Core Insights - The article emphasizes the internal logic behind China's long-term stable economic development, highlighting the role of the Communist Party's leadership and strategic planning [2][3][4]. Group 1: Economic Achievements - Since the establishment of New China and particularly after the reform and opening-up, China's GDP has grown from 367.9 billion yuan in 1978 to an expected 134.9 trillion yuan in 2024, averaging an annual growth rate of 8.8%, significantly higher than the global average of about 3% during the same period [2]. - During the 14th Five-Year Plan period, China's GDP surpassed 100 trillion yuan in 2020 and is projected to reach 140 trillion yuan this year [2]. Group 2: Leadership and Governance - The leadership of the Communist Party provides a fundamental guarantee for economic and social development through top-level design, overall layout, and effective coordination [2][3]. - The Party's long-term governance avoids the policy shortsightedness seen in Western multi-party systems, serving as a "stability anchor" for China's economic development [2]. Group 3: Theoretical Framework - The continuous innovation of the theoretical system provides a scientific guide for economic and social development, with Xi Jinping's economic thought introducing new concepts such as "new development concepts" and "new development patterns" [3]. - The integration of traditional socialist models with contemporary practices has led to a unique economic development path [3]. Group 4: People-Centric Development - The focus on a people-centered development philosophy has led to significant improvements in living standards, with nearly 100 million people lifted out of poverty and the establishment of the world's largest social security system [4]. - The alignment of national development goals with the aspirations of the populace has strengthened public trust and support for the government [4]. Group 5: Market Economy and Innovation - The combination of socialism with a market economy has injected continuous vitality into China's economic development, with reforms focusing on the relationship between government and market [5]. - The establishment of a high-level socialist market economy has optimized resource allocation and maximized efficiency, driving high-quality economic growth [5]. Group 6: Market Size and Innovation - China's vast domestic market, with over 1.4 billion people and more than 400 million middle-income individuals, creates significant potential for innovation and economic growth [6]. - The interaction between supply and demand has lowered innovation costs and accelerated technological advancements, meeting the evolving needs of the population [6].

Economic Growth and Achievements - Since the establishment of New China and especially after the reform and opening up, China's economic development has been remarkable, with GDP growing from 367.9 billion yuan in 1978 to an expected 140 trillion yuan in 2024, averaging an annual growth rate of 8.8%, significantly higher than the global average of about 3% during the same period [1] - During the 14th Five-Year Plan period, China's GDP surpassed 100 trillion yuan in 2020 and has since crossed the thresholds of 110 trillion, 120 trillion, and 130 trillion yuan, with projections to reach 140 trillion yuan this year [1] Leadership and Governance - The leadership of the Communist Party of China (CPC) provides fundamental guarantees for economic and social development through top-level design, overall layout, coordination, and implementation [1] - The CPC's long-term governance avoids policy shortsightedness and instability seen in multi-party systems, serving as a "stability anchor" for China's economic development [1] Theoretical Framework and Innovation - The CPC continuously innovates its theoretical framework to provide scientific guidance for economic and social development, adhering to the principles of "liberating thoughts, seeking truth from facts, and maintaining integrity while innovating" [2] - Xi Jinping's economic thought introduces new concepts such as "new development concepts" and "new development patterns," which build upon traditional socialist models while surpassing Western development models [2] Strategic Planning and Macroeconomic Control - China employs medium- and long-term strategic planning to guide economic and social development, ensuring effective allocation of resources across cycles [2] - The country emphasizes improving macroeconomic control systems and enhancing counter-cyclical adjustments to maintain economic stability and confidence [2] People-Centric Development - The focus on a people-centered development approach has led to significant improvements in living standards, with nearly 100 million people lifted out of poverty and the establishment of the world's largest social security system [3] - The alignment of national development goals with the aspirations of the populace has strengthened public trust and support for the government [3] Market Economy and Production Relations - The integration of socialism with a market economy has been a significant achievement of the CPC, promoting effective market mechanisms alongside proactive government involvement [4] - Recent efforts have been made to optimize production relations to align with new productive forces, enhancing resource allocation efficiency and driving high-quality economic development [4] Innovation and Market Potential - China's vast domestic market, with over 1.4 billion people and a growing middle-income group, creates a robust environment for innovation and economic growth [5] - The country has made breakthroughs in emerging industries such as artificial intelligence, 5G, new energy, and biomedicine, fostering a positive interaction between supply and demand that accelerates technological advancement [5] Conclusion - The long-term stable development of China's economy is a result of strong leadership from the CPC and the synergistic interaction of various factors, forming a powerful collective force [5]