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"Everyone Talks" by the International w88 casino Think Tank: Experts from the National (Beijing) Institute for Opening up to the Outside World think tank interpret the 2024 Government Work Report

Published: March 10, 2024 Edit:

w88 casino News Network (Contributed by the National (Beijing) Institute for Opening up to the Outside World)The second session of the 14th National People's Congress opened in Beijing on March 5. Premier Li Qiang of the State Council delivered a government work report at the meeting. The main expected goals proposed in the 2024 government work report are: GDP growth of about 5%, and ten key tasks have been deployed, including the construction of a modern industrial system, accelerating the development of new productive forces, in-depth implementation of the strategy of rejuvenating the country through science and education, focusing on expanding domestic demand, promoting a virtuous cycle of the economy, and building an ecological civilization. The National Institute for Opening up (Beijing) organized experts and scholars to interpret the government work report from different perspectives.

The "Everyone's Talk" think tank at the University of International w88 is a special publicity section planned and launched by the National Institute for Opening up (Beijing). It organizes experts and scholars from think tanks of the two institutes to carry out policy interpretations, special comments, case analysis, etc. around key and hot issues in the country and Beijing. By gathering expert opinions, the voice of the think tank is conveyed, the University's plans are contributed, and suggestions and efforts are made to promote a higher level of opening up to the outside world. Since its launch, it has received attention and good feedback both inside and outside the w88 casino. This issue is the third.

Researcher at the National (Beijing) Institute for Opening up to the Outside World, Vice President of the Foreign-related Legal Research Institute, and Professor Chen Weidong of the Law w88 casino

Proactively align with high-standard international economic and w88 rules

The "2024 State Council Government Work Report" pointed out that expanding high-level opening up to the outside world will promote mutual benefit and win-win results. Actively align with high-standard international economic and w88 rules, steadily expand institutional opening, etc.

The current globalization process is advancing in twists and turns, and the impact of reverse globalization on the international economic order continues to increase. Faced with the current complex and severe international situation, on September 27, 2023, General Secretary Xi Jinping emphasized when presiding over the eighth collective study session of the Political Bureau of the CPC Central Committee that "we must be more proactive in aligning with high-standard international economic and w88 rules, steadily expand institutional opening up such as rules, regulations, management, and standards, accelerate the creation of new highlands for opening up to the outside world, build a new higher-level open economic system, and accelerate the construction of a new development pattern."

“Don’t be afraid of clouds that obscure your vision, just because you are at the top.” The Party Central Committee and the State Council have proposed the requirement to proactively align with international high-standard economic and w88 rules, which has important and far-reaching strategic significance. Compared with traditional economic and w88 rules, high-standard international economic and w88 rules have higher requirements for liberalization and facilitation and cover a wider range of areas. It involves not only the openness of the flow of goods and factors, but also the opening of institutions such as rules, which is fundamentally consistent with my country’s requirements for comprehensive opening up in a wider scope, wider fields and deeper levels. my country is actively promoting its participation in high-standard economic and w88 agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA). The requirements of relevant rules are highly consistent with the key issues facing my country's reform and opening up. Actively carry out pilot projects in qualified free w88 pilot zones and free w88 ports, take the lead in integrating with international standards in terms of rules, regulations, management, standards, etc., and build an institutional system and regulatory model that is connected with high-standard international economic and w88 rules, which will accumulate favorable conditions for my country's participation in the formulation of international economic and w88 rules. In June and December 2023, the State Council issued "Several Measures on Piloting the Alignment with International High Standards to Promote Institutional Opening in Conditional Free w88 Pilot Zones and Free w88 Ports" and the "Overall Plan for Comprehensively Aligning with International High-Standard Economic and w88 Rules to Promote High-level Institutional Opening in the China (Shanghai) Pilot Free w88 Zone". Based on the actual situation of the relevant free w88 pilot zones, a series of opening and reform measures were proposed to help promote my country's high-level institutional opening up. As the work of proactively aligning with high-standard international economic and w88 rules continues to advance, we will be more confident, more confident, and more capable of expanding high-level opening up to the outside world, and fully participate in the reform of the World w88 Organization and the adjustment of international economic and w88 rules.

Researcher Zhou Nianli of the National (Beijing) Institute of Opening-up and the China World w88 Organization Research Institute

Carry out "artificial intelligence +" action to promote the innovative development of digital economy

Premier Li Qiang proposed in the government work report to further promote the innovative development of my country's digital economy, especially emphasizing the need to "carry out‘Artificial Intelligence+’ action to create an internationally competitive digital industry cluster.” Artificial intelligence is an important driving force for a new round of technological revolution and industrial transformation. Based on the generalization ability and emergent characteristics of artificial intelligence large models, artificial intelligence has shown great development potential in more and more industries. “Scenario-driven” has become an important model to promote technological innovation and industrial growth of artificial intelligence large models. The Prime Minister emphasized in the government work report that “artificial intelligence” The "Intelligent +" action will inevitably promote the innovative application of artificial intelligence technology in combination with scenarios in related fields such as education, medical care, finance, telecommunications, and professional services. The smooth advancement of the "artificial intelligence +" action requires greater breakthroughs in algorithms, computing power, and data analysis based on artificial intelligence technology, especially deep integration with cloud computing, big data, Internet of Things and other technologies; on the other hand, active, rational, and pragmatic regulation and governance of artificial intelligence technology and applications are also required.

Researcher at the National (Beijing) Institute for Opening up to the Outside World and Professor Zhang Ji from the w88 casino of Insurance

Reduce household economic risks and help boost domestic demand

Household consumption is an important part of domestic demand and the main starting point for achieving stable, healthy and sustainable economic growth. Premier Li Qiang mentioned in the government work report that over the past year, macroeconomic control has been intensified to promote continued improvement in economic performance. In 2023, in order to boost domestic demand, a number of phased policies to benefit the people have been continued and optimized, such as the introduction of policies to support consumption of automobiles, furniture, electronic products, and tourism. Bulk consumption has steadily rebounded, and consumption of daily services has accelerated its recovery. my country's residents' consumption growth is higher than their income growth, indicating that residents continue to be optimistic about the future. However, although income is the basic factor to increase household consumption, economic risks caused by social security and income structure will also affect household consumption. Therefore, reducing household economic risks will help further increase household consumption and boost domestic demand.

Reducing residents’ economic risks is a systematic project. It not only requires strengthening the basic role of income, but also formulating long-term strategic plans from a macro level. Combining my country’s current new development stage, new development pattern and new development concepts, we should strengthen basic, universal and bottom-line people’s livelihood security construction in multiple dimensions and through multiple means, reduce household economic risks, narrow household economic risk differences, and thereby increase household consumption.

First, focus on economic construction, increase family income, and reduce family economic risks. Strengthen coordinated regional development, increase infrastructure investment, and stabilize employment. Secondly, we should optimize and improve the social security system, give full play to the protective role of the social security system, reduce family economic risks, and improve family future consumption expectations. Reduce the differences in social security levels among different groups. Third, accurately adjust tax policies, optimize the income distribution system, and narrow the differences in household economic risks. Further expand the scope of taxation of luxury goods, include family population structure and total family income in tax rate formulation, increase fertility rates through tax exemptions, and use total family income as the tax base to protect low-income families, thereby reducing family economic risks. Finally, improve your own risk management capabilities and reduce family economic risks. Optimize the income structure, reduce families' over-reliance on wage income, reduce family economic risks, and promote consumption.

Researcher at the National (Beijing) Institute for Opening up and Professor Ma Qijia of the Law w88 casino

Further optimize the business environment and help high-quality development of my country’s economy

The "2024 Government Work Report of the State Council" (hereinafter referred to as the report) emphasizes the need to "create a market-oriented, legalized, and international first-class business environment" to create a good environment for fair competition and competitive development for state-owned enterprises, private enterprises, foreign-invested enterprises and other types of ownership enterprises. To this end, the report proposes many policy measures. For example, the first is to fully implement the opinions and supporting measures to promote the development and growth of the private economy; the second is to improve the policy of attracting foreign investment and expand institutional opening; the third is to speed up the construction of a national unified market, formulate standard guidelines for the construction of a national unified market, and strive to promote the unification of institutional rules in aspects such as property rights protection, market access, fair competition, and social credit; the fourth is to introduce administrative regulations for fair competition review and improve regulatory rules in key areas, emerging areas, and foreign-related areas. The implementation of these policies and measures will help promote my country's further benchmarking against the World Bank's new business environment assessment framework, benchmarking against high-level international economic and w88 rules such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA), optimize China's business environment, address the demands of private enterprises and foreign-invested enterprises for the business environment, stimulate the vitality of various business entities, and promote the high-quality development of my country's economy.

Researcher at the National (Beijing) Institute for Opening-up and Associate Professor Zhang Zhu at the w88 casino of International Business

Countries, regions, industries, and enterprises develop together to comprehensively enhance our country’s competitiveness and influence

The "2024 State Council Government Work Report", based on summarizing the work results in 2023, explains the national development goals and key government tasks in 2024. Among them, it particularly emphasizes "actively aligning with high-standard international economic and w88 rules, steadily expanding institutional opening up, enhancing the linkage effect of two domestic and international markets and two resources, consolidating the basic base of foreign w88 and foreign investment, and cultivating new advantages in international economic cooperation and competition." To achieve this goal, countries, regions, industries, and enterprises will make multidimensional efforts to comprehensively enhance China's international competitiveness and influence.

At the national level, expanding institutional opening up such as rules, regulations, management, and standards will become the focus. China will gradually transform from the initial passive recipient of international economic systems to a provider of solutions to global problems and a provider of innovative systems. At the regional level, local governments will further promote the reform and reshaping of the business environment, focus on marketization, legalization, and internationalization, and provide guarantees for the equitable development of state-owned enterprises, private enterprises, and foreign-invested enterprises. At the industrial level, new energy, medicine, and green industries will become hot spots and growth points for "going overseas", and various investment promotion activities will further develop towards high-quality, professional, large-scale, and mature directions. At the enterprise level, private enterprises, small and medium-sized enterprises, platform enterprises, and specialized new enterprises will gradually become the source of momentum for China to integrate into the high-end fields of the global value chain. Digital technology, green technology, and biotechnology will become an important basis for Chinese enterprises to build competitive advantages.

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