According to Hong Kong's "South China Morning Post" on December 13, the two-day annual economic work conference ended on the 12th, setting a broad policy focus for the world's second-largest economy to open up a stronger recovery in 2024.
From boosting business confidence to better coordination between different departments, the thousand-word announcements about the meeting contained long to-do lists.
1.Commercial aerospace and high-tech ambitions.
China's leadership has made clear its ambition to advance cutting-edge technologies, including commercial space and quantum science. They see these areas as new sources of economic growth.
Wu Xinjian, manager of a Shanghai-based technology consultancy, said: "China has made progress in R&D. ”
2.Become a maritime power.
The announcement also contained requirements for vigorously developing the marine economy and building a maritime power, but did not elaborate on how to accomplish this task.
According to official data, China's gross marine production in the first three quarters of 2023 reached 72 trillion yuan, a year-on-year increase of 58%。
3.Silver economy.
*The Economic Work Conference specifically mentions the "silver economy". The leadership has managed to turn the demographic challenge into an opportunity to support the economy.
China has 2 in 2022100 million people aged 65 and over, accounting for 14 percent of the total population9%。
4.More sales of domestic "trendy products".
China has listed domestic "trendy products" as one of the new consumption growth points next year, hoping that the consumption power of 1.4 billion people can drive the economy forward.
Many domestic manufacturers are already able to offer cost-effective products, while geopolitical tensions have added a patriotic stamp to the purchase of these products.
In the field of electric vehicles and consumer goods, the "Made in China" label is also associated with high quality and product design that meets the needs of Chinese consumers.
5.Food security.
Compared with previous years, the content of this year's economic work conference has increased significantly.
China has long emphasized securing cereals and other staple foods**, stabilizing the size of arable land, and investing more in farmland protection and construction.
Against the backdrop of intensifying climate change and global market uncertainty, China is increasingly emphasizing food security.
6.A more pragmatic work style.
China has added a new working principle of "first establish and then break". China's leadership has also placed greater emphasis on improving social expectations.
They are required to pay attention to grasping and handling the relationship between macro data and micro feelings, make a good advance and leave redundancy in policy reserves, and pay attention to effectiveness and enhance the sense of gain in the evaluation of policy effects. (Compiled by Yang Xinpeng).