CCTV News (News Network): my country's GDP exceeds 134 trillion yuan in 2024, and its comprehensive national strength has reached a new level. From the first time in 2020 to the 100 trillion level, to the current level of more than 134 trillion yuan, facing the challenges brought by profound changes in the domestic and international situation, the Party Central Committee with Comrade Xi Jinping as the core has calmly responded and comprehensively implemented policies, mastered the Chinese economic ship to move forward through the waves, and embarked on a path of continuous upward and new high-quality development.

This continuous upward growth curve is the growth trajectory of China's economy in the past five years. If 10 trillion yuan is one step, China's GDP will continue to rise to four major steps: 1 million, 1.1 million, 1.2 million and 130 trillion yuan, successfully achieving the "four consecutive jumps". China's economic growth rate has always been higher than that of major developed economies in the world, and the annual average growth rate of 4.8% is far higher than the average growth rate of the world economy of about 2.8% during the same period.

The seemingly ordinary and the most extraordinary, but it is easy but difficult. At present, major changes unseen in a century are accelerating, reaching a new historical juncture, with unprecedented difficulties and challenges. The Party Central Committee with Comrade Xi Jinping as the core has led China's economy to climb over obstacles, overcome difficulties, and overcome major tests time and time again. In the second and third quarters of 2024, the downward pressure on China's economy increased. Faced with new situations and new problems, General Secretary Xi Jinping decisively directed and deployed a package of incremental policies to effectively boost social confidence, the economy rebounded significantly, and steadily achieved the annual growth expectation of 5% growth.

Short-term problems must be "breaking the deadlock", and long-term development must be planned with the wisdom and determination that penetrates time. Faced with the new development stage, General Secretary Xi Jinping proposed to accelerate the construction of a new development pattern with the domestic circulation as the main body and the domestic and international circulations mutually promoting each other, clarifying the path choice for my country's economic modernization; facing the huge opportunities and challenges brought by the new round of industrial revolution, he proposed to develop new quality productivity and take the initiative to grasp the initiative in future development.

Walking forward under pressure, in 2024, my country will continue to promote the effective quality improvement and reasonable quantitative growth of the economy, with high-quality development full of color, and innovation is becoming the main engine of economic growth. In 2024, the intensity of my country's R&D funding investment reached 2.68%, an increase of 0.1 percentage point over the previous year, and the basic research funding increased by 10.5%, accounting for 6.91% of the R&D funding. New achievements have been made in the fields of integrated circuits, artificial intelligence, quantum communication, etc., Chang'e-6 has made its first sample of the lunar back sampling, Dream exploration of the ocean, and a 400-kilometer EMU model of the CR450 EMU with a speed of 400 kilometers per hour. In the latest global innovation index ranking released by the World Intellectual Property Organization, my country ranks 11th and is also one of the economies with the fastest increase in innovation in the past 10 years.

Driven by innovation, the industry's renewal and upgrading has shown "acceleration". Researchers at the National Information Center have discovered such changes from the industry efficiency index that has been tracked for many years.

Now, one of every five industrial enterprises in China is engaged in strategic emerging industries, and has built nearly 10,000 digital workshops and smart factories. In just five years, the penetration rate of the digital economy to the second and tertiary industries has increased by about 8 and 11 percentage points respectively.

Green development continues to inject impetus into economic transformation and build the world's largest and most complete clean energy industry chain; the total installed capacity of renewable energy power generation accounts for more than 50%, which is historically higher than thermal power installed capacity.

The Third Plenary Session of the 20th Central Committee of the Communist Party of China has deployed more than 300 major reform measures to thoroughly break down market access barriers and promote fair opening of infrastructure competitive fields to business entities; support capable private enterprises to take the lead in undertaking major national technical research tasks... A series of landmark reform measures have continuously released economic vitality and accumulated new momentum for the acceleration in the future.

Earing 2025, a package of incremental policies has been accelerated and implemented, and major projects in various places have been intensively started. Among the 102 major projects in the "14th Five-Year Plan", more than 96% have started construction or completed. This year, my country will increase the issuance of ultra-long-term special treasury bonds and support the construction of "two-fold" more vigorously; the "two-new" policies will be strengthened to expand new consumption scenarios represented by the ice and snow economy, and ignite a new engine of domestic demand.

Although the dream is far away, you can achieve it if you chase it; although the wish is difficult, you can fulfill it if you hold it. Under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, China's economic ship strives to embark on a new journey towards the broad prospects of Chinese-style modernization.