Core Viewpoint - The article discusses the key points from the press conference of the 14th National People's Congress, highlighting the importance of the Private Economy Promotion Law and the mutual benefits of China-US economic relations [1][3][5]. Legislative Developments - The draft of the Private Economy Promotion Law was first reviewed by the National People's Congress (NPC) Standing Committee in December last year and has undergone further review recently. This law aims to ensure equal legal protection for various ownership economies and promote fair market competition [3]. - Since the second session of the 14th NPC, the NPC Standing Committee has reviewed 39 legal proposals, passing 24 of them, which includes the formulation of 6 new laws and amendments to 14 existing laws [8]. China-US Economic Relations - The essence of China-US economic relations is mutual benefit, with trade volume increasing over 200 times since the establishment of diplomatic relations. The total bilateral investment stock is approximately $250 billion [5]. - The article emphasizes the need for dialogue and negotiation to resolve differences, while firmly maintaining national sovereignty and development interests [6]. Technological Innovation - The progress of DeepSeek represents the rise of Chinese companies in the AI sector, showcasing China's innovation and inclusivity in technology development. The Chinese government is committed to protecting data privacy and promoting global AI governance [10]. Economic Outlook - Despite facing challenges, the fundamentals of the Chinese economy remain strong, with a resilient foundation and significant potential for long-term growth. The government is actively managing local government debt to ensure sustainable economic development [12][13].

坚持好完善好运行好人民代表大会制度 十四届全国人大三次会议大会发言人娄勤俭说，新时代新征程，要找准人大在推进中国式现 代化中的定位和任务，紧紧围绕党和国家工作大局履职尽责。人大将围绕发展全过程人民民 主，坚持好、完善好、运行好人民代表大会制度，为实现新时代新征程党和人民的奋斗目标 提供坚实制度保障。 3月4日，十四届全国人大三次会议在北京人民大会堂举行新闻发布会。大会发言人娄勤俭就大会议 程和人大工作相关问题回答中外记者提问。图/新华社 2 0 2 4年立法工作取得新进展新成效 十四届全国人大三次会议3月4日1 2时在人民大会堂新闻发布厅举行新闻发布会，由大会发言 人就大会议程和人大工作相关问题回答中外记者提问。 十四届全国人大三次会议会期7天 十四届全国人大三次会议大会发言人娄勤俭说，本次大会3月5日上午开幕，11日下午闭幕， 会期7天。大会议程共有7项，包括审议政府工作报告等6个报告，审议《中华人民共和国全国 人民代表大会和地方各级人民代表大会代表法（修正草案）》的议案。大会的各项准备工作 已全部就绪。 十四届全国人大三次会议大会发言人娄勤俭说，十四届全国人大二次会议以来，全国人大常 委 会 充 分 发 ...

Group 1 - The core viewpoint of the article emphasizes the significance of the draft law on promoting the private economy, which has been reviewed multiple times by the National People's Congress (NPC) [1] - The draft law incorporates the principles of "two unwavering" and promotes "two healthy" into legal norms, reflecting the central government's major policies for the development of the private economy [1] - The upcoming steps involve further revisions of the draft law based on the NPC Standing Committee's reviews and various opinions, aiming for the law to be enacted promptly [1]

Group 1 - The upcoming National People's Congress (NPC) and Chinese People's Political Consultative Conference (CPPCC) will provide a detailed "construction plan" based on the goals set during the Central Economic Work Conference [1] - The focus will be on key economic indicators and development areas, especially as 2025 marks the end of the 14th Five-Year Plan, leading to discussions on the next five-year plan [1] Group 2 - The GDP growth target for 2025 is expected to be around 5%, with suggestions to consider nominal GDP in the target setting [2][4] - The weighted average GDP target for 31 provinces is 5.3%, slightly down from 5.4% in 2024, indicating a cautious outlook [3] - 15 provinces have lowered their economic growth targets, accounting for 31.8% of the national GDP, reflecting a prudent approach to economic forecasting [3] Group 3 - The fiscal deficit rate may be raised to 4%, with an estimated budget deficit of approximately 5.6 trillion yuan, aimed at supporting necessary expenditures and stabilizing growth [5][6] - The focus on promoting domestic demand is crucial, with suggestions for issuing special bonds to support key projects and enhance fiscal capacity [6][7] Group 4 - The emphasis on boosting consumption and expanding domestic demand is highlighted as a key priority, with a need to improve residents' income levels to stimulate consumption [9][10] - The government plans to shift fiscal spending from infrastructure to social welfare, aligning with the goal of enhancing consumer spending [11] Group 5 - Key reforms in fiscal and tax systems, as well as the promotion of the private economy, are anticipated to be addressed in the upcoming meetings [12][13] - The focus on the relationship between effective markets and proactive government intervention is crucial for establishing a balanced economic order [12] Group 6 - The future industries, particularly in technology and digital economy, are being prioritized, with local governments actively engaging in technological advancements [14][15] - New consumption policies are being developed to support innovative consumption patterns, including "AI + consumption" and health-related products [15][16]