Major Tasks for 2015
» Maintaining steady economic growth
» Fostering new growth points
» Upgrading agricultural production
» Coordinating regional development
» Strengthening social security network and improving people’s quality of life
» Fulfilling people’s demand
» Analyzing the consumption market and consumer psychology
» Guiding societal expectations
» Strengthening protection of property and intellectual property
» Fully tapping into entrepreneurial talent
» Improving education and increasing human resource competence
» Improving the ecological environment
» Advancing technology and innovation
New normal traits
» Consumption: Mass featureless consumption has come to an end and customized consumption is becoming mainstream.
» Export and international balance: China still has competitive edge in exports; high-level imports and large-scale exports coexist.
» Market competition: Quality-based differentiated competition has replaced quantity-based price competition.
» Environment: Plans for green, low-carbon production and recycling will be adopted in the face of global climate change.
» Investment: Infrastructure interconnection, new technology, new products and new business models have enabled massive investment opportunities.
» Production: Smarter, smaller-scale professional production will gain more popularity.
» Risk control: Economic risks are controllable in China, though it may take time to defuse risks caused by high leverage and asset bubbles.
» Macro-regulation: The effects of massive stimulus measures are decreasing. China should mop up the excess capacity while using market mechanism to explore industrial development.
» Production factors: Cheap labor used to be China’s biggest comparative advantage, but China’s economic growth is currently more dependent on the quality of human resources and technological progress.