As the Just-concluded Central Economic Work Conference pointed out, "As China enters a new stage of development, its internal and external environment has undergone profound changes, and China is faced with many major new theoretical and practical problems, which need to be correctly understood and grasped." A very important prerequisite and basis for correctly understanding and grasping the new stage of development is to correctly understand and grasp the strategic goal and practical path of realizing common prosperity, the characteristics and behavior rules of capital, guarantee the supply of primary products, prevent and defuse major risks, and achieve carbon neutrality. This is not only because the five major theoretical and practical issues were raised from the accurate judgment of the new stage of development; All the more because the study and solution of any of these problems must be based on a correct understanding and grasp of the new stage of development. To correctly understand and grasp the new stage of development, we must first make comparative analysis. In the comparative analysis between the new stage of development and the previous stage of development, a series of prominent changes and features have taken place in the new stage of development, as well as where the new stage of development lies and where it comes from have been made clear in theory.

The "newness" of the new development stage is reflected in the step - by - step progress of development goals. After completing the building of a moderately prosperous society in all respects and realizing the first Centenary Goal, the new stage of development is a period in which we can build on the momentum and advance toward the second centenary Goal by comprehensively building a modern socialist country. Compared with "building a moderately prosperous society in all respects", "building a modern socialist country in all respects" is a higher development goal set from a new and higher starting point. Entering a new stage of development means we will make a big leap from high-speed growth to high-quality development, from catching up to leading the way, and from a moderately prosperous society in all respects to a great modern country.

The "newness" of the new development stage is reflected in the profound and complex changes of the development environment. Internationally, the world is undergoing profound changes unseen in a century. Compared with the relatively stable environment a few years ago, the current world situation is volatile and complex. Relative to a few years ago, China's industry and developed countries more complementary development reality, now more competitive rise. Coupled with the interwoven impact of the global changes and the pandemic, the international environment has become increasingly complex and unstable and uncertain. Domestically, China is in a critical period of realizing the great rejuvenation of the Chinese nation. Different from the low level of development when people's needs and the constraints to meet people's needs are mainly reflected in material conditions, with the improvement of the level of development, people's needs for a better life are increasingly extensive, and the low quality of economic development has become a constraint to meet people's needs for a better life. This requires that we must put the quality of development in a more prominent position.

The "new" of the new stage of development is reflected in the new changes in the opportunities and challenges we face. Entering a new stage of development, China is still in an important period of strategic opportunities for its development, but there are new developments and changes in both opportunities and challenges. It is up against the wind rather than up against it. Compared with the past, opportunities are easy to grasp and risks and challenges are easy to identify, now it is more difficult to grasp opportunities and identify risks and challenges. This new situation and new changes, in which crises coexist with opportunities, are organic in the midst of crises and can turn a corner, mean that opportunities in the new stage of development are more strategic and flexible, while challenges are more complex and overarching.

The "newness" of the new development stage is embodied in the complete, accurate and comprehensive implementation of the new development concept. To implement the new concept of development in the new stage of development, we must adhere to a systematic approach and deeply recognize that the new concept of development is a systematic theoretical system that is highly coupled and indivisible with innovation, coordination, green development, openness and sharing. We must follow the new vision of development in keeping with its fundamental purpose, problem-oriented approach, and mindful of potential dangers, and apply it throughout the whole process and in all areas of development. Different from the past, the new stage of development carries out the goal of the new development concept, adding "safer" to the higher quality, more efficient, fairer and more sustainable development. In the new stage of development, actions to implement the new development vision should not only keep pace with The Times, but also be more precise and practical to ensure that their implementation is detailed. All this means that in the new stage of development, we should strive to achieve higher-quality, more efficient, fairer, more sustainable and more secure development, and strike a balance between development and security.

The "newness" of the new development stage is embodied in the construction of the new development pattern. Different from previous plans that focused on macro-control, the most essential feature of building a new development pattern is to achieve a high level of self-reliance and self-improvement. Therefore, this is by no means a macro policy adjustment limited to the economic perspective and the macro-control level. Rather, it aims at achieving a dynamic balance between development and security. At the same time, different from previous decisions and arrangements that focused on economic work, building a new development pattern is a systematic and deep-seated reform that concerns the whole situation. It is not limited to the economic field or the economic system, but aims to achieve a positive interaction between high-quality development and high-level security. This shows that the construction of a new development pattern reflects the strategic consideration of balancing development and security.

From progressive stepwise development goals to profound and complex changes of development environment, to a more strategic and plasticity of new opportunities, more complexity and global new challenges, must be complete and accurate to the comprehensive implementation of new development concept and reflect overall development strategy and security considerations to build new development pattern, this a series of outstanding change reflected in the new stage of development, It shows that security plays an increasingly important role in development, and that development and security must be coordinated at a higher level and on a broader scale.

Furthermore, the new stage of development has a significant difference from the past, which is that the road of economic development is full of risks and challenges under the combination of century-old changes and epidemic diseases. Risks and challenges exist objectively in the course of economic and social operation in the new stage of development. Balancing development and security is an important methodology for macroeconomic governance. Risks and challenges are not to be feared. What is important is not to shy away from them, and to balance development and security. In the new stage of development, we should not only do things and think about problems on the basis of development, but also on the basis of security, and get used to moving forward while balancing development and security. The central Economic Work Conference made a series of new judgments, introduced a series of new measures, and used a series of new expressions on the analysis of the current economic situation and the plan for the economic work in 2022. Most of them are related to the macro context that in the new stage of development, we must respond to risks and challenges, and coordinate development and security.

For example, it is in the practice of coping with risks and challenges that we have gained a regular understanding of how to do our economic work well. On the basis of a systematic summary, the Central Economic Work Conference summarized it as "four must-haves" : we must uphold the centralized and unified leadership of the CPC Central Committee, calmly respond to major challenges, and move forward in unison. We must pursue high-quality development and take economic development as the central task is a requirement of the Party's basic line, and all Party members must concentrate on its implementation to ensure steady qualitative improvement and reasonable quantitative growth of the economy. We must make progress while maintaining stability. We must adjust policies and carry out reform in a timely and effective manner. We must strengthen overall planning and coordination and adhere to a systematic approach.

For another example, it is from the perspective of balancing development and security and facing the triple pressures of shrinking demand, supply shock and weakening expectations that the plan for the 2022 economic work made at the Central Economic Work Conference highlights the character of "stability" : We not only reiterated our commitment to the general principle of pursuing progress while maintaining stability and made clear the need for ensuring stability in our economic work next year, but also started with the goal of implementing the macroeconomic responsibilities of all regions and departments for maintaining stability, actively introducing policies conducive to economic stability, and implementing policies with an appropriate priority. Made to sound macroeconomic policy, microeconomic policies to stimulate the market main body activity, structure policy should focus on open loop of the national economy, science and technology policy to solid ground, the policy of reform and opening to activate the development power, regional policies to promote balanced development of balance, social policy should live round bottom line of the people's livelihood and a series of policy arrangement.

For another example, in response to risks and challenges and in balancing development and security, the Central Economic Work Conference stressed the need to maintain a stable and sound economic environment, a peaceful and peaceful social environment, and a clean and upright political environment, and introduced a series of practical and effective important measures. We will continue to strengthen the economic foundation, enhance our capacity for scientific and technological innovation, adhere to multilateralism, take the initiative to adopt high-standard international economic and trade rules, and promote in-depth reform and high-quality development through high-standard opening up. We will coordinate epidemic prevention and control with economic and social development, development and security, continue to ensure stability, improve people's livelihood, stabilize the macro economy, keep the economy operating within an appropriate range, and maintain overall social stability.

In short, as we enter a new stage of development, we must balance development and security in the face of all kinds of foreseeable and unforeseeable risks and challenges. We must make careful plans for development and security at the same time. Prepare for the worst and strive for the best. In times of peace, we should be alert to dangers and cautious to prevent microcodulations. We should pay attention to plugging loopholes and weak points, take the initiative, and be ready to deal with risks and challenges. To correctly understand and grasp the new stage of development is of great significance not only to correctly understand and handle new major theoretical and practical issues, but also to do a good job in the economic work in 2022 and beyond.

Source: State-owned Assets And Administration Commission of The State Council