Next year's economic work will be complicated. We need to start from the strategic overall situation, focus on the main contradictions, start from improving social and psychological expectations, boost development confidence, and grasp major key links to do a good job. （1） It is a prominent contradiction in the current economic operation to strive to expand the domestic demand and the insufficient total demand. We must vigorously implement the strategy of expanding domestic demand and take more effective measures to achieve a virtuous circle of social reproduction. China has effectively responded to the impact of the Asian financial crisis in 1998, the international financial crisis in 2008, and the COVID-19 since 2020 by expanding domestic demand, and has accumulated successful experience. We should optimize policies and measures, and give full play to the basic role of consumption and the key role of investment. First, give priority to the recovery and expansion of consumption. China's new industrialization, informatization, urbanization and agricultural modernization have been further advanced, and consumption has increasingly become a fundamental force driving economic growth. We should enhance consumption capacity, improve consumption conditions, innovate consumption scenarios, and fully release consumption potential. Consumption is a function of income. It is necessary to increase the income of urban and rural residents through multiple channels, especially to improve the consumption capacity of low - and middle-income residents with high consumption propensity but greatly affected by the epidemic. We should reasonably increase consumer credit and support consumption of housing improvement, new energy vehicles, elderly care services, education, medical care, culture and sports services. The second is to effectively drive the investment of the whole society through government investment and policy incentives. At present, the expectation of private investment is weak, and government investment must play a leading role, which is a powerful tool to deal with the cyclical fluctuations of the economy. Government investment should be strengthened in laying the foundation, benefiting the long term, complementing the weak points and adjusting the structure, accelerating the implementation of the "Fourteenth Five-Year Plan" major projects, strengthening the infrastructure construction of transportation, energy, water conservancy, agriculture, information and other areas, and strengthening the infrastructure connectivity between regions. We should support urban agglomerations and metropolitan areas in building a modern infrastructure system, and implement urban renewal and rural construction actions. We should increase investment in science and technology and industry, and advance the development of major science and technology infrastructure and key core technology research and development capabilities. Policy-based finance should play the role of counter-cyclical regulation, increase the financing support for major projects in line with the national development plan and industrial policy guidance, and take into account economic and social benefits. We should relax market access for private investment, encourage and attract more private capital to participate in the construction of major national projects and complementary projects. We should strengthen the project reserve and preliminary work, and strengthen the factor guarantee. We should continue to play the supporting role of exports in the economy. We should stabilize exports to developed countries, expand exports to emerging economies, improve the level of processing trade, increase the added value of exports, expand service trade, develop digital trade, consolidate and expand the export advantages of new industries such as new energy vehicles, actively expand the import of advanced technologies, important equipment, energy resources and other products, give full play to the role of the China-EU train, and accelerate the construction of a trade power. （2） To accelerate the construction of a modern industrial system, we should improve our internal skills and take a firm foothold. China has the world's most complete industrial system and the largest potential domestic demand market. It is necessary to effectively improve the toughness and safety level of the industrial chain supply chain, and pay close attention to making up for weaknesses and forging strengths. First, ensure the smooth circulation of the national economy. China's economy must ensure national security and basic livelihood
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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