Page:2017 Report on the Work of the Government.pdf/14

 * Remain committed to the underlying principle of making progress while keeping performance stable
 * Gain a strong understanding of and put into practice the new development philosophy
 * Adapt to, approach in the right way, and steer the new normal m economic development
 * Give central importance to improving the quality and returns of development
 * Ensure that macro-level policy is consistent, industrial policy is targeted, micro-level policy injects dynamism into the market, reform policy delivers outcomes, and social policy sees basic living needs are met
 * Focus on supply-side structural reform
 * Expand aggregate demand as appropriate
 * Do better in guiding expectations
 * Strengthen the role of innovation in driving development
 * Maintain stable growth, promote reform, make structural adjustments, improve living standards, and guard against risks
 * Maintain stable and sound economic development as well as social harmony and stability

These efforts should enable us to pave the way for the 19th National Party Congress with outstanding achievements.

The developments both in and outside of China require that we are ready to face more complicated and graver situations. World economic growth remains sluggish, and both the deglobalization trend and protectionism are growing. There are many uncertainties about the direction of the major economies' policies and their spillover effects, and the factors that could cause instability and uncertainty are visibly increasing. China is at a crucial and challenging stage in its own development endeavors, and there are many salient challenges and problems in the economy.

The difficulties we face are not to be underestimated, but we must remain confident that they will be overcome. China has a solid material foundation, abundant human resources, a huge market, and a complete system of industries. It is making faster scientific and technological progress, and has a complete range of