"China's Economic Strategy: Balancing Confidence and Concerns for 2024"

China aims for a 5% GDP growth target this year but faces challenges due to overcapacity, real estate and debt crisis. To achieve this, China may resort to infrastructure projects and issue "ultra-long" special treasury bonds to fund major projects aligned with national strategies. The focus is on modernizing the industrial system and developing new quality productive forces to drive longer-term growth, with emphasis on industries such as artificial intelligence, new-energy vehicles, and innovative drugs.