Core Viewpoint - The Chinese economy is expected to perform better than anticipated in 2025, with a projected total economic output of around 140 trillion yuan, and policies will be implemented in 2026 to further stimulate growth based on changing circumstances [2][5][17]. Economic Performance - The year 2023 is highlighted as significant for China's modernization, with major economic indicators exceeding expectations, and a projected growth rate of around 5% [4][5]. - China's economic resilience is demonstrated through stable employment, rapid growth in foreign trade, and advancements in modern industrial systems, particularly in AI, biomedicine, and robotics [4][5]. Policy Measures - In 2024, the government will implement incremental policies alongside existing measures to enhance economic stability and growth [6][7]. - A proactive fiscal policy will be maintained, with a focus on sustainable financial practices and enhancing local fiscal capabilities [8][9]. Five Musts for Economic Work - The government emphasizes five essential strategies for economic work: 1. Fully explore economic potential by expanding consumption and investment [11]. 2. Combine policy support with reform innovation to address intertwined economic issues [11]. 3. Balance deregulation with effective management to enhance productivity [11]. 4. Invest in both physical and human capital to promote comprehensive development [12]. 5. Strengthen internal capabilities to face external challenges [13]. Trade and Open Economy - The government plans to deepen the construction of a unified national market and address issues like corporate debt [15]. - There will be a focus on expanding both exports and imports to promote sustainable foreign trade development [15]. Income and Consumption - The government aims to synchronize income growth with economic growth, with initiatives to boost consumer spending and enhance the quality of goods and services [17]. - Policies will be implemented to support flexible employment and improve job quality for key demographics [17]. Green Development - Green development is identified as a cornerstone of high-quality growth, with plans to advance energy construction and carbon emission controls [18].
中央财办韩文秀,重磅发声!
中国基金报·2025-12-13 08:17