Next year's economic work, we need to understand these key points of development
2023-12-18
The recently held Central Economic Work Conference made comprehensive arrangements for next year's economic work. Experts here believe that the favorable conditions for China's development are stronger than the unfavorable factors, and the basic trend of economic recovery and long-term improvement has not changed. Next year's economic work will focus on several key areas of development, such as forming a synergy of policy measures, leveraging the leading force of scientific and technological innovation, and stimulating new vitality in reform and opening up, to fully implement the central government's deployment. The Central Economic Work Conference, which forms the "joint force" of policy measures, proposed that "next year we should adhere to the principle of seeking progress while maintaining stability, promoting stability through progress, and implementing policies that are conducive to stabilizing expectations, growth, and employment", "an active fiscal policy should moderately increase strength, improve quality and efficiency", "a prudent monetary policy should be flexible, moderate, precise, and effective", and "we should enhance the consistency of macroeconomic policy orientation". Zhang Jun, Dean of the School of Economics at Fudan University, stated that the 12 words "seeking progress while maintaining stability, promoting stability through progress, and establishing before breaking" reflect the dialectical and logical relationship between "stability" and "progress", "establishment" and "breaking". Whether adjusting policies or promoting reforms, we must grasp the timing, timing, and effectiveness, and use development methods to solve problems in development. According to the spirit of the meeting, whether it is fiscal policy, monetary policy, or non economic policy, we must enhance "consistency of orientation" and ensure that we work together in the same direction and form a joint force. Zhang Jun believes that this meeting places greater emphasis on forming policy synergy in response to changes in the economic situation. Especially the inclusion of non economic policies in the evaluation of macroeconomic policy orientation consistency emphasizes the synergy and consistency of macroeconomic policies, which is conducive to stabilizing social expectations and enhancing development confidence. The Central Economic Work Conference on Leveraging the Leading Power of Technological Innovation has identified nine key tasks to be solidly accomplished in 2024, with the top priority being "leading the construction of a modern industrial system through technological innovation.". The scale of the new generation information technology in Beijing Zhongguancun, Wuhan Donghu Optoelectronics, and Shanghai Zhangjiang Integrated Circuit Industry account for 17%, 50%, and 35% of the national total, respectively. A number of leading original achievements such as intelligent robots and satellite navigation are accelerating industrialization, and a number of major national scientific and technological infrastructure have been built and opened up. Building a modern industrial system and promoting high-quality development, scientific and technological innovation is the necessary path and key to solving problems. Wen Bin, Chief Economist of Minsheng Bank, stated that the Central Economic Work Conference proposed to promote industrial innovation through technological innovation, which pointed out the development path for the growth and growth of new productive forces such as strategic emerging industries and future industries. The phrase "encouraging the development of entrepreneurial investment and equity investment" is eye-catching, which is conducive to bringing financial vitality to innovation and entrepreneurship, and nurturing them from "small seedlings" to "big trees". The Central Economic Work Conference proposed to explore the driving force for expanding domestic demand and focus on expanding domestic demand. To stimulate potential consumption, expand effective investment, and form a virtuous cycle of mutual promotion between consumption and investment. In recent years, new types of consumption such as digital consumption and green consumption have been flourishing in China, and new consumption growth points such as cultural and entertainment tourism and domestic "trendy goods" have been booming. Efforts have been made to build new infrastructure such as 5G networks and artificial intelligence computing centers. the state council
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：XinhuaNet
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