Reference News Network, December 23 report: The European "Modern Diplomacy" website published an article titled "How the 2025 Central Economic Work Conference Will Lead China's Economic Development" on December 21. The author is Nadia Helmy, associate professor of the Department of Political Science at the Faculty of Political Economy, Beni Suef University in Egypt. The following is a compilation of the article:
The Central Economic Work Conference of China was held in Beijing from December 10 to 11, conducting a comprehensive discussion on various expected reforms in the national economic structure. This conference is closely related to China's development, clarifying the agenda for national economic work and establishing key tasks for sustainable development. This task focuses on cutting-edge technologies such as artificial intelligence and renewable energy, promoting the upgrading of China's economy from traditional manufacturing to high-end industries. The conference aims to ensure stable economic growth, overcome existing challenges, and ensure a good start and solid foundation for the "14th Five-Year Plan," fully demonstrating China's development vision.
The conference pointed out that the "13th Five-Year Plan" will be completed successfully, and the main goals for economic and social development in 2025 will be fully accomplished.
The importance of this conference lies in the fact that it not only objectively assesses the current state of China's economic development but also establishes a strategic guidance framework for the work of the government, the market, and relevant institutions.
Currently, it is a critical juncture for the completion of the "13th Five-Year Plan" and the beginning of the "14th Five-Year Plan." In a complex and changing international environment, this conference has significant importance in clarifying the direction of China's economic growth, consolidating developmental stability, and enhancing confidence in China's economic development both domestically and internationally.
The conference emphasized that we should "adhere to the dominance of domestic demand and build a strong domestic market." On the demand side, this includes "deeply implementing actions to boost consumption" and formulating and implementing plans to increase residents' income; at the same time, it is also necessary to further integrate the production, distribution, circulation, and consumption links on a larger scale, building a virtuous cycle of income growth and improved consumption levels. On the supply side, it is necessary to "expand the supply of high-quality goods and services." By promoting the transformation of manufacturing from single-point breakthroughs to overall improvement, promoting the expansion and quality improvement of the service industry, and accelerating the development of high-end productive services, China is continuously improving the adaptability of its production system to the vast domestic market and its ability to meet global high-quality demands. This will also create greater space for China's economy to achieve structural modernization and technological advancement in the medium to long term, making it an important force driving global economic growth.
The relationship between this Central Economic Work Conference and China's national economic development includes the following points:
Establishing strategic priorities. This conference is not only an annual work deployment meeting but also draws a roadmap for next year's economic development and clarifies the long-term direction of development, providing precise analysis and scientific guidance for China's economy at key stages of development.
Solving current difficulties. The conference focuses on prominent challenges such as slowing domestic consumption, adjustments in the real estate sector, debt risk control, and a complicated trade environment, and seeks solutions to these issues.
Promoting structural transformation. China is striving to move away from reliance on traditional industries and transition toward high-end industries such as electric vehicles, artificial intelligence, and renewable energy to achieve sustainable growth. This has become a core issue of this conference.
Planning for long-term development. This conference lays the foundation for the opening of the "14th Five-Year Plan" and marks an important starting point for China to embark on a new journey of future development.
Therefore, this year's Central Economic Work Conference can be regarded as a strategic engine guiding the future development of China's economy, providing core guidance for responding to current development conditions and achieving future development visions, as well as offering a reliable window for the world to observe China's development.
(Translated by Wu Mei)
Photo taken on November 28 showing the Yangpu Port in Hainan, one of the ten "second-line ports" of the Hainan Free Trade Port. (Xinhua News Agency)
Original source: toutiao.com/article/7586885557876163124/
Disclaimer: This article represents the views of the author.