The conclusion of this year's first-class economic work conference has clearly determined the focus of the country's economic work next year. These priorities are closely related to everyone, including the new adjustment of the national economic situation by the top management, the lack of strong stimulus, changes in the real estate development pattern, non-economic policies included in the macro-control assessment, development opportunities in key industries, and next year's work priorities. The establishment of these key targets will provide an important reference for next year's economic planning.
This year's meeting said that the problem of supply shocks is gradually weakening, but the problems of shrinking demand and weakening expectations remain. The contraction of demand, which includes both domestic and external demand, will become the top priority of economic work next year. The trend of consumption downgrading and external market adjustment has had an impact on domestic demand. Weaker expectations are related to the inability to recover demand. To this end, the focus of next year's economic work will be to promote demand and stabilize expectations.
Historically, investment, consumption and exports have been seen as the troika driving economic growth, but the role of investment, in particular, may need to be reassessed in light of demographic changes and declining consumer demand. The meeting put forward the principles of "counter-cyclical adjustment" and "cross-cyclical adjustment", that is, to adopt counter-cyclical stimulus policies when the economy is in a downturn, moderately reduce the intensity of stimulus between cycles, and not to carry out strong stimulus policies.
The meeting pointed out that the future real estate market will be dominated by stability, through the steady development of the real estate market and the acceleration of the construction of affordable housing. Commercial housing will gradually become stable, and the number of affordable housing will increase to meet the basic housing needs of the whole people.
The meeting stressed the need to pay attention to non-economic policies, that is, to incorporate some administrative orders that are not conducive to economic development into the evaluation of macroeconomic regulation and control. This means that more caution is needed in formulating policies to minimize the negative impact on economic development.
The meeting pointed out that "to promote stability, first establish and then break", focus on the development of scientific and technological innovation. In addition to artificial intelligence, biomanufacturing, and quantum technology, commercial aviation, low-altitude economy, digital intelligence, and green technology are all industries with the most potential in the future.
Next year's nine key goals are: leading the construction of a modern industrial system with scientific and technological innovation, expanding domestic demand, deepening reforms in key areas, continuing to expand high-level opening up, continuing to effectively prevent and resolve risks in key areas, doing a good job in agriculture, rural areas and rural areas, promoting urban-rural integration, and doing a good job in the construction of ecological civilization, so as to effectively protect and improve people's livelihood. Stabilizing and improving people's livelihood is the most important part of this.
* The Economic Work Conference made a clear plan for next year's economic work, including stabilizing economic expectations, stabilizing the development of real estate, not strengthening stimulus policies, and paying attention to non-economic policies. In addition, next year's key industries include scientific and technological innovation, digital economy, green technology, etc. The meeting reaffirmed the importance of stabilizing and improving people's livelihood as the core, as well as promoting rural-urban integration and ecological civilization construction. In the future development, we need to stabilize expectations, boost confidence, and accelerate industrial upgrading to achieve the transformation and stable development of the economic structure. The priorities raised at this meeting are valuable for everyone, and we can make personal plans based on them to adapt to the economic situation next year. Special attention needs to be paid to scientific and technological innovation, digital economy, green technology and other fields, these industries have great potential for development. At the same time, we should also pay attention to the changes in domestic and foreign demand, and adjust our investment and consumption strategies to adapt to the new situation of economic development. Before making any planning, we must first understand the current policy and economic situation, only by understanding the policy, can we grasp the opportunity of economic development and achieve the growth of personal wealth.