Core Viewpoint - The economic performance in the fourth quarter is crucial for achieving annual development goals and ensuring a smooth transition from the 14th Five-Year Plan to the 15th Five-Year Plan [2] Economic Performance - The economy showed a stable growth trend in the first three quarters, with a growth rate of 5.2%, ranking among the top in major global economies [2] - The retail sales of consumer goods increased by 4.5% year-on-year in the first three quarters, but the growth rate dropped to 3% in September, marking a continuous decline for four months [3] - Fixed asset investment decreased by 0.5% year-on-year from January to September, the first decline since September 2020, with private investment down by 3.1% [3] Challenges - The economy faces multiple pressures in the fourth quarter, including high base effects, weak external demand, and insufficient domestic demand [3] - There are significant challenges in the domestic market, such as weak consumer growth and difficulties faced by enterprises, which contribute to a heavy employment stabilization task [3] Policy Measures - The government has implemented more proactive macro policies to stabilize employment, businesses, markets, and expectations, which have effectively supported economic stability [4] - Policies aimed at boosting consumption, such as trade-in programs for consumer goods, have resulted in double-digit growth in retail sales for certain categories [4] - There is a need for greater flexibility and foresight in policy implementation to respond to changing circumstances [4] Support for Enterprises - The government aims to provide targeted support to enterprises facing market demand shortages and operational pressures, emphasizing the importance of a favorable business environment [5] - Policies to promote the development of small and medium-sized enterprises are crucial, as these businesses are significant contributors to employment and economic vitality [5]