【粤开宏观】2024年地方政府如何推动经济高质量发展？

Group 1: Economic Development Strategies - The 2024 government work reports emphasize strengthening regional core functions and characteristics to support national strategies, with provinces like Chongqing and Sichuan focusing on the Chengdu-Chongqing economic circle[53] - Provinces are prioritizing the development of strategic emerging industries, including integrated circuits, biotechnology, and renewable energy, with Shandong aiming to cultivate around 10 new provincial-level emerging industry clusters[49] - The focus on enhancing technological innovation capabilities is evident, with Tianjin planning to establish a 5 billion yuan innovation fund to support early-stage and hard technology investments[51] Group 2: Real Estate Market Adjustments - The reports highlight the importance of stabilizing the real estate market, with various provinces optimizing policies to support both first-time and improved housing demand, such as Shanghai easing purchase restrictions[70] - New construction targets for affordable housing are generally lower for 2024, with Guangdong, Sichuan, and others planning a total of 566,000 new affordable housing units, a decrease of 32% from 2023[31] - The emphasis on urban village renovations is increasing, with cities like Shanghai and Guangzhou launching multiple projects to improve living conditions and integrate affordable housing[16] Group 3: Debt Risk Management - The reports stress the need for effective debt risk management, with local governments implementing tailored strategies for handling city investment platform debts, as seen in Yunnan's approach of "one policy per debt"[62] - By the end of 2023, local government debt reached 40.74 trillion yuan, with a debt limit of 42.17 trillion yuan, indicating a need for careful management and reduction of hidden debts[35] - Financial institutions are being encouraged to support local governments in refinancing existing debts, with a focus on balancing debt risks and financial stability[74]