Author: GAO Zhanjun YANG Weimin

China's economy is on a trajectory toward full recovery and stronger growth. The meeting of the Political Bureau of the Central Committee of the Communist Party of China on April 28 pointed out that the current improvement in China's economic operation is primarily restorative，with the endogenous driving force not yet robust. At the meeting on July 24，it was reiterated that China's economy faces new challenges. As we are currently in an era of uncertainties，and new challenges are constantly emerging，the question of how to foster growth and empower the real economy becomes a pressing concern.

Amid these challenges，the 19th National Congress of the Communist Party of China has proposed that China’s economy has shifted from a high-speed growth stage to a high-quality development stage，and is in a critical period of transforming the development mode，optimizing the economic structure，and

transforming the growth momentum. As China undergoes this economic transition，questions arise about the criteria to evaluate progress，the principles guiding decision-making，and the strategies for policy formulation.