Expand domestic demand as a whole and deepen supply-side structural reform.
At this year’s National People’s Congress, the General Secretary of the Supreme Leader pointed out during the deliberation of the Jiangsu delegation: "We must plan major measures to further comprehensively deepen reform and continuously inject strong impetus into promoting high-quality development and promoting Chinese-style modernization."
The Report on the Work of the Government puts forward: "Make overall plans to expand domestic demand and deepen supply-side structural reform" and "organically combine the implementation of the strategy of expanding domestic demand with deepening supply-side structural reform, better coordinate consumption and investment, and enhance the pulling effect on economic growth".
All localities and departments thoroughly implement the spirit of the important speech of the Supreme Leader General Secretary and the spirit of the two sessions of the National People’s Congress, vigorously implement the strategy of expanding domestic demand, and take more effective measures to achieve a virtuous circle of social reproduction. We will continue to deepen the structural reform of the supply side, meet the existing demand with self-controlled and high-quality supply, create and lead new demand, form a higher level of dynamic balance between supply and demand, and promote high-quality development to achieve new and greater results.
Make overall plans to expand domestic demand and optimize supply.
The General Secretary of the Supreme Leader pointed out: "We should make overall plans to promote the expansion of domestic demand and optimize supply, break through the breakpoints of combining the two, and give play to the advantages of super-large-scale market and strong production capacity."
The "Government Work Report" puts forward: "Focus on expanding domestic demand and promoting a virtuous circle of the economy."
On March 30th, Moby Dick Theater in Harbin Polar Park, Heilongjiang Province was full of audience. "Since the beginning of this year, the number of tourists received has increased significantly year-on-year, maintaining more than 10,000 person-times for several consecutive days." Zhang Jiwei, head of the park brand marketing center, said.
Supply and demand are two sides of economic development. All regions and departments make overall plans and make concerted efforts, organically combine the implementation of the strategy of expanding domestic demand with deepening the structural reform on the supply side, help expand domestic demand through the structural reform on the supply side, and continuously optimize supply based on demand expansion and upgrading.
Give full play to the demand advantage of ultra-large-scale market — —
Spring is blooming, and the home appliance market is welcoming the peak consumption season. On March 30th, in a home appliance store in Haidian District, Beijing, consumer Li Yi used the trade-in service to order an energy-saving air conditioner, which not only enjoyed the convenience of professional door-to-door disassembly, but also got the 300 yuan deduction, which was convenient and affordable.
The consumption market of household appliances is huge. In 2023, the total retail sales of household appliances and audio-visual equipment above designated size reached 871.9 billion yuan. The State Council recently released the Action Plan to Promote Large-scale Equipment Renewal and Trade-in of Consumer Goods, proposing that by 2027, the recycling of used household appliances will increase by 30% compared with 2023. All localities and departments actively support home appliance sales enterprises, production enterprises and recycling enterprises to jointly carry out trade-in promotion activities, set up online and offline trade-in areas and give preferential treatment to consumers who buy energy-saving home appliances to stimulate greater potential of home appliance consumption.
Give full play to the supply advantage of strong production capacity — —
On March 28th, in the automatic production line of Shandong Linqing Xinsen Machinery Co., Ltd., the intelligent manufacturing equipment independently developed by the enterprise was running at a high speed and orderly. "We focus on the manufacturing industry, focus on projects, strengthen industries, provide excellent services, promote upgrading, promote the manufacturing industry to extend, supplement and strengthen chains, and constantly shape new kinetic energy and new advantages for development." Chang Chaofu, secretary of the Party Working Committee and director of the Management Committee of Linqing Economic Development Zone, said.
Industrial innovation ran out of acceleration. 1— In February, China’s investment in high-tech industries increased by 9.4% year-on-year, of which investment in high-tech manufacturing and high-tech service industries increased by 10.0% and 7.8% respectively. In high-tech manufacturing, the investment in information chemicals manufacturing, aviation, spacecraft and equipment manufacturing increased by 43.2% and 33.1% respectively; In the high-tech service industry, the investment in professional technical service industry and information service industry increased by 36.2% and 16.1% respectively.
Wang Yiming, vice chairman of China Center for International Economic Exchanges, said that China has a population of more than 1.4 billion and a middle-income group of more than 400 million. The income level and consumption level of residents have been continuously improved, and new industrialization and urbanization have been continuously promoted. It is the most potential super-large market in the world. It is necessary to promote the expansion of domestic demand and optimize supply as a whole, and give full play to the remarkable advantages of scale economy, innovation and development and impact resistance brought by the ultra-large domestic market to China’s economic development.
Adhere to the strategic basis of expanding domestic demand
General Secretary of the Supreme Leader stressed: "To build a new development pattern, we must adhere to the strategic basis of expanding domestic demand, so that production, distribution, circulation and consumption rely more on the domestic market and form a virtuous circle of the national economy."
The "Government Work Report" proposes to "promote the steady growth of consumption" and "actively expand effective investment".
"Charging is much more convenient, and it is more reassuring to buy new energy vehicles." On March 29th, Theway, a citizen who experienced the fast charging service, said at the Hong Kong New Energy Vehicle Charging Station in Wutong Street, Tongxiang City, Jiaxing City, Zhejiang Province. According to the staff of State Grid Jiaxing Power Supply Company, the charging station was put into use not long ago, which can satisfy the charging of more than 90 new energy vehicles at the same time, provide citizens with faster and more convenient charging services, and help green transportation and new energy vehicle consumption.
Consumption continues to be hot and production is busy. On April 1st, in the workshop of Zhongke Yibo (Dezhou) New Energy Technology Co., Ltd. in Qingyun County, Dezhou, Shandong Province, rows of sodium ion power batteries were transported on the assembly line. Li Chao, the general manager of the company, said that the four production lines are "fully fired" and the workers are working at full capacity. It is estimated that the sales in the first quarter will reach 80% of the sales in the whole year last year.
Demand pulls supply, and supply creates demand. All localities and departments exert their efforts from both supply and demand, give full play to the advantages of ultra-large-scale market and strong production capacity, accelerate the construction of a new development pattern, and push high-quality development to a new level.
Promote accurate consumption — —
"At the peak of the spring tour season, we are welcoming the peak of booking." On March 31st, Huang Fang, the head of Tianmu Mountain Residence in Shangshitang, ru ao, Xinchang County, Shaoxing, Zhejiang Province, was busy receiving guests after guests. Around Tianmu Mountain, ru ao explores the local characteristic culture, creates a richer tourism experience, and stimulates the cultural tourism consumption to be more energetic.
The National Online New Year Festival, the time-honored carnival, the Beijing-Tianjin-Hebei Consumer Season jointly organized by Beijing, Tianjin and Hebei, and the "33 Consumer Festival" with strong national characteristics held in Guangxi & HELIP; … All localities and departments have accelerated the creation of new consumption scenarios, new formats and new models, launched various consumption promotion activities, optimized and improved the consumption environment, and further consolidated the "main engine" role of consumption in economic growth.
"We will do a good job in implementing various policies, stimulate potential consumption, and promote consumption to shift from post-epidemic recovery to continuous expansion, providing strong support for consolidating and enhancing the economic recovery to a good situation and better meeting the needs of people’s better life." Xu Xingfeng, director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said that it will adhere to the "policy+activity" two-wheel drive, highlight key categories and festival seasons, continue to organize colorful consumption promotion activities, foster and expand new consumption, vigorously develop digital consumption, stabilize and expand traditional consumption, promote the expansion of service consumption, optimize the consumption environment, and release greater consumption potential.
Major projects are in full swing — —
On April 1st, the comprehensive management project site of Xinxing Zhawei Bund in Tongguan District, Tongling, Anhui Province was in full swing, which was the first major water conservancy project started this year. "The project feasibility study approved a total investment of 1.01 billion yuan and a total construction period of 21 months. After completion, it will significantly improve the coastal flood control capacity and protect navigation conditions." The relevant person in charge of the Ministry of Water Resources said.
On March 13th, the inner dome ball belt of Tianwan Nuclear Power Unit 8 in Lianyungang, Jiangsu Province was successfully hoisted. At this point, the national key energy project — — Tianwan Nuclear Power Plant No.7 and No.8 have all entered the stage of installation and commissioning, and are expected to be put into operation in 2026 and 2027 respectively. By then, the total installed capacity of Tianwan Nuclear Power Base will exceed 9 million kilowatts, and it can provide clean power of more than 70 billion kWh per year.
The project of diverting water from the Yangtze River to fill the Han River has entered the full-scale construction stage, and the largest wind farm in the ultra-high altitude area in the world has been put into operation. The arch ring of Xiangshuidong aqueduct in Zhanghe Irrigation District of Hubei Province has been successfully turned and closed, and the construction of Pingliang-Qingyang railway in Gansu Province has started. The first land cable crossing project in China has been successfully laid in Zhoushan, Zhejiang Province & HELIP; … A number of major projects are in full swing to refresh the "progress bar", providing solid support for the "good start" of the economy this year.
Actively promote high-end, intelligent and green industries.
The General Secretary of the Supreme Leader pointed out: "All localities should proceed from reality, first establish and then break down, adjust measures to local conditions, and give classified guidance, and selectively promote the development of new industries, new models and new kinetic energy according to local resource endowment, industrial base and scientific research conditions, and transform and upgrade traditional industries with new technologies, and actively promote high-end, intelligent and green industries."
The "Government Work Report" puts forward: "Vigorously promote the construction of a modern industrial system and accelerate the development of new quality productive forces. Give full play to the leading role of innovation, promote industrial innovation with scientific and technological innovation, accelerate the promotion of new industrialization, improve total factor productivity, constantly shape the development of new kinetic energy and new advantages, and promote a new leap in social productivity. "
All localities and departments should intensify innovation, make efforts to fill short boards, draw long boards and forge new boards, cultivate and expand emerging industries, lay out and build future industries ahead of schedule, improve the modern industrial system, and promote the high-end, intelligent and green transformation of traditional industries.
Speed up the optimization and upgrading of industrial chain supply chain — —
On March 27th, the groundbreaking ceremony for the 8th and 6th generation AMOLED production line invested by BOE was held in Chengdu, Sichuan. This production line is the first in China and the second in the world for the 8th and 6th generation AMOLED production line, and it is expected to achieve mass production in 2026. This year, Chengdu plans to implement 510 major industrial projects with an annual investment of 104.28 billion yuan, with 107 projects under construction and 129 completed and put into operation.
Emerging industries will seize the opportunities in the future — —
In the laboratory of Carbon Cloud Intelligent Company in Guangdong Zhuhai Hengqin Guangdong-Macao Deep Cooperation Zone, a series of sophisticated instruments are producing a special chip — — The second generation of silicon-based polypeptide chip. This chip can synthesize up to 168 million micro-detection units on a single 8-inch silicon wafer, and the detection sensitivity of each micro-detection unit is hundreds to thousands times that of the existing standard methods. This means that it can realize multi-dimensional understanding of personal and public health status in the field of molecular biology. This is part of the whole industrial chain of "digital life" built by carbon cloud intelligence.
As a new concept, digital life is one of the application fields of the future life and health industry in Guangdong. The relevant person in charge of the Guangdong Provincial Department of Industry and Information Technology said that by 2030, the five industrial clusters of future electronic information, future intelligent equipment, future life and health, future materials and future green and low carbon will become new economic growth points in Guangdong.
Better overall planning to expand domestic demand and optimize supply, give full play to the advantages of ultra-large-scale market, improve the adaptability of supply system to domestic demand, open up the blocking points of economic cycle, and promote the benign interaction between supply and demand, which will certainly inject new impetus into the world economy while achieving its own high-quality development.