Firm confidence to move forward Observation of China s high quality economic development at the begi

Mondo Finance Updated on 2024-02-01

After an extraordinary 2023, China's economy has ushered in a new start in 2024 while forging ahead.

In the face of an increasingly complex and severe domestic and international environment, a consensus has become clearer: promoting high-quality development is not only the fundamental way out for breaking through, but also a difficult road that needs to overcome many difficulties.

Deeply expound the understanding of the regularity of doing a good job in economic work in the new era, and clearly put forward the "persistence in seeking progress while maintaining stability, promoting stability with progress, and establishing first and then breaking", the general secretary pointed out the way forward at the ** economic work conference held in December last year.

Since the beginning of the year, under the guidance of the most advanced economic thought, all localities and departments have seized the opportunity to work hard, and hundreds of millions of people have worked together to strengthen China's economy and move forward with confidence on the road of high-quality development.

Seeking progress while maintaining stability - showing a new atmosphere in promoting high-quality development.

The Spring Festival is approaching, and the flavor of the New Year is getting stronger and stronger.

People shop for goods at the Lunar New Year Festival event at Yunkai Square in Kaiyang County, Guiyang City, Guizhou Province, January 20, 2024. Xinhua News Agency (photo by Yuan Fuhong).

Shaanxi, with more than 1,000 Spring Festival themed activities, will send a "feast" of travel to guests and friends from all over the world;

Guangdong, launched a series of activities such as visiting flower streets, watching big plays, and amusement parks, and issued more than 10 million yuan of cultural and tourism consumption vouchers to continue to release consumption potential;

Heilongjiang, the popularity of "Erbin" is still spreading, the number of travel orders during the Spring Festival holiday increased by more than ten times year-on-year, and the popularity of major ice and snow scenic spots is ......

Tourists play at the Harbin Sun Island Snow Expo Park (photo taken on January 1, 2024). Photo by Xinhua News Agency reporter Wang Jianwei.

At the beginning of the new year, new consumption scenarios and new formats continue to emerge, and logistics surges, showing a new atmosphere of high-quality development.

We must adhere to high-quality development as the last word in the new era" - at the ** economic work conference held in December 2023, the ** general secretary profoundly summarized the understanding of the laws of economic work in the new era with "five musts", and put this article in the first place.

The more complex the situation and the more arduous the task facing China's economy, the more important it is to adhere to the guidance of first-class economic thought and continue to create a new situation in unswervingly promoting high-quality development.

Seek progress while maintaining stability, and continue to consolidate the foundation for economic recovery

On January 2, the construction of the Hefei-Wuhan section of the Shanghai-Chongqing-Rong high-speed railway along the Yangtze River (Hewu section of the high-speed railway along the Yangtze River) started. After the completion of this line, which is about 360 kilometers long and has a design speed of 350 kilometers per hour, a new high-speed rail corridor will be formed between Hefei and Wuhan, further improving the riverside passage of China's "eight vertical and eight horizontal" high-speed rail network.

Investment is the key to stable economic growth. Since January, the construction of many major projects has been launched: the largest high-speed railway shield tunnel in the Beijing-Tianjin-Hebei region has begun to be excavated; China's first terrestrial cable crossing project was successfully laid in Zhoushan, Zhejiang; The world's highest-altitude large-scale pumped storage power station has been ...... in Sichuan

On January 18, 2024, the shield machine site (drone**) was taken on the same day, the ultra-large diameter shield machine "Jincheng No. 1" of the Jingu Haihe River Tunnel of the Tianjin-Weihai High-speed Railway, which was constructed by the 14th Bureau of China Railway, was successfully launched, marking the official start of the excavation of the high-speed rail shield tunnel with the largest diameter and longest excavation distance in the Beijing-Tianjin-Hebei region. Photo by Xinhua News Agency reporter Xing Guangli.

Consumption is the main engine of economic growth. Focusing on the continuous stability and expansion of consumption, the Ministry of Commerce has designated 2024 as the "Year of Consumption Promotion", organized and carried out a variety of consumption promotion activities, and created more new scenarios for the integration of business, tourism, culture and sports. All localities and departments have done everything possible to promote consumption and strive for a good start in the first quarter of the consumer market.

The local two sessions, which are being held one after another, have sent more positive signals: all localities have taken efforts to expand domestic demand as an important starting point for stabilizing economic fundamentals, and continue to consolidate a stable foundation and accumulate momentum.

To promote stability, continue to promote the transformation and upgrading of the economic structure

On January 17, Shenyang, Liaoning Province held an energy storage conference. 44 new energy industry projects were signed on the spot, helping Shenyang to build a "energy storage capital".

It is necessary to break the industrial structure single.

First, the passive situation of old traditional industries and insufficient new kinetic energy can get out of the bottleneck of past development and win the future of comprehensive revitalization. Under such a consensus, Liaoning has made great efforts to do a good job in structural adjustment.

Coordinate the expansion of domestic demand and deepen the supply-side structural reform" ......and "actively forge ahead in changing the mode, adjusting the structure, improving the quality and increasing the efficiency".The word "structure" is a key word for the economic work conference to deploy the economic work in 2024.

At present, China is in a critical period of transforming the mode of development, optimizing the economic structure, and transforming the driving force of growth. A series of new actions have driven the economic structure to accelerate transformation and upgrading

Optimize the industrial investment structure, and the "Guiding Catalogue for Industrial Structure Adjustment (2024 Edition)" will promote the manufacturing industry to move towards high-end, intelligent and green; In line with the upgrading of consumption structure, we will continue to promote new energy vehicles to the countryside and accelerate the release of household consumption potential; Promote the transformation of the first structure and accelerate the integrated development of domestic and foreign trade; The national greenhouse gas voluntary emission reduction trading market was launched to help the industry ...... "going green".

To anchor high quality, we must make efforts at key points

On the first working day of 2024, in Fujian, the National Development and Reform Commission held a conference on innovative development "Jinjiang Experience" to promote the high-quality development of the private economy, attracting a large number of enterprises to participate.

On the same day, Nanjing, Jiangsu Province held a conference to promote the high-quality development of the private economy, announcing that it would build an "incubation and cultivation service platform system", "professional technical service platform system" and "science and technology financial service platform system" to support private enterprises to become bigger and stronger.

Sorting out the development tasks of many places and departments in 2024, "promoting the development of the private economy" appears frequently. Meetings were held and measures were implemented, continuing to cultivate the fertile soil for the vigorous growth of the private economy, and striving to boost the confidence of the development of private enterprises.

On January 15, the corporate (corporate) bond market of the Beijing ** Exchange officially opened. This is an important milestone in the development of the Beijing Stock Exchange, which is of great significance for improving the multi-level capital market system and deepening the structural reform of the financial supply side.

The opening ceremony of the corporate (corporate) bond market on the Beijing ** Exchange (taken on January 15, 2024). Xinhua News Agency (photo by Shi Li).

Finance is at the heart of the modern economy. economic prosperity, financial prosperity; The economy is strong, the finance is strong.

On January 16, the general secretary emphasized at the opening ceremony of the special seminar on promoting high-quality financial development for major leading cadres at the provincial and ministerial levels that he should adhere to the idea of a game of chess in economy and finance, conscientiously implement the decisions and arrangements of the financial work conference, and promote high-quality economic and financial development as a whole.

To promote high-quality financial development, consensus is being built and actions are firmer: Strengthen the party's overall leadership over financial work, continue to optimize the financial ecology, effectively improve the quality and efficiency of financial services for the real economy, promote the healthy development of the economy and finance in a virtuous cycle, and take the road of financial development with Chinese characteristics.

After the smooth transition of epidemic prevention and control, economic recovery is a process of wave-like development and tortuous progress.

In the face of many uncertainties, unswervingly promoting high-quality development is the greatest certainty for China's economy, and it is also where the confidence and confidence of China's economy to ride the wind and waves lies.

Towards the new - to shape the new momentum of development in innovation-driven development.

On the first day of the New Year in 2024, with a loud whistle, the first domestically produced large-scale cruise ship "Aida Modu" set off from Shanghai Wusongkou International Cruise Port and started its first commercial voyage.

On January 1, 2024, the first domestically produced large-scale cruise ship "Aida Modu" officially opened its commercial maiden voyage at Shanghai Wusongkou International Cruise Port (drone**) Photo by Xinhua News Agency reporter Ding Ting.

After eight years of scientific research and five years of design and construction, "Aida Modu" marks a comprehensive breakthrough in the field of cruise manufacturing in China, and also imprints the transformation and upgrading of manufacturing in a big country, and the footprint of climbing higher and pursuing new ones.

The international market is changing, and only innovation can win the initiative.

**The general secretary repeatedly emphasized the crucial position of innovation in the overall economic and social development: "It is the general trend and an urgent requirement for high-quality development to open up new fields and new tracks for development and shape new momentum and new advantages for development with scientific and technological innovation. ”

Maintain strategic focus, lead the comprehensive revitalization of the industry with scientific and technological innovation, work together from the top to the bottom, focus on cultivating and stimulating new kinetic energy, and constantly activate the new engine of high-quality development.

Adhere to the guidance of scientific and technological innovation, and accelerate the formation of new quality productivity.

On January 6, China's third-generation independent superconducting quantum computer "Origin Wukong" was put into operation, equipped with a 72-bit independent superconducting quantum chip "Wukong Core", which is currently an advanced programmable and deliverable superconducting quantum computer. In the field of quantum science and technology, which is a major power competition, China has pressed the "fast forward button" for development.

China's third-generation autonomous superconducting quantum computer "Origin Wukong" (photo taken on January 6, 2024). Xinhua News Agency (courtesy of Anhui Provincial Key Laboratory of Quantum Computing Chips).

In September 2023, the general secretary of the first company put forward the important concept of "new quality productivity" for the first time during his inspection and investigation in Heilongjiang. **The Economic Work Conference deploys the economic work in 2024, emphasizing the "development of new quality productivity" and placing "leading the construction of a modern industrial system with scientific and technological innovation" in the first place of the nine key tasks.

Firmly grasp the "bull's nose" of scientific and technological innovation, grow joints, and move towards the new.

On January 20, the first domestic field emission transmission electron microscope TH-F120 was released in Guangzhou. In the field of transmission electron microscopy, which has a very high technical threshold, China has broken the monopoly of foreign technology.

From the first flight of the self-developed AG60E electric aircraft to the successful launch of the 15-18 satellites of the Tianmu-1 meteorological constellation, since the beginning of this year, a major project has come to good news, which is a vivid portrayal of insisting on innovation and long-term success.

At the beginning of the year, all localities will focus on new quality productivity to seek new strategies and make practical moves

Changchun, the old industrial base, focuses on aerospace and applications, high-end medical equipment and innovative drugs, hydrogen energy and new energy storage, and accelerates the construction of a modern industrial system with characteristic advantages;

Anhui, a rookie in the manufacturing industry, will step up the construction of a quantum information future industrial science and technology park to create a highland for future industrial scientific and technological innovation and incubation;

Zhejiang, the innovation highland, is promoting the high-quality development ...... of the "1000000000000000000000000000000000000

The export volume of the "new three" exceeded one trillion yuan for the first time, 178 national high-tech zones are dotted, and a number of manufacturing innovation centers and test verification platforms have become an important force leading and driving industrial scientific and technological innovation. Behind the efforts of the manufacturing industry, the innovation system is constantly improving and the innovation space is constantly expanding.

Only by improving the quality of the industrial system can China's economy be more resilient and stable.

Opening the "Yangtze River Delta Integrated Science and Technology Innovation Cloud Platform", a series of joint research needs come into view, covering many future industries such as synthetic biology and robotic systems for complex industrial scenarios.

The Yangtze River Delta Integrated Science and Technology Innovation Cloud Platform comprehensively sorts out the coordinated development of multiple industrial chains in the Yangtze River Delta (taken on January 10, 2024). Xinhua News Agency.

Enterprises put forward their needs and build a platform to overcome technology and drive applications. Liu Jinyuan, director of the Innovation Service Department of the Shanghai Municipal Science and Technology Commission, said that the three provinces and one city in the Yangtze River Delta have released a total of 48 key unveiling tasks of "enterprise problems", and the number of unveiling units nationwide exceeds 380, and the development of the industrial chain is accelerated with a "innovation list".

At present, the problem of a complete and imprecise industrial system still exists, and it is necessary to identify the key links and weak links and concentrate on tackling key problems.

Promote the high-quality development of key industrial chains in the manufacturing industry. The Ministry of Industry and Information Technology has made it clear that in 2024, it will coordinate and promote key core technology research projects, industrial base reengineering projects and major technical equipment research projects, so as to achieve "turning points into beads and beads into chains".

Greater efforts will be made to reduce the burden on business entities. In 2023, there will be more than 2 new tax cuts and fee reductions and tax refunds and deferrals nationwide2 trillion yuan. In the new year, the finance and taxation departments will implement the structural tax and fee reduction policies, focusing on supporting scientific and technological innovation and the development of the manufacturing industry.

Create a better environment for industrial development. From focusing on breaking down various forms of local protection and market segmentation, to implementing the comprehensive abolition of foreign investment access restrictions in the manufacturing sector, we will continue to deepen reform and focus on improving the quality of the real economy.

It is undeniable that China's economy is still in a critical period of resuming growth, transformation and upgrading, with both opportunities and challenges. However, the huge market and complete industrial system provide strong support and contain countless innovative forces.

Firmly grasp the key task of promoting new industrialization, enhance the ability of industrial scientific and technological innovation, improve the level of advanced manufacturing industry, provide solid support for accelerating the construction of a modern industrial system, and make economic growth momentum more abundant. The head of the Ministry of Industry and Information Technology said.

Benefiting the people - increasing people's livelihood in solving problems and making up for shortcomings.

In Hetian, Xinjiang, in the planting base, red willows are born in the snow and stand proudly.

Red willow can prevent wind and fix sand, and inoculating the roots with cistanche can also bring additional income. Turhong Maitisedi, a large grower in Topaerik Village, Cele Township, Cele County, Hotan Prefecture, has been inoculated with Cistanche in his own field in 2023, earning more than 300,000 yuan a year. "I couldn't have imagined this kind of life before. ”

Development for the people. ** In his New Year's message in 224, the general secretary emphasized: "Our goal is very ambitious and simple, and in the final analysis, it is to let the people live a better life. ”

In 2023, the income of urban and rural residents in China will grow steadily, and the per capita disposable income of residents will increase by 61%, and the investment in people's livelihood has been increasing. In 2024, "effectively protecting and improving people's livelihood" will be listed as one of the key tasks of economic work in the new year.

In late January, Hangzhou, Zhejiang Province ushered in a short period of cooling, but the construction site of Zhegong New Village, located in Gongshu District, was in full swing: the sound of pile drivers came and went, cement mixer trucks kept coming in and out, and excavators waving iron arms to operate in an orderly ......mannerThe entire site is in the pile foundation stage, and it is expected that the piling will be completed before the Spring Festival.

It used to be a dormitory building of Zhejiang University of Technology, with an age of more than 40 years, and the residents have a strong desire to renovate. Through the joint efforts of many parties, the organic renewal (pilot) project of urban dilapidated houses in Zhegong New Village started at the end of last year, and the former dilapidated community is being reborn.

Making people's lives happy is the "great man of the country".

We must take meeting the people's growing needs for a better life as the starting point and end point, and continuously transform the fruits of development into the quality of life......".The important exposition of the general secretary profoundly reveals the value pursuit of promoting high-quality development.

**The "Opinions on Developing the Silver Economy and Improving the Well-being of the Elderly" issued by the General Office was released on January 15, which is the first special document issued by the state to support the development of the silver economy.

From optimizing services such as meal distribution and medicine pick-up, to creating a number of online platforms and offline supermarkets that allow the elderly to consume with confidence and facilitate shopping, to better meet the needs of culture, art, sports, leisure and other needs, the implementation of the opinions will continue to improve the happiness of the elderly.

Staff serve meals to elderly people who come to eat at the Sanyanjing Community Elderly Canteen in Hongqiao Street, Yuexiu District, Guangzhou City, January 17, 2024. Photo by Xinhua News Agency reporter Deng Hua.

"One old and one young" affects hundreds of millions of families and is related to people's livelihood and well-being.

In 2024, we will continue to implement the preferential policies of increasing the special additional deduction standards for individual income tax, namely the "special additional deduction standard for infant and child care under 3 years old", "special additional deduction standard for children's education" and "special additional deduction standard for supporting the elderly". The tax burden is lower and people's disposable income is higher.

Every branch and leaf is always about love. Turning over the 2024 "people's livelihood list" in various places, the measures to promote the sharing of development fruits are heartwarming

Yunnan Zhaotong proposed that special groups such as the extremely poor, orphans, patients with severe mental disorders and "three types of objects" should achieve full coverage of "Zhaotong Huimin Insurance";

Nanping, Fujian Province proposed that enterprises should be given a one-time employment subsidy of 1,500 yuan per person for absorbing employment for enterprises that have registered unemployed for more than half a year;

In 2024, the construction of affordable housing has started, and a number of projects have started in Shanghai, Jinan, Qingdao, Fuzhou, Changsha and other cities.

The upbringing and education of children, the employment and success of young people, and the medical care and pension ...... for the elderlyNone of them is trivial.

Only by entering from the "small incisions" of people's livelihood, doing major development projects and people's livelihood projects to the hearts of the masses, and fighting the battle of people's livelihood security, can we support the "great happiness" of the masses.

Breaking the waves and moving forward - to create new competitive advantages in the construction of a new development pattern.

Since the beginning of the new year, a number of new Sino-foreign cooperation projects have been intensively launched

On January 20, a refrigerated cargo ship loaded with Chilean cherries crossed the ocean and arrived at the Waigaoqiao Pier in Shanghai. This is also the first charter business of the domestic fruit importer Xin Rongmao Group and the global shipping giant Maersk.

Buyers check the quality of cherries imported from Chile at the Haijixing International Agricultural Products Logistics Park in Tianjin (photo taken on January 20, 2024). Photo by Xinhua News Agency reporter Zhao Zishuo.

Recently, Johnson Controls, a multinational company, announced the establishment of a joint venture with Feixuan Technology, a leading local maglev high-speed rotating machinery company, to focus on driving innovation and emission reduction in the HVAC industry.

The delegation of Japanese business circles to China and the delegation of Executive Directors of the World Bank ......Recently, heads of international institutions and multinational companies have visited China to be optimistic about the Chinese market and deepen practical cooperation.

China is one of the fastest-growing markets for Johnson & Johnson's global business and a strategic market for global innovation, and Johnson & Johnson is willing to continue to expand its investment in China. Johnson & Johnson Executive Vice President Wenger said.

The market is the most scarce resource. Only by building a new development pattern and continuously transforming the advantages of the super-large-scale market into competitive advantages can we firmly grasp the initiative for future development.

**The general secretary stressed that the key to building a new development pattern lies in the unimpeded economic cycle. At the ** Economic Work Conference held in December 2023, the ** General Secretary emphasized "enhancing the endogenous power and reliability of the domestic cycle".

At the junction of Shanghai, Jiangsu and Zhejiang, the construction of the Fangting Water Courtyard, a landmark building spanning three provincial-level administrative regions, is advancing. For the integration of the three places, the construction unit only needs to prepare a set of materials, run a department, and stamp a seal.

Focusing on speeding up the construction of a unified national market, there are more pilot trials: Ningxia proposed to fully implement the "one list" management model for market access, Jiangsu deeply implemented the action plan for building a high-standard market system, and Beijing, Tianjin and Hebei studied and formulated a unified local standard ...... for credit supervision of business entities in the Beijing-Tianjin-Hebei region

**The general secretary pointed out that "it is necessary to comprehensively deepen reform and opening up, further boost confidence in development, and enhance economic vitality".

Deeply comprehend the important exposition of the general secretary on comprehensively deepening reform, and be good at using reform ideas and methods to solve various problems in the process of advancement, the road of development will be broader and broader.

Smooth domestic and international dual circulation, and better achieve win-win cooperation in high-level opening-up.

Starting from January 11, foreign nationals who directly transit the border 24 hours a day at hub airports such as Beijing Capital Airport can be exempted from border inspection procedures.

On the same day, the National Immigration Administration officially implemented five measures to facilitate foreigners to come to China to better serve and ensure a high level of opening up.

* When the economic work conference deployed the key tasks of this year, it called for "consolidating the basic market of foreign trade and foreign investment", proposed to "build the brand of 'investing in China'", and emphasized "effectively breaking through the blockages of foreign personnel coming to China for business, study and tourism".

We will give greater autonomy to Pudong New Area in the reform of key areas and key links, and support the promotion of deeper reforms and higher-level opening-up." On January 22, the "Pudong New Area Comprehensive Reform Pilot Implementation Plan (2023-2027)" issued by the General Office of the Communist Party of China and the General Office of the Communist Party of China was released.

Revise the national version of the negative list for foreign investment access, comprehensively cancel the restrictive measures for foreign investment access in the manufacturing sector, do a good job in the "24 articles for stabilizing foreign investment", and earnestly solve the ......problems of cross-border data flow and equal participation in procurementA series of pragmatic measures have made the signal of promoting reform and development through opening up more distinct.

At present, the government and enterprises are working together to expand the market and promote cooperation: Qingdao organizes enterprises to participate in the Frankfurt Home and Commercial Textiles Exhibition in Germany; Wenzhou launched the action of 100 groups and thousands of enterprises to expand the market and increase orders and the first group of the Hong Kong Toys & Games Fair; Siemens Energy supports the Guangzhou Power Supply Bureau in the construction of a green transformation substation ......

Adhering to the principle of opening up to the outside world and achieving mutual benefit and win-win results, China has continuously provided new opportunities and injected new impetus into the development of the world economy.

Mid-January, Davos, Switzerland. At the 2024 Annual Meeting of the World Economic Forum, known as the "vane of the world economy", the topic of "China's opportunities" has attracted the attention of global investors.

Borg Brende, President of the World Economic Forum, said that while global economic uncertainty will persist in the coming years, China, with a huge market of more than 1.4 billion people, "will continue to be an important engine of global economic growth."

The law is rejuvenated, and Vientiane is renewed.

Under the strong leadership of the *** comrade as the core, and under the scientific guidance of the *** economic ideology, we will unswervingly promote high-quality development, and the Chinese economy will not only better benefit hundreds of millions of Chinese, but also continue to enhance the development of the world and write a new chapter of the United States and the United States.

Text reporters: Zou Wei, Han Jie, Zhang Xinxin, Xie Xiyao, Ye Haoming, Pan Jie, Wei Yukun.

*Reporters: Fang Kuan, Gao Ming, Jiang Mingming, He Shan, Aman, He Chunhao, Jia Yuankun, Di Chun, Cheng Ji'an, Yang Zichun, Liu Hai, Zhu Xiaoguang, Li Shuai, Zhang Yuqi, You Zhixi, Huang Anqi, Cen Zhilian, She Ling, Qu Lei (intern).

Poster design: Zhao Danyang.

Editors: Yang Wenrong, Zhang Aifang, Wang Qiuyun, Tang Xing, Hao Xiaojing, Jia Yining, Song Weiwei, Lu Yang, Shi Sisi, Wang Haocheng, Guo Jieyu.

Co-ordinator: He Yuxin, Zhou Yongyi.

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