Core Viewpoint - The article emphasizes the need for China to address the structural imbalance in its economy, particularly focusing on the consumption shortfall, to maintain sustainable economic growth and modernization [3][4][5]. Economic Structure and Growth - China's economic growth has recently exhibited a "strong supply, weak demand" characteristic, where insufficient demand, especially in final consumption, has become a key constraint on economic growth [4][6]. - The article highlights that the structural imbalance in the economy is not only due to short-term factors but also has deeper systemic roots related to the allocation of public resources [4][7]. Consumption Shortfall - The consumption shortfall is identified as a critical issue, with the need to address it from a long-term perspective rather than merely responding to its immediate effects [4][10]. - The article suggests that the consumption rate in China is significantly lower than that of other G20 countries, indicating a structural weakness in consumer spending [24][33]. Policy Recommendations - The article proposes several policy recommendations for the "14th Five-Year Plan" period, including optimizing public resource allocation to enhance household income and stimulate final consumption [14][15]. - It emphasizes the importance of reforming the household registration and land systems to support urban-rural integration and improve consumption capacity [14][15]. Supply-Side Improvements - The article notes that while supply-side capabilities have improved significantly, the persistent weak demand highlights the need for a balanced approach to economic growth [17][19]. - It points out that the recent advancements in industrial technology and productivity must be matched by an increase in domestic consumption to fully realize economic potential [19][20]. Structural Challenges - The article outlines five interconnected contradictions within the demand structure, including the relationship between external and internal demand, and the disparity between government and household consumption [6][39]. - It stresses that the service consumption sector is particularly weak, which further exacerbates the overall consumption shortfall [37][39].