People's Bank of China Financial Times Comment: Will uphold the principle of prioritizing domestic demand.

The financial director of the central bank published a commentary in the Financial Times stating that the Central Economic Work Conference was held in Beijing on December 10th and 11th. The conference focused on "how to look at the current situation" and "what to do next year", steering China's economy towards high-quality development. At the historical intersection of the conclusion of the "14th Five-Year Plan" and the planning of the "15th Five-Year Plan", the conference emphasized the importance of continuously expanding domestic demand and optimizing supply, with "adhering to domestic demand as the main driver, and building a strong domestic market" identified as the primary task for next year's economic work. Looking to next year's economic and social development goals, strengthening the domestic circulation and creating a strong domestic market, stabilizing the domestic circulation to offset the uncertainty of international circulation, must adhere to the dominance of domestic demand. Adhering to the dominance of domestic demand, expanding domestic demand in all aspects, vigorously boosting household consumption, stabilizing investment to stop the decline. Placing the dominance of domestic demand at the forefront is a profound insight of the party and the state into the current economic situation. It is necessary to fully implement the overall requirements and policy orientation of next year's economic work, accelerate the cultivation of a complete domestic demand system, form a healthy cycle where consumption and investment promote each other, and transform the potential of the super-large market into a real growth momentum.