二十届四中全会会议点评：聚焦高质量发展与科技自立自强，进一步夯实市场中长期预期

Core Insights - The report emphasizes the importance of high-quality development and technological self-reliance as key themes for the upcoming "Fifteen Five" period, building on the achievements of the "Fourteen Five" period [3][4][5] - The "Fifteen Five" period is characterized by a focus on modernizing the industrial system, enhancing technological independence, and fostering new productive forces [6][7] - The report outlines twelve specific goals for the "Fifteen Five" period, prioritizing the construction of a modern industrial system and the promotion of high-level technological self-reliance [7][8] Summary by Sections Achievements of the "Fourteen Five" Period - The "Fourteen Five" period is recognized for significant achievements in economic recovery and high-quality development, laying a solid foundation for future growth [3][4] - The report highlights the advantages of the socialist system in China and the effective leadership of the central government in navigating complex challenges [4] Goals for the "Fifteen Five" Period - The main goals include accelerating the construction of a modern industrial system, enhancing technological self-reliance, and expanding high-level openness [6][7] - The report emphasizes the need for a qualitative improvement in economic performance and a reasonable growth rate, aiming for decisive progress in modernization by 2035 [6] Economic Policy Direction - The report indicates a shift from merely pursuing economic growth to focusing on quality, efficiency, and innovation as the main drivers of development [12] - It stresses the importance of balancing multiple objectives, including growth stabilization, structural adjustment, and risk prevention [12][11] Market Implications - The report suggests that the focus on institutional innovation and high-quality development will provide clearer long-term policy expectations for the market [13] - It anticipates that sectors such as high-end manufacturing, green energy, and the digital economy will benefit from supportive policies and financial resources [14]