As the government work report for the first year of the 15th Five Year Plan, this year's economic work approach has a different perspective from previous years,To plan for the Chinese economy in the long run and promote its economic transformation with greater determination. Based on this perspective, Tao Chuan, Chief Economist of Guolian Minsheng, found that the demand for quantity has weakened, while the demand for quality has become more prominent.Among them, some new changes are worth paying attention to:

One is to move towards interval based growth targets,The adjustment from the previous "around 5%" to "4.5% -5%" indicates that by accepting a phased slowdown in growth, space is left for high-quality development and structural reform.

The second is that the layout changes of major projects reflect the component of "quality",Compared to the list of major projects during the 14th Five Year Plan period, the proportion of new quality and productivity projects focused on cultivating new industries and tracks, and tackling cutting-edge technologies has significantly increased, becoming a hard core support for improving quality and efficiency.

The third is the acceleration of industrial deployment,Traditional industries focus on "revitalizing and improving quality", deepening their potential through equipment updates and digital transformation; The future industry focuses on "seizing high points" and cultivating new tracks with scenario openness and patient capital

The fourth is to consolidate the sense of growth and gain through improving people's livelihoods,Compared to the Central Economic Work Conference, the order of "increasing efforts to ensure and improve people's livelihoods" has been moved forward, replacing green development as a higher priority work arrangement. Promoting high-quality and full employment, improving education quality, and strengthening medical and health services have become key tasks for people's livelihood.