How will the Chinese economy be in 2023? How to do economic work in 2024?

The Central Economic Work Conference was held in Beijing from December 11th to 12th. General Secretary Xi Jinping attended the meeting and delivered an important speech, comprehensively summarizing the economic work in 2023, deeply analyzing the current economic situation, systematically deploying the economic work in 2024, and guiding the high-quality development of the Chinese economy.

The meeting proposed the "Five Musts", further deepening the understanding of the regularity of doing a good job in economic work in the new era and inspiring the future. The conference set the tone for economic work in 2024 to "adhere to seeking progress while maintaining stability, promoting stability through progress, and establishing before breaking through", and deployed nine key tasks around promoting high-quality development, reflecting the policy orientation of highlighting key points and grasping key ones.

Among these key tasks, technological innovation plays a crucial role. Interpretation of 'Micro Observation of Current Politics' for you.

△The Central Economic Work Conference will be held in Beijing from December 11th to 12th, 2023. General Secretary Xi Jinping attended the meeting and delivered an important speech.

First mention of 'high-level technological self-reliance and self-improvement' in the overall requirements

Compared with previous Central Economic Work Conferences, "promoting high-level technological self-reliance and self-improvement" has appeared for the first time in the overall requirements of economic work.

Technological self-reliance and self-improvement are inevitable requirements for comprehensively building a socialist modernized strong country; Accelerating the realization of high-level technological self-reliance and self-improvement is the only way to promote high-quality development. Among them, technological innovation is the core, and grasping technological innovation is grasping the bull's nose that affects the overall development of our country.

Technological innovation is an important field for deeply understanding and grasping the relationship between "stability" and "progress". The policies deployed at the conference next year are conducive to stabilizing expectations, growth, and employment, highlighting support for "technological innovation"——

A proactive fiscal policy should 'implement structural tax reduction and fee reduction policies, with a focus on supporting technological innovation and manufacturing development'.

A prudent monetary policy should guide financial institutions to increase their support for technological innovation, green transformation, inclusive small and micro enterprises, digital economy, and other aspects.

We need to enhance the consistency of macro policy orientation. Strengthen the coordination and cooperation of fiscal, monetary, employment, industrial, regional, technological, environmental protection and other policies.

△On July 6, 2023, at the 2023 World Artificial Intelligence Conference, humanoid robots performed the "Thousand Armed Guanyin".

Promote industrial innovation through technological innovation

In line with the goal of promoting high-level technological self-reliance and self-improvement, the first of the nine key tasks for economic work in 2024 deployed at the conference is to "lead the construction of a modern industrial system with technological innovation".

As the world's largest manufacturing country, China has a solid foundation for industrial development. At the same time, it should be noted that some industries are still at the low end of the global value chain, and there are still key core technology bottlenecks.

In May of this year, General Secretary Xi Jinping presided over the first meeting of the 20th Central Committee of Finance and Economics, which emphasized that "accelerating the construction of a modern industrial system supported by the real economy is crucial for us to win strategic initiative in future development and international competition" and "building a complete, advanced, and secure modern industrial system".

Recently, General Secretary Xi Jinping pointed out during his inspection in Shanghai that we should take technological innovation as the guide, strengthen key core technology research and development, promote the transformation and upgrading of traditional industries, accelerate the cultivation of world-class high-end industrial clusters, and accelerate the construction of a modern industrial system.

Expanding the path of industrial innovation through technological innovation will inject new momentum into stable economic growth and reshape new advantages.

△On June 29, 2023, at the Smart Microelectronics Industrial Park in Rizhao High tech Industrial Development Zone, Shandong, staff were producing filters.

Focus on strengthening weak links and deepening the implementation of industrial infrastructure reconstruction projects; Persisting in promoting the transformation and upgrading of traditional industries, vigorously advancing technological transformation and equipment updates... Since the beginning of this year, with the construction of a modern industrial system as the driving force, a series of measures have been taken from the central to local levels to promote economic quality and efficiency improvement.

Developing new quality productive forces and enhancing new driving forces for development

The core of deepening supply side structural reform is to promote industrial innovation through technological innovation, especially to stimulate new industries, models, and driving forces through disruptive and cutting-edge technologies, and to develop new quality productive forces. General Secretary Xi Jinping's speech at this year's Central Economic Work Conference conveyed an important signal to strengthen the deep integration of technological innovation and industrial innovation.

Among them, "new quality productivity" has once again become the focus of people's attention.

In September of this year, General Secretary Xi Jinping first proposed the concept of "new quality productivity" during his inspection in Heilongjiang. General Secretary emphasized the integration of scientific and technological innovation resources, leading the development of strategic emerging industries and future industries, and accelerating the formation of new quality productive forces.

What is' new quality productivity '? The series of deployments at the conference provide dynamic annotations: vigorously developing the digital economy and accelerating the development of artificial intelligence; Developing strategic emerging industries such as biomanufacturing, commercial aerospace, and low altitude economy; Opening up new tracks for future industries such as quantum and life sciences

New quality productivity is different from traditional productivity, involving new fields and high technological content, and relying on innovation driven is the key. Accelerating the formation of new quality productive forces is crucial for the long-term development of the industry.

From January to October this year, investment in China's high-tech manufacturing industry increased by 11.3%, maintaining double-digit growth for 37 consecutive months; As of September this year, the total number of enterprises related to strategic emerging industries has exceeded 2 million, fully playing the role of a new engine for economic development... Modern information technology, artificial intelligence, big data and other technologies are widely applied, and new technologies, new formats and new industries are flourishing.

△On August 9, 2023, in a provincial-level specialized and innovative "Little Giant" enterprise in Taizhou, Zhejiang, staff operated a fully automatic welding machine to produce solar cells.

Next year marks the 75th anniversary of the founding of the People's Republic of China and is a crucial year for achieving the goals and tasks of the 14th Five Year Plan. The blueprint has been drawn, and the top priority for the next step is to be uncompromising, resolute, pragmatic, daring to do good deeds and implement them.

"Seize all favorable opportunities, make use of all favorable conditions, do more when you are right, and do more when you can". On the new journey, we will make new and greater contributions to the great cause of comprehensively promoting the construction of a powerful country and national rejuvenation with Chinese path to modernization based on the actual actions and achievements of high-quality development.