Core Viewpoint - China's upcoming "two sessions" will reveal its annual GDP growth target and policy arrangements aimed at high-quality development, countering Western forecasts of economic slowdown [1] Economic Growth and Domestic Demand - China is positioned to sustain recovery and steady growth, with a focus on expanding domestic demand through targeted measures [1] - Record highs in Spring Festival holiday box office and travel indicate strong consumption and economic vitality [1] - Plans include large-scale equipment upgrades and consumer goods trade-in programs to further uplift consumption [1] Investment and Private Sector Development - Investment will increase in projects aligned with major national strategies and security capacities [1] - The private sector, contributing over 60% of GDP and 80% of urban employment, is expected to gain momentum, supported by a forthcoming private sector promotion law [1] Technological Innovation - Efforts will focus on developing new productive forces through scientific and technological innovation, with startups like DeepSeek and Unitree Robotics showcasing progress [1] - The AI Plus initiative aims to integrate technology and industry, generating new growth sources [1] Foreign Investment and Global Trade - China is committed to expanding high-standard opening up amid global trade protectionism, with an action plan for stabilizing foreign investment by 2025 [1] - Measures include upgrading pilot free trade zones and expanding programs in telecommunications and medical services [1] Reform and Policy Coordination - This year is crucial for deepening reforms to advance Chinese modernization, optimizing resource allocation and improving the market environment [1] - The central economic work conference emphasized a proactive policy stance and improved policy coordination to navigate domestic and international challenges [1]
China's "two sessions" to offer clear policy signals for high-quality development--China Economic Net