Financial Observation: Macroeconomic policies are in force and the economy continues to improve

As the economy continues to stabilize and improve, and various policies are implemented in the same direction and in a precise manner, China is expected to achieve its growth target of about 5% this year. In the 2024 Government Work Report (hereinafter referred to as the "Report"), it is proposed to strengthen macro policies, actively respond to various risks and challenges, and promote sustained economic development.

Deng Yu, a distinguished researcher at the Shanghai Finance and Development Laboratory, pointed out that China's economy is in a critical period of transformation and upgrading, and various reform measures will further release market vitality, promote the optimization and upgrading of the economic structure, and achieve high-quality development.

Deng Yu said that China's financial market will continue to open up, attract more foreign investment, promote financial innovation and technological innovation, and inject new impetus into economic development. At the same time, the Chinese government will increase its support for the real economy, promote the transformation and upgrading of the manufacturing industry, and improve product quality and competitiveness.

In future development, China will continue to adhere to the overall working philosophy of making progress while maintaining stability, keep the economy operating within a reasonable range, stabilize market expectations, promote employment growth, and achieve sustained economic improvement.

Overall, China's economy is in a stage of steady and positive development, and various policies and measures will provide strong support for economic growth. It is believed that with the joint efforts of the whole society, China's economy will usher in a more prosperous tomorrow.