Han Wenxiu: Next year, incremental policies will be introduced and implemented based on changes in the situation to promote the synchronization of residents' income growth and economic growth

According to CCTV News, today (the 13th), at the 2025-2026 China Economic Annual Conference held by the China Center for International Economic Exchanges, Han Wenxiu, Deputy Director of the Central Financial Office in charge of daily work and Director of the Central Agricultural Office, stated that recently, international institutions such as the International Monetary Fund and Goldman Sachs have raised their economic growth forecasts for China for this year and next. Han Wenxiu mentioned that looking back at the "14th Five-Year Plan," we effectively responded to extraordinary challenges such as the century pandemic, decoupling and supply chain disruptions, and natural disasters. Our economic strength has significantly increased, with China's total economic output continuously surpassing the milestones of 110 trillion yuan, 120 trillion yuan, and 130 trillion yuan, and is expected to reach around 140 trillion yuan this year. Han Wenxiu pointed out that next year, we need to maintain stable economic growth, keep employment and prices generally stable, maintain a basic balance of international payments, and promote the synchronization of residents' income growth and economic growth. Han Wenxiu also introduced that this Central Economic Work Conference summarizes the practical work of recent years and proposes a systematic understanding of economic work under the new situation, which is to achieve the "five musts." First, we must fully tap into economic potential. An important characteristic of a major economy is its large maneuvering space, internal circulation, and the ability to be independent and self-reliant. We need to further broaden our horizons, innovate our thinking, and strive to cultivate more new growth points in expanding consumption and investment, developing technology and industries, and promoting urban-rural integration and regional coordinated development, thereby opening up new spaces for development. Second, we must adhere to the dual approach of policy support and reform innovation. Currently, cyclical, structural, and institutional issues are intertwined in China's economic development. There is no panacea; we must adopt comprehensive measures, strengthening macroeconomic regulation to alleviate short-term economic fluctuations while seizing the opportunity to deepen reforms comprehensively, seeking momentum and vitality from reforms, and promoting more endogenous economic growth. Third, we must achieve both flexibility in release and effective management. The purpose of releasing is to eliminate institutional and mechanism barriers that affect productivity development, not to let things go unchecked. The essence of management requires building a socialist rule-of-law economy and a credit economy, standardizing market order, correctly handling the relationship between government and market management, fully leveraging the decisive role of the market in resource allocation, and better playing the role of the government. Fourth, we must closely combine investment in material and investment in people. The ultimate goal of economic development is to achieve comprehensive human development and enhance people's well-being. We need to expand effective investment in the real economy and technological innovation while strengthening human resource development, promoting the coordinated accumulation of material capital and human capital, achieving mutual empowerment and promotion between investment in material and investment in people. Fifth, we must strengthen our internal capabilities to respond to external challenges. In the face of changing international circumstances and various risks and challenges, we must unswervingly focus on doing our own things well, continuously strengthening, optimizing, and enlarging the real economy, and comprehensively enhancing our independent innovation capabilities. Only by strengthening our own strength can we take the initiative and gain a competitive edge in international competition and cooperation