Judging from the 5% growth, we can see the determination and confidence
2025-02-13
The gross domestic product (GDP) grew by 5% year-on-year - by 2024, China's total economic output will exceed 130 trillion yuan for the first time, successfully achieving the main goals and tasks of economic and social development. This is a remarkable achievement. The increase in external pressure and internal difficulties has made it difficult to achieve this 5%. Through this 5%, we can better understand the profound meaning of "we have always grown up in the baptism of wind and rain, and strengthened through trials and tribulations", and also have more reasons to be confident in the present and future of the Chinese economy. (1) This 5% was achieved through overcoming difficulties and forging ahead. We have guided all levels and all aspects to correctly grasp favorable conditions and unfavorable factors, maintained strategic determination, and enhanced confidence in victory This is a profound summary of the 'critical year'. Looking outward, the global economic recovery is weak, geopolitical conflicts and international trade frictions are frequent, and the suppression and containment of China are intensifying; Looking inward, there is a lack of effective domestic demand, economic differentiation, and pains in the transition from old to new driving forces. To seek development in such a more unstable and uncertain world, while also overcoming the difficulties brought about by structural adjustment, the challenges and difficulties are enormous, which can be imagined. In the '5%', there is a reasonable increase in quantity. This is a rapid growth on a high base. As the world's second-largest economy, maintaining a growth rate of around 5%, its increment is equivalent to a medium-sized economy growing every year. Looking at the growth rate and increment, since 2020, China has successively reached new heights of 100 trillion yuan, 110 trillion yuan, 120 trillion yuan, and 130 trillion yuan, and the Chinese economy has walked very solidly. This is a rapid growth that contributes to global development. The International Monetary Fund predicts that the world economy will grow by 3.2% in 2024, with developed economies growing by 1.8% and emerging markets and developing countries growing by 4.2%. China contributes about 30% to global economic growth and continues to be an important stabilizer and driving force for the world economy. In the '5%', there is a qualitative and effective improvement. Looking at the transformation of momentum, the Chinese economy is "breaking through and developing simultaneously", and developing new quality productive forces according to local conditions. The world's fastest high-speed train CR450 prototype has been released, with a commercial operating speed of up to 400 kilometers per hour; The second domestically produced large cruise ship has been fully connected, which is more than two months shorter than the first one; Qinghai Yangqu Hydropower Station has achieved full capacity operation and power generation, with "one drop of water can generate 11 times of electricity"... From leading the high-tech manufacturing industry, to the annual output of new energy vehicles breaking through 10 million for the first time, and to emerging industries such as low altitude economy thriving, China's economy is accelerating transformation, and the momentum of innovation engines is surging. Looking at economic transformation, the Chinese economy is moving towards green development, and green and low-carbon development is deeply rooted in people's hearts. The green "scarf" covering 3046 kilometers in the Taklamakan Desert system on the northwest border; On the coast of Bohai Sea, the world's largest power level floating wind turbine has been successfully hoisted, and each rotation can meet the electricity demand of a household for 2 to 4 days... It is expected that the energy consumption intensity will decrease by more than 3% in 2024, and the total installed capacity of renewable energy generation will account for more than 50%. A new energy full industry chain system with international competitive advantages will be built, and the green background of China's economy will be more prominent. By firmly grasping the primary task of high-quality development, the Chinese economy has withstood pressure, increased its scale, and improved its quality. (2) This 5% is achieved through resonance between the government and the market. The first quarter started well, but the downward pressure increased in the second and third quarters... In 2024, influenced by various factors, the Chinese economy faced an unfavorable situation of unstable market expectations and confidence, and a decline in the growth rate of major indicators. Accurately assess critical moments and make decisive decisions at important nodes. On September 26, 2024, General Secretary Xi Jinping presided over a meeting of the Central Political Bureau and promptly deployed a package of incremental policies, focusing on promoting economic stability, structural optimization, and sustained development momentum. The package of incremental policies can be described as' unprecedented 'in terms of intensity, breadth, and depth, and is a landmark event in the history of macroeconomic regulation in China Positive evaluations from all parties. One of the signs is that policy measures are powerful and effective. Macro policies should increase the intensity of countercyclical regulation, with sufficient force and targeted measures; Steadily promoting the "two new" and "two double" initiatives, unleashing consumption potential and stimulating investment vitality; The intensive introduction of policies on land, finance, taxation, and banking has led to positive changes in the stabilization of the real estate market. The synergistic efforts of incremental policies and stock policies have effectively boosted social confidence and steadily improved market expectations, resulting in a significant rebound in major economic indicators in the fourth quarter. According to data from the Ministry of Commerce, the trade in of consumer goods will drive sales of related products exceeding 1.3 trillion yuan in 2024. Among them, over 6.8 million cars have been exchanged for new ones, over 56 million household appliances have been exchanged for new ones, and about 60 million pieces of home decoration, kitchen and bathroom have been renovated. A package of policies that focus on the present and strive to boost confidence; Think more about the long-term and focus on "strengthening muscles and promoting physical fitness". The second sign is that the pace of reform is deepening and solidifying. Nuclear power construction, open to private enterprises; Railway transportation, bidding to private enterprises; Inviting private enterprises to participate in major projects... From the Lufeng nuclear power plant to the Hangzhou Wenzhou high-speed railway and the Shenzhou-19 manned spacecraft launch mission, barriers such as "glass doors" and "revolving doors" targeting private enterprises are gradually being eliminated. Adhere to and implement the "two unwavering" principles, and build a unified national market; Steadily expanding institutional opening up, deepening foreign trade system reform... using reform to promote opening up, using opening up to promote reform, further comprehensively deepening reform and opening up, and continuously enhancing endogenous driving force and development vitality. The third sign is that the open door gets bigger and bigger. From Qiankai to Shanghai "is a globally renowned new air route, paving the way for a new era of land sea transportation in Yala. With nearly 350 international routes connecting more than 200 countries and regions, Shanghai Port's annual container throughput will surpass 50 million TEUs for the first time in 2024, continuing to maintain its position as the world's largest. The "front high, middle low, and back rising" curve, a "V-shaped" curve, records the extraordinary journey of China's economy in 2024, confirming the Party Central Committee's superb wisdom and skilled ability to manage economic work in complex and changing situations. Practice has once again proven that through unremitting efforts, the government and the market can resonate, expectations and confidence can be boosted, and problems in development and transformation will eventually be overcome. (3) This 5% further enhances our confidence and confidence in doing a good job in economic work. The year when the 14th Five Year Plan comes to an end is also an important year for further comprehensive deepening of reforms. Insufficient domestic demand, difficulties in production and operation of some enterprises, and still many risks and hidden dangers are new challenges facing the Chinese economy. From "expanding domestic demand in all aspects" to "leading the development of new quality productive forces with technological innovation", from "promoting the implementation and effectiveness of landmark reform measures" to "expanding high-level opening up to the outside world"... The Central Economic Work Conference has made systematic deployments and implemented "more proactive" policy measures one by one, preparing sufficient "tools" to cope with external environmental uncertainty challenges, providing "prescriptions" for the pressure of transforming old and new driving forces, and providing strong support for promoting sustained economic growth. We must cherish the long-term stable fundamentals - after more than 40 years of sustained and rapid development, the Chinese economy has entered a stage of high-quality development. With the scale advantage and market advantage of a major country's economy, the increasing talent advantage and innovation advantage, the vast incremental space for demand upgrading, structural upgrading, and kinetic energy upgrading, the institutional advantage of the Party's leadership and the socialist market economy system, the supporting conditions and basic trend for the long-term improvement of the Chinese economy have not changed. We must cherish the new opportunities faced by development - the accelerated evolution of a new round of technological revolution and industrial transformation, bringing new opportunities for the world's largest manufacturing country to upgrade its technology and revitalize its industry; The trend of globalization has not changed, and the super large scale market and complete industrial system have nurtured a broad demand for economic and trade cooperation; The high-quality joint construction of the "the Belt and Road" has been solidly promoted, bringing new opportunities for strengthening open cooperation and broadening development space... Seizing the opportunities and taking advantage of the momentum can actively shape the favorable external environment for me. Firmly maintain confidence, and take action first. Promoting consumption and benefiting people's livelihoods, the "two new" policies are being strengthened and expanded; Establishing mechanisms, optimizing the environment, issuing guidelines for the construction of a unified national market, and issuing the "Opinions on Strictly Regulating Administrative Inspections of Enterprises"... A series of policy measures are being implemented intensively, forming a strong synergy to jointly promote high-quality development. Early as possible, seize the opportunity and implement it. In Zhejiang, the "Thousand Groups, Ten Thousand Enterprises Expand Market and Increase Orders" campaign will be launched, and more than 1000 groups will be organized throughout the year to explore international markets; Hubei, the 2025 Wuhan New Year consumption season is in full swing, with over 100 million yuan worth of consumption vouchers distributed... Various regions are making every effort to boost the economy and focus on high-quality development. The beginning of a new era, everything is updated. The footsteps of countless workers, builders, and entrepreneurs forging ahead have instilled confidence in the stable and far-reaching development of the Chinese economy. Embrace difficulties and strive to make progress, striving to transform positive factors from all aspects into development achievements. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:People's Daily
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