China Radio and Television Beijing January 19th (Reporter Li Shuo) According to the "Trading Live" report of China Central Radio and Television Station, the 2024 China Economic Annual Report was released! Data released by the National Bureau of Statistics on the 17th showed that in 2024, the annual GDP will be 134.9084 billion yuan, an increase of 5% over the previous year; the national industrial added value above the scale increased by 5.8% over the previous year; the added value of the service industry increased by 5% over the previous year. How to interpret these data? Voice of Economics interviewed Wang Jingwen, director of the Macro Research Center of China Minsheng Bank Research Institute.

Wang Jingwen analyzed that in 2024, my country's economy will achieve 5% growth mainly based on several major factors. First, make timely efforts on policies. my country has successively introduced a package of incremental policies, coupled with the continuous release of the effects of previous stock policies, which has effectively enhanced the confidence of market entities and increased market demand; second, my country's economy has resilience and potential. The continued existence of residents' consumption upgrading and improvement demand, as well as infrastructure investment and manufacturing upgrading demand, constitute a solid fundamental to promote my country's economic growth; third, external demand shows certain resilience. Imports and exports have contributed significantly to driving economic growth; fourth, there are many highlights in terms of economic quality and efficiency, mainly reflected in the continuous improvement of innovation capabilities, the further development and growth of emerging industries, and the significant results of green development.

Wang Jingwen believes that the growth of my country's industrial sector in 2024 will also be very impressive. The country strongly supports equipment updates and continues to promote scientific and technological innovation, which has a significant driving effect on the manufacturing industry. In terms of products, new energy vehicles, integrated circuits, industrial robots and other fields have developed rapidly under the dual role of policy support and demand release, and this trend will continue in 2025.

In addition, my country's service industry growth in 2024 also showed some new trends and new characteristics. Wang Jingwen analyzed that this is mainly reflected in the accelerated digital transformation, the continuous upgrading of service consumption, the deepening of integration of manufacturing and service industries, and the contribution, role and status of the service industry in economic growth. In 2024, my country will make many important arrangements to promote the development of modern service industry. In 2025, some key areas are worth paying attention to in promoting the reform and opening up of the modern service industry. In terms of deepening reform, market access reform will further relax market access for the service industry and optimize the access environment for business entities; regulatory system reform is expected to establish and improve a new credit-based regulatory system, and strengthen monitoring and analysis of the service industry market; standardization construction will further formulate and improve relevant standards for new service industries such as information technology and artificial intelligence. In terms of opening up the service industry, we will continue to promote institutional opening up, strengthen the connection between domestic and foreign regulations, and build a high-standard open institutional environment for the service industry; continue to promote access and opening up in the fields of telecommunications, medical care, education and finance; actively introduce high-quality global service resources, and strengthen international exchanges and cooperation in the service industry.