[Focus] See The New Trend Of Economic Work In 2025 From The Meeting Of The Political Bureau Of The Central Committee

　　 On December 9, the Political Bureau of the CPC Central Committee held a meeting to analyze and study the economic work in 2025.

　　 The meeting summarized and analyzed this year's economic work, comprehensively and objectively studied and judged the current economic development situation, and made a series of arrangements for next year's economic work, which will further strengthen the confidence of all parties in development, actively respond to difficult challenges, consolidate and enhance the economic recovery trend, and lay a solid foundation for achieving a good start to the "15th Five Year Plan".

　　 The main goals and tasks of economic and social development this year will be successfully completed

　　 2024 is a key year to achieve the goals and tasks of the 14th Five Year Plan.

　　 Since this year, in the face of a more complex international and domestic environment, the Central Committee of the Party with Comrade Xi Jinping at the core has united and led the whole Party and the people of all ethnic groups in calmly responding and taking comprehensive measures, and the overall economic operation has been stable and progressive. The meeting held that China's economic strength, scientific and technological strength and comprehensive national strength continued to increase. New quality productivity has developed steadily, reform and opening up have continued to deepen, risks in key areas have been resolved orderly and effectively, and people's livelihood has been ensured solidly and effectively. The main goals and tasks of economic and social development throughout the year will be successfully completed.

　　 "Under the complex and severe situation, this year's economic and social development achievements have not come easily, which fully proves the correctness and foresight of the CPC Central Committee's judgment of the situation, decision-making and deployment." Guo Liyan, deputy director of the Institute of Economic Research of the Chinese Academy of Macroeconomics, said that a series of important judgments made at the meeting on this year's economic situation will help further strengthen confidence in development, Better and stable development expectations.

　　 At present, China's development faces many uncertainties and challenges. To do a good job in economic work next year, we must have firm confidence in winning.

　　 "Further comprehensively deepen reform", "expand high-level opening up", "implement more active and promising macro policies", "expand domestic demand", "stabilize the property market and stock market"... For the economic work next year, the Political Bureau of the Central Committee made a series of important arrangements.

　　 "The series of work arrangements made at the meeting adhere to the general tone of seeking progress while maintaining stability, have a clear and pragmatic direction, better coordinate development and security, take into account the current and long-term, and release a strong signal of unswervingly promoting high-quality development." Guo Liyan said that it is necessary to effectively enhance the sense of responsibility and urgency to do a good job in economic work, and accelerate the implementation of a package of incremental policies, We will continue to consolidate the momentum of economic recovery and achieve the goals and tasks of the 14th Five Year Plan with high quality.

　　 Implement more active and promising macro policies

　　 Implement more active fiscal policy and moderately loose monetary policy, enrich and improve the policy toolbox, strengthen unconventional countercyclical adjustment, and play a good policy "combination punch"... The meeting released a clear signal of "more active and promising" for the macro policy orientation next year.

　　 "The implementation of a more proactive and promising macro policy is not only based on the successful experience of previous macro regulation, but also based on the scientific deployment of domestic and international situations." Xu Guangjian, professor of the School of Public Administration of Renmin University of China, said that in view of the more complex domestic and international situations next year, the meeting proposed "strengthening the extraordinary counter cyclical regulation", which is conducive to further improving the forward-looking nature of macro policies, Better guide and boost expectations. 　　

　　 The meeting proposed to implement a more proactive fiscal policy. In this regard, Xu Guangjian believes that next year's fiscal policy will be more active and promising, expanding total demand with necessary spending strength, and boosting domestic demand to hedge external uncertainty.

　　 The statement of "moderately loose monetary policy" at the meeting attracted attention.

　　 "The expression of monetary policy has been changed from" prudent "to" moderately loose ", which means that China will continue to adhere to a supportive monetary policy stance, maintain reasonable and sufficient liquidity, further reduce the comprehensive financing costs of enterprises and residents, and create a good monetary and financial environment to promote the sustained recovery of the economy to a better one." Wen Bin, chief economist of China Minsheng Bank, said, This is more than 10 years later, China's monetary policy is again "moderately loose". In terms of actual operation, monetary policy is flexible and appropriate in implementation. Since this year, the market has generally felt that China's monetary policy has been in a steady and slightly loose state.

　　 Expand domestic demand in an all-round way

　　 Domestic demand, composed of consumption and investment, is an important engine of economic growth.

　　 The meeting proposed that "we should vigorously boost consumption, improve investment efficiency, and expand domestic demand in an all-round way", which not only reflects the consistent requirements, but also further highlights the bright direction of expanding domestic demand.

　　 Since this year, with the expansion of domestic demand for consumer goods, such as trade in of old consumer goods, and the further implementation of consumer policies, China's consumer demand has continued to release. In October, the total retail sales of consumer goods increased by 4.8% year on year, 1.6 percentage points faster than the previous month, the highest monthly growth rate since March.

　　 "At present, we need to continue to consolidate the momentum of consumption recovery, promote the recovery of automobile and household appliances consumption, promote the expansion and quality improvement of digital consumption, experience consumption, cultural and tourism consumption, and constantly release the potential of domestic demand to better meet the needs of the people for a better life." Chen Lifen, a researcher at the Market Economy Research Institute of the Development Research Center of the State Council, said.

　　 Investment is demand in the short term and supply in the medium and long term. Improving investment efficiency is conducive to better expanding domestic demand and benefiting people's livelihood.

　　 "To improve investment efficiency, we should not only maintain reasonable government investment efforts, but also further optimize the investment structure." Xu Guangjian said that we should give full play to the role of government investment in driving social investment, further improve various systems and regulations, and promote the improvement of investment efficiency with refined management.

　　 Create new advantages for industrial development with scientific and technological innovation

　　 The meeting proposed that scientific and technological innovation should lead the development of new quality productivity and build a modern industrial system.

　　 Since this year, China's new quality productivity has developed steadily, and the industrial structure has been continuously optimized: in the first three quarters, the added value of the national high-tech manufacturing industry above designated size has increased by 9.1% year-on-year, the investment in high-tech industry has increased by 10% year-on-year, and the output of optoelectronic devices, virtual reality equipment and other products has maintained double-digit growth

　　 Li Wei, associate researcher of the Institute of Industrial Economics of the Chinese Academy of Social Sciences, said that scientific and technological innovation is the core element of developing new quality productivity. The series of deployment of the conference will further promote the in-depth implementation of the innovation driven development strategy, promote the integrated development of the real economy and the digital economy, advanced manufacturing industry and modern service industry, foster new quality productivity to form more new growth points, and continue to promote the accelerated transformation of new and old drivers.

　　 At the Third Plenary Session of the 20th CPC Central Committee, it was proposed to strengthen the overall planning of innovation resources and force organization, and promote the integrated development of scientific and technological innovation and industrial innovation. The meeting again emphasized "promoting the integrated development of scientific and technological innovation and industrial innovation".

　　 "Scientific and technological innovation is the endogenous power of industrial innovation, and industrial innovation is the realization of the value of scientific and technological innovation. The two are mutual traction and mutual promotion." Li Wei said that promoting the deep integration of scientific and technological innovation and industrial innovation is a systematic project. On the one hand, it is necessary to achieve the breakthrough of key core technologies and promote the improvement of original innovation ability, on the other hand, it is necessary to work hard to improve the system and mechanism, We will strengthen the dominant position of enterprises in scientific and technological innovation, open up channels for the industrialization of science and technology, and vigorously promote the industrialization of scientific and technological achievements.

　　 Rely on Reform and Opening up to Enhance the Endogenous Power of Development

　　 The meeting emphasized "further comprehensively deepening reform and expanding high-level opening up", and released a strong signal of adhering to relying on reform and opening up to enhance the endogenous power of development.

　　 "The Third Plenary Session of the 20th Central Committee of the Communist Party of China made a comprehensive deployment to further comprehensively deepen reform, and determined more than 300 major reform measures. Accelerating the implementation of reform measures is an important part of next year's economic work, and will also inject strong impetus into next year's economic and social development." Dong Yu, executive vice president of the China Development Planning Research Institute of Tsinghua University, said.

　　 The meeting proposed that we should give play to the leading role of economic system reform and promote the implementation of landmark reform measures.

　　 From the idea of accelerating the comprehensive green transformation of economic and social development to the idea of improving the market access system, centering on the relevant deployment of the Third Plenary Session of the 20th CPC Central Committee, the reform documents at the central level have been issued successively. "In accordance with the division of labor plan for the important reform measures in the Decision of the Third Plenary Session of the 20th CPC Central Committee implemented by the central and relevant departments of state organs, some major reform measures will be accelerated next year," said Dong Yu.

　　 Promoting reform and development through opening up is a successful practice of China's reform and development. The meeting proposed to expand high-level opening up, stabilize foreign trade and foreign capital.

　　 Recently, a series of policies and measures on the reform, innovation and development of digital trade and the promotion of stable growth of foreign trade have been introduced. Dong Yu said that it is necessary to strengthen the service guarantee of enterprises, promote the solution of practical difficulties faced by enterprises, and further consolidate the basic market of foreign trade and foreign capital by expanding new paths, new models and new business types.

　　 The meeting proposed to strengthen the implementation of regional strategies and enhance the vitality of regional development. Guo Liyan said that it is necessary to deeply implement major regional strategies, steadily promote institutional opening through the construction of pilot free trade zones, and promote the formation of a new pattern of reform and opening up at a higher level.

　　 Increase efforts to ensure and improve people's livelihood

　　 People's happiness and well-being is the ultimate goal of promoting high-quality development. The meeting pointed out that we should increase efforts to ensure and improve people's livelihood, and enhance people's sense of happiness and security.

　　 "The more complex and severe the economic situation is, the more we need to focus on people's livelihood concerns and secure the bottom line of people's livelihood. At present, we need to take more practical measures to strengthen the social security network, and also create more effective demand through continuous protection and improvement of people's livelihood, so as to inject new momentum into the sustained and healthy development of the economy and society." Long Haibo, a researcher at the Development Research Center of the State Council, said.

　　 The meeting made an important deployment for continuing to consolidate and expand the achievements of poverty alleviation, and stressed the need to "comprehensively promote new urbanization and rural revitalization, and promote the integrated development of urban and rural areas".

　　 "To implement the deployment of the conference, the key is to do everything possible to promote agriculture to increase efficiency, farmers' income and rural vitality, and further improve the urban and rural integrated development system and mechanism," said Long Haibo. 　

　　 Green water and green mountains are natural wealth, economic wealth and social wealth. The meeting stressed that we should work together to promote carbon reduction, pollution reduction and green growth, and accelerate the overall green transformation of economic and social development. Xu Guangjian said that at present, the key is to actively cultivate green and low-carbon industries, vigorously develop advanced manufacturing industries, advocate the concept of green and healthy consumption, and accelerate the formation of green production and lifestyle.

　　 The more critical the moment is, the more we need to unite our efforts and move forward in step. The meeting stressed the need to strengthen the Party's leadership over economic work and ensure that the decisions and arrangements of the Party Central Committee are implemented.

　　 Experts said that under the strong leadership of the Party Central Committee with Comrade Xi Jinping at the core, we have carefully implemented various decisions and arrangements, and fully mobilized the enthusiasm of all sectors. We are fully qualified and able to achieve the economic and social development goals for next year and create a new situation of development.