Zheng Zhuojie: Our country's physical consumption has already ranked first in the world. This year's main focus is on consumption and investment.
The 14th National People's Congress Fourth Session held an economic-themed press conference at 3 pm on March 6th. National Development and Reform Commission Director Zheng Zhaojie stated at the press conference that efforts will be made to build a strong domestic market. China's physical consumption has already ranked first in the world, and this year's focus will be on consumption and investment. Regarding consumption, the government will continue to implement the "Two News" policy, work with the Ministry of Commerce and Ministry of Human Resources and Social Services to implement a special action to stimulate consumption, introduce new measures such as stabilizing job creation and capacity expansion, improving the quality of services, and allocate more policies and funds to better unleash consumption potential. In terms of investment, resources and efforts will be coordinated to continue promoting the "Two Heavy" construction work. In terms of the main body, the government will further increase the scale of government investment, stimulate private investment vitality, and promote the joint efforts of state-owned and private enterprises. In terms of investment direction, the implementation of 109 major projects and actions under the "14th Five-Year Plan", and the launch of a batch of actions to expand effective investment will be promoted. For example, the promotion of the "Six Networks" and the construction of key areas will continuously improve production conditions and living environment. The "Six Networks" refer to the water network, power grid, computing power network, new communication network, urban underground pipeline network, and logistics network. Key areas include comprehensive stereoscopic transportation facilities, consumption, low altitude, "artificial intelligence +", education, medical services, and other infrastructure and public service facilities. It is estimated that the investment in these areas will exceed 7 trillion yuan in the early stages of this year.
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