On December 17, Zheng Xinli, former deputy director of the Policy Research Office of the CPC Central Committee, published a signed article “Economic growth should be kept within a reasonable range” in the “Study Times”. The article points out that it is entirely conditional for the average annual economic growth rate to reach about 5% during the “15th Five-Year Plan” period. First, the people's pursuit of a better life will transform into huge demand potential, solve the problem of unbalanced development between urban and rural areas, and regions, and unleash strong momentum for development. According to World Bank data, the global per capita GDP in 2024 is about 13,664 US dollars. China's per capita GDP is just close to the world average, and the potential for development is huge. Second, although China has made significant progress in industrialization and urbanization since the reform and opening up, there is still a gap compared to developed countries. The modernization of agriculture is lagging behind, and agricultural labor still accounts for 22% of workers in the whole society, limiting the increase in agricultural labor productivity. Although the urbanization rate of the resident population has reached 67%, the urbanization rate of the registered population is only 49%, and there is still plenty of room for improvement in the city's consumption capacity. Accelerating agricultural modernization and increasing the urbanization rate of the registered population will unleash huge demand potential. Third, our savings rate is still at a high level. According to data from the National Bureau of Statistics, the gross domestic savings rate reached 55.5% in 2024, far surpassing developed countries and most emerging economies. It can support continued investment growth and maintain a moderate economic growth rate.

On December 17, Zheng Xinli, former deputy director of the Policy Research Office of the CPC Central Committee, published a signed article “Economic growth should be kept within a reasonable range” in the “Study Times”. The article points out that it is entirely conditional for the average annual economic growth rate to reach about 5% during the “15th Five-Year Plan” period. First, the people's pursuit of a better life will transform into huge demand potential, solve the problem of unbalanced development between urban and rural areas, and regions, and unleash strong momentum for development. According to World Bank data, the global per capita GDP in 2024 is about 13,664 US dollars. China's per capita GDP is just close to the world average, and the potential for development is huge. Second, although China has made significant progress in industrialization and urbanization since the reform and opening up, there is still a gap compared to developed countries. The modernization of agriculture is lagging behind, and agricultural labor still accounts for 22% of workers in the whole society, limiting the increase in agricultural labor productivity. Although the urbanization rate of the resident population has reached 67%, the urbanization rate of the registered population is only 49%, and there is still plenty of room for improvement in the city's consumption capacity. Accelerating agricultural modernization and increasing the urbanization rate of the registered population will unleash huge demand potential. Third, our savings rate is still at a high level. According to data from the National Bureau of Statistics, the gross domestic savings rate reached 55.5% in 2024, far surpassing developed countries and most emerging economies. It can support continued investment growth and maintain a moderate economic growth rate.