Guan Tao, the world's chief economist at BOC Securities, said that this year's economic work should stick to problems and results orientation, adopt policies and measures that exceed expectations from the following three aspects, and get back ahead of the market curve. The first is macro-control measures that exceed expectations to push economic operations back to a reasonable range. The second is a chemical risk prevention policy that exceeds expectations, leading to the convergence of major risk factors. Real estate, local debt, and small and medium-sized financial institutions are currently key areas for risk prevention and mitigation in China. We must adhere to the combination of short and long, treat both symptoms and root causes, and maintain the bottom line that systemic risks do not occur. The third is reform and opening up measures that have exceeded expectations, using landmark events to reshape market confidence.