Economy

The Chinese economy is steadily advancing along the path of high-quality development

2025-03-04   

On the afternoon of March 3rd, the first press conference of the 2025 National People's Congress and Chinese People's Political Consultative Conference - the press conference of the Third Session of the 14th National Committee of the Chinese People's Political Consultative Conference - was held at the Great Hall of the People. Liu Jieyi, Deputy Secretary General and Spokesperson of the Third Session of the 14th National Committee of the Chinese People's Political Consultative Conference, introduced the relevant situation of the meeting and answered questions from reporters. Liu Jieyi introduced that the Third Session of the 14th National Committee of the Chinese People's Political Consultative Conference (hereinafter referred to as the "Conference") will open at 3 pm on March 4th at the Great Hall of the People and close on the morning of March 10th, with a duration of 6 days. The conference will summarize the work of the National Committee of the Chinese People's Political Consultative Conference over the past year and make arrangements for this year's work. Liu Jieyi answered questions from reporters at the press conference on topics such as China's economic situation, new quality productivity, deepening high-level opening up to the outside world, and the construction of the Guangdong Hong Kong Macao Greater Bay Area. The Chinese economy is steadily moving forward along the path of high-quality development When it comes to the development of the Chinese economy in 2024, Liu Jieyi introduced, "The Chinese economy is making steady progress and high-quality development is solidly promoted. The annual gross domestic product exceeded 134 trillion yuan, with a growth rate of 5%, ranking among the top in the world's major economies. New industries and new formats are emerging, intelligent manufacturing and intelligent products are changing rapidly. Green productivity is flourishing, and wind power, photovoltaics, and new energy vehicles are leading the world." Liu Jieyi said that the current internal and external environment is undergoing profound and complex changes, and the operation of the Chinese economy is facing some difficulties and challenges. Consumer demand is still insufficient, and some risks and hidden dangers in certain fields still need to be resolved. But it should be noted that the Chinese economy has a stable foundation, multiple advantages, strong resilience, and great potential, and the supporting conditions and basic trends for long-term improvement have not changed. We have significant institutional advantages; Having the advantage of a super large market and accelerating the release of new consumption potential; With the advantage of a complete industrial system, the scale of manufacturing has ranked first in the world for 15 consecutive years. The giant ship of the Chinese economy has always set sail in the midst of waves. As long as we face difficulties squarely, have firm confidence, and implement the decisions and arrangements of the Central Committee of the Communist Party of China, the high-quality development of the Chinese economy will surely continue to reach new heights Liu Jieyi stated. The concept of 'new quality productivity' was first included in the Government Work Report at the 2024 National People's Congress and was listed as one of the top ten work contents. Regarding the achievements made by China in cultivating and developing new quality productive forces in the past year, Liu Jieyi stated that in 2024, China will deepen the integration of scientific and technological innovation and industrial innovation, accelerate the construction of a modern industrial system, and achieve significant results in new quality productive forces. Economic development will move towards the "new" direction and achieve long-term goals with "quality". A series of technological achievements have been unveiled one after another, with each "black technology" shining brightly. Traditional industries are pursuing "intelligence" and "greenness", and intelligent equipment is rapidly becoming popular. Among the 189 "lighthouse factories" worldwide, China accounts for 79, of which nearly half come from traditional industries such as steel and food. Emerging industries are thriving, and the future industrial layout is gaining momentum. Humanoid robots perform yangko dance on the Spring Festival Gala, drones fly into the night sky to set off "cyber fireworks," and open-source artificial intelligence models spark global discussions. The added value of high-tech manufacturing industry above designated size increased by 8.9%, and the installed capacity of industrial robots accounted for more than half of the world's total. The development of new quality productivity is thriving. When talking about economic globalization, Liu Jieyi emphasized that it is an objective requirement for the development of social productive forces, an inevitable result of technological progress, and also an inevitable path for human society to advance and an irreversible trend of the times. China firmly stands on the right side of history, and the door to openness will only open wider and wider. In the past year, China has continued to play its role as the largest engine of global economic growth, accelerated the construction of a new system of a higher level open economy, continued to maintain its position as the world's largest trade country in goods and the second largest import market, and continued to make new progress in high-quality joint construction of the "the Belt and Road". International exhibitions such as the Expo have built a broad platform for promoting world economic cooperation. We are committed to promoting inclusive and inclusive economic globalization, advocating the spirit of "solidarity with the world" and "peaceful coexistence", actively participating in global economic governance, and demonstrating great national responsibility for global development. Liu Jieyi said: "In the future, China will continue to improve the high-level opening up system and mechanism, steadily expand the institutional opening up, deepen the reform of the foreign trade system, deepen the reform of foreign investment and foreign investment management system, optimize the layout of regional opening up, improve and promote the high-quality" the Belt and Road "mechanism, and implement a wider range, broader fields and deeper level of opening up." In addition, Liu Jieyi also introduced the new progress in the construction of the Guangdong Hong Kong Macao Greater Bay Area. He said, "In 2024, we solemnly celebrate the 25th anniversary of Macao's return to the motherland, and new progress has been made in the construction of the Hengqin Guangdong Macao Deep Cooperation Zone. Hong Kong's integration into the national development situation continues to deepen and become more solid. The high-quality development of the Guangdong Hong Kong Macao Greater Bay Area is constantly enriching the vivid practice of 'one country, two systems'

Edit:Yao jue Responsible editor:Xie Tunan

Source:Securities Daily

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