Nan Fang Du Shi Bao·2025-10-30 07:54Core Viewpoint - The 20th Central Committee's Fourth Plenary Session emphasizes the importance of the "15th Five-Year Plan" period for achieving socialist modernization and outlines the strategic direction for China's economic development amidst global uncertainties [1][4]. Economic Outlook - The session highlights that China's economy is at a stage where strategic opportunities coexist with risks and challenges, stressing the need to face significant tests with a proactive approach [4][5]. - The meeting indicates that achieving a 5% economic growth target for the year is supported by substantial financial measures, including the deployment of nearly 300 billion yuan in policy financial tools and the allocation of 500 billion yuan from local government debt limits [6][5]. Industrial Development - The session places a stronger emphasis on building a modern industrial system, explicitly stating the need to maintain a reasonable proportion of manufacturing [8][7]. - It prioritizes the optimization and upgrading of traditional industries to enhance global competitiveness, while also planning for strategic emerging industries and future industries [8]. Domestic Demand and Market Integration - The session calls for enhancing the internal dynamics and reliability of domestic circulation, with specific measures to stimulate consumption and investment [9][10]. - It emphasizes breaking down barriers to the construction of a unified national market, aiming to eliminate local protectionism and market segmentation [10]. Technological Advancement - The meeting underscores the importance of technological self-reliance and the role of new productive forces, with a focus on accelerating breakthroughs in key technology areas [11]. - It highlights the integration of technology development with digital economy initiatives and the need for coordinated development of education, technology, and talent [11].