How to view the economic trend this year? What are the new characteristics of fiscal policy in 2024? What measures will be taken to promote consumption in the new year? How can monetary policy support economic recovery and improvement? What are the considerations for the next step of regulatory work in the capital market... In the past 2 and a half hours, 5 ministers answered questions from 17 journalists candidly. On the afternoon of the 6th, the economic themed press conference of the Second Session of the 14th National People's Congress was held at the Medea Center in Beijing. Five department heads from the National Development and Reform Commission, Ministry of Finance, Ministry of Commerce, People's Bank of China, and China Securities Regulatory Commission responded to hot economic topics and provided detailed explanations on the future direction of policies. The government work report, which was submitted for review on the 5th, sets the expected economic growth target for this year at around 5%, based on both the shape and the momentum. How is the economic trend this year? What is the support for achieving this goal? Zheng Zhajie, Director of the National Development and Reform Commission, said that this was proposed by the Central Committee of the Communist Party of China and the State Council on the basis of comprehensive balance, balancing current and long-term needs and possibilities, and has been scientifically proven. This goal is in line with the annual requirements of the 14th Five Year Plan and basically matches the potential for economic growth. It is a goal that can be achieved with positive progress and hard work. When it comes to the economic situation this year, Zheng Zhajie emphasized that we should look at both the form and the momentum. From the perspective of "form", the main expected goals of China's economic development in 2023 have been successfully achieved, with prominent characteristics of "stability", "progress", and "good". "Stability" refers to the overall indicators of economic growth, employment, and international balance of payments, indicating that the economic recovery and recovery have achieved new results; "Entering" refers to the new progress in economic restructuring, as seen from structural indicators such as investment in high-tech manufacturing and high-tech service industries; "Good" refers to a new improvement in the quality of economic development from the perspective of quality indicators such as technological innovation, new driving forces, and ecological environment. From the perspective of momentum, the favorable conditions for China's economic development are stronger than the unfavorable factors. From both the short and long cycles of economic development, there is strong support. Specifically, the development foundation is more solid, and the economic resilience and resilience to shocks continue to increase; Continue to strengthen macroeconomic policies to provide strong policy supply for stable economic development; Since the beginning of this year, positive factors such as rapid growth in leading indicators such as physical quantity have been continuously accumulating. Zheng Zhajie used "improving quality" and "expanding quantity" to summarize how to expand effective investment this year, including leveraging the amplification effect of government investment, encouraging and supporting the expansion of private investment, increasing support for addressing weaknesses, strengthening areas, and cultivating new driving forces. The National Development and Reform Commission is working with relevant parties to formulate specific action plans for the ultra long term special treasury bond to be issued this year. There is still significant room for improvement in promoting urbanization, which will further stimulate the potential for economic growth. Zheng Zhajie said that this year, the National Development and Reform Commission will make efforts to accelerate the urbanization of agricultural transfer population and coordinate the promotion of new industrialization and urbanization. Despite facing some difficulties and challenges, Zheng Zhajie stated that the problems in progress can be solved through development. We have confidence, ability, conditions, and confidence
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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