2024 marks the 75th anniversary of the founding of the People's Republic of China and a crucial year for achieving the goals and tasks of the 14th Five-Year Plan. Adhering to the principle of seeking progress while maintaining stability, promoting stability through progress, establishing first and then breaking down, and striving to make greater progress in building a new development pattern, promoting high-quality development, and comprehensively deepening reform and opening up, China's economic recovery will continue to consolidate and strengthen.
Unswervingly expand effective demand.
The popularity of ice and snow tourism is rising, "New Year's Eve in different places" has become a new trend, and the popularity of catering consumption is ......New Year's Day holiday, domestic tourism travel 13.5 billion person-times, a year-on-year increase of 1553%；The sales of key retail and catering enterprises nationwide increased by 11% year-on-year;The box office of the New Year's Day movie is 153.3 billion yuan, setting a new record for the schedule.
The consumer market has made a booming start, demonstrating the huge potential of China's super-large market. In recent years, China has adhered to the strategic basis of expanding domestic demand, focused on promoting the optimization and upgrading of the industrial structure, and strived to meet the personalized, diversified and constantly upgrading needs of the people. In the first three quarters of 2023, the contribution rate of domestic demand to economic growth increased to 113%, and the role of the main driving force was further revealed.
* The Economic Work Conference proposed that "it is necessary to stimulate potential consumption" and "promote consumption from post-epidemic recovery to continuous expansion". Where does the impetus for expanding domestic demand come from?Wang Yiming, vice chairman of the China Center for International Economic Exchanges, said that the development of new consumption will be accelerated, digital consumption, green consumption, and healthy consumption will give birth to new consumption space, and smart homes, cultural and entertainment tourism, sports events, and domestic "trendy products" will form new consumption growth points. With the stabilization of the economy, income growth, and expected improvement, bulk consumption such as new energy vehicles and electronic products will have a more obvious recovery. From a policy perspective, the first economic work conference clearly proposed to increase the income of urban and rural residents and optimize the consumption environment, which will also help strengthen the trend of consumption expansion this year.
In the medium and long term, China has very good potential for consumption growth, and the contribution of consumption to economic growth will stabilize at more than 60% during the 14th and 15th Five-Year Plan periods. A larger increase comes from service consumption, but due to the impact of the epidemic, service consumption needs further encouragement and support. * Wang Wei, former director of the Institute of Market Economy of the Development Research Center, said.
On the basis of recovery, the Ministry of Commerce has designated 2024 as the "Year of Consumption Promotion" to promote the continuous expansion of consumption. Xu Xingfeng, director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said that digital consumption will be vigorously developed, green consumption will be expanded, healthy consumption will be promoted, and the consumption of domestic "trendy products" will be promoted. In terms of stabilizing and expanding traditional consumption, the whole chain will promote automobile consumption, expand household consumption, and promote household appliance consumption. In addition, it will also study and formulate policy documents to promote the development of service consumption and promote the quality and expansion of service consumption.
Today's investment is tomorrow's supply. In 2024, China will vigorously and orderly promote the construction of 102 major projects in the 14th Five-Year Plan and other major projects in the economic and social fields, and accelerate the construction of post-disaster recovery and reconstruction projects to improve disaster prevention, mitigation and relief capabilities. Give full play to the amplification effect of first-class investment, increase the promotion of projects to private capital, and encourage and attract more private capital to participate in the construction of major national engineering projects and short-board projects according to the principle of marketization.
We will continue to deepen reforms in key areas.
The more difficulties and challenges we face, the more we must seek impetus for reform and vitality for opening up. **The Economic Work Conference will deploy 9 key tasks for economic work in 2024, one of which is "deepening the reform of key areas". Taking the reform of key areas as the traction, comprehensively promoting the innovation of systems and mechanisms in various fields will be the key to doing a good job in economic work in 2024.
Various economic data fully show that the market environment and enterprise operations are significantly improving, and the major reform deployment of accelerating the construction of a unified national market has played a positive role in promoting stable development expectations. Li Chunlin, deputy director of the National Development and Reform Commission, said. According to the deployment of the executive meeting, in 2024, China will carry out the construction of basic systems in terms of market access and property rights protection, and take the lead in the construction of regional market integration in Beijing-Tianjin-Hebei, Yangtze River Delta and other regions, so as to accelerate the pace of construction of a unified national market.
In-depth implementation of the deepening and upgrading of the reform of state-owned enterprises, promoting the development and growth of private enterprises, and continuing to promote the reform of the system and mechanism of the power, oil and gas pipeline network and other industries are the focus, difficulties and key points of deepening the reform in 2024. Xu Zhaoyuan, deputy director of the Industrial Economy Research Department of the Development Research Center, said that the comprehensive deepening of reform should adhere to the principle of taking the lead, first establishing and then breaking, do a good job in the connection and transformation between the old and new models, pay more attention to policy coordination and reform rhythm, and ensure that the reform achieves the expected results.
In terms of regional development, the Opinions on Special Measures to Support the Relaxation of Market Access in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin recently kicked off the deepening of regional reforms in 2024. In 2024, China will focus on promoting the comprehensive reform pilots in Shenzhen, Xiamen and Pudong, continue to do a good job in the implementation of the reform measures that have been introduced in Hainan, Hengqin and other places, and continuously enhance the balance and coordination of regional development through the in-depth implementation of major regional strategies and regional coordinated development strategies, and accelerate the formation of a regional economic layout with complementary advantages and high-quality development.
Comprehensively deepening reform is an important starting point for stabilizing the overall situation and opening a new situation and achieving high-quality development, and is an inevitable requirement for promoting Chinese-style modernization. Dong Yu, executive vice president of the China Development Planning Research Institute of Tsinghua University, said that there are both short-term and long-term problems in the current economic operation, and it is necessary to deepen the understanding of the regularity of economic work in the new era, use reform and development methods to solve problems, boost confidence, and constantly promote the continuous improvement of the economic structure, the continuous enhancement of growth momentum, and the continuous improvement of development momentum.
High-level opening-up promotes high-quality development.
On January 1, the X8426 train loaded with "Guangzhou cargo" left Guangzhou International Port under customs supervision and is expected to arrive in Moscow in 15 days. This is the first China-Europe train to be shipped in the New Year in the Guangdong-Hong Kong-Macao Greater Bay Area.
Lv Daliang, spokesman of the General Administration of Customs and director of the Department of Statistics and Analysis, said that China adheres to expanding opening up, actively promotes international economic and trade cooperation, and has introduced a series of policies and measures to stabilize foreign investment and foreign trade, and the comprehensive effect continues to appear. In 2024, we are confident that we will continue to consolidate our market share in foreign trade, promote the stable scale and optimal structure of imports and exports, and lay a solid foundation for expanding high-level opening-up.
Expanding high-level opening-up is one of the important tasks of economic work in 2024. High-level opening-up to the outside world will create new momentum and new advantages for high-quality development, and fully release the huge potential and strong momentum to promote China's development. Luo Rong, director of the Institute of Foreign Economic Research of the Chinese Academy of Macroeconomics, said that although the complexity, severity and uncertainty of the external environment have risen, it should be seen that the favorable conditions for China's development are stronger than the unfavorable factors, with the full release of domestic demand potential, the continuous optimization of the economic structure, and the consolidation and strengthening of the economic rebound, China's new development will provide more new opportunities for the world.
Luo Rong believes that in 2024, China's expansion of opening up to the outside world should make a fuss in the six words of "cultivation, benchmarking, and overall planning", that is, to accelerate the cultivation of new foreign trade momentum such as intermediate goods, services, digital, and cross-border e-commerce exportsBenchmark international high-standard economic and trade rules, and promote the construction of a new system of a higher-level open economy;We will implement eight actions to support high-quality Belt and Road cooperation, coordinate major landmark projects and "small but beautiful" livelihood projects, and promote inclusive economic globalization.
In the future, China's door will open wider and wider, and the focus of opening up will also shift from the opening of factors, markets, and institutions to the steady expansion of rules, regulations, management, standards, and other institutional opening-up. Zheng Chiping, director of the Department of Utilization of Foreign Capital and Overseas Investment of the National Development and Reform Commission, said that in 2024, it will focus on institutional opening-up, focus on institutional reform in the fields of investment, finance, and innovation, effectively coordinate the overall domestic and international situations, make full use of the two markets and two resources, adhere to the implementation of a wider scope, wider fields, and deeper opening-up, and promote high-quality development with high-level opening-up. (Economic ** reporter Gu Yang Xiong Li).