On November 14, Zhejiang Province held a video and teleconference on stabilizing the economy, promoting adjustment, and accelerating industrial transformation and upgrading. This is another province-wide conference of similar scale—bringing together tens of thousands of participants—since the province’s last industrial economic video and teleconference in 2005. In addition to the heads of relevant provincial departments, some enterprises directly under the provincial and ministerial authorities, universities, research institutes, and provincial-level industry associations attending the meeting, key officials from cities, counties (city districts), as well as responsible persons from major local enterprises, also participated in the conference at sub-venues.
　　

In response to new developments and emerging issues in economic operations, the Zhejiang Provincial Party Committee and Provincial Government promptly put forward a guiding principle of addressing both the symptoms and root causes, maintaining stability while promoting adjustment. This approach not only focuses on the immediate situation to ensure steady economic growth and social harmony and stability, but also looks ahead to the long term, seizing opportunities to accelerate economic transformation and upgrading. The difficulties and challenges encountered in economic operations have, in fact, created a compelling incentive mechanism, driving Zhejiang to more deeply implement the Scientific Outlook on Development and to more urgently advance economic structural adjustments and shifts in development models.

It is understood that Zhejiang will adopt a three-pronged approach—promoting stable growth in exports, fostering moderate growth in investment, and actively expanding consumer demand—to ensure steady and relatively rapid economic development.

In terms of expanding exports, we should comprehensively employ policy measures such as export tax rebates, the Foreign Trade Development Fund, and fiscal interest subsidies to support the export of products with independent brands and core technologies, as well as large-scale machinery and equipment and competitive, labor-intensive products in sectors like agriculture, light industry, and textiles. We should also guide and encourage enterprises to further optimize their product and market structures, innovate their business models, and strive to maintain stable export growth.

In terms of expanding investment, it is essential to ensure that investment maintains a reasonable scale on the basis of optimizing its structure. In particular, we must strengthen the implementation of major projects that directly benefit people’s livelihoods, large-scale infrastructure projects, major engineering projects that help bolster the momentum of economic development, and key projects aimed at adjusting, optimizing, and upgrading industrial structures. We should also guide and support enterprises in increasing their investments in the development of new products as well as in the application of new technologies, new processes, and new equipment.

In terms of expanding consumption, we must integrate the expansion of consumption with the improvement of income distribution policies, with the creation of more employment opportunities, and with the development of the service sector. We should earnestly implement the action plans for "equalizing basic public services" and "increasing incomes of low-income groups," thereby boosting the incomes of urban and rural residents—especially those facing difficulties—stabilizing consumer expectations among residents, and improving consumption conditions in rural areas.

Meanwhile, Zhejiang has put forward a six-character guiding principle—“Resolve Difficulties, Provide Support, and Offer Services”—placing great emphasis on helping enterprises overcome their challenges. It promptly identifies and addresses emergent issues, creating favorable conditions for struggling businesses to weather the winter safely. “Resolving difficulties” means assisting enterprises—especially small and medium-sized ones—in navigating tough times and helping them tackle a range of pressing challenges. “Providing support” involves introducing relevant policies to vigorously back enterprises in restructuring, fostering independent innovation, promoting energy conservation and emission reduction, and expanding market access. “Offering services” means that when enterprises face difficulties, government departments must genuinely enhance their service awareness, transform their work styles, go deep into the grassroots level to relieve enterprises’ burdens and solve their problems, and stand firmly by their side with sincere service to jointly overcome these challenging times.