The general direction of China's economy in 2024 has been established, and through the discussion and analysis of the recent high-level meeting, three key words have been determined: seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down. These three keywords are imbued with wisdom and philosophical dialectics, and they set a clear direction and goals for next year's economy. Seeking progress while maintaining stability emphasizes the need to maintain economic stability while promoting development, while promoting stability through progress emphasizes that development must be the foundation of stability, and if we only pursue stability without being proactive, it may lead to regression. The question of how to carry out reform is to promote reform on the basis of solving current problems, and gradually break the old pattern. The setting of these keywords provides a strong guide for next year's economic development.
Under the guidance of seeking progress while maintaining stability, China's economy will pay more attention to economic stability and sustainable development next year. This means that while promoting economic growth, we should focus on solving the current problems, such as the risk of a real estate bubble, the risk of the financial sector, and the most important problems. The problem of real estate bubbles has always existed, and it is necessary to cool down through regulatory measures to avoid a large-scale market crash. Risks in the financial sector also require great attention, especially in the face of the impact of the US dollar exchange rate, and the financial system needs to be fully prepared. In addition, the problem also needs to be solved to stabilize market confidence and avoid a large increase. Only by stabilizing these problems can we ensure stable economic growth.
Under the guidance of progress and stability, China's economy will strengthen reform and opening up next year, and actively promote structural adjustment, transformation and upgrading. At present, the challenges facing China's economy are not only domestic but also international, so they need to be addressed through active opening up and cooperation. On the one hand, it is necessary to strengthen cooperation with developed countries and promote a mutually beneficial and win-win situation. On the other hand, it is necessary to further promote the construction of the "Belt and Road" and BRICS cooperation, and consolidate the achievements that have been achieved. In addition, with the changes in the international situation, China is also facing pressure from the United States and other countries, so it is necessary to maintain the strategic focus of independent development, increase investment in the field of independent innovation and high-end manufacturing, and enhance China's industrial competitiveness.
Under the guidance of establishing first and then breaking down, China's economic reform next year will be more in-depth and comprehensive. Establishing first and then breaking down means first solving the current problems, laying a good foundation, and then pushing forward the reform and breaking the old pattern. While solving the problem of real estate bubbles, it is necessary to promote the reform of the land system and break the rigid pattern of land resources. While solving the risks in the financial sector, it is necessary to promote the reform of the financial system, break the monopoly, and promote the healthy development of the financial market. While solving the best problems, it is necessary to promote the reform of the registration system, remove restrictions, and make the market more fair, transparent and standardized. At the same time, it is necessary to break the bottleneck of enterprise development and enhance market vitality through measures such as tax reduction and fee reduction and decentralization.
To sum up, the general direction of China's economy next year has been determined to seek progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down, which provides a clear goal and path for promoting economic development. While achieving economic growth, it is necessary to pay attention to solving the problems we are currently facing, and at the same time actively promote reform and opening up, deepen economic restructuring, transformation and upgrading, and promote reform by first establishing and then breaking down. Only by adhering to this general direction can we stabilize economic development and cope with various risks and challenges. I am full of confidence in the development of China's economy next year.
My summary: The direction of China's economic development next year has been determined to seek progress while maintaining stability, promote stability through progress, and establish first and then break down. Under the guidance of these three key words, next year's economy will pay more attention to stability and sustained development, and at the same time, intensify reform and opening up, and actively promote structural adjustment, transformation and upgrading. On the basis of solving the current problems, we should break the old pattern and promote reforms in various fields. Although the challenges and pressures remain, I am full of confidence in China's economic development next year. With an optimistic attitude and firm confidence, we need to actively respond to domestic and international challenges and promote sustained and healthy economic development. Only under the guidance of seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down, can China's economy achieve stable growth and sustainable development in 2024.