Since the 14th Five Year Plan, China's annual manufacturing added value has exceeded 30 trillion yuan, and it has remained the "leader" in the global manufacturing industry for 15 consecutive years. The output of more than 200 major industrial products ranks first in the world; We have the world's largest R&D team, with 26 of the world's top 100 technology innovation clusters, accounting for the largest proportion in the world, and over 460000 high-tech enterprises; Having the world's largest highway network, high-speed rail network, port network, urban rail transit network, transmission and distribution power grid, broadband network, and having built the world's largest number of 5G base stations... Zheng Zhajie, Director of the National Development and Reform Commission, said at the "High quality Completion of the 14th Five Year Plan" series of themed press conferences held by the State Council Information Office on July 9th: "Nowadays, China's real economy foundation is becoming stronger and stronger, with less and less that cannot be built and better that can be built. It has become the most stable, reliable, and positive force for world development Zheng Zhajie stated that during the 14th Five Year Plan period, China's economic strength has significantly increased, with the total economic output continuously exceeding 110 trillion yuan, 120 trillion yuan, and 130 trillion yuan. This year, it is expected to reach around 140 trillion yuan, with an expected increase of over 35 trillion yuan. The contribution rate to world economic growth has remained at around 30%. We develop new quality productive forces according to local conditions, promote the deep integration of scientific and technological innovation and industrial innovation, accelerate innovation from point breakthroughs to system integration, and constantly produce 'hardcore products'. ”Zheng Zhajie said, "In the past few years, we have independently developed high-performance chips and operating systems, AI models that empower thousands of industries, and robots that can significantly improve production efficiency. Innovation 'momentum' continues to transform into economic 'momentum', and new industries, formats, and business models represented by 'artificial intelligence+' are accelerating their landing and implementation. ”It is reported that by 2024, the added value of China's "three new" economy will exceed 24 trillion yuan, equivalent to the total GDP of Beijing, Shanghai, and Guangdong regions. At the press conference, Yuan Da, Secretary General of the National Development and Reform Commission, described the strong momentum of technological innovation demonstrated during the 14th Five Year Plan period as "five accelerations". One is the accelerated growth of research and development investment. In 2024, the proportion of R&D expenditure in the whole society to GDP will reach 2.68%, and the scale will increase to 3.6 trillion yuan, ranking second in the world. The second is to accelerate breakthroughs in key core technologies. In 2024, the annual output of integrated circuits will increase by 72.6% compared to the end of the 13th Five Year Plan, with an increase of about 190 billion pieces. More and more products will be equipped with "Chinese chips"; New breakthroughs have been made in equipment such as nuclear power, high-speed rail, ships and ocean engineering, and multiple global "firsts" and "firsts" have been created in fields such as artificial intelligence, quantum technology, manned spaceflight, and deep space exploration. The third is the accelerated growth of emerging industries. In 2024, the added value of China's high-tech manufacturing industry will increase by 42% compared to the end of the 13th Five Year Plan period, and the added value of the core digital economy industry will increase by 73.8%, accounting for 10.4% of GDP, an increase of 2.6 percentage points. Fourthly, the vitality of talent innovation is accelerating. The total amount of human resources, scientific and technological human resources and R&D personnel in China ranks first in the world. The number of science, technology, engineering and mathematics graduates exceeds 5 million every year. The fifth is the accelerated formation of a Chinese style innovation ecosystem. Chinese enterprises are actively building and deeply integrating into the open source ecosystem with unprecedented enthusiasm, promoting "two-way empowerment" of technological innovation and application development, and forming a unique global technological development path and innovation ecosystem. China is deeply implementing the "Artificial Intelligence+" initiative, promoting the entry of artificial intelligence into thousands of industries and households, and the deep vertical application of industries has become a distinctive Chinese feature. In the past four years, China has experienced multiple challenges such as drastic changes in the international environment, but the national economy has maintained an average annual growth rate of 5.5%, with domestic demand contributing an average of 86.4% to economic growth. Without a strong domestic market, there can be no stable and positive Chinese economy, "Yuan Da said. It is reported that the trend towards new consumption is a major characteristic of domestic demand. In the past four years, the average contribution rate of final consumption to China's economic growth has reached 56.2%, an increase of 8.6 percentage points compared to the 13th Five Year Plan period. New products, new formats, and new models are constantly emerging in the consumer field. In terms of commodity consumption, artificial intelligence is accelerating its integration into daily production and life, and smartphones, smart homes, smart cars, and other products are widely welcomed by consumers; New products such as 360 degree panoramic motion cameras and AI smart glasses have become popular across the internet; Guofeng China-Chic products have shown a remarkable performance, and the sales of Han suits, cultural and creative products have doubled. The mutual promotion of investment and consumption is another characteristic of domestic demand composition. On the one hand, the expansion of market consumption has driven investment through product production, supporting construction and other channels, such as 5G, smart phones and other consumer demand continues to be strong, driving an average annual growth of 21.9% in investment in the Internet and related service industries in the past four years, and 11.2% in investment in communication equipment manufacturing. On the other hand, the increase in effective investment has promoted residents' employment and income growth through production and other chains, improved their consumption capacity, and directly promoted consumption by improving facilities, optimizing the environment, and improving consumption conditions. For example, by the end of 2024, the total number of charging infrastructure in China had reached 12.818 million units, effectively supporting the large-scale popularization of new energy vehicles. In addition, in response to a reporter's question about the situation of foreign direct investment in China during the 14th Five Year Plan period, Zhou Haibing, Deputy Director of the National Development and Reform Commission, stated that from 2021 to May this year, foreign direct investment in China has accumulated 4.7 trillion yuan, exceeding the total amount during the 13th Five Year Plan period. Since last year, China has carried out pilot opening-up work in fields such as healthcare and value-added telecommunications, and a number of foreign-funded enterprises have begun investing in and operating related businesses. Looking towards the future, China's policy orientation for attracting and utilizing foreign investment is consistent. We will further relax market access and promote the orderly expansion of opening up in related fields, "said Zhou Haibing. (New Society)