The Bright Forum? Authors: Wang Yue (lecturer at the Economics Teaching and Research Department of the Central Party School [National School of Administration]), Zou Yinan (professor at the Economics Teaching and Research Department of the Central Party School [National School of Administration]) Recently, the Central Economic Work Conference was held in Beijing. The meeting believes that through practice, we have gained new understanding and appreciation for doing a good job in economic work under the new situation: we must fully tap into economic potential, adhere to policy support and reform innovation simultaneously, achieve both "letting go" and "managing well", adhere to the close combination of investing in goods and investing in people, and respond to external challenges through hard work. These 'Five Musts' are full of development wisdom and are scientific understandings extracted and summarized from economic work practice, providing ideological guidance and action guidance for economic work in the first year of the 15th Five Year Plan. We must fully tap into the economic potential and point out the advantageous space for China's economic development. The essence of economic potential is the unreleased kinetic energy of productivity, which includes both the inefficient utilization of labor, labor materials, and other resources, as well as the institutional constraints that constrain the development of productivity. By fully tapping into economic potential, the demand for productivity in economic development can be activated from multiple dimensions, injecting strong momentum into high-quality development. Activating the potential of domestic demand market is the primary focus of tapping into economic potential. Domestic demand is the fundamental driving force for China's economic growth. Adhering to the strategic basis of domestic demand as the main driver, we must not only focus on boosting the vitality of the consumer market, but also adapt to the trend of upgrading household consumption, cultivate new consumption, green consumption and other growth points, and transform consumption potential into tangible growth drivers; We also need to expand the scale of effective investment and focus on key areas such as infrastructure shortcomings and strategic emerging industries. We must adhere to both policy support and reform and innovation, and clarify the driving force for promoting sustained economic growth. The core function of policy support is to anchor the "stable" development bottom line. Through targeted fiscal and monetary policies, it can stabilize market expectations, safeguard the bottom line of people's livelihoods, hedge external risks, and create a stable macro environment for economic operation. The core value of reform and innovation lies in "progress". Through theoretical innovation, practical innovation, institutional innovation and other aspects of innovation, we can break through development bottlenecks, promote the effective improvement of the economy in terms of quality and reasonable growth in terms of quantity. At the level of policy support, the meeting clarified that a more proactive fiscal policy and a moderately loose monetary policy will continue to be implemented next year. The proactive fiscal policy replaces "flood irrigation" with "precision drip irrigation", and focuses resources on grassroots areas such as "three guarantees" and technological innovation, which not only consolidates the bottom line of people's livelihood but also accumulates momentum for upgrading productivity; Moderately loose monetary policy focuses on "stabilizing growth and promoting recovery", using policy tools such as reserve requirement ratio cuts and interest rate cuts to smooth the transmission mechanism of monetary policy, achieve a virtuous cycle between finance and the real economy, and thus consolidate the macro foundation for the stable operation of China's economy. We must achieve both "letting go" and "managing well", and establish a code of conduct for the interaction between the government and the market. Balancing the relationship between an effective market and a proactive government is an inevitable requirement for adhering to and improving the socialist market economy system, ensuring stable and long-term high-quality development. 'Letting go' means fully leveraging the decisive role of the market in resource allocation, accelerating the construction of a high standard market system, and entrusting economic activities that can be effectively regulated by market mechanisms to the market, so that the whole society has stronger vitality and greater space to develop the economy and create wealth. Good management "means better leveraging the role of the government, continuously building a rule of law economy and a credit economy, creating a market-oriented, rule of law, international first-class business environment, and making the unified national market a broad stage for all types of business entities to compete fairly. We must adhere to the close combination of investing in goods and investing in people, highlighting the value orientation of comprehensive economic and social development. Investing in things and investing in people is not a simple parallel relationship, nor is it an either or substitution relationship. The two are a dynamic and symbiotic organic whole. Investing in goods is the material foundation for consolidating economic development and plays an important role in driving economic growth, creating employment, and so on. Investing in goods is not simply about building infrastructure or projects, but requires continuous investment in technological innovation, urban renewal, and modern industrial system construction to create better living conditions for the people and solidify the material and technological foundation for economic and social development. Investing in people is the core engine that activates economic growth. Human beings are the most active, dynamic, and decisive factor among the various elements of productivity, and they are the starting point and foothold of development. To promote the transformation of economic growth momentum, achieve innovation driven and demand driven, it is urgent to increase investment in people, promote the accumulation of human capital, and form a "human capital dividend". Investing in people is not simply about expanding employment and increasing income, but about achieving comprehensive human development through comprehensive investment in education equity, universal healthcare, social security, and other areas. It is necessary to cultivate internal strength through hard work to cope with external challenges, demonstrating the strategic courage of China's economy to win the great struggle. At present, the global economic recovery is weak, and the global industrial and supply chains are accelerating their restructuring. These external challenges are the "external factors" that affect economic development, while the "internal factors" such as China's own economic development foundation, industrial resilience, and innovation capability are the key to resisting risks and standing firm. Only by practicing hard and focusing more on domestic development, consolidating our own development foundation, can we transform external challenges into opportunities to force reform and stimulate potential, and use the certainty of our own development to hedge against the uncertainty of the external environment. Through hard work and internal training, we must grasp the key focus points of next year's economic work in the overall situation, and take proactive and long-term efforts in key areas such as strengthening the domestic circulation, developing new quality productive forces, stimulating the driving force and vitality of high-quality development, continuously improving people's well-being, and safeguarding the bottom line of security. (New Society)