China News Service, Beijing, March 11 (Reporter Li Jinlei) The outside world hopes to gain a sense of China's development in the next year from the National Two Sessions.

This year's two sessions intensively conveyed economic and people's livelihood policy information and released multiple confidences.

  In 2023, China's total economic volume will exceed 126 trillion yuan (RMB, the same below), with a growth rate of 5.2% ranking among the top major economies in the world, and its main expected goals have been successfully achieved.

Facing a complex external environment, China's economic growth target this year is still anchored at around 5%, reflecting its confidence in progress.

  Increasing policies such as expanding the deficit to 4.06 trillion yuan, promoting large-scale equipment renewal and trade-in of consumer goods, and issuing ultra-long-term special government bonds will provide more "horsepower" for the economy to make progress while maintaining stability.

On March 11, the second session of the 14th National People's Congress held its closing meeting at the Great Hall of the People in Beijing.

Photo by China News Service reporter Mao Jianjun

  Lin Yifu, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and dean of the Institute of New Structural Economics at Peking University, believes that China has a lot of room for technological innovation and industrial upgrading. With a high savings rate and abundant investment resources, it is entirely possible to grow by more than 5%.

According to Li Dongsheng, deputy to the National People's Congress and chairman of TCL, this year's growth rate target is stable and feasible, consistent with China's economic growth potential, and sends a positive signal to the market and entrepreneurs.

  New productivity has become a high-frequency word in this year's two sessions and ranks first among the top ten tasks of the Chinese government in 2024.

Behind the lively discussion, China's confidence in moving towards "newness" was conveyed.

  A series of detailed deployments such as actively cultivating emerging industries and future industries, launching "artificial intelligence +" actions, and implementing digital transformation actions in the manufacturing industry mean that China is using "new forces" to create new momentum and new advantages for development.

  To this end, it is still necessary to play the innovation card well.

For example, this year's structural tax and fee reduction policies will focus on supporting technological innovation and manufacturing development.

Jin Li, a member of the National Committee of the Chinese People's Political Consultative Conference and vice president of Southern University of Science and Technology, said that China will better leverage the advantages of the new national system and will accelerate the formation of systems and mechanisms that are conducive to the development of new productive forces.

  While pushing the economy forward and into the "new" direction, China also uses the Two Sessions to fully communicate with the world and inject confidence into international investors through openness.

  From the government work report to the authoritative voices of ministers, new measures to expand opening-up are emerging frequently.

It has made it more convenient for foreigners to work, study and travel in China, continued to reduce the negative list for foreign investment access, and implemented a trial visa-free policy for six countries including Switzerland, which was quickly reported by major media.

  Gu Xueming, a member of the National Committee of the Chinese People's Political Consultative Conference and director of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said that expanding institutional opening up such as rules, regulations, management, and standards provides high-level institutional supply for high-quality development.

Lin Zhiying, deputy to the National People's Congress and supply chain director of Sinopec (Hong Kong) Co., Ltd., believes that a high level of opening up will enhance the attractiveness of the Chinese market, drive import growth, and help activate the global economy.

  People's livelihood topics are hot topics at the two sessions every year.

Relaxing the age limit for employment, ensuring the employment of key groups such as young people, and expanding the "cake" of high-quality educational resources... These days, many "good voices" from the Two Sessions have aroused widespread discussion among netizens.

  "Often what we pay attention to is also what the public pays attention to." Jiang Shengnan, a member of the National Committee of the Chinese People's Political Consultative Conference and a researcher at the School of Humanities of Wenzhou University, believes that representative committee members should convey the people's demands well, put forward targeted and implementable plans, and promote problem solving.

  In response to the people's concerns, China's urban employment target has been increased to "more than 12 million people" this year, budget arrangements for education, social security and employment have all exceeded 4 trillion yuan, and basic pensions for retirees have continued to increase.

A series of practical actions have further demonstrated the confidence in stable development and protecting people's livelihood.

(over)