**The Economic Work Conference was held in Beijing, focusing on the pulse of the national economy, which reflects the outline of a country's future development and is also the focus of concern of hundreds of millions of people. The meeting emphasized that in the face of new economic difficulties, China's economy is still showing a long-term positive trend.
We can see that China's economy is experiencing the "triple pressure" of shrinking demand, supply shocks, and weakening expectations. Although the shift in epidemic prevention and control strategies has eased and the supply shock problem is no longer prominent, the problem of shrinking demand and weakening expectations still exists.
The successive sluggish manufacturing PMIs, the increase in precautionary savings of households, and the lack of willingness of companies to invest in the medium and long term are all reminders for policymakers and market participants to remain sober about the current situation. In particular, the overcapacity of traditional industries such as steel, as well as the same problems in emerging industries such as photovoltaics, show the urgency of economic restructuring.
The meeting also put forward a new economic work method: to promote stability with progress, first establish and then break". This side embodies a delicate and far-reaching thinking: stability is the foundation, but progress is the driving force. At the same time, we will continue to consolidate the foundation for stability and improvement by changing the mode, adjusting the structure, and improving the quality and efficiency.
It is worth noting that the deep meaning of this approach lies in the establishment of new rules and standards in the general direction, and then the gradual elimination of old rules and systems, so as to prevent social ups and downs in the process of change.
Unbalanced and inadequate economic development is a pervasive phenomenon, not an isolated one. When traditional industries and emerging industries are also facing overcapacity, we should deeply reflect on the quality and model of current economic growth. In the face of a complex and severe external environment, we must enhance our ability to innovate independently and reduce our dependence on the external environment.
Third, policymakers need to find a balance between stabilizing growth and preventing risks, and continuously improve macroeconomic regulation and control through innovation and coordination. Finally, true stability comes from the well-being of all citizens and the achievement of social justice, not just in terms of GDP growth, but in all aspects of people's lives.
Finally, we can see that the meeting provided some new ideas for the future path of China's economy. The further strengthening of macroeconomic policies, as well as the innovation and coordination of fiscal and monetary policies, are all aimed at promoting high-quality economic development in an orderly manner while maintaining stability.
In the past year, we have witnessed many economic challenges, but at the same time, we have also accumulated a regular understanding of economic work. This meeting is not only a summary of the current situation, but also a vision for the future. We should take this as a starting point, continue to deepen reform, insist that the door of opening up will not be closed, but will only open wider and wider, and contribute China's wisdom and strength to the stability and development of the world economy with concrete actions.