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【粤开宏观】《二十届三中全会公报》学习体会
Yuekai Securities·2024-07-19 23:30

Group 1: Economic Reform Goals - The 20th Central Committee aims to deepen reforms to stabilize the economy in the short term and stimulate vitality in the long term[10] - The total goal of the 20th Central Committee is to continue improving and developing the socialist system with Chinese characteristics, advancing the modernization of the national governance system and governance capacity[12] - The meeting deployed 14 key reform tasks, emphasizing the need to expand domestic demand and prevent risks in key areas such as real estate and local government debt[11] Group 2: Market Economy and Development - The construction of a high-level socialist market economy system is crucial for Chinese-style modernization, ensuring equal participation of various ownership economies in market competition[19] - By 2035, the goal is to fully establish a high-level socialist market economy system, addressing issues such as insufficient market development and resource allocation efficiency[19] - The focus on high-quality development and new productive forces is essential for achieving economic modernization and revitalizing the economy[21] Group 3: Financial and Fiscal Reforms - The fiscal system reform aims to address short-term fiscal pressures and long-term sustainability, with local government budget expenditures reaching CNY 23.6 trillion, exceeding general public budget revenues of CNY 21.7 trillion in 2023[49] - The macro tax burden in 2023 was 30.2%, a decrease of 5.5 percentage points from 2013, indicating a need for tax system reform to enhance government macro-control capabilities[34] - Financial reforms will focus on improving the capital market's function to better support the real economy, encouraging more high-quality early-stage technology companies to enter the capital market[54]