Economic Development - The core argument suggests that China's economic growth targets should not be based solely on estimates of "potential economic growth rates" due to considerable uncertainty in these estimates [4][5][6] - The estimation of China's potential economic growth rate varies widely among scholars, ranging from 5% to 8%, and there is a lack of official estimates from authoritative government bodies [5][6] - The article emphasizes the importance of using a trial-and-error approach in setting economic growth targets, advocating for expansionary fiscal policies when indicators such as inflation and employment are low [7] - Long-term factors influencing economic performance should not be used to explain short-term economic changes, as many intermediate factors affect current economic growth [8][9] - Macroeconomic regulation and structural reform are not mutually exclusive; both are necessary to address complex economic issues [10][11] - The article discusses the significance of the "Four Trillion Yuan Stimulus Plan" and its long-term effects on China's economic growth and financial stability [17][18] - It highlights the relationship between monetary policy and real estate regulation, noting that fluctuations in monetary policy often correlate with changes in housing prices [29][31] - The article critiques the belief that inflation is always a monetary phenomenon, presenting evidence of instances where inflation rates did not align with monetary supply growth [22][23][24] - It concludes that the lessons learned from over 20 years of macroeconomic regulation in China emphasize the importance of maintaining growth as a fundamental objective [33]