BEIJING, Dec. 22,
2024 /PRNewswire/ -- A news report
from China.org.cn on China's
annual Central Economic Work Conference:
From China's annual Central
Economic Work Conference held last week, one can see clear targets
and detect the continuity in the rationale behind the country's
economic roadmap for 2025. The tasks listed at the conference are
in line with China's development
needs in the current phase, and can to a degree respond to the
external risks.
Firstly, the meeting urged efforts to vigorously boost
consumption, a top-of-agenda task. Expanding domestic demand is not
only a long-term priority for China, but also a coping strategy for the
tougher challenges faced in exports. China's efforts to stimulate consumption
mainly fall into two categories. For one, enabling its citizens to
have more to spend, by means of increasing income and alleviating
burdens of low- and middle-income groups, and enabling more to
enter the middle-income bracket; meanwhile, China will continue to diversify consumption
scenarios, such as the debut economy, ice and snow economy and
silver economy, for consumers to spend their disposable income.
Secondly, China is determined
to let scientific and technological innovation drive the building
of a modern industrial system, serving as a compass for
China's industrial economy
development. In 2025, China is
going to invest more in technological innovation, and strengthen
studies in basic sciences and key core technologies, to drive
industrial innovation, and furthermore achieve high standards in
sci-tech self-reliance and strength.
Thirdly, China will maintain
its high-level opening-up, and keep foreign trade and foreign
investment stable. The size, quality and good reputation of
China's business with the world
have been ever-growing, and that's because the goal of China is to "make the cake bigger," not "steal
others' shares of cake," let alone "seize the whole cake." To that
end, China has improved the
quality of its exports, explored new investment models, and made
more countries stakeholders along the global value chain;
meanwhile, it has also been ameliorating its market-access
policies, and bettering the treatment of foreign-invested
companies, so that more countries can benefit from the Chinese
market. By November, China has
removed all market access restrictions for foreign investors in the
manufacturing sector, and service sectors including
telecommunication and medical care are also opening their doors
wider at a stable pace.
China shows great willingness
to open up to the world, and boasts a good many partners; at the
same time, the country's economy has a solid foundation with many
advantages, strong resilience and great potential, which means it
possesses robust capacity in coping with pressure and risks.
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SOURCE China.org.cn
