Zhangjiang area of China (Shanghai) Freedom Pilot Zone photographed on September 10. Photo by Xinhua News Agency reporter Tang Yi.
Xinhua News Agency, Beijing, December 13China's annual economic decision-making meeting with the highest specifications - the Economic Work Conference was held a few days ago, deploying the key tasks of next year's economic work, focusing on economic construction and high-quality development, emphasizing the consolidation and strengthening of the economic rebound, and issuing new signals such as "seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking".
Zhao Xijun, co-dean of the China Capital Market Research Institute of Renmin University, Chinese Minmin University, believes that from "stability first, progress in stability" to "progress in stability, progress to promote stability, first establish and then break", it shows that the understanding of economic work is more systematic, perfect and holistic, and grasps the relationship between stability and progress, dynamic and static economic development after the epidemic, and better promotes the effective improvement of economic quality and reasonable growth in quantity.
'Establish first and then break', that is, let the growth factors be released more actively. Zhang Liqun, a researcher at the Macroeconomic Research Department of the Development Research Center, said that for some new forces, we should first encourage them to grow, find problems in their growth, and standardize them in the process of growth, so that they can go better.
The 20th National Congress of the Communist Party of China (CPC) drew a grand blueprint for comprehensively promoting the great rejuvenation of the Chinese nation through Chinese-style modernization, emphasizing that high-quality development is the primary task of building a modern socialist country in an all-round way.
The first economic work conference deployed the focus of promoting high-quality development next year from nine aspects: leading the construction of a modern industrial system with scientific and technological innovation, focusing on expanding domestic demand, deepening reforms in key areas, expanding high-level opening up, continuing to effectively prevent and resolve risks in key areas, unremittingly doing a good job in the "three rural" work, promoting urban-rural integration and regional coordinated development, further promoting the construction of ecological civilization and green and low-carbon development, and effectively protecting and improving people's livelihood.
This shows that China does not rely on the model of scale expansion and relatively low value-added to drive economic growth, but will achieve economic recovery and improvement in high-quality development. Zhao Xijun said.
Zhang Liqun said: One of the characteristics of China's economy this year is that it has gradually come out of difficulties, and remarkable results have been achieved in economic recovery. ** Improving the weak links of economic development through continuous increase in policy support, stabilizing investment and consumer expectations.
On November 27, in Chongqing Chang'an, located in Wanzhou District, Chongqing City, the staff of the first vehicle was busy on the production line. Photo by Xinhua News Agency reporter Tang Yi.
In the first three quarters of this year, China's GDP grew by 5 percent year-on-year2%, which is still among the top among the world's major economies, laying a solid foundation for achieving the expected growth target of about 5% for the whole year.
At present, China's economic operation continues to recover, the momentum of innovation continues to increase, and breakthroughs have been made in a number of key core technologies. A number of interviewed experts here pointed out that the economic work conference will put "scientific and technological innovation" in an important position.
Chen Bin, an associate researcher at the Economic Department of the State Information Center, analyzed that next year is a key year for China to implement the "14th Five-Year Plan", and China may have further measures in promoting the layout of new economic tracks and new formats by market players.
The first economic work conference proposed to strengthen the counter-cyclical and cross-cyclical adjustment of macro policies, continue to implement a proactive fiscal policy and a prudent monetary policy, strengthen the innovation and coordination of policy tools, and emphasized that the active fiscal policy should be moderately strengthened, improve quality and efficiency, and the prudent monetary policy should be flexible, moderate, precise and effective.
Zhang Yansheng, chief researcher of the China Center for International Economic Exchanges, believes that the word "moderate" means that China will not carry out strong stimulus in the form of flood irrigation like some developed countries, but pay attention to the quality and efficiency of policies, highlight the targeted, and promote economic development with more precise and appropriate efforts.
On July 6, the 2023 World Artificial Intelligence Conference kicked off at the Shanghai World Expo Center, where visitors interacted with the Soft Humanoid Intelligent Service Robot at the MindMinds booth. Xinhua News Agency (photo by Li Xinyi).
* General concern was given to the meeting's proposal of "enhancing the consistency of macroeconomic policy orientations" - strengthening the coordination and cooperation of fiscal, monetary, employment, industrial, regional, science and technology, environmental protection and other policies, including non-economic policies in the assessment of macroeconomic policy orientation consistency, strengthening policy coordination, and ensuring that efforts are made in the same direction and a synergy is formed.
Zhang Yansheng believes that this has released a signal from the first level to avoid conflicts between different policies and fully mobilize the enthusiasm of various business entities, including the private economy and the foreign-funded economy.
China's economic recovery is still at a critical stage, and further promoting the economic recovery has put forward high requirements for the implementation of macroeconomic policies. The meeting stressed that it is necessary to pay attention to grasping and handling the relationship between speed and quality, macro data and micro feelings, economic development and improvement of people's livelihood, and development and security.
The interviewed experts generally believe that China has a super-large-scale market, a complete supporting industrial system, a large number of high-quality workers and entrepreneurs, a deeper understanding of the laws of economic work by macroeconomic policies, and strong endogenous power, resilience and potential for economic development. The difficulties and challenges that China has to overcome are problems in the course of progress and troubles in the course of development, and it is necessary to strengthen its confidence and confidence.
It has been noted that the International Monetary Organization recently raised China's GDP growth forecast for 2023 from 5% to 54%, while raising its growth forecast for 2024. UBS, JPMorgan Chase and many other institutions are also optimistic about China's economic growth prospects.
* Xinhua News AgencyAuthor: Guo Xin, Zhou Wenqi, He Xiaotong, Li Yunlu.
Edited by Zeng Jiajia.
Process Editor: Ma Xiaoshuang.