Multiple national conferences convey important signals for the 2024 economic work!

　　The Central Economic Work Conference made a comprehensive and systematic deployment for economic work in 2024. Recently, the National Development and Reform Work Conference, the National Industry and Information Technology Work Conference, the National Fiscal Work Conference, and the National Housing and Urban-Rural Development Work Conference were held successively, making arrangements for related work in 2024. Here is a summary of these important messages—

　　In 2024, China’s development and reform sector clarifies five major key tasks

　　The National Development and Reform Work Conference was held from December 17 to 18, marking the key points for China’s development and reform sector in 2024.

　　1. Further strengthen economic analysis and policy research to consolidate and enhance the positive trend of economic recovery.

　　Strengthen economic monitoring, forecasting, early warning, and policy pre-research reserves; enhance innovation and coordination of policy tools; increase macro-control efforts; strengthen policy coordination; improve evaluation and supervision; and effectively communicate and interpret economic conditions and policies.

　　2. Further leverage the guiding role of medium- and long-term plans and annual plans to effectively promote the implementation of major national strategic deployments.

　　Advance the implementation of the 14th Five-Year Plan through mid-term evaluation; study and propose the basic ideas for economic and social development during the 15th Five-Year Plan. Prepare and implement annual plans well; actively promote key annual tasks of major strategies such as new urbanization, rural revitalization, and regional coordinated development. Place greater emphasis on the urbanization of agricultural migrant populations; promote coordinated development of new industrialization and urbanization; build a coordinated development pattern of large, medium, and small cities based on city clusters and metropolitan areas; focus on solving the most urgent and prominent safety and resilience issues in urban development.

　　3. Further utilize various funds to strengthen project construction and better play the key role of effective investment.

　　Enhance and efficiently use government investments such as the additional 1 trillion yuan national bonds issued in 2023, central budget investments, and local government special bonds to support transportation infrastructure, energy, agriculture, forestry and water conservancy, regional coordinated development, social undertakings, modern industrial systems, key core technology breakthroughs, new infrastructure, energy conservation and emission reduction, disaster recovery and reconstruction, disaster prevention, mitigation and relief capacity, and safety capacity building, further improving investment precision and effectiveness.

　　Vigorously stimulate private investment; establish a regular project recommendation mechanism for key industries; promote the implementation of new government and social capital cooperation mechanisms; encourage more private capital to participate in major national projects and projects to address weaknesses. Strengthen project planning and reserves; continuously reserve a batch of high-quality projects that benefit both current and long-term development at different levels and fields.

　　At the same time, better coordinate consumption and investment, promote continuous expansion of consumption, cultivate more new consumption formats and hotspots, and form a virtuous cycle of mutual promotion between consumption and investment.

　　4. Further deepen comprehensive reform and strengthen innovation-driven development to continuously stimulate economic development momentum and vitality.

　　Resolutely implement the "two unwavering principles," promote coordinated development of various types of ownership enterprises, focus on key areas and critical links that affect the whole system to advance reform breakthroughs. Accelerate the construction of a unified national market, optimize industrial layout, implement business environment improvement actions, and address prominent issues in investment attraction. Promote the development and growth of the private economy; institutionalize and legalize equal treatment of state-owned and private enterprises; create a supportive environment for private economy development through policies and public opinion; coordinate solutions to problems restricting private economic development both individually and overall.

　　Build a higher-level open economic system; continuously promote the implementation and effectiveness of the outcomes of the 3rd Belt and Road Forum for International Cooperation; consolidate the fundamentals of foreign trade and foreign investment.

　　Accelerate the transformation of old and new growth drivers; deeply implement the national strategic emerging industry cluster development project; cultivate and expand future industries; promote transformation and upgrading of traditional industries; vigorously develop the digital economy; lead the construction of a modern industrial system through technological innovation.

　　5. Further strengthen comprehensive coordination and balance, promote coordinated high-quality development and high-level safety, and advance new achievements in carbon reduction, pollution reduction, greening, and growth.

　　Strengthen security guarantees in food, energy resources, industrial chain supply chain, data, and other fields. Improve people’s well-being in high-quality development; continuously consolidate and expand poverty alleviation achievements.

　　Enhance resource conservation, intensive, cyclical, and efficient utilization; actively and steadily promote carbon peaking and carbon neutrality; do well in dual control of energy consumption; accelerate energy-saving renovations; expand renewable energy consumption; promote the gradual shift from dual control of energy consumption to dual control of carbon emissions.

　　In 2024, the high-quality development action for key manufacturing industry chains will be fully implemented.

　　The National Industry and Information Technology Work Conference was held on December 21, pointing out that in 2024, 12 key tasks will be focused on, including fully promoting stable growth of the industrial economy.

　　1. Fully promote stable growth of the industrial economy. Ensure the implementation and effectiveness of growth stabilization policies; deeply implement the work plans for stabilizing growth in ten major industries; support major industrial provinces to continue to "shoulder the main responsibility."

　　2. Fully implement the high-quality development action for key manufacturing industry chains. Coordinate the advancement of key core technology breakthrough projects, industrial foundation reconstruction projects, and major technical equipment breakthrough projects; strengthen application-driven efforts; accelerate technological breakthroughs and application of results to achieve "turning points into pearls, pearls into chains."

　　3. Enhance industrial scientific and technological innovation capabilities. Vigorously promote deep integration of scientific and technological innovation and industrial innovation; initiate the creation of national new industrialization demonstration zones.

　　4. Accelerate transformation and upgrading of traditional industries. Implement manufacturing technology transformation and upgrading projects; accelerate transformation and upgrading in key industries such as steel, non-ferrous metals, and light industry.

　　5. Consolidate and enhance the leading position of advantageous industries. Support the development of battery swapping models for new energy vehicles; promote high-end applications of rare earths in aerospace, electronic information, new energy, and other fields.

　　6. Accelerate cultivation of emerging industries. Launch pilot programs for intelligent connected vehicle access and road traffic; promote large-scale application of Beidou and development of satellite internet; expand emerging industries such as new energy, new materials, and high-end equipment; issue future industry development action plans.

　　7. Promote high-quality development of the information and communication industry. Advance large-scale deployment of 5G and gigabit optical networks; accelerate layout of intelligent computing facilities; strengthen 6G pre-research.

　　8. Promote green and low-carbon development in industry. Steadily advance carbon reduction in the industrial sector; vigorously develop green and low-carbon industries; comprehensively promote green manufacturing.

　　9. Promote high-quality development of small and medium-sized enterprises. Implement a batch of inclusive support policies; accelerate the construction of a nationwide SME service "one network"; support specialized, refined, distinctive, and innovative enterprises to innovate and develop through multiple channels.

　　10. Optimize the layout of the national defense science and technology industrial system; consolidate and improve the integrated national strategic system and capabilities.

　　11. Support the "Double First-Class" construction of affiliated universities.

　　12. Improve the modernization level of industry governance.

　　In 2024, continue to implement proactive fiscal policies.

　　Moderately increase efforts, improve quality and efficiency.

　　The National Financial Work Conference will be held from December 21 to 22. In 2024, macro policy counter-cyclical and cross-cyclical adjustments will be strengthened, continuing to implement proactive fiscal policies with moderate intensification and quality and efficiency improvement. Moderate intensification mainly involves maintaining appropriate spending intensity to release positive signals; reasonably arranging government investment scale to leverage the driving and amplifying effects; increasing balanced transfer payments to secure the grassroots "three guarantees" bottom line; optimizing and adjusting tax and fee policies to improve precision and targeting. Quality and efficiency improvement mainly focuses on implementing frugality requirements, optimizing fiscal expenditure structure, strengthening performance management, enforcing financial discipline, enhancing fiscal sustainability, and reinforcing policy coordination in six aspects, promoting the legalization, scientific management, standardization, and normalization of fiscal management to achieve greater results with the same amount of money.

　　In 2024, proactive fiscal policies will focus on high-quality development and strive to advance Chinese-style modernization. The key work will focus on eight areas:

　　1. Support accelerating the construction of a modern industrial system. Promote optimization and upgrading of industrial structure, increase support for industrial technological innovation, and support enhancing enterprise competitiveness.

　　2. Support expanding domestic demand. Promote the construction of a unified national market, encourage stable consumption growth, strengthen the management of special bond funds, continue to make good use of additional national debt funds, consolidate the basic foundation of foreign trade and foreign investment, and support strengthening the main driving force of domestic demand.

　　3. Support the deep implementation of the strategy of invigorating the country through science and education. Improve the funding guarantee level for compulsory education, increase inclusive preschool education resources through multiple channels, support improving basic conditions of ordinary high schools in counties, and promote the construction of a high-quality education system. Fully support winning the battle for key core technologies, ensure funding needs for major national science and technology projects, deepen the reform of fiscal science and technology fund allocation and usage mechanisms, and promote high-level scientific and technological self-reliance and strength.

　　4. Support safeguarding and improving people's livelihood. Implement employment-first policies, support enterprises in stabilizing and expanding jobs and individuals in entrepreneurship and employment through multiple channels. Improve the medical and health security system, focus on reducing the burden of medical treatment on the people. Improve the social security system and deeply implement the national unified pension insurance system.

　　5. Support doing a good job in "three rural" work (agriculture, rural areas, and farmers). Increase investment standards for high-standard farmland construction, ensure farmers' grain income, improve reward policies for major grain-producing counties, and enhance grain security capacity.

　　6. Support promoting urban-rural integration and regional coordinated development.

　　7. Support strengthening ecological civilization construction.

　　8. Support expanding high-level opening-up to the outside world.

　　In 2024, real estate market stabilization will be implemented with city-specific policies, one city one policy, and precise measures.

　　The National Housing and Urban-Rural Development Work Conference will be held from December 21 to 22, clarifying key tasks for 2024.

　　In terms of housing and real estate, it is necessary to adhere to the positioning that houses are for living, not for speculation, adapting to the new situation of significant changes in the supply and demand relationship of the real estate market.

　　Stabilize the real estate market by adhering to city-specific policies, one city one policy, and precise measures, meeting rigid and improved housing demands, optimizing real estate policies, continuously ensuring delivery, people's livelihood, and stability, prudently handling risks of real estate enterprises, and cracking down heavily on real estate market order.

　　Build a new model for real estate development, establish a new mechanism linking the elements of "people, housing, land, and money," improve the fundamental system covering the full life cycle of houses from development and construction to maintenance and use, implement the "three major projects" construction, accelerate solving housing problems for new citizens, young people, and migrant workers, and make great efforts to build good houses, creating a new track in the housing field.

　　In urban and rural construction, actively promote urban renewal actions and conduct thorough urban inspections. Study and establish urban design systems, renovate a batch of old urban communities, focus on solving problems such as elevator installation for flat-level access and parking difficulties, build a batch of complete communities, fill gaps in facilities for the elderly and children, strengthen barrier-free environment construction and aging-friendly renovations, and create model projects for child-friendly space construction.

　　In addition, vigorously promote the renovation of urban underground pipe networks, implement urban drainage and flood control capacity improvement projects, deeply advance the construction of urban lifeline safety projects, promote quality and efficiency improvement in urban household waste classification, continuously advance the construction of "pocket parks" and urban greenways, and explore supporting facilities such as parks, public toilets, and waiting areas around primary and secondary schools and kindergartens to provide convenience for parents picking up and dropping off children.