2024 reversal in the eyes of economists!

Mondo Finance Updated on 2024-02-23

China's economy: moving forward steadily to meet new challenges.

The development of China's economy has always attracted much attention. In 2023, GDP grew by 52 This figure shows that China's economy is still maintaining a steady growth trend. Will we be able to continue this momentum in 2024? This has become the focus of widespread attention. Recently, a reporter from Beijing Youth Daily conducted an exclusive interview with Li Daokui, dean of the Institute of Chinese Economic Thought and Practice of Tsinghua University, and he looked forward to future economic development.

Li Daokui said that although some people are pessimistic about China's economy, the reality is that China is still a growing economy with huge development potential. From both the demand and supply perspectives, China's economy has a solid foundation. Factors such as urbanization, population transfer, and rising household income will continue to drive the growth of consumer demand. The advantages of high national savings rate and strong scientific and technological innovation ability provide support for continuous investment. As a result, he is optimistic about the growth rate of China's economy in the coming years, with potential growth expected to remain above 5%.

However, to achieve this growth rate, the key lies in the adjustment and implementation of policies. Li Daokui pointed out that the ** Economic Work Conference in December 2023 put forward the development idea of "seeking progress while maintaining stability, promoting stability with progress, and establishing first and then breaking down", which provided clear guidance for the formulation of future macro policies. This year's macro policy focus will be on the implementation of this development strategy, with a special emphasis on the balance between high-quality development and stable growth. He believes that the implementation of policies needs to be timely and powerful, and at the same time, it is necessary to increase incentives for local governments to promote sustained and healthy economic development.

However, China's economy also faces some long-term problems and risks. Li Daokui believes that the problems that need to be solved are not limited to the challenges brought about by the epidemic, but also include some long-standing institutional problems. He emphasized the impact of social governance norms on economic development, and called for policy balance in adjustment to ensure the sustainability of economic development.

In terms of the real estate market, Li Daokui said that more active regulatory policies are expected to be introduced in 2024 to resolve risks and stabilize the market. He put forward suggestions such as increasing the financing of real estate enterprises and lifting price limits and purchase restrictions, in order to bring the real estate market back on track.

As for **, Li Daokui believes that 2024 is expected to usher in a reversal. He pointed out that the insufficient operating intensity of the real economy is the fundamental reason for the current downturn, and the active implementation of the policy will drive the boost of the real economy, thereby improving expectations and promoting a gradual recovery.

In summary, looking ahead to 2024, China's economy remains dynamic, but it also faces challenges. The active adjustment and implementation of policies will be the key, and only through reasonable policy guidance can we cope with various challenges and achieve sustained and healthy economic development. In this process, we need to think about how to strike a balance between stable growth and high-quality development, and how to better solve long-standing institutional problems.

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