The fifth national financial work conference proposed that the government will continue to deleverage the economy, take the deleveraging of state-owned enterprises as the top priority, pay attention to dealing with zombie enterprises, continuously enhance the sustainability of financial services for the real economy, and strive to strengthen the real economy and curb the virtual economy.This shows at least the following points. Firstly, besides the financial sector, the deleveraging is also carried out in the real economy. For some time in the past, the emphasis of deleveraging was on finance. However, now it is proposed that we should deleverage the economy, which leads to the identification of key point and crucial sector of "deleveraging". Secondly, we should take the deleveraging of state-owned enterprises as the top priority, and link it with the work of dealing with "zombie enterprises". In the past, finance helped the state-owned enterprises to add leverage, and the leverage of state-owned enterprises was finance. This is a difficulty that must be focused on and solved. Thirdly, in order to improve the sustainability of financial services to the real economy, the key task is to correct the deviation of economic development being separated from the real economy, and focus on strengthening the real economy and curbing the virtual economy.
