Economic Daily Jin Guanping: Strengthening the bottom line thinking to do a good job in economic work.

Recently, the rise of trade protectionism has led to a sharp change in the external environment, increasing uncertainty in the world economy and putting pressure on China's foreign trade sector. A recent meeting of the Political Bureau of the CPC Central Committee made important arrangements, calling for "strengthening bottom-line thinking, fully preparing contingency plans, and solidly carrying out economic work" in order to further consolidate the foundation of stable and improving economic growth, and to deal with external shocks. Strengthening bottom-line thinking means being prepared for the worst possible outcome, striving for the best results, making early assessments of the situation, being fully prepared, and firmly grasping the initiative. Currently, under the impact of the tariff war and trade war, the international economy is far from optimistic. The latest World Economic Outlook report released by the International Monetary Fund has lowered the global economic growth forecast for 2025 from 3.3% in January to 2.8%, and the trade growth forecast from 3.2% to 1.7%. China's external demand may face a risk of slowdown, and the contribution of net exports to economic growth may be affected. Facing external pressure, it is also necessary to recognize our development advantages. A super large-scale market, a complete industrial system, an open innovation ecology, etc., provide us with the confidence to deal with external changes. In the face of a complex situation, we must estimate difficulties more fully, think about risks more deeply, and be "prepared and well-informed". It is necessary to follow the arrangements of the Political Bureau of the CPC Central Committee, take the initiative in implementing macroeconomic policies, deepen reform and opening up, focus on stabilizing employment, enterprises, markets, and expectations, and further enhance the role of consumption in driving economic growth. Being prepared and not panicking, will help to nurture new opportunities in times of crisis.