In 2024, the direction of the development of China's economy has been determined, and this news was reached during a recent high-level meeting. These key words include "seeking progress while maintaining stability", "promoting stability through progress", and "establishing first and then breaking down", which not only embody the wisdom and philosophical thinking of economic development, but also guide the general direction of China's economy next year.
First of all, from the superficial meaning, seeking progress while maintaining stability emphasizes the need to stabilize the economy while pursuing development, while promoting stability through progress emphasizes not being too conservative and stabilizing the economy through development. The most important thing is to establish first and then break, and this key word answers the question of how to carry out reform. The premise of reform is to solve the current problems, stabilize the foundation, and then gradually achieve a breakthrough, solve one problem after another, build one, and then start the next one.
It should be noted that the current situation at home and abroad is still complex and changeable, and it is facing many problems and challenges. First of all, in terms of international struggle, the US economy is about to recession, and the international situation is complex and unstable. Among developed countries, there is a growing call for greater cooperation;We have laid an important foundation for cooperation on the Belt and Road Initiative, BRICS and the South, but it needs to be further strengthened and consolidated. At the same time, America's allies are changing, especially in Europe, which is under pressure from the energy crisis and economic recession, calling for more strategic autonomy. South Korea, Japan and other countries are also moving closer to us. However, these changes have not yet fully stabilized, and we still need to continue to work on them.
Second, on the domestic front, there are still some problems that need to be solved and improved. First of all, the risk of a real estate bubble has not yet been resolved, and we need to continue to be vigilant. In addition to the overheating of the real estate market, the risk of USD debt has not been completely eliminated. In addition, there are still risks in the financial sector, and issues such as the risks of small and medium-sized banks also need to be paid attention to. **The problem is still not completely resolved, and the economic recovery is not balanced. Our accumulation in the technology industry and advanced manufacturing industry is still insufficient, and there is still a gap. Therefore, in the current situation, we still need to work hard to solve these problems, and we do not have the conditions to do it quickly.
To sum up, the high-level meeting determined the direction of China's economic development next year, that is, "seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down". While solving many problems, we can expect the economy to be further stable in 2024, and the international situation and environment will also be favorable to us to a certain extent. At the same time, with the U.S. economy in turmoil, we have enough patience to wait for the moment.
Summary: The development direction of China's economy in 2024 has been determined to "seek progress while maintaining stability, promote stability through progress, and establish first and then break down". These three key words embody thoughtful and philosophical reflections on economic development and guide economic policy next year. However, the current situation at home and abroad is still facing complex and volatile challenges, which require continuous efforts to solve problems. We must continue to pursue development on the basis of stability, and at the same time, we must pay attention to solving current problems and gradually achieve reform and breaking the situation. This will require not only courage and strategic focus, but also continued efforts to strengthen domestic and international cooperation to address challenges. Only by solving the current problems on the premise of stability can we move towards a better future.