Using economic system reform to stimulate strong vitality for high-quality development

Develop a topic and focus on reform. Currently, the Chinese economic giant is heading towards a vast ocean that contains strategic opportunities but is also full of uncertain and unpredictable factors. How to set sail and break through the waves, steadily and far ahead on the path of high-quality development? The answer is clear and affirmative: Only reformers advance, only innovators are strong, and only reformers and innovators win. The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China made strategic arrangements for deepening economic system reform, which is not only based on promoting long-term stable and positive macroeconomic operation, but also committed to making thousands of industries and billions of people feel real changes and reap real benefits.

Strive for vitality in the unified national market and continuously stimulate the advantages of the super large scale market. In today's world, the most scarce resource is the market. Based on building a unified large market, connecting production, distribution, circulation, and consumption links, we will further leverage our scale advantages, reduce transaction costs, amplify innovation benefits, provide a broad stage for fair competition for enterprises, and offer consumers more and higher quality choices; It will further enhance the resilience of the national economic circulation system, optimize resource allocation on a larger scale, and form a strong attraction to global factor resources. In recent years, the "four beams and eight pillars" of the unified national market have been basically established, and the role of super large scale markets in gathering resources, expanding domestic demand, and stimulating innovation has been better played. For example, in the Beijing Tianjin Hebei region, more and more companies have changed their registration locations through "one click migration", and cross regional registration is no longer "back and forth" or "multi headed"; For example, in the Yangtze River Delta, the coverage of unreasonable return and exchange services in different stores is becoming wider and wider, making consumers' shopping experience more comfortable. Next, we will formulate regulations for the construction of a unified national market, issue a list of issues that hinder the construction of a unified national market, improve the financial and tax system, statistical accounting system, and evaluation system that are conducive to market unity, promote the orderly flow and efficient allocation of commodity resources on a larger scale, enhance the efficiency of the national economic cycle, accelerate the transformation of China's market from large to strong, and inject surging momentum into strengthening the domestic circulation.

We need vitality to adhere to the "two unwavering" principles and continuously stimulate the endogenous driving force for the development of various business entities. Economic vitality depends on enterprises. We adhere to the "two unwavering" principles, emphasizing the role of state-owned enterprises as the "backbone" in areas related to national security and the lifeline of the national economy, as well as the role of private enterprises as the "driving force" in stabilizing growth, promoting innovation, and increasing employment, achieving the effect of "1+1>2". Of course, we must also be aware that the complex and severe external environment has brought enormous pressure to enterprises to explore the market, and effective domestic demand still needs to be further boosted. Some industries are facing the pain of transformation. But these are all problems in development and transformation. Faced with challenges, we have full confidence and abundant methods. The confidence lies in the strong and powerful leadership of the Central Committee of the Communist Party of China, the vast space for economic growth in our country, and the significant combined effects of a super large market, a complete industrial system, and abundant talent resources. The solution lies in having a complete set of scientifically sound and targeted reform measures and policy toolboxes. Formulating and implementing plans to further deepen the reform of state-owned assets and enterprises, implementing the guidance system for optimizing the layout and structural adjustment of the state-owned economy, improving the supporting laws and policies for promoting the private economy, and establishing a long-term mechanism for private enterprises to participate in major national project construction, will promote the complementarity and development of various forms of ownership, and will inevitably stimulate and protect the endogenous driving force and innovation vitality of various business entities, and transform potential advantages into development advantages.

We need vitality in the market-oriented allocation of factors, and continue to unblock the blood vessels and meridians for high-quality development. Elements are the fundamental 'raw materials' for economic development. Our country's economy is shifting towards a stage of high-quality development, and there is an urgent need to continuously improve total factor productivity through factor marketization reform, promote changes in development quality, efficiency, and driving force. In short, it means that talent mobility will be more free, financial support for the real economy will be more convenient, technological innovation will receive richer returns, the prospects of the digital economy will be broader, and the channel for green power to be "shipped" from western power plants to "signed for" by eastern enterprises will be smoother, and so on. In 2025, the State Council approved the comprehensive reform pilot of market-oriented allocation of factors in 10 regions, which will open up a breakthrough and experimental field for promoting market-oriented reform of factors at the national level. With the deepening of the reform process, the potential of various factors will be more fully tapped and efficiently utilized. The "fuel" supply quality of the development engine will be higher, the combination mode will be richer, and the transaction cost will be lower. The total factor productivity will be further improved, and our development momentum will become stronger. The ladder towards the high-end of the value chain will also be more solid.

Practice has taught us that in order to do a good job in economic work under the new situation, we must adhere to both policy support and reform and innovation, accurately implement strategies to smooth short-term fluctuations, and deepen reforms to achieve long-term empowerment. From the "Ren Du Er Mai" that unclogs the economic cycle, to the "Hope Field" that irrigates business entities, and to the "Source of Active Water" that optimizes factor allocation, taking economic system reform as the driving force to further comprehensively deepen reform will surely transform the enormous potential of China's economy into an unstoppable momentum for high-quality development.