网商年报坦言，2023年宏观经济复苏不及预期，小微信贷行业不良风险压力明显上升

我国发展具有坚实基础、诸多优势和巨大潜能，长期向好的趋势不会改变，我们有信心有能力保持经济持续健康发展

2023年营业收入同比降1.16%，净利润同比增1.57%；较2021年、2022年营收分别下滑8.7%、15.6%的状况，有所改观

红利类产品更受个人投资者偏爱，机构投资层面红利投资还没有达到共识，公募基金还是愿意做主动投资，而非停留在静态的股息率层面上

中国石化2023年净利超600亿元 派息率提高四个百分点；洛钼TFM项目全面达产 年产45万吨铜

当前，如果继续以“防通胀”的“过去式”思维为由拒绝全面宽松的货币政策，就会丧失应对通缩的最佳时机，造成严重的经济负向循环，给宏观经济带来风险

国家发改委发展新质生产力举措包括以科技创新引领产业创新、推进体制机制改革、扩大高水平对外开放三方面

2024年销量目标190万辆 吉利汽车称行业进入洗牌期；天齐锂业联手宁德时代、盛新锂能 投建亚洲最大固体锂矿区基础电力设施

• China aims for about 5% economic growth in 2024, supported by improved economic environment, unleashing domestic demand potential, and favorable macroeconomic policies. Challenges include insufficient effective demand, weak social expectations, and various risks.
• Key reforms for enhancing internal demand, optimizing structure, boosting confidence, ensuring livelihoods, and mitigating risks include improving long-term mechanisms for expanding domestic demand, accelerating the construction of a unified national market, implementing "two unwaverings" systems for state-owned and private enterprises, and advancing scientific innovation and financial reforms.
• Innovations are crucial for high-quality development; however, China's innovation capability faces challenges such as an unsuitable talent cultivation system, inadequate incentive mechanisms in research institutions, the limited role of enterprises in innovation, an unfit financial system for innovation funding, and micro-mechanisms that do not support innovation.

改革发展面临新的形势，在一定程度上，不深化改革就难以构建新发展格局、推动高质量发展

当前实际利率处于历史绝对高位且下行趋势已确定、实际库存水平处于历史低位、修复趋势也已开启，加之政策加持，2024年中国经济表现较2023年或有所改善

面对异常复杂的国际环境和艰巨繁重的改革发展稳定任务，以习近平同志为核心的党中央团结带领全国各族人民，顶住外部压力、克服内部困难，付出艰辛努力，新冠疫情防控实现平稳转段、取得重大决定性胜利，全年经济社会发展主要目标任务圆满完成，高质量发展扎实推进，社会大局保持稳定，全面建设社会主义现代化国家迈出坚实步伐

• China's economy aims for a 5% GDP growth in 2024, maintaining the same target as in 2023, with an emphasis on job creation and income growth. The government plans to focus on stimulating economic vitality, managing risks, and improving social expectations to sustain recovery momentum.
• Fiscal policy will moderately increase with a deficit rate set at 3%, matching the previous year's initial budget. Special long-term sovereign bonds worth 1 trillion yuan will be issued for major national projects and security capacity building. Monetary policy will ensure that the scale of social financing and money supply matches economic growth and price level targets.
• Reforms to enhance internal vitality include promoting private enterprise development, accelerating the construction of a unified national market, and planning a new round of fiscal and tax system reforms. These efforts aim to address challenges such as insufficient effective demand and weak social expectations while supporting high-quality development.

【本文系数据通用户提前专享】财政发力以中央显性加杠杆为主，支出更多向民生、科技领域倾斜，改革重点逐渐明确

财政发力以中央显性加杠杆为主，支出更多向民生、科技领域倾斜，改革重点逐渐明确

2024年财政扩张力度高于2023年，房地产可能在2024年年中企稳，建议加大对房企的融资支持力度

中国房地产市场仍未企稳，下行压力较大，该行仍维持中国全年经济增长4.6%的基础预测

经济增长预期目标为5%左右，考虑了促进就业增收、防范化解风险等需要，并与“十四五”规划和基本实现现代化的目标相衔接，也考虑了经济增长潜力和支撑条件，体现了积极进取、奋发有为的要求