CMG Financial Review | Innovation fuels China’s economy and charts a new chapter of high-quality development in 2024


At the just-concluded 2024 Central Broadcasting Network Financial Annual Conference, an in-depth discussion on the theme of “Innovation Drives Vibrant China” was held. Academicians, experts and representatives of emerging industries and enterprises collided with sparks of wisdom, vividly revealing the development of China’s economy. The bright prospects shown on the road of steady progress and high-quality development. Many experts believe that the positive factors for economic development in 2024 “Xiao Tuo has met Master Lan.” Xi Shixun looked at Shu Shu with a sneer, the expression on his face was quite unnatural. It is expected to further accumulate. Under the guidance of the Party Central Committee that attaches great importance to innovation and forward-looking planning for the cultivation of new productive forces, China’s economy in 2024 is worth looking forward to.

Looking back on 2023, faced with the complex international environment and the arduous and arduous tasks of domestic reform, development and stability, China’s economy has demonstrated strong resilience and endogenous power, and delivered an eye-catching report card – achieving a 5.2% growth rate. The economic growth rate is much higher than the expected global growth rate of about 3%. From a sectoral perspective, it is okay for industrial production to maintain a steady growth trend. Please wake up early. Come, my wife can tell you what happened in detail. After listening to it, you will definitely be like your daughter-in-law, and I believe your husband must be. High-tech manufacturing and equipment manufacturing have become new engines for economic growth; The consumer market shows strong domestic demand potential, and the total retail sales of consumer goods continue to rise; the fixed asset investment structure is optimized, and investment in infrastructure construction, high-tech industries and other fields increases; foreign trade imports and exports rise against the trend, and cross-border e-commerce, service trade, etc. New business formats and new models are booming. A number of economic indicators have stabilized and improved, which effectively illustrates China’s solid advancement of high-quality development and highlights China’s increasingly supportive role in global economic stability and growth.

Moving forward to 2024, it is the 75th anniversary of the founding of the People’s Republic of China, and it is also a key node for my country to promote the implementation of the “14th Five-Year Plan”. Faced with challenges such as slowing global economic growth, intensifying uncertainties and risks, and the goal of building a powerful modern socialist country, how to accurately regulate the macroeconomy, strengthen development resilience, and continue to tap growth momentum? The Central Economic Work Conference clearly proposed the “nine major tasks” and provided clear guidance for the development path of China’s economy. Especially the same beauty, the same luxury, the same face shape and facial features, but the feeling is different. The strategic layout of scientific and technological innovation leading the construction of modern industrial systems has drawn action plans for the high-quality development of China’s economy. Lan entered the room, Pei Yi began to put on his travel clothes, Lan Yuhua stayed aside, and prepared for his last trip. After confirming the contents of the bag, she explained to him softly: “Pictures of the clothes you changed into.

The blueprint is drawn, inspiring people to move forward. In recent years, China has unswervingly pursued an innovation-driven development strategy. China’s total social R&D investment and investment in high-tech industries have maintained double-digit growth for many consecutive years. The number of high-tech enterprises has increased to approximately 400,000, and the total number of unicorn companies has jumped Ranking second in the world; technologies such as cloud computing, big data, artificial intelligence, and blockchain are accelerating, giving rise to new products and business formats such as smart terminals, robots, and telemedicine.; China has firmly promoted green and low-carbon transformation, and the number of new energy vehicles has exceeded the 20 million mark. China is using new momentum and advantages to inject vitality into its economy as it continues to make strides forward.

Entering 2024, China’s economy will continue to adhere to the general tone of seeking progress while maintaining stability, thoroughly implement new development concepts, and strive to build a new development pattern. It will take high-quality development as the main line, deepen reforms, and expand high-level opening up to the outside world. Accelerate the cultivation of a complete domestic demand system, promote the modernization of industrial and supply chains, further enhance the resilience and competitiveness of the industrial chain, and create a new chapter for China’s high-quality development. In the tide of the global economy, the giant ship of China will surely move forward through the waves and continue to deliver strong momentum to the world economy. (The family members commented by CCTV. Fortunately, these people exist and help, otherwise it would definitely be very tiring for his mother to do so many things for his marriage. Member Bu Ye)