政治局会议解读（2024年4月）：有效落实，乘势而上

Economic Performance - China's economy grew by 5.3% in Q1 2024, significantly exceeding market expectations[7] - Positive factors include effective counter-cyclical policies, resilient external demand, and recovery in domestic consumption[7] Policy Implementation - The meeting emphasized maintaining strong policy support to consolidate economic recovery and avoid fluctuations[8] - Fiscal policy focuses on accelerating financing and ensuring expenditures, with special bond issuance expected to speed up significantly from 18.5% completion in the first four months[10] Key Areas of Development - The Yangtze River Delta region accounted for 24.2% of national GDP in 2023, highlighting its importance as an economic pillar[16] - The meeting called for enhancing integrated development, breaking down administrative barriers, and leveraging regional advantages for deeper cooperation[16] Risk Management - The meeting addressed local government debt risks and emphasized the need for effective risk resolution strategies[15] - Real estate risks were highlighted, with a focus on ensuring housing delivery and optimizing housing policies to manage inventory[22] Future Outlook - The economic growth target for 2024 is expected to exceed 5%, with nominal GDP growth likely to significantly improve from 4.6% in the previous year[19] - Monetary policy will remain flexible, with potential for further reductions in interest rates and reserve requirements to support economic growth[20]