Dong Yu, executive vice-president of the China Institute for Development Planning at Tsinghua University, told Xinhua that next year's macroeconomic policies will be more precisely targeted.

It is expected to focus on additional measures and adopt a more proactive supportive approach to address issues through developmental means, further boosting confidence, Dong said.

Presently, the profound development of the new round of technological revolution and industrial transformation is unprecedented in its wide-ranging impact, he added.

Dong believes that it's crucial to take technological innovation as the driving force, leading industrial transformation and elevating industrial capabilities. This involves cultivating new pivotal industries and new domains for development to create new momentum.