The annual Central Economic Work Conference was held in Beijing earlier this week, reviewing China's economic work in 2023, analyzing the country's current economic situation and arranging economic work for 2024. The meeting has clearly signaled how policymakers will seek to effectively upgrade while appropriately expanding China's economy in the next year. Despite domestic and external uncertainties, China possesses numerous advantages that help solidify its long-term positive economic fundamentals, including an enormous consumer market, a well-rounded industrial system, increasing openness to the world, and adequate macroeconomic policy space.