Seizing the Critical, Decisive, and Golden Quarter
As the climb reaches the midpoint, there is no time to pause; one must press forward with renewed vigor. The third quarter is the pivotal, decisive, and golden period for the entire year's work, serving as a crucial link between the first half and the second half. The recently concluded city-wide meeting, which focused on advancing key work in the third quarter and included a forum for district and county party secretaries, analyzed Luoyang's performance in the first half of the year, particularly in economic work. It outlined key tasks for the third quarter, aiming to win the summer-autumn economic campaign, ensure the successful completion of the annual targets, and secure a strong start for the "15th Five-Year Plan."
At the meeting, Chen Chunjiang, Member of the Standing Committee of the Provincial Party Committee and Secretary of the City Party Committee, emphasized that all departments and regions must maintain strategic focus, strengthen confidence and determination, keenly grasp national macro-policy directions, actively seize development opportunities while mitigating unfavorable factors, anchor annual targets, and go all out to achieve tangible results in the third quarter.
Building Confidence from a Strong Foundation
Confidence stems from determination, and determination comes from the current trajectory. Since the beginning of the year, the city has adhered to the general principle of seeking progress while maintaining stability, focusing on the "1+2+4+N" target task system, and implementing the "1+2+10+6" work deployment. This has driven the city's economy to show a stable, improving, and innovative development trend. The regional GDP grew by 5% year-on-year, matching the provincial average and exceeding the national average by 0.3 percentage points, achieving the dual goals of time and task progress, demonstrating strong resilience and vitality.
Three key words reveal the quality of the city's economic development:
First, "Stability": Leading indicators such as industrial electricity consumption and industrial investment grew by 7.6% and 8.7%, respectively, both exceeding the national and provincial averages. Revenue from 12 key industrial chains grew by over 10%, while total retail sales of consumer goods, tourist numbers, and tourism revenue all saw steady growth.
Second, "Innovation": The city's high-tech industries, new and high-tech industries, and strategic emerging industries grew by 47.6%, 12.5%, and 28.9% year-on-year, respectively. Their share of the total industrial output value above the designated size increased by 3.1, 1.6, and 8.3 percentage points compared to the same period last year, significantly driving economic growth.
Third, "Optimization": The revenue and profit of industrial enterprises above the designated size both grew by double digits, with total profits increasing by 37.1% to a record high. The contribution of the service sector to economic growth has steadily risen.
With both quantitative growth and qualitative leaps, Luoyang, like the rest of the country and province, has delivered a commendable mid-term report card for the first year of the "15th Five-Year Plan."
Taking Decisive Action in the Golden Season
The critical season calls for critical action, and the decisive season demands a determined spirit. To fight hard in the third quarter and win decisively in the second half, we must not only "rush" for speed but also "attack" key points. We need precise strategies to respond to extraordinary situations and pragmatic efforts to achieve decisive results. First, we must clearly recognize that the foundation for sustained economic improvement is still relatively weak, with insufficient development momentum. We still face prominent problems such as slow transformation and upgrading, lack of strong major project support, weak domestic demand, uneven development among districts and counties, and many remaining risks. All departments must face these issues and strive for progress with added pressure.
Second, we must also see that the third quarter presents many important opportunities. For example, local government special bonds, ultra-long-term special treasury bonds, and new policy-based financial instruments will be issued intensively, mainly for "dual heavy," "dual new," "six networks," equipment updates, and urban renewal. This can strongly support the financing of major projects in new energy and new infrastructure, leveraging social capital to expand effective investment. Furthermore, national pilot supporting funds for manufacturing technological transformation, digital transformation of SMEs, "three new consumption," central financial support for urban renewal, and modern commercial and trade circulation systems will be disbursed in batches. Combined with special support for equipment updates and consumer goods trade-ins, this will help Luoyang promote manufacturing transformation and upgrading and expand cultural tourism consumption. Additionally, the province's accelerated construction of the "six networks," implementation of the "AI+" action, and introduction of measures to support private investment will help Luoyang seize new industrial tracks such as new energy and embodied robots, effectively countering downward economic pressure.
Opportunities, if seized, are real opportunities; if missed, they become challenges. We must make full preparations, take the initiative, and adopt a "fighting" posture and a "grabbing" momentum to firmly hold onto these opportunities. Only by truly producing "golden results" in the "golden quarter" can we lay a solid foundation for victory in the second half and ensure success for the entire year. By adhering to the principle of seeking progress while maintaining stability, fulfilling critical responsibilities, strengthening the spirit of tackling tough challenges, and seizing golden opportunities, we can fight hard in the third quarter and win decisively in the second half. With full effort to achieve the annual targets, Luoyang is sure to open up new development horizons in the first year of the "15th Five-Year Plan."
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