Huang Hanquan, Director of the Institute of Macroeconomic Research of the National Development and Reform Commission, stated in the large-scale multimedia interview program "China Economic Roundtable" that reforms can unleash vitality and motivation from all sides. By effectively implementing the landmark reform measures proposed by the central government, it will be possible to form a dual-drive of policy support and reform efforts next year, promoting sustained economic improvement. Looking ahead to 2025, Huang believes that a batch of reforms that are quick to implement and have strong effectiveness should be introduced. In response to the current financial difficulties of some local governments and grassroots finances, the meeting proposed to "coordinate and promote tax and fiscal system reforms to increase local financial autonomy." Huang believes that adjusting the matching mechanism of financial resources and responsibilities, appropriately strengthening central responsibilities, increasing the proportion of central expenditures, and simultaneously increasing local financial resources and tax bases will help solve the current local financial difficulties and debt risk issues, ensuring that local finances play a greater role in serving China's modernization efforts. (Xinhua News Agency)