High frequency words in the local two sessions reveal a new atmosphere of high-quality development
2024-01-26
The two local meetings have been held intensively recently to set local economic growth targets for 2024 and deploy key tasks for the next stage. The reporter found that most places have set the expected economic growth target for 2024 between 5% and 6%, and regard tapping and unleashing domestic demand potential as the driving force for stable growth. Building a highland for technological innovation, creating new engines for development, expanding new types of consumption, and planning major projects have become high-frequency words in the local two sessions, demonstrating a new atmosphere of promoting high-quality development. With the convening of the local People's Congress and the Chinese People's Political Consultative Conference, various regions have released their expected economic growth targets for 2024. The reporter found that, except for Hainan and Xizang, the growth target is about 8%, most places expect the target to be between 5% and 6%. Specifically, Guangdong, Shanghai, Beijing, Jiangxi, Shanxi and other regions all account for around 5%; Shandong, Guangxi, and Jiangsu are set at over 5%; Hebei, Zhejiang, Fujian, Liaoning and other regions account for around 5.5%; Chongqing, Gansu, Sichuan, Ningxia, Anhui and other regions account for about 6%. Compared with the expected growth rate in 2023, the economic growth rate in various regions has been set to rise and fall in 2024. Among them, Beijing, Jiangsu and other places have increased their prices, while Hebei, Guangxi and other places have decreased their prices. Sichuan, Shandong and other places are on par with 2023. "The expected growth targets for various regions are set based on factors such as local economic development potential, changes in growth momentum, and medium - to long-term development goals. According to the published information, the expected growth targets for 2024 in various regions are relatively close to the actual GDP growth level of the previous year, generally at a medium to high speed growth level between 5% and 6%. This indicates that the economic operation will maintain strong stability and continuity." said Wang Qing, Chief Macro Analyst at Oriental Jincheng. Wang Qing stated that provinces with relatively low levels of economic development have higher expected growth targets. These regions have certain latecomer advantages in economic development potential and can set higher expected growth targets. Actively building an innovation highland: Sichuan proposes to "build an innovation highland in the western region", Zhejiang proposes to "strengthen the construction of high-energy science and technology innovation platforms", and Guangdong proposes to "build an industrial science and technology innovation center with global influence"... Looking at government work reports from various regions, "scientific and technological innovation" has become a key keyword in the 2024 economic competition. On the one hand, scientific research projects have been strengthened and a list of research and development projects has been compiled in multiple regions. Sichuan proposed to implement a ten-year action plan for basic research; Shanxi proposed to establish 2 to 3 provincial-level basic discipline research centers and cultivation bases, and implement 20 major scientific and technological research projects and over 100 key research and development plan projects; Jiangsu proposed to deploy 40 major technological breakthroughs and 80 cutting-edge technology research and development projects around new fields and tracks. On the other hand, many regions have also proposed important measures for the key link of technology achievement transformation. Guangdong proposed to promote the construction of the National Technology Innovation Center in the Greater Bay Area and lay out a number of concept validation centers and pilot platforms; Sichuan proposes to promote the high-quality operation of the National Advanced Technology Achievement Western Transformation Center. Liu Xiangdong, Deputy Director of the Macroeconomic Research Department of the China Center for International Economic Exchange, stated that various regions have made efforts to integrate and optimize the allocation of scientific and technological resources, and accelerate the promotion of related policies
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Economic Information Daily
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