中央财办发声，信号很大

Core Viewpoint - The article discusses the outcomes and expectations of China's economic performance as it approaches the end of the 14th Five-Year Plan and the beginning of the 15th, highlighting the resilience and vitality of the economy despite challenges [1][2]. Economic Performance and Outlook - The overall economic operation is stable, with a projected growth rate of around 5% for the year, leading to an economic total of approximately 140 trillion yuan [1]. - The construction of a modern industrial system is progressing, with advancements in technology and innovation, particularly in artificial intelligence, biomedicine, and robotics [1]. - Reforms and opening-up measures are advancing, with a focus on building a unified national market and addressing "involution" competition [2]. - There are positive developments in risk mitigation in key areas, including the orderly replacement of local government hidden debts and the completion of housing delivery tasks [2]. Challenges and Policy Directions - The article identifies ongoing challenges such as external environmental changes, weak domestic demand, and risks in key sectors [2]. - The economic foundation remains strong, with long-term supportive conditions for growth, including the advantages of the socialist system and a large market [3]. - The government plans to implement more proactive macroeconomic policies, maintaining necessary fiscal deficits and debt levels while enhancing the precision and effectiveness of fiscal spending [3][4]. Domestic Demand and Investment - Expanding domestic demand is a top priority, with domestic demand contributing 71% to economic growth in the first three quarters [5]. - The government aims to stimulate consumption by addressing structural changes and enhancing the supply of quality goods and services [5][6]. - Investment is expected to stabilize, with a focus on infrastructure and social welfare projects, while also encouraging private investment in high-tech and service sectors [6]. Technological Innovation and Market Development - The construction of international technology innovation centers in Beijing, Shanghai, and the Guangdong-Hong Kong-Macau Greater Bay Area is emphasized as a strategic move to enhance global competitiveness [7][8]. - The article discusses the need for a unified national market to improve resource allocation and market efficiency, addressing barriers to competition and market entry [9][10]. Trade and Foreign Investment - The government plans to expand high-level opening-up measures, including increasing service sector access and signing more trade agreements [11][12][13]. - Efforts will be made to optimize the business environment for foreign investment, including easing market access and enhancing support for foreign enterprises [13]. Regional Development and Coordination - The article outlines strategies for promoting regional coordinated development, focusing on the collaborative growth of different regions and supporting major economic provinces [14][15][16]. - Emphasis is placed on urban-rural integration and the development of new productive forces tailored to local conditions [15]. Green Transition and Employment - The government is committed to a green transition, with plans to achieve carbon peak and neutrality goals while enhancing the resilience of the energy system [16][17][18]. - Employment policies will focus on stabilizing job growth, particularly for key groups such as graduates and migrant workers, while promoting flexible employment and skills training [19][20]. Real Estate Market Stability - The article discusses the need for a stable real estate market, highlighting the potential for high-quality development despite current challenges [21][22]. - Measures will be taken to support the transformation of real estate companies and to encourage a new development model in the sector [22][23].