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Dialectics must be coordinated. That, in a large sense, suggests a core premise of Leninism within China’s New Era of historical development. And that is what the General Secretary of the Communist Party of China now emphasizes as a core ordering principles of Chinese Marxist-Leninism in this, its new era of historical development.
The idea of the coordination of dialectics, in turn, combines two distinct concepts that serve as the dialectical antipodes of New Era approaches to the challenges of the contemporary principal contradiction along the Chinese Socialist path toward the establishment of a communist society. On the one hand, one has the bedrock Marxist concept of dialectical materialism (with the caveat of both its development from out pf 19th century German thought and its many variations since the founding and end of the Soviet Union and the transposition of the leading voices of dialectical materialist thought to China). That concept, in turn, combines two premises that are then aggregated. The first is the premise of dialectics—understood both as a condition (that everything is in flow), and as the process by which the flow produces resolution of contradictions at any given point in the historical development of social relations to which it may be applied. Dialectics is the process of engagement between contradictory or disparate elements the engagement of which, if managed well, processes a sort of synthesis moving engagement forward to new elements of contradiction (and thus both progress and the notion of linearity in history rather than in historical cyclicity, or in movement meant preserve (The Leopard’s famous line, paraphrased as something like “to stay the same we must change with the times” (Lampedusa, Il Gattopardo) etc.) The second is the premise of materialism—which may be understood usefully as a more descriptive means of embracing the notion of phenomenology as theory, in the sense that it is the resolution (constant) of material phenomena that matter. They matter in two respects—for one it is the human condition that is the focus of the Leninist project, and for another, it is only in the material world (objects and actions) that it is possible to engage in (politically and socially) meaningful dialectical processes. These processes, of course, are made meaningful only within the ideological cognitive cages of Marxist-Leninism and its objectives (establishment of communism) and drivers (the vanguard of social forces organized as a communist party).
On the other hand one has the bedrock Chinese Leninist notion of coordination (with the caveat that its Soviet, Chinese Republican, and Marxist-Leninist expressions varied widely). The idea of coordination, and of the core role of the Communist Party at the center of coordination as a critical element of its responsibility of leadership and guidance of society along the Socialist path toward the establishment of a communist society (and all of that must be kept in mind if one is true to the theory), has played an increasingly central role in the cognitive cage within which the CPC is constituted, operates, derives its authority and exercises power legitimately at least since the 3rd Plenum of the 11th CPC Congress. But it a contemporary expression of much older principles. The first is that of the notion of the critical role of CPC guidance and leadership which have been built into the structures of the Chinese State Constitution (e.g. Article 1), in the premise of Chinese socialism, and in the fundamentals of the CPC Constitution’s General Program. The second is the notion of democratic centralism as the core expression of the practice of Chinese Leninism (Deng Xiaoping, “Speech Delivered At An Enlarged Working Conference of the Party Central Committee” (1962)). Here the contemporary foundation of a view of democratic centralism as shaping both the working style of the CPC and its expression in terms of its practice (and thus back to the connection with dialectical materialism). The third is the form that democratic centralism has informed the practice of centralization-decentralization of the administrative expression of CPCP policy and objectives. “In emphasizing centralism and unity and opposing decentralism, we should lay more stress on the need to adhere to the principle of democratic centralism. Let no one misunderstand this emphasis, believing that centralism and unity can be stressed at the expense of the democratic aspect of democratic centralism. On the contrary, in order to intensify centralism and unity and oppose decentralism, more emphasis should be placed on the democratic aspect. This will place centralism on a solid foundation, ensuring genuine centralism and unity. Deng Xiaoping, “Speech Delivered At An Enlarged Working Conference of the Party Central Committee” (1962)).”
Dialectical coordination as a basic principle of Chinese Marxist-Leninism has been substantially refined in this “New Era” of Chinese historical development. It finds its greatest expression aligned to another significant area of theoretical evolution—that of socialist modernization and the relationship between the development of productive forces and the guidance role of the CPC. One might speak now of the dialectical coordination of socialist modernization. And that dialectical coordination touches all aspect of social relations in which the obligation to develop productive forces is found—in the economic, social, cultural, environmental, and political fields of social organization. In this sense, dialectical coordination serves as a nexus point for the material expression of the unity of these concepts—dialectical materialism, democratic centralism, socialist modernization, and the nature of the material expression of the leading role of the CPC. The phenomenological core of this movement ought not to be underestimated: interpretation is the output of action; and action is the manifestation of the theoretical in the world. That suggests in turn the need for functional alignment (a coordination of coordination) between the old theoretical Hegelian notions of dialectics detached from the material (a form of 18th century European Enlightenment classical-rationalist detachment), with the phenomenological focus of dialectics within the material (a form of 19th century European Enlightenment experiential-romantic attachment) but now with Chinese characteristics. This represents the Chinese Marxist-Leninist generative binary: theory-practice; democratic centralism, the mass line, etc., all of which seek a coordination of the endogenous and exogenous, of experience and its rationalization, and more fundamentally of the order of things from which the dialectics of action and object can be “scientifically” coordinated to maximum effect.
All of this was manifested in a summary excerpt from General Secretary Xi Jinping’s speech at the Central Economic Work Conference on December 11, 2024, 习近平, 经济工作必须统筹好几对重要关系 [Xi Jinping, "Economic work must coordinate several important relationships"]. It was published to Issue 2025-1 of Qiushi [求是], the official theoretical journal and news magazine of the Chinese Communist Party (CCP), published by the CPC Central Party School and the CPC Central Committee. One encounters here an important distillation of Chinese Marxist-Leninist phenomenology expressed, with no irony, in the form and language of action making theory which provides, in turn, a basis for action producing theory. And the predicate for action is itself an incarnation of dialectics, this time grounded in contradiction—the so-called “two point theory.” In his "Economic work must coordinate several important relationships" the General Secretary put it this way: “In analyzing the situation, we must adhere to the "two-point theory", not only talk about the achievements, but also talk about the problems” [分析形势要坚持“两点论”，既把成绩讲够，也把问题说透。] (经济工作必须统筹好几对重要关系).
The critical initial element of this dialectics, though, touches on the identification of the organ, collective, or group in which political theory (action) vests phenomenological authority. That is, which group is understood, within the collective as the signification of the authority to act, the actions of which are the predicate for binding dialectics and from which coordination necessarily follows.
The greatest consensus formed by the whole party is that the centralized and unified leadership of the Party Central Committee is the fundamental guarantee for doing a good job in economic work. At critical moments and important nodes, the Party Central Committee timely analyzes the situation, makes decisions and deployments, and ensures that China's economic ship rides the wind and waves and sails steadily. [全党上下形成的最大共识是：党中央集中统一领导是做好经济工作的根本保证，在关键时刻、重要节点，党中央及时研判形势、作出决策部署，确保我国经济航船乘风破浪、行稳致远。经济工作千头万绪] (经济工作必须统筹好几对重要关系)
The remarks are especially important for the way that the coordination function of the CPC operates in the economic sector. The nature of this coordination is developed as a series of five dialectics that mirror, in some ways, Deng Xiaoping’s 1962 reminder of “the five unifications [五个统一] we have achieved by putting together correct ideas: unified thinking, policy, planning, command and action.” (Deng Xiaoping, “Speech Delivered At An Enlarged Working Conference of the Party Central Committee”). Let us briefly consider each in turn.
“First, we must coordinate the relationship between an effective market and an effective government to form an economic order that is both "free and controllable" [一是必须统筹好有效市场和有为政府的关系，形成既“放得活”又“管得住”的经济秩序。]. This posits a relationship between action that ought to be coordinated through the State and actions that ought to be undertaken by individuals and guided collectives to operationalize CPC leadership. No free market notions here, but rather guided markets—in a style that would be easier to recognize within European governance discourse where the issue of the role of private actors to implement public policy is more acutely debated. This requires attention to line drawing between guidance and control. For Chinese Marxist-Leninism coordination and guidance is realized macro-management: through the rules based construction and oversight of markets so that it operates in a way aligned with (coordination again) public policy and the general direction and objectives of the state.
“有所为，就是要不断建设法治经济、信用经济，完善市场规则并带头遵守规则，通过坚决惩治腐败、保障公共安全等优化市场环境，着力矫正市场失灵，规范竞争秩序，使全国统一大市场成为各类经营主体公平竞争的大舞台。” [To do what it should do means to continuously build a rule of law economy and a credit economy, improve market rules and take the lead in abiding by the rules, optimize the market environment by resolutely punishing corruption and ensuring public safety, strive to correct market failures, standardize the competition order, and make the unified national market a big stage for fair competition among all types of business entities.] (经济工作必须统筹好几对重要关系)
The limits of coordination focuses is grounded in the avoidance of micro-management of micro-subjects: giving some play to individual choices touching on resource allocation and protecting against local protectionism. “有所不为，就是要尊重和发挥市场在资源配置中的决定性作用，防止对微观主体活动的不当干预，不搞地方保护主义和自我小循环。[“To not do what it should not do means to respect and give play to the decisive role of the market in resource allocation, prevent improper intervention in the activities of micro-subjects, and avoid local protectionism and self-circulation.”] (经济工作必须统筹好几对重要关系). The principal focus is national standardization.
“Second, we must coordinate the relationship between total supply and total demand to smooth the circulation of the national economy” [二是必须统筹好总供给和总需求的关系，畅通国民经济循环。]. On the supply side this touches on both production and distribution within national markets. Top some extent, then, the coordination of supply suggests another element in which the State may intervene in the construction and operation of markets—as macro- rather than micro- management referenced in the “first coordination.” That power has two sides—both to produce and to suppress production or distribution—under the guidance of the CPC and in fulfillment of policy. That policy, in turn, is a function of the management of demand. Here one aligns (coordinates) not just the relationship between supply and demand; one also speaks to the quality and manifestation of demand itself. To shape demand is to shape and develop the ideal individual in the ideal socialist society so that demand itself becomes a matter of State social, and cultural policy. Thus while demand ensures development through consumption; consumption provides an experiential means of realizing or crafting the realization of the theoretical march along the pathways of perfection.
“Third, we must coordinate the relationship between cultivating new momentum and updating old momentum, and develop new quality productivity according to local conditions.” [三是必须统筹好培育新动能和更新旧动能的关系，因地制宜发展新质生产力。]. Here one deploys the 3rd Plenum’s elaboration of new and high quality production in socialist modernization, with the specifics of a policy of transforming the character and quality of markets within which supply and demand may be better managed toward macro-political ends. That involves allocating national resources toward the modernization of traditional economic fields and spending resources to cultivate emerging and future industries. The key here is not this policy itself—that is effectively the policy of all advanced industrial states. It is that it is through the State organs (and under the leadership and guidance—coordination--by and through the CPC) that such policies are to be formulated and implemented, or implemented giving form to formulation. The ultimate goal is modernization of productive forces. The object is to ensure that Chinese productive forces emerge as the vanguard of leading forces leading and guiding global production under its leadership. In effect, leveraging economic vanguardism into the international sphere.
“Fourth, we must coordinate the relationship between optimizing the incremental and revitalizing the stock, and comprehensively improving the efficiency of resource allocation.” [四是必须统筹好做优增量和盘活存量的关系，全面提高资源配置效率。]. The focus here is on asset and liability management in the development of productive forces, productive forces that must be directed toward industrial transformation through innovation in emerging areas and modernization in existing fields. Here, again, the focus is on the macro-managing (coordinating) role of the CC through State organs. Not markets (which are focused on resource allocations) but State organs that must anticipate and plan (here perhaps enhanced by big data analytics and A.I. assisted mechanisms) for the sort of transformations that in liberal democratic markets driven systems are undertaken by market actors themselves. In a sense, then, Socialist phenomenology (through the accumulation of the first three “coordinations” certainly) suggests that the critical difference between liberal democratic and socialist political phenomenology lies in the organs invested with the authoritative role in producing the experience (the materiality) that drives the political dialectics.
“Fifth, we must coordinate the relationship between improving quality and increasing the total volume, and to better consolidate the material foundation of Chinese-style modernization.” [五是必须统筹好提升质量和做大总量的关系，夯实中国式现代化的物质基础。]. This last touches on a matter that is the subject of template replication throughout the regulatory management of the State and its relationship to the overall oversight of the CPC—discipline, inspection, and supervision. In the economic sphere that involves a transposition of coordination modalities. Here, though, the coordination suggests a mediation rather than resolution between issues of scale and quality. Indeed, it suggests that the baseline relationship must be that as volume increases quality deteriorates and thus confines its coordinating role to methods for preserving volume by increasing quality measures. Left unresolved is the pricing of such coordination is the object is to increase production to satisfy demand. If, indeed, there is a demand for quality, as well as for goods (something hat one sees elsewhere as well), then the issue of coordination here is not between quality and volume, but rather between quality, volume, and pricing. And if pricing is an issue, and market based allocation is an objective then the further issue is the relationship between State subsidy and price. That relationship then touches on the core macro-regulatory issue of the State and the core question for the CPC leadership core—the way that pricing subsidies may or ought to impact on socialist modernization and high quality production in the transformation of productive forces.
And thus the coordination of dialectical materialism in socialist modernization as a phenomenology of economic activity with a goal that is itself the means of reaching that goal. These dialectics also serve as a template for CPC leadership and guidance (coordination) well beyond the traditionally economic—in social, cultural, and political spheres. The coordination between (1) individual production and collective management; (2) what is desired and what can be provided; (3) what exists and what must be cultivated; (4) evolution of conditions and their transformation; and (5) quality and volume. Applied elsewhere they provide a basis for guidance systems—whether they are managed through generative and predictive analytics, so-called social credit or “smart” systems, or by more traditional human centered means. These describe the core rationalizations of action categories that define the core of the scope of the CPC as the platform within and through which Marxist-Leninist dialectical phenomenology may be undertaken.
It ought to be noted that there is at some level a measure of coordination between what emerges as contemporary phenomenological Marxist-Leninist phenomenology with what is emerging as phenomenological liberal-democracy as it is now perhaps emerging in the United States, a vanguard (leading) force of liberal democracy (The Phenomenology of America First and its New World Ordering of Merchants in this New Era of Global Historical Development: President Trump's Address to Congress--Text and Brief Reflections). In both cases an action-dialectics: acts expressing theory, which then is applied to acts that express theory.
经济工作必须统筹好几对重要关系
来源：《求是》2025/05 作者：习近平 2025-02-28 15:00:06
经济工作必须统筹好几对重要关系※
习近平
2024年是实现“十四五”规划目标任务的关键一年。面对外部压力加大、内部困难增多的复杂严峻形势，党中央团结带领全党全国各族人民，沉着应变、综合施策，经济运行总体平稳、稳中有进，高质量发展扎实推进，经济社会发展主要目标任务即将顺利完成，我国经济实力、科技实力、综合国力持续增强，中国式现代化迈出新的坚实步伐。
2024年12月11日至12日，中央经济工作会议在北京举行。中共中央总书记、国家主席、中央军委主席习近平出席会议并发表重要讲话。 新华社记者 谢环驰/摄
一年来的发展历程很不平凡，成绩令人鼓舞。一是全年经济运行前高、中低、后扬。一季度开局良好，二、三季度下行压力加大，9月26日中央政治局会议果断部署一揽子增量政策，使楼市股市和市场预期、社会信心有效提振，经济明显回升，既促进了全年目标实现，也为2025年经济发展奠定了良好基础。二是新质生产力稳步发展。集成电路、人工智能、量子技术等科技创新取得重要进展。传统产业智能化改造和数字化转型持续推进。绿色低碳转型步伐加快。三是改革开放持续深化。党的二十届三中全会对进一步全面深化改革、推进中国式现代化作出部署。高质量共建“一带一路”扎实推进。高水平对外开放取得积极成效，外贸出口对经济增长的贡献增大。四是重点领域风险化解有序有效。房地产市场出现积极变化，地方政府债务风险、中小金融机构风险正在有效缓解和管控。五是民生保障扎实有力。就业、物价保持稳定，脱贫攻坚成果得到巩固拓展。粮食产量首次突破1.4万亿斤。生态环境质量持续改善。社会大局保持稳定。这些都更加坚定了我们在新时代新征程开拓进取、攻坚克难、扎实推进中国式现代化的决心和信心。
分析形势要坚持“两点论”，既把成绩讲够，也把问题说透。当前，外部环境变化带来的不利影响加深，我国经济运行仍面临不少困难和挑战。主要是：国内需求不足；部分企业生产经营困难；群众就业增收面临压力；风险隐患仍然较多。同时必须看到，我国经济基础稳、优势多、韧性强、潜能大，长期向好的支撑条件和基本趋势没有变。只要信心不滑坡，办法总比困难多。我们要正视困难、坚定信心，努力把各方面积极因素转化为发展实绩。
实践中，我们不断深化对经济工作的规律性认识。全党上下形成的最大共识是：党中央集中统一领导是做好经济工作的根本保证，在关键时刻、重要节点，党中央及时研判形势、作出决策部署，确保我国经济航船乘风破浪、行稳致远。经济工作千头万绪，必须统筹好几对重要关系。
一是必须统筹好有效市场和有为政府的关系，形成既“放得活”又“管得住”的经济秩序。政府要有所为、有所不为，解决好缺位、越位问题。有所为，就是要不断建设法治经济、信用经济，完善市场规则并带头遵守规则，通过坚决惩治腐败、保障公共安全等优化市场环境，着力矫正市场失灵，规范竞争秩序，使全国统一大市场成为各类经营主体公平竞争的大舞台。有所不为，就是要尊重和发挥市场在资源配置中的决定性作用，防止对微观主体活动的不当干预，不搞地方保护主义和自我小循环。政府行为越规范，市场作用就越有效。
二是必须统筹好总供给和总需求的关系，畅通国民经济循环。要坚持供需两侧协同发力、动态平衡，持续深化供给侧结构性改革，有进有退、有保有压，增强供给与需求的适配性、平衡性。扩大内需既关系经济稳定，也关系经济安全，不是权宜之计，而是战略之举。要加快补上内需特别是消费短板，使内需成为拉动经济增长的主动力和稳定锚。
2025年1月22日至24日，中共中央总书记、国家主席、中央军委主席习近平冒着严寒来到辽宁，看望慰问基层干部群众。这是23日上午，习近平在沈阳大东副食品商场考察时，同店主和顾客亲切交流，向大家致以新春祝福。 新华社记者 谢环驰/摄
三是必须统筹好培育新动能和更新旧动能的关系，因地制宜发展新质生产力。要以科技创新为引领，大力培育壮大新兴产业和未来产业，占据国际竞争制高点，塑造经济发展新动能、新优势。同时，加快推动作为经济增长和就业收入基本依托的传统产业改造升级，使之焕发新的生机活力，推动新旧发展动能平稳接续转换。
四是必须统筹好做优增量和盘活存量的关系，全面提高资源配置效率。经过长期发展，我国需要同时加强资产管理和负债管理，统筹用好各类增量资源和存量资源，善于通过盘活存量来带动增量。要持续推动产业园区“腾笼换鸟”，用好置换存量隐性债务、盘活存量土地等政策，统筹做优增量和盘活存量、管好资产和调整负债，拓展新的发展空间。
五是必须统筹好提升质量和做大总量的关系，夯实中国式现代化的物质基础。我国拥有巨大的经济体量、市场容量和产业配套能力，是提升质量、做优做强的有利条件。我国人均国民收入尚未达到世界平均水平，发展不平衡不充分问题仍然突出。要坚持以质取胜和发挥规模效应相统一，用好超大规模市场优势和丰富应用场景，培育更多世界一流企业和领先技术，把质的有效提升和量的合理增长统一于高质量发展的全过程。
※这是习近平总书记2024年12月11日在中央经济工作会议上讲话的一部分。
Economic work must coordinate several important relationships
Source: "Seeking Truth" 2025/05 Author: Xi Jinping 2025-02-28 15:00:06
Economic work must coordinate several important relationships※
Xi Jinping
2024 is a critical year for achieving the goals and tasks of the "14th Five-Year Plan". Faced with the complex and severe situation of increasing external pressure and increasing internal difficulties, the Party Central Committee united and led the whole party and people of all ethnic groups in the country to respond calmly and adopt comprehensive measures. The overall economic operation is stable and steady, and high-quality development is steadily advancing. The main goals and tasks of economic and social development are about to be successfully completed. China's economic strength, scientific and technological strength, and comprehensive national strength continue to increase, and Chinese-style modernization has taken new solid steps.
From December 11 to 12, 2024, the Central Economic Work Conference was held in Beijing. Xi Jinping, General Secretary of the CPC Central Committee, President of the State, and Chairman of the Central Military Commission, attended the meeting and delivered an important speech. Xinhua News Agency reporter Xie Huanchi/Photo
The development process over the past year has been extraordinary and the achievements are encouraging. First, the economic operation was high at the beginning, low in the middle, and rising at the end. The first quarter started well, but the downward pressure in the second and third quarters increased. The Central Political Bureau meeting on September 26 decisively deployed a package of incremental policies, which effectively boosted the property market, stock market, market expectations and social confidence, and the economy rebounded significantly, which not only promoted the realization of the annual target, but also laid a good foundation for economic development in 2025. Second, new quality productivity has developed steadily. Important progress has been made in scientific and technological innovations such as integrated circuits, artificial intelligence, and quantum technology. The intelligent transformation and digital transformation of traditional industries have continued to advance. The pace of green and low-carbon transformation has accelerated. Third, reform and opening up have continued to deepen. The Third Plenary Session of the 20th CPC Central Committee made arrangements for further deepening reform in an all-round way and promoting Chinese-style modernization. The high-quality joint construction of the "Belt and Road" has been steadily promoted. High-level opening up has achieved positive results, and foreign trade exports have contributed more to economic growth. Fourth, risk resolution in key areas has been orderly and effective. Positive changes have occurred in the real estate market, and local government debt risks and risks of small and medium-sized financial institutions are being effectively alleviated and controlled. Fifth, people's livelihood security is solid and effective. Employment and prices remain stable, and the results of poverty alleviation have been consolidated and expanded. Grain production exceeded 1.4 trillion jin for the first time. The quality of the ecological environment has continued to improve. The overall social situation remains stable. All these have further strengthened our determination and confidence to forge ahead, overcome difficulties and solidly promote Chinese-style modernization in the new era and new journey.
In analyzing the situation, we must adhere to the "two-point theory", not only talk about the achievements, but also talk about the problems. At present, the adverse effects of changes in the external environment have deepened, and China's economic operation still faces many difficulties and challenges. Mainly: insufficient domestic demand; production and operation difficulties of some enterprises; employment and income increase of the masses face pressure; there are still many risks and hidden dangers. At the same time, it must be seen that the Chinese economic foundation is stable, with many advantages, strong resilience and great potential, and the long-term support conditions and basic trends have not changed. As long as confidence does not slip, there are always more solutions than difficulties. We must face up to difficulties, strengthen our confidence, and strive to transform positive factors from all aspects into development results.
In practice, we continue to deepen our understanding of the laws of economic work. The greatest consensus formed by the whole party is that the centralized and unified leadership of the Party Central Committee is the fundamental guarantee for doing a good job in economic work. At critical moments and important nodes, the Party Central Committee timely analyzes the situation, makes decisions and deployments, and ensures that China's economic ship rides the wind and waves and sails steadily. Economic work is complicated, and several important relationships must be coordinated.
First, we must coordinate the relationship between an effective market and an effective government to form an economic order that is both "free and controllable". The government should do what it should do and what it should not do, and solve the problems of absence and overstepping. To do what it should do means to continuously build a rule of law economy and a credit economy, improve market rules and take the lead in abiding by the rules, optimize the market environment by resolutely punishing corruption and ensuring public safety, strive to correct market failures, standardize the competition order, and make the unified national market a big stage for fair competition among all types of business entities. To not do what it should not do means to respect and give play to the decisive role of the market in resource allocation, prevent improper intervention in the activities of micro-subjects, and avoid local protectionism and self-circulation. The more standardized the government's behavior, the more effective the market will be.
Second, we must coordinate the relationship between total supply and total demand to smooth the circulation of the national economy. We must insist on the coordinated efforts and dynamic balance between supply and demand, continue to deepen the supply-side structural reform, advance and retreat, maintain and suppress, and enhance the adaptability and balance of supply and demand. Expanding domestic demand is related to both economic stability and economic security. It is not a stopgap measure, but a strategic move. We must speed up the process of filling the gap in domestic demand, especially consumption, so that domestic demand can become the main driving force and stabilizing anchor for economic growth.
From January 22 to 24, 2025, Xi Jinping, General Secretary of the CPC Central Committee, President of the State, and Chairman of the Central Military Commission, braved the severe cold to visit Liaoning to visit and comfort grassroots cadres and the masses. This was on the morning of the 23rd when Xi Jinping visited the Dadong Non-staple Food Market in Shenyang, and had a cordial exchange with the store owner and customers, and extended New Year's greetings to everyone. Xinhua News Agency reporter Xie Huanchi/Photo
Third, we must coordinate the relationship between cultivating new momentum and updating old momentum, and develop new quality productivity according to local conditions. We must take scientific and technological innovation as the guide, vigorously cultivate and expand emerging industries and future industries, occupy the commanding heights of international competition, and create new momentum and new advantages for economic development. At the same time, we must accelerate the transformation and upgrading of traditional industries that are the basic support for economic growth and employment income, so that they can be revitalized and promote the smooth transition of new and old development momentum.
Fourth, we must coordinate the relationship between optimizing the incremental and revitalizing the stock, and comprehensively improve the efficiency of resource allocation. After long-term development, China needs to strengthen asset management and liability management at the same time, coordinate the use of various incremental resources and stock resources, and be good at driving the incremental by revitalizing the stock. We must continue to promote the "emptying the cage and replacing the bird" of industrial parks, make good use of policies such as replacing the stock of hidden debts and revitalizing the stock of land, coordinate the optimization of the incremental and revitalizing the stock, manage assets and adjust liabilities, and expand new development space.
Fifth, we must coordinate the relationship between improving quality and increasing the total volume, and consolidate the material foundation of Chinese-style modernization. China has a huge economic scale, market capacity and industrial supporting capacity, which are favorable conditions for improving quality and making it better and stronger. Chinese per capita national income has not yet reached the world average, and the problem of unbalanced and insufficient development is still prominent. We must adhere to the unity of winning by quality and giving play to the scale effect, make good use of the advantages of the super-large-scale market and rich application scenarios, cultivate more world-class enterprises and leading technologies, and unify the effective improvement of quality and the reasonable growth of quantity in the whole process of high-quality development.
※This is part of General Secretary Xi Jinping’s speech at the Central Economic Work Conference on December 11, 2024.
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