**The work report proposes that China's GDP is expected to grow by about 5% this year. "This growth target is consistent with the target for 2023, reflecting the country's determination to maintain stability, consistency and continuity from the management side of policy expectations, stabilize market expectations and strengthen market confidence. Tian Xuan, deputy to the National People's Congress and deputy dean of the PBC School of Finance of Tsinghua University, said.
On the basis of achieving the growth target of China's GDP in 2023, this year's target is still set at about 5%, reflecting the determination of the national level to promote the effective improvement of the quality of the economy and the reasonable growth of the quantity of the 'two-wheel drive', which is in line with the affordability of policy tools and the sustainability of economic development, and reserves sufficient space for promoting the transformation of old and new kinetic energy and coping with the uncertainty of the external environment. Deputy Tian Xuan said.
Representative Tian Xuan believes that from an internal point of view, as the scarring effect brought about by the epidemic gradually fades, the accelerated cultivation of new quality productivity, and a series of policy effects to expand domestic demand and improve confidence have gradually emerged, providing strong momentum support for the realization of various economic goals this year; From an external point of view, the U.S. economic growth will slow down in 2023, and there is a high probability that the interest rate cut cycle will start in 2024, the RMB exchange rate against the US dollar is expected to strengthen, the attractiveness of RMB assets will rise, and the external support force for China's economic development is also significantly stronger.
Focusing on the economic growth target of 5%, the most important thing in 2024 is to stabilize expectations and strengthen confidence. Deputy Tian Xuan said that on the basis of maintaining policy consistency, continuity and stability, it is necessary to focus on seeking quality and efficiency at the reform end, focusing on high-level scientific and technological self-reliance and industrial upgrading, especially in the cultivation of new quality productive forces, further strengthening reform to promote development, and fundamentally solve the structural problems of economic development. (Economic ** reporter Ma Chunyang).