The direction of China's economy for next year has been determined, and it can be seen from the high-level meetings in the last two days that next year's economy will follow the three key words of "seeking progress while maintaining stability, promoting stability with progress, and establishing first and then breaking". These three keywords are well thought out, rich in wisdom and dialectical thinking, and they will be explained in detail below.
First of all, seeking progress while maintaining stability shows the basic attitude toward economic development. Seeking progress while maintaining stability means that while pursuing further development, it is necessary to stabilize the current economic foundation and avoid unstable factors from having a serious impact on the economy. In the current economic environment facing many uncertainties, maintaining economic stability is essential to maintain the stability and sustainable development of society.
Second, promoting stability through progress means not falling into a state of being too conservative and resting on its laurels. While stabilizing the economy, it is necessary to have an enterprising spirit, actively promote the transformation and upgrading of the economic structure, develop emerging industries, and cultivate innovative vitality. Stable long-term development can only be achieved through continuous economic transformation and innovation.
Finally, the key word about reform is to establish first and then break down. It stresses that the prerequisite for reform is to first solve the existing problems, lay a solid foundation, and then gradually break the old pattern and pattern and promote in-depth reform. This gradual approach to reform is conducive to stabilizing the economic environment and avoiding unnecessary fluctuations.
These three keywords show the general direction of China's economic stability and further development next year. At the same time, these three keywords also reflect the decision-making thinking of China's economic leadership and its deep insight into the current domestic and international situation.
Before determining the general direction of economic development next year, we must first understand the complex and changeable domestic and international situations we are currently facing. Broadly speaking, I believe that it can be divided into two aspects: the situation of international struggle and domestic problems.
First of all, the situation of international struggle remains complicated. The U.S. economy is about to recession, and the global economic landscape has changed dramatically. In the economic circles of developed countries, there is a growing call for greater cooperation. We have laid an important foundation for the Belt and Road Initiative, the BRICS Organization and cooperation with the South, but we still need to further strengthen and solidify. At the same time, there are changes within the US-Western alliance, with European countries facing the pressure of the energy crisis and economic recession, calling for strategic autonomy. Other countries such as the United Kingdom, Australia, New Zealand, Japan and South Korea are moving closer to us with an emphasis on cooperation. While these changes are developing, we still need to continue to work on them.
Second, there are a number of problems in China that need to be solved urgently. The risk of the real estate bubble has not been lifted, there are risks in the financial sector, the first problem has not been solved, the economic recovery is uneven, and the accumulation of science and technology industry and advanced manufacturing industry is insufficient. These problems have brought certain pressure to the stability and sustainable development of the economy, and need to be continuously improved and perfected.
In the current economic situation, it is essential to ensure economic stability. A steady approach will help us seize the opportunities and meet the challenges in today's uncertain world.
In terms of the situation of international struggle, the recession in the United States will provide us with some opportunities. We should take advantage of this opportunity to strengthen cooperation with other countries, deepen the Belt and Road Initiative, and promote cooperation with BRICS. At the same time, we should also cultivate the ability of independent innovation, improve the competitiveness of core technologies, and make China have more say in the international economic arena.
In terms of domestic issues, we need to continue to improve and improve policies and measures to solve the problem of real estate bubbles, stabilize the financial system, promote the healthy development of the economy, promote the balanced development of the economy, and increase support for the technology industry and advanced manufacturing industry. These measures will help to ensure economic stability and lay the foundation for sustainable economic development.
Finally, we should make it clear that seeking progress while maintaining stability does not mean being conservative and stagnant, but that we should maintain strategic focus, stabilize the current economic foundation, and actively promote structural adjustment and innovative development. Only on the basis of seeking progress while maintaining stability can we achieve a virtuous cycle and sustainable development of the economy.
To sum up, the trend of China's economy in 2024 will be carried out under the guidance of seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down. Although the current situation at home and abroad is still complex and we still need to solve a series of problems, in the right direction, we believe that China's economy will be able to continue to maintain stability and achieve greater development by stabilizing the current situation, being proactive and gradually reforming.