China’s real estate market is large in scale and involves a wide range of areas, which has a systemic impact on macroeconomic operation. At present, the relationship between supply and demand in the real estate market has undergone major changes, and the market is in the process of adjustment. We need to persist in seeking progress while maintaining stability, establishing first and then breaking through, use reform methods to solve problems in the process of progress, accelerate the transformation of new and old development momentum, and provide diversified and strong driving force support for high-quality development. The focus should be on three aspects.

First, we must promote the steady and healthy development of the real estate market. Recently, there have been positive changes in the real estate market. We must adhere to the combination of digesting the stock and optimizing the increment, further implement and improve the new real estate policy, do a good job in ensuring the delivery of housing, and revitalize the stock of commercial housing and land resources. In the next step, it is necessary to implement the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, accelerate the construction of a new model of real estate development, eliminate the disadvantages of the past model of “high debt, high turnover and high leverage”, build a “good house” that meets the new expectations of the people, better meet the demand for rigid and improved housing, and establish basic systems such as financing, finance and taxation, land and sales. It should be pointed out that China’s new urbanization is still advancing, and there is still considerable room for high-quality development of real estate.

Second, we must accelerate the development of emerging industries and future industries, and cultivate and expand new economic growth engines. In recent years, China has formed a number of advantageous industries such as high-end equipment, new energy vehicles, and photovoltaics, and emerging industries such as a new generation of information technology, new materials, low-altitude economy, and new energy storage have developed well, and more than 140,000 specialized, special and new small and medium-sized enterprises have been cultivated. In accordance with the deployment made in the “Decision” of the Third Plenary Session of the CPC Central Committee, we should develop new quality productive forces according to local conditions, vigorously cultivate and expand emerging industries, lay out and build future industries, transform and upgrade traditional industries, promote the high-end, intelligent and green development of the manufacturing industry, form a number of emerging pillar industries, and continuously enhance the development of new momentum and new advantages.

Third, it is necessary to expand domestic demand, especially consumer demand, and enhance the endogenous power and reliability of the domestic cycle. In the face of the new international environment, we must stabilize the basic market of foreign trade and foreign investment, and constantly expand China’s development space. At the same time, it is necessary to fully tap the potential of domestic demand, make full use of the advantages of the domestic super-large-scale market, give full play to the basic role of consumption and the key role of investment, and promote China’s economy to achieve effective qualitative improvement and reasonable quantitative growth. China’s economy is a large economy, with great potential for domestic demand and internal circulation, as long as we do our own things well, we can ensure that the national economy is circulating smoothly and steadily.