Economists deemed that in 2024, China's economic work will give priority to scientific and technological innovation, expanding domestic demand, and preventing and defusing risks, based on the latest Central Economic Work Conference, Securities Daily reported on Tuesday.

Sci-tech innovation

Dong Zhongyun, chief economist at AVIC Securities, said: "Among the nine key tasks proposed by the meeting for next year, leading the development of a modern industrial system with scientific and technological innovation ranks first, further highlighting the important role of scientific and technological innovation in stabilizing China's economic growth, structural adjustment and transformation." He said that the meeting has clearly put forward to nurturing the development of the digital economy, artificial intelligence, biological manufacturing, commercial space industry, low-altitude economy, quantum technology, life science and other new industries, new track. The corresponding capital market investment opportunities deserve attention.

Ming Ming, chief economist of CITIC Securities, said that the perspective of the meeting on disruptive technologies, cutting-edge technologies and new quality productivity is macro and systematic, and the direction judgment is positive and novel. Among them, artificial intelligence has been written separately in a single sentence for the first time, as a representative of the subversive and cutting-edge new quality productivity. The overall policy attitude towards artificial intelligence has changed from observation and evaluation to major support, and the relevant favorable policies in the future may reach a new level.