In 2023, China's economy is full of hope, but it is also facing many difficulties and challenges. With the upcoming Third Plenum of the CPC Central Committee in 2024, people's expectations and concerns about the direction of China's economic development and institutional reform are also increasing. The recent high-level meeting gave the general direction of China's economy in the future, as well as clarified three key words, "seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down", which indicates that China's economy will continue to develop steadily in 2024 and have the courage to solve the problems it faces.
Seeking progress while maintaining stability is the overall requirement and development direction of China's economy at present. Stability is the premise of development, and steady development is the foundation of long-term development. While achieving stability, it is necessary to intensify reform and opening up to promote China's continuous economic growth and progress. Seeking progress while maintaining stability requires us to pay attention to stabilizing employment, prices, and finance, so as to provide a solid foundation for economic growth. While pursuing progress, it is also necessary to remain vigilant against various risks to ensure the sustainability and stability of development.
Expansion of Seeking Progress in Stability: Seeking progress in stability does not mean being conservative, but promoting progress and development in all aspects on the basis of maintaining stability. Under the current complex and volatile international situation, we should actively respond to challenges and look for new impetus and growth points for development. At the same time, we should focus on stabilizing employment, strengthening vocational training and skill upgrading, and ensuring the stability of the labor market. In terms of prices, strengthen market supervision, maintain market order, and ensure stability. In addition, it is also necessary to maintain a high degree of vigilance in the financial sector, strengthen supervision, guard against financial risks, and maintain financial stability.
Promoting stability through progress means that economic stability needs to be supported by continuous advancement and an enterprising spirit. Stability does not mean keeping the status quo unchanged, but maintaining stability through further development. Only by constantly forging ahead, pursuing innovation, and reform can we provide a powerful impetus for economic stability. Promoting stability through progress requires us not only to make breakthroughs in the fields of technology and scientific and technological innovation, but also to carry out reform and innovation in systems and mechanisms, so as to push China's economy off various obstacles in development.
Promoting stability through progress: Promoting stability through progress reflects the internal logic of China's economic development, and is also an inevitable requirement for maintaining economic stability in the context of the current complex and volatile domestic and international situation. In terms of technological innovation, it is necessary to increase investment in scientific research, strengthen personnel training, and promote the mutual promotion of technological innovation and economic development. In the reform of systems and mechanisms, it is necessary to break the resistance of the solidification of vested interests, strengthen institutional innovation, and create a good environment and conditions for economic development. At the same time, we should also pay attention to promoting the deep integration of science and technology and industry, build an innovation-driven development model, and improve economic competitiveness and sustainable development.
Establishing first and then breaking down is the premise and key to realizing reform. Standing first means solving the current problem first and laying a solid foundation. Only by solving the current problems and laying a good foundation can we achieve a breakthrough and create a better development situation. We must not only focus on long-term development, but also be good at discovering and resolving current problems and contradictions, so as to ensure the steady progress of reform.
Reform is the driving force of development and the guarantee of stability, but reform also needs to be gradual and gradual, and only by solving a problem can a situation be broken. In the process of promoting reform, we should pay attention to solving the existing problems, lay a solid foundation, and lay a solid foundation for achieving deeper reform. For example, in the real estate sector, it is necessary to continue to promote destocking and prevent and control real estate bubbles to ensure the stability of the real estate market. In the financial sector, it is necessary to strengthen supervision, guard against financial risks, and ensure financial security. At the same time, it is necessary to solve the problems of unbalanced economic development and competition in some industries, and promote the coordinated development of all fields.
The general direction of China's economy in 2024 has been clear, and we will continue to seek progress while maintaining stability, promote stability through progress, and establish first and then break down. These three key words reveal the development ideas and strategies of China's economy. Seeking progress while maintaining stability requires promoting development on the basis of stability, actively responding to challenges and seeking better development while maintaining economic stability. To promote stability requires continuous progress and innovation, and promote the sustainable development and upgrading of the economy. It is necessary to solve the current problems, lay a good foundation, and create conditions for deepening reform.
However, in 2024, China's economy will face a complex domestic and international situation, and there are still a series of challenges and problems. At present, the situation of international struggle is complex, the US economy is about to recession, and the problems of domestic real estate bubbles, financial risks, problems, and uneven economic recovery also need to be solved urgently. Therefore, in the current situation, China's economy needs to act cautiously, focusing on stability and solving current problems as the premise.
In general, in 2024, China's economy will continue to develop steadily under the guidance of the principles of seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down. By solving current problems and promoting innovation, China's economy has the confidence to meet the challenges and achieve a higher level of development in the face of a complex situation.