Yujian News:Hello, Principal Zhao. In 2024, China's economy will show strong vitality and potential under complex circumstances.

Yujian News:The Central Economic Work Conference has clarified the direction for economic work in 2025. Based on the current situation and policy orientation, what development trajectory do you predict that China's economy will present in 2025?

Zhao Zhongxiu:The economy is expected to have a good start in the first quarter of 2025. It should be noted that due to the traditional Spring Festival holiday, the total economic output will usually decline to a certain extent during this period.

From the second quarter, after about half a year of policy transmission, the policy effect will be fully revealed, the economy is expected to achieve rapid growth, and this good trend is expected to continue in the second and third quarters. Although economic growth may be lower than expected at the end of the year due to various factors, overall, economic growth trends in 2025 are good.

Yujian News:In the global economic landscape, China's economy has always played an important role. Entering 2025, do you think the role of China's economy in the global economic system will change?

Zhao Zhongxiu:In 2025, China will continue to demonstrate its role as an important engine of world economic growth. It is understood that China's economic growth contributes 30% to global economic growth, which not only helps to stabilize the markets of developed countries, but also uses the "Belt and Road" initiative to industrialize the vast number of developing countries ("Global South")

Yujian News:The Central Economic Work Conference lists "vigorously boost consumption, improve investment efficiency, and expand domestic demand in all aspects" as the first of the key tasks in 2025. How do you understand the concept of "all-round expansion of domestic demand"?

Zhao Zhongxiu:To comprehensively expand domestic demand, we need to focus on the key points, and the key w88 live casinois to make up for the shortcomings. For groups with high consumption tendencies but relatively low income, we should focus on expanding employment and increasing transfer payments.

On the other hand, the population structure is changing, and the consumption concepts and habits of the post-00s and post-10s have changed significantly. The market also responded to this. Foreign famous brands that were popular in the past have now been squeezed into a large share of domestic products.

The investment direction will also change in 2025. Investment will eventually lead to changes in the industrial structure.

Yujian News:What industries do you expect will become new growth highlights in 2025?

Zhao Zhongxiu:This year, China's electric vehicle production and sales have exceeded 10 million units, with a monthly growth rate of 45% higher than last year. Looking ahead to next year, although the growth rate is likely to slow down, the overall scale will still jump to a new level.

In addition, as the foundation of industrialization, its innovative iteration has never stopped. Thanks to a large amount of scientific research investment, China has produced numerous patent achievements and has continued to be transformed into practical productivity.

In the fields of health and medicine, China is also moving forward steadily and constantly making new breakthroughs.

Yujian News: Overall, where do you think the confidence of China's economy to set off again in 2025 mainly comes from?

Zhao Zhongxiu:Optimism In 2025, confidence in China's economy mainly comes from two key advantages:

One of them is a super-large market. The domestic and international dual circulation built at present has successfully opened up many bottlenecks and created massive demand for economic development;  

w88 online casinoThe second is innovation ability, which covers both scientific and technological innovation and market transformation realization ability. The unique creativity of the socialist market economic system and mechanism has given birth to the driving force for continuous iteration and upgrading. This is something that many countries cannot reach, and it is also the foundation for confidence in China's economy to achieve growth and stable development.

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