2024年《政府工作报告》解读：今年5%的目标更显高质量

Economic Goals - The GDP growth target for 2024 is set at around 5%, with a CPI growth target of approximately 3%, maintaining the same levels as in 2023[6] - The fiscal deficit rate is planned at 3%, with a budget deficit scale of CNY 4.06 trillion, and an increase in new local special bonds to CNY 3.9 trillion, up by CNY 100 billion from last year[3] Fiscal and Monetary Policy - Fiscal policy emphasizes "appropriate strength, quality improvement, and efficiency enhancement," with a focus on stabilizing growth primarily in Q2 and Q3[3] - Monetary policy aims for "flexibility and appropriateness," with expectations for further steady easing in 2024 and potential adjustments in policy rates[3] Structural Policies - Real estate policies will focus on stability, promoting the construction and supply of affordable housing while avoiding strong demand stimulation[7] - Industrial policies will prioritize advancing a modern industrial system and supporting the high-quality development of the digital economy[7] Investment and Consumption - Measures to boost consumption include increasing income, optimizing supply, and reducing restrictive measures, alongside promoting effective investment in technology innovation and new infrastructure[31] - The report highlights the need to enhance the quality and investment value of listed companies to stabilize the capital market, encouraging long-term capital inflows[32]