Looking at the resilience and vitality of the Chinese economy from a new perspective to a better one
(I)
To build a modern socialist country in all respects, we must, first and foremost, pursue high-quality development.
Consciously understanding and better following the laws of economic development is an important experience for us to do a good job in economic work.
In the first quarter of the 15th Five Year Plan period, China's gross domestic product (GDP) grew by 5.0% year-on-year, with a significant increase of 0.5 percentage points compared to the fourth quarter of last year. China's economy has made a strong start and high-quality development is moving towards a new and better direction.
In the context of increasing external shocks, the resilience and vitality of the Chinese economy have been further demonstrated, fundamentally due to the leadership of the Party Central Committee with Comrade Xi Jinping at its core, and the guidance of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, especially Xi Jinping's Economic Thought, in new development practices, continuously deepening the understanding of the regularity of economic work, and continuously enhancing the certainty and stability of high-quality development.
This year's "first lesson of the new year", General Secretary Xi Jinping earnestly instructed: "Adhere to starting from reality, acting according to laws, and through scientific decision-making and practical work, create achievements that can withstand the test of practice and history, truly benefit the people, and be recognized by the masses.
The secret to doing a good job in economic work lies in understanding the laws, directions, methods, and wisdom from the innovative theories of the Party, continuously improving the ability to control the socialist market economy.
From the perspectives of strategic foresight, strategic adaptability, and social creativity, we can better decode why the Chinese economy has strong resilience and vitality.
(II)
The certainty of development comes from the foresight of strategy. Why can the Chinese economy always "grow in the baptism of wind and rain, and grow stronger in the test of time"? Accurate strategic judgment and scientific planning enable us to withstand wind and rain and firmly grasp the strategic initiative.
General Secretary Xi Jinping pointed out, "When analyzing the situation, we should not only consider various factors comprehensively, but also be good at grasping some key factors such as the new changes in the international situation, the new round of technological revolution, and industrial transformation
Taking the new development concept as the guide, coordinating the domestic and international situations, balancing development and security, strengthening strategic thinking, maintaining strategic determination, and unifying planning and momentum, planning for the present and planning for the future are the key to the success of the Chinese economy.
Only by understanding the patterns and proactively grasping the impact of changes in the international situation on China, and adjusting and optimizing the economic layout according to the situation, can we seize the opportunity period.
Energy is the food of industry and the lifeline of the national economy.
We need to deepen the energy revolution, promote energy consumption, supply, technology, and institutional reforms, strengthen international cooperation, and accelerate the construction of an energy powerhouse. We need to continue to promote the transformation and upgrading of energy and industrial structure, promote the research and application of green and low-carbon technologies, and accelerate the construction of a new energy system.
Since the beginning of this year, international crude oil prices have fluctuated sharply, while China's energy supply has remained stable and orderly.
From the transformation and upgrading of fossil fuels to the flourishing development of the new energy industry; From increasing oil reserves to tackling the challenge of "artificial sun" scientific research, China's strategic decision to promote energy revolution and stabilize the energy bowl today is based on scientific analysis of the global energy transition trend, China's resource endowment constraints, and technological evolution trajectory.
Transforming trend judgments into actionable and sustainable institutional arrangements and policy supply can enhance the stability of the Chinese economy.
Respecting laws and strengthening the forward-looking and leading layout of basic research fields, cross cutting frontiers, and key areas is the key to seizing the high ground.
As of March this year, the daily average usage of keywords and tones in China has exceeded 140 trillion yuan, an increase of over 40% compared to the end of last year, and there has been a breakthrough in the commercialization and scale application of artificial intelligence.
The end of artificial intelligence is computing power, and the end of computing power is electricity. Our country has set a forward-looking layout for power grid construction with a target of 5 to 10 years. Nowadays, the installed capacity of electricity exceeds the total installed capacity of G7 countries, and the power generation accounts for nearly one-third of the world's total.
In March of this year, Fortune magazine published an article stating that China's "comprehensive advantage combination" in energy, manufacturing, open source ecology, and capital investment is changing the original pattern of global artificial intelligence competition and giving China the potential to become the biggest winner.
Faced with fierce global competition and technological blockade and suppression, China has advanced in the layout of future industries such as quantum technology, brain computer interfaces, and 6G, using institutional advantages to gather innovative forces, and concretizing regular understanding into key capabilities for rich applications and rapid iteration, making the Chinese economy more promising for the future.
To promote Chinese path to modernization, "we should be good at strategic thinking and thinking strategically."
By understanding the laws, making plans before taking action, and grasping the key points, China will ensure the new development pattern with the new security pattern, adhere to the mutual promotion of high-quality development and high-level security, and firmly grasp the strategic and development initiative.
(Ⅲ)
The stability of development depends on the adaptability of strategies and adapting economic work to local conditions.
General Secretary Xi Jinping pointed out, "The 15th Five Year Plan has just begun, and everyone is planning to promote it. We must pay attention to calculating input-output accounts, improve adaptability, and neither ignore shortcomings nor be too ahead of schedule, causing waste
Improving adaptability ", balancing current and long-term needs and capabilities, providing scientific methods for doing a good job in economic work, and reflecting the pragmatic character of Communists.
Building a modern industrial system and achieving an overall leap in the industrial system is an important strategic task during the 15th Five Year Plan period. In the first quarter, the added value of China's manufacturing industry increased by 6.3% year-on-year, contributing 32% to economic growth, demonstrating strong development resilience and risk resistance.
Resilience cannot be achieved without more proactive macro policies, and the continued optimization of the "two new" policies this year is indispensable.
On September 26, 2024, facing downward pressure on the economy, the Political Bureau of the Communist Party of China Central Committee deployed a package of incremental policies, which was hailed as a milestone move in macroeconomic regulation. As of the end of September 2024, the supporting regulations for the "two new" initiatives will be fully implemented.
In recent years, the "two new" policies have been continuously adjusted and optimized, from policy initiation to strengthening and expanding the scope, and then to precise efforts to improve quality and efficiency, achieving a cumulative effect of expanding domestic demand, stabilizing growth, promoting transformation, and benefiting people's livelihoods, reflecting the continuously improving governance efficiency.
Adapting economic work to local conditions tests the understanding of the Party's innovative theories and the execution of promoting high-quality development. This requires us to adhere to systems thinking in order to improve adaptability and achieve optimal solutions.
Take a look at the industry. Enhance the adaptability and balance between supply and demand. Vigorously develop advanced manufacturing industry, lead new supply with new demand, create new demand with new supply, and achieve a higher level of dynamic balance between supply and demand.
Observe a city. To be moderately ahead of schedule, but not too ahead of schedule, to prevent the completion of projects from being 'sunburned' and causing waste, Xiong'an is committed to high-quality construction of the future city. Building modern infrastructure, balancing urgent tasks with long-term achievements, not only avoids waste, but also leaves enough "redundancy".
Plan a game of chess. Various regions have made promoting high-quality and full employment a priority goal for economic and social development, and vigorously cultivated new professions and positions. Improve the mechanism that adapts talent cultivation to the needs of economic and social development, and adhere to the close combination of investment in materials and investment in people.
"Promoting Chinese path to modernization is a systematic project, which requires overall consideration, systematic planning and overall promotion, and correctly handling a series of major relationships."
By following laws, making scientific decisions, and taking practical actions, continuously improving adaptability through implementation, and achieving an overall leap in the industrial system, we will definitely be able to promote a good start in the "15th Five Year Plan".
(IV)
The sustainability of development is rooted in the creativity of all sectors of society. To fully, accurately, and comprehensively implement the new development concept, we must not only firmly implement the tasks set by the Party Central Committee, but also closely integrate with our own reality, enhance work initiative and creativity, and continuously unleash the vitality of innovation and creativity in the whole society.
In creativity lies the dialectical thinking of correctly understanding individuality and commonality. We should not only consciously act in the overall situation and play a game of chess for the whole country, but also adapt to local conditions and develop in a staggered manner.
The 'East Calculation West Calculation' is not only the spatial optimization of resource allocation, but also the systematic reconstruction of the relationship between 'energy computing power industry ecology'.
Actively integrating into the overall development situation, Sichuan utilizes its advantages in hydropower to establish a supply system that integrates multiple computing capabilities; Inner Mongolia has leveraged its expertise in "scenery" and launched the country's first data center green power direct connection source network load storage integration project, vividly demonstrating that "new quality productivity itself is green productivity".
The outline of the 15th Five Year Plan proposes to lead development with the new development concept and develop new quality productive forces according to local conditions. Each region and industry should identify their positioning, adhere to the direction of intelligence, greenness, and integration, leverage their comparative advantages, and form a vivid situation where upstream and downstream industries are interconnected, each developing its own strengths, and working in the same direction.
In creativity, there is also dialectical thinking of seeking progress while maintaining stability. Encourage both "bold exploration and daring to be the first" and emphasize "steady and steady progress, step by step".
Since the beginning of this year, domestic GPU (Graphics Processing Unit) "Four Little Dragons" enterprises have achieved intensive breakthroughs. Bi Ren Technology landed on the Hong Kong Stock Exchange in January, Moore Thread signed a large contract for the Kuai'e Intelligent Computing Cluster worth 660 million yuan in March, and Muxi Group's registered developer users exceeded 300000... Although they are in the same track, each enterprise is exploring its own path to expand into a larger market.
Innovation is active and cannot be achieved without the support of tangible hands. We will improve the new national system, expand and upgrade the three major international science and technology innovation centers in Beijing (Beijing Tianjin Hebei), Shanghai (Yangtze River Delta), and the Guangdong Hong Kong Macao Greater Bay Area, smoothly operate the National Entrepreneurship Investment Guidance Fund and three regional funds, deeply integrate the innovation chain, industry chain, capital chain, and talent chain, and have greater driving force for forward development.
Apple CEO Tim Cook exclaimed at the 2026 Annual Meeting of the China Development Forum that the spirit of innovation is profoundly changing China's manufacturing industry, and the speed of industrial progress is astonishing the world.
The development of China in the new era must be scientific development that follows economic laws, sustainable development that follows natural laws, and inclusive development that follows social laws.
The beginning is related to the overall situation. Grasping the laws, based on reality, fully mobilizing the enthusiasm, initiative, and creativity of the whole society, China's high-quality development has unlimited vitality and a promising future.