In the first year of the 15th Five Year Plan, it is crucial to do a good job in economic work. The Political Bureau of the Central Committee of the Communist Party of China held a meeting on April 28th to analyze and study the current economic situation and work, emphasizing the need to "strengthen economic work with greater efforts and more practical measures" and "enhance the endogenous driving force of economic development". A series of important deployments were made to further strengthen confidence in development, firmly grasp the initiative of development, and strive to achieve a good start to the 15th Five Year Plan, pointing out the direction for progress. Consolidating the foundation of sustained stability and improvement in the economy. In the first quarter of this year, China's gross domestic product (GDP) grew by 5.0% year-on-year, ranking among the top economies in the world in terms of economic growth rate. The meeting pointed out that "China's economy has made a strong start, with main indicators better than expected, demonstrating strong resilience and vitality. The meeting also pointed out that "the foundation of sustained stability and improvement in the economy needs to be further consolidated" and "we need to enhance confidence and do a good job in economic work with greater efforts and more practical measures". The scientific analysis and judgment of the current economic situation at the conference not only saw the achievements, but also did not avoid the problems. It emphasized the need to effectively carry out economic work and released a clear signal of solidly promoting high-quality development. ”Zhang Linshan, a researcher at the Macroeconomic Research Institute of the National Development and Reform Commission, said. The beginning is related to the overall situation. In the first year of the 15th Five Year Plan, we must firmly grasp the time window, maintain strategic determination, and concentrate on doing our own things well. This will lay a more solid foundation for us to win the initiative, gain advantages, and win the future. The conference made a series of important deployments, including "better coordinating domestic and international situations, coordinating development and security", "resolutely deepening reform and opening up, promoting self-reliance and self-reliance in science and technology, and independent and controllable industrial chains", "continuously expanding domestic demand, optimizing supply, optimizing increment, and revitalizing stock", "focusing on stabilizing employment, enterprises, markets, and expectations". The meeting emphasized the need to adhere to the overall tone of seeking progress while maintaining stability, and put forward clear, precise, and powerful decision-making and deployment directions, taking into account the stimulation of endogenous power and the expansion of external space, reflecting the requirements of 'consolidating the foundation and making comprehensive efforts', aiming to continuously enhance economic resilience, fully unleash economic potential, continuously consolidate and expand the stable and positive trend of the economy, and ensure a good start to the 15th Five Year Plan. ”Li Chengjian, Deputy Minister of the Macro Economic Research Department of the Development Research Center of the State Council, said. Effectively utilizing macroeconomic policies and precise macroeconomic regulation are important means to safeguard the stability and long-term development of the Chinese economy. The meeting emphasized the need to implement more proactive fiscal policies and moderately loose monetary policies accurately and effectively, and to make full use of macroeconomic policies. In terms of fiscal policy, the meeting proposed to continuously optimize the structure of fiscal expenditure and strengthen the bottom line of grassroots "three guarantees". In the first quarter, China's fiscal revenue and expenditure had a good start, with the fastest progress in nearly five years, demonstrating the effective implementation of more proactive fiscal policies. Continuously optimizing the structure of fiscal expenditure and further improving the efficiency of fiscal expenditure will help promote the positive development of the macro economy. ”Yang Zhiyong, President of the Chinese Academy of Fiscal Sciences, said that the conference emphasized the need to strengthen the bottom line of the "three guarantees" at the grassroots level, which will better ensure the stable operation of grassroots finance. Strengthening monetary policy regulation requires grasping the intensity, pace, and timing of policy implementation. The meeting proposed to enhance the forward-looking flexibility and targeted nature of monetary policy, maintain sufficient liquidity, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Tian Xuan, Dean of Guanghua School of Management at Peking University, stated that this series of deployments is an important arrangement for implementing a moderately loose monetary policy. By flexibly and efficiently utilizing various monetary policy tools and maintaining sufficient liquidity, we can create a better monetary and financial environment for achieving a good start to the 15th Five Year Plan. The long-term improvement of macroeconomic fundamentals is a solid support for the stable operation of the RMB exchange rate. ”Tian Xuan said that China adheres to the decisive role of the market in the formation of exchange rates, maintains exchange rate flexibility, and strengthens expectation guidance. The RMB exchange rate is expected to continue to maintain basic stability at a reasonable and balanced level. Deeply tapping into the potential of domestic demand, which is composed of consumption and investment, is the main engine of economic growth. Focusing on deepening the exploration of domestic demand potential, the meeting made a series of deployment arrangements, emphasizing "expanding the supply of high-quality goods and services and promoting consumption upgrading". China's per capita GDP has reached nearly 14000 US dollars, and residents' consumption demand is accelerating its transformation and upgrading from 'whether it exists' to' whether it is good or not '. Advanced technologies such as artificial intelligence are constantly giving birth to new consumption scenarios. In the future, the coordinated efforts from both supply and demand sides to promote consumption upgrading will further unleash the domestic demand potential of the domestic market and enhance development resilience. ”Zou Yinyi, Deputy Director of the Macroeconomic Research Office of the National Information Center of the National Development and Reform Commission, said. In the first quarter of this year, China's service retail sales increased by 5.5% year-on-year, which is 3.3 percentage points higher than the retail sales of goods. With the flourishing of service-oriented and experiential consumption, vigorously developing the service industry has become an important lever for expanding domestic demand. The meeting requires the in-depth implementation of the service industry capacity expansion and quality improvement action. While China's service industry is developing rapidly, it still faces problems such as poor supply structure and insufficient supply of high-end services, "said Pang Chaoran, a researcher at the Research Institute of the Ministry of Commerce. Deepening the implementation of the service industry capacity expansion and quality improvement action, promoting the extension of productive service industry to specialization and high-end value chain, and enhancing the development level of key areas of life service industry such as culture and tourism, elderly care, and childcare will help activate the development potential of the service industry and open up space for domestic demand growth. Expanding domestic demand not only requires boosting consumption, but also deeply tapping into the potential to unleash effective investment. The meeting pointed out that "strengthening the planning and construction of water networks, new power grids, computing power grids, new generation communication networks, urban underground pipelines, logistics networks, etc." and "promoting the commencement of major engineering projects with mature conditions". Dong Yu, Executive Vice President of the China Development Planning Research Institute at Tsinghua University, stated that effectively leveraging the leading role of major engineering projects can actively drive effective investment, while driving industrial upgrading through the construction of new infrastructure, and promoting consumption, achieving a virtuous cycle of stable investment and consumption promotion. Accelerating the construction of a modern industrial system and achieving an overall leap in the industrial system is an important strategic task during the 15th Five Year Plan period. The meeting emphasized the need to accelerate the construction of a modern industrial system and maintain a reasonable proportion of manufacturing industry. "The modern industrial system is the material and technological basis of Chinese path to modernization. To implement the conference deployment, we must adhere to the focus of economic development on the real economy and accelerate the construction of a modern industrial system with advanced manufacturing as the backbone. ”Xin Yongfei, Director of the Policy and Economic Research Institute of the China Academy of Information and Communications Technology, said. Artificial intelligence is an important driving force for building a modern industrial system. The meeting proposed to comprehensively implement the "Artificial Intelligence+" action, develop new forms of intelligent economy, and improve artificial intelligence governance. Currently, we need to deepen the expansion of 'artificial intelligence+', promote the accelerated promotion of new generation intelligent terminals and agents, and cultivate intelligent native new business models. At the same time, we need to coordinate development and security, build a new governance paradigm, and promote artificial intelligence to become a 'strong increment' for high-quality development. ”Xin Yongfei said. The meeting emphasized the need to deepen the construction of a unified national market and thoroughly rectify the "internal competition". Dong Yu stated that deepening the rectification of "internal competition", creating a more fair and dynamic market environment, and guiding enterprise entities to enhance their competitive advantages through technological innovation will help further unleash market vitality and promote industrial transformation and upgrading. Since the beginning of this year, the international situation has remained turbulent, and global energy security is facing severe challenges. China's energy security guarantee is strong and effective, with industrial crude oil and natural gas production above designated size increasing by 1.3% and 3.0% respectively year-on-year in the first quarter. The meeting proposed that the system should respond to external shocks and challenges, and improve the level of energy and resource security. Xin Yongfei stated that based on China's national conditions as a major producer, consumer, and importer of energy in the world, we should coordinate the use of both international and domestic markets and resources, actively promote the high-quality development of the oil and gas industry, ensure safety and supply capabilities in various situations, and focus on enhancing the resilience of China's industrial and supply chains. The more difficult it is to effectively prevent and resolve risks in key areas, the more important it is to coordinate development and security. The meeting made specific arrangements for preventing and resolving risks in key areas. The foundation for the current stabilization of the real estate market is constantly being consolidated, and market confidence is further boosted. The meeting proposed to strive to stabilize the real estate market and solidly promote urban renewal. The stable trend of the real estate market is strengthening, but the differentiation between different cities is still evident, and the foundation for stabilizing still needs to be further consolidated. ”Yu Xiaofen, Dean of the China Institute of Housing and Real Estate at Zhejiang University of Technology, said that the conference has put forward clear arrangements for urban renewal, which will effectively promote the acceleration of the reshaping of old block functions, upgrading of business formats, and revitalization in various regions, continuously activate the endogenous driving force of urban development, and accumulate strong momentum for economic growth. The meeting proposed to orderly resolve the risk of local government debt and focus on solving the problem of overdue corporate accounts. In Yang Zhiyong's view, it is necessary to strictly implement the comprehensive debt plan, resolutely curb the increase of hidden debt in local areas, and build a long-term mechanism for government debt management that is compatible with high-quality development, in order to fundamentally promote the solution of government debt problems. Preventing and controlling risks is an eternal theme in financial work. The meeting proposed to promote the reform of small and medium-sized financial institutions, stabilize and enhance confidence in the capital market. Jiang Jie, Vice Dean of the School of Economics and Business Administration at Beijing Normal University, said that promoting the reform of insurance for small and medium-sized financial institutions is a key measure to prevent and resolve financial risks and enhance the endogenous driving force of economic development. Accelerating the reform and transformation of small and medium-sized financial institutions, deepening the promotion of "reducing and improving quality", will further enhance the quality and efficiency of serving the real economy, and better help unleash economic development vitality. Ensuring and improving people's livelihoods in development, "strengthening education, healthcare, childcare and other livelihood construction," "stabilizing prices of agricultural products such as pigs," "doing a good job in safety production, disaster prevention and reduction, food and drug safety, etc."... The conference series of deployments focuses on ensuring and improving people's livelihoods, releasing a clear signal of enhancing people's well-being in high-quality development. Employment is the foundation of people's livelihood and development. The meeting emphasized the need to strengthen the policy orientation of prioritizing employment. Cui Pengcheng, Director of the Policy Research Department of the Ministry of Human Resources and Social Security, stated that efforts will be made to build an employment friendly development model, launch a stable job expansion and quality improvement action, support labor-intensive industries to stabilize positions, implement job development plans for emerging and future industries, and deepen the promotion of large-scale vocational skills upgrading and training actions to strengthen the training of skilled talents in key areas. The five-year transition period task of consolidating and expanding the achievements of poverty alleviation and effectively connecting with rural revitalization has been successfully completed, and this year is the first year of turning to normalized assistance. The conference deployment is to improve the normalized assistance mechanism to ensure that there is no large-scale return to poverty. We will further improve the normalized monitoring and assistance system to prevent the recurrence of poverty and achieve unified standardization, accurate identification, and dynamic adjustment. At the same time, we will do a good job in classifying and managing the poverty-stricken population who have been registered for poverty alleviation. If there is a risk of returning to poverty without the assistance policy, we will continue to provide assistance. ”Xu Jianmin, Director of the Assistance Department of the Ministry of Agriculture and Rural Affairs, said. Benefiting the people is the greatest achievement. The meeting emphasized the need to carry out in-depth learning and education on establishing and practicing the correct view of political achievements, and to transform the effectiveness of learning and education into practical results in promoting high-quality development. Zhang Linshan stated that the correctness of the view on political achievements directly affects