Entering the Future Park located in Shanghai Zhangjiang Science City, a large number of scientific and technological innovation achievements are glittering. Mesoporous materials, intelligent robots, innovative medical devices, one by one, with a sense of science and technology and a sense of the future; The C919 large passenger aircraft, the Chinese Space Station Dream Sky experiment module, and the Long March 6 A carrier rocket, a model of a large country's heavy equipment appeared prominently. Scientific and technological innovations continue to emerge, and science and technology are playing an increasingly important role in supporting them, becoming a vivid epitome of high-quality development in the new era.

At the Central Economic Work Conference, the General Secretary of Jinping Xi delivered an important speech, comprehensively summarized the economic work in 2023, profoundly analyzed the current economic situation, and systematically deployed the economic work in 2024. The meeting pointed out that "in recent years, under the strong leadership of the CPC Central Committee, we have effectively coordinated the domestic and international two overall situations, coordinated epidemic prevention and control and economic and social development, coordinated development and security, and deepened the understanding of the regularity of doing economic work in the new era", and summarized the "five must" : We must deepen supply-side structural reform and strive to expand effective demand in a coordinated manner. We must rely on reform and opening up to enhance the internal driving force for development. We must adhere to high-quality development and high-quality security. "We must adhere to high-quality development as the hard truth in the new era", this is an overall, long-term and strategic judgment made on the basis of in-depth analysis of the new historical conditions and stages of China's development, a comprehensive understanding and grasp of the practice of China's modernization drive and the general law of modernization drive in other countries, and it is consistent with the "development is the hard truth". It has also kept pace with The Times, defined the primary task and basic path of comprehensively building a modern socialist country, and charted a new direction for China's economic development. In the new era and on a new journey, we must pursue high-quality development throughout the whole process of economic and social development with the determination and tenacity that have long been a success.

Development is the Party's top priority in governing and rejuvenating the country. It is the foundation and key to solving all problems in China. Development in the new era must be of high quality. At present, the principal contradiction facing Chinese society has evolved into the contradiction between unbalanced and inadequate development and the people's ever-growing needs for a better life. "Unbalanced and inadequate development" is itself a prominent manifestation of the low quality of development. To solve this problem, we must promote economic development from quantitative expansion to qualitative improvement, from the main solution of "whether" to solve the "good". In the new development stage, without effective improvement of quality, reasonable growth of quantity will not be sustainable, therefore, high-quality development has become the process of seeking the optimal solution under multiple constraints. Only by consciously promoting high-quality development with a clear understanding of "hard principles", solving quality problems, and achieving sustained growth in quantity while substantially improving quality, can we lay the material and technological foundation for building a great modern socialist country in an all-round way, and continuously demonstrate the superiority of the socialist system with development achievements.

High-quality development is development that reflects the new development concept, and we must adhere to innovative, coordinated, green, open and shared development. During the visit to Sichuan, it was required to "further promote the reform of development mode, development impetus, development field, and development quality", and at the symposium on promoting the comprehensive revitalization of Northeast China in the new era, it was emphasized that "actively cultivate future industries, accelerate the formation of new quality productive forces, and enhance new development momentum"... Since the beginning of this year, the General secretary of Jinping Xi has put forward clear requirements for high-quality development, and pointed out the direction for various regions and departments to find a precise positioning and overcome difficulties. Adhering to the high-quality development as a hard task in the new era, and constantly realizing the development of innovation as the first driving force, coordination as an endogenous feature, green as a universal form, opening as the only way, and sharing as the fundamental purpose, we can promote China's economy from the extension expansion to the concursive development, and firmly grasp the initiative of development.

At present, to further promote economic recovery, we need to overcome some difficulties and challenges. The main problems are insufficient effective demand, overcapacity in some industries, weak social expectations, many hidden risks, blocked points in the domestic cycle, and increasing complexity, severity and uncertainty in the external environment. Effectively dealing with and solving these problems and promoting high-quality development have strengthened our confidence and confidence. In the first three quarters of this year, China's GDP grew by 5.2% year on year, maintaining the fastest growth rate among the world's major economies. Important progress was made in building a modern industrial system, breakthroughs were made in scientific and technological innovation, reform and opening up were deepened, the foundation for security development was consolidated, people's livelihood was ensured effectively, and solid steps were taken in building a modern socialist country in all respects. By focusing on high-quality development, we will be able to consolidate and strengthen the momentum of economic recovery.

Keep the right path and open a new bureau, to the vast and subtle. In the new era and on a new journey, we should bear in mind the importance of the country, take the initiative to take actions, strengthen coordination and cooperation, enhance economic vitality through scientific and technological innovation, stimulate internal impetus through comprehensively deepening reform and opening up, and form a strong synergy across the country to promote high-quality development. The Chinese economy has a bright future!

Source: State-owned Assets Supervision and Administration Commission of the State Council