovery is still in a critical stage, and the basic trend of long-term improvement has not changed. However, some difficulties and challenges still need to be overcome. Consolidating and enhancing the upward trend of recovery cannot be achieved without effective policy coordination and continued efforts. Zheng Zhajie, Director of the National Development and Reform Commission, said that in 2024, we should focus on the central work of economic construction and the primary task of high-quality development, and promote the continuous implementation and effectiveness of various macroeconomic policies. Stabilize the fundamentals. Strengthen the coordination and cooperation of fiscal, monetary, employment, industrial, regional, technological, and environmental policies, and incorporate non economic policies into the consistency assessment of macroeconomic policy orientation, ensuring that they work together in the same direction and form a joint force. Promote the synchronization between resident income growth and economic growth, and cultivate more new consumption formats and hotspots. We will do a good job in implementing the project of issuing additional treasury bond and accelerate the construction of affordable housing. Cultivate new driving forces. Vigorously promote high-level technological self-reliance and self-improvement, further accelerate the research and application promotion of cutting-edge technologies such as new energy, artificial intelligence, and biological manufacturing, and strengthen the national strategic scientific and technological strength. Stimulate new vitality. We will continue to deepen reforms in key areas, implement actions to deepen and enhance the reform of state-owned enterprises, implement the opinions on promoting the development and growth of the private economy, strengthen institutional construction and supervision in areas such as property rights protection, fair competition, and social credit, and accelerate the construction of a unified national market. At the same time, we will promote high-level opening up to the outside world, continue to increase efforts to attract and utilize foreign investment, deepen urban-rural integration and regional coordinated development, continuously improve development coordination and balance, highlight employment priority orientation, and secure the bottom line of people's livelihood. Zheng Zhajie said that by increasing macroeconomic regulation and continuously promoting the effective improvement of quality and reasonable growth of quantity in the economy, we have confidence, ability, conditions, and confidence to continuously promote the continuous improvement of the economic structure, the continuous enhancement of growth momentum, and the continuous improvement of the development trend. Enhancing technological innovation capabilities and promoting the construction of a modern industrial system. Industry is the mainstay and growth engine of the national economy. To give full play to the role of industrial "ballast stones", efforts should be made to improve the quality of industrial development and build a modern industrial system with advanced manufacturing as the backbone. Among them, enhancing technological innovation capabilities is crucial. Minister of Industry and Information Technology Jin Zhuanglong said that in 2024, while fully promoting stable growth of the industrial economy, emphasis should be placed on promoting industrial innovation through technological innovation. For example, we will comprehensively implement the high-quality development action of key manufacturing industry chains, and deepen the promotion of industrial foundation reconstruction projects and major technological equipment research and development projects

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:XinhuaNet

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