1. The general direction of China's economy in 2024 will be determined: seek progress while maintaining stability, promote stability through progress, and establish first and then break down.
The Third Plenary Session of the 18th Central Committee of the Communist Party of China in 2013 put forward the goal of "liberating and developing social productive forces through reform and innovation", opening a new stage of China's economic development. As 2023 comes to an end, economic development in 2024 is in the spotlight. The recent high-level meeting made a clear plan for the economic work in 2024 and determined the general direction of China's economy next year, that is, "seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down". These three key words embody wisdom and philosophical dialectical thought, revealing new guidance for next year's economic development. Seeking progress while maintaining stability means maintaining stability in the process of development, focusing on solving the problems we are currently facing, and only those stable foundations can support the progress of development. Promoting stability through progress stresses that we should not be too conservative, and economic stability should also move forward in the direction of development, and only when we are positive and enterprising can we stabilize the status quo. In response to the call for reform, we should gradually achieve the goal of solving the dilemma on the basis of solving the current problems. These keywords reflect the future development ideas and direction of China's economy.
Seeking progress while maintaining stability can be further understood as maintaining long-term economic stability and sustainable development. In the current complex and volatile international environment such as Sino-US frictions, it is very important to maintain economic stability. A stable economy will provide a solid support for China's position and influence in the international community. At the same time, a stable economy is also the cornerstone of the development of the cause of the Chinese party and the state, and only by stabilizing the current economic foundation can we provide better conditions for the next step of development.
Promoting stability through progress means that economic stability cannot be at the expense of development. Under the current severe situation at home and abroad, China's economy must be proactive and innovative in order to meet the challenges and maintain sustained growth. Just as China's economy has made progress in high-tech industries and innovation in the past few years, China's economy should continue to make progress while maintaining stability, promote industrial upgrading and structural adjustment, and enhance the endogenous driving force of economic growth.
Establishing first and then breaking down is a response and reflection on reform. China's economy has entered a new stage of development, and the solution of problems and contradictions needs to be achieved through reform. However, reform requires a stable foundation and conditions, so it is necessary to solve the current problems first, lay a good foundation, and then push forward the breakthrough of reform. In this process, we need to clarify the goals, directions and priorities of the reform, and make plans and preparations to ensure the smooth progress of the reform.
At present, the international situation is very complicated, and the struggles and games between various countries are constantly increasing. In particular, the U.S. economy is facing an imminent recession, which is a major challenge for the Chinese economy. In the face of such a situation, China needs to strengthen international cooperation, consolidate the cooperation mechanisms already established such as the Belt and Road Initiative and the BRICS, and take the initiative to respond to changes in the international situation.
At home, we are still facing a series of problems that need to be continuously improved and perfected. Among them, the risk of real estate bubbles and the risk of the financial sector are the focus of our attention. In addition, the problem of ** and the uneven economic recovery also need further attention and resolution. In addition, our accumulation in the technology industry and advanced manufacturing industry is still insufficient, and there are gaps and challenges. Therefore, we need to address these issues while strengthening the stability and innovation of the domestic economic system.
Looking back at the development of the past few years, China's economy has achieved great success in various fields. But at the same time, we are also facing various problems and challenges. The three key words identified by the 2024 Economic Work Conference provide us with a clear direction and goals. Under the principle of seeking progress while maintaining stability, we must maintain long-term economic stability and sustainable development; Under the idea of promoting stability through progress, we must pay attention to the further development and innovation of the economy; Under the approach of establishing first and then breaking down, we must solve problems through reform and promote sustainable economic development.
In the future, we need to grasp the changes in the internal and external environment, turn challenges into opportunities, and continuously promote economic development and reform. At the same time, we should also strengthen international cooperation and respond to changes in the international situation in order to achieve stable and sustainable development.
It should be reminded that although we have a lot of expectations and appeals, it is not the best time to act in the current complex situation. We need to assess the situation, stabilize the fundamentals, solve the current problems, and lay a solid foundation for future development. Only with sufficient strategic determination and adequate preparation can we move forward steadily in the ever-changing domestic and international situation and achieve sustained economic growth and development.