On April 29, workers of Shanghai Kaleng Songzhi Automobile Air Conditioning Co., Ltd. inspected off-line products in the production workshop. Recently, in order to promote enterprises to resume production in an orderly manner under the premise of effective epidemic prevention, Shanghai has identified the first batch of 666 key enterprises “whitelist”, including 251 enterprises in the automobile and automobile industry chain. With both epidemic prevention and production in place, the Shanghai auto industry is steadily advancing the resumption of work and production.Photo by Xinhua News Agency reporter Zhang Jiansong
□Reporter of Xinhua News Agency “Xinhua Viewpoint”
The Politburo meeting of the CPC Central Committee held on the 29th analyzed and studied the current economic situation and economic work, and made a series of major arrangements for striving to achieve the expected goals of economic and social development throughout the year. This important meeting emphasized that the epidemic must be prevented, the economy must be stabilized, and development must be safe. This is a clear requirement of the Party Central Committee.
Prevent the epidemic and stabilize the economy
The Politburo meeting of the Central Committee made a comprehensive study and judgment on the current economic situation: the new crown pneumonia epidemic and the Ukraine crisis have led to increased risks and challenges, the complexity, severity and uncertainty of my country’s economic development environment have increased, and stable growth, stable employment, and stable prices are facing new challenges. challenge. It is very important to do a good job of economic work, to ensure and improve people’s livelihood.
The epidemic must be prevented, the economy must be stabilized, and development must be safe, which fully reflects the system theory to advance work and seek dynamic balance among multiple goals.
The meeting called for intensifying the adjustment of macro policies, solidly stabilizing the economy, striving to achieve the expected goals of economic and social development throughout the year, and keeping the economy operating within a reasonable range. Focusing on stabilizing the macroeconomic market, the meeting made a series of important policy arrangements.
“This is a key meeting held at a critical moment. It is of great significance for correctly understanding the current difficulties and challenges, stabilizing development expectations, and boosting development confidence.” said Dong Yu, executive vice president of the China Development Planning Institute of Tsinghua University.
The meeting emphasized that it is necessary to efficiently coordinate epidemic prevention and control and economic and social development according to the new characteristics of virus mutation and transmission, unswervingly adhere to the principle of people first and life first, adhere to external defense against import, internal defense against rebound, adhere to dynamic clearing, and maximize protection. People’s life safety and health, and minimize the impact of the epidemic on economic and social development.
Fully aware of the existing difficulties and challenges, the meeting proposed to speed up the implementation of the established policies, implement policies such as tax rebates, tax reductions and fee reductions, and make good use of various monetary policy tools. It is necessary to quickly plan incremental policy tools, increase the intensity of camera control, and grasp the advance and redundancy of policy-oriented policies. “Policy efforts should be appropriately advanced, and at the same time, we must grasp the degree.” Guo Liyan, director of the Comprehensive Situation Research Office of the China Academy of Macroeconomics, said.
In the “troika” driving the economy, investment and consumption constitute domestic demand and are the “main engine” of economic growth. The meeting proposed to fully expand domestic demand, play the key role of effective investment, strengthen land, energy, environmental impact assessment and other guarantees, and comprehensively strengthen infrastructure construction. It is necessary to give full play to the leading role of consumption in the economic cycle.
The 11th meeting of the Central Financial and Economic Commission held recently discussed the issue of comprehensively strengthening infrastructure construction. In addition, the “Opinions on Further Unleashing Consumption Potential and Promoting the Sustained Recovery of Consumption” put forward 20 “practical measures” to promote consumption. A series of major deployments based on the current and long-term perspective have been introduced.
Focus on key aspects
To do a good job in the current economic work, we must focus on key links. In response to the new challenges faced by stabilizing growth, employment, and prices, the meeting focused on stabilizing market players, ensuring food and energy security, stabilizing employment and people’s livelihood, and ensuring smooth and smooth operations.
Over 150 million market players are the key to ensuring employment, people’s livelihood and stabilizing the economy. The meeting proposed to stabilize market players and implement a package of relief and assistance policies for industries, small, medium and micro enterprises and individual industrial and commercial households severely affected by the epidemic.
Ensuring food and energy security is a major strategic and fundamental issue. The meeting proposed that it is necessary to do a good job in ensuring the supply and price of energy resources, and do a good job in preparing for spring ploughing. This deployment is of great significance under the current situation of increasing uncertainty in the international food and commodity markets and increasing imported inflation pressure.
Stable employment and stable prices are the main support for keeping the economy operating within a reasonable range. “Do everything possible to stabilize jobs and expand employment, and ensure that people have jobs and incomes. At the same time, ensure the supply and price of important livelihood commodities, ensure the operation of the city’s core functions, and stabilize and control the safety production situation.” Guo Liyan said.
In response to the current blockages in the supply chain and logistics of the industrial chain, the meeting emphasized that it is necessary to adhere to a national game of chess to ensure smooth transportation and logistics, and ensure the normal operation of key industrial chain supply chains, anti-epidemic and guaranteed supply enterprises, and key infrastructure.
At present, the main arteries of the national trunk highways are basically opened, the transportation capacity and volume indicators continue to improve, and the logistics security in Shanghai and other key areas is gradually improving.
Keep the bottom line of no systemic risk
Promote the stable and healthy development of the real estate market, maintain the stable operation of the capital market, and promote the healthy development of the platform economy… The meeting emphasized that it is necessary to effectively manage and control key risks and keep the bottom line of no systemic risks. This reflects the strategic consideration of overall development and security.
The real estate industry has a large scale, a long chain and a wide range of coverage, which has an important systemic impact on economic and financial stability and risk prevention. The meeting emphasized the need to adhere to the positioning that houses are for living in, not for speculation. At the same time, it proposed to “support localities to improve real estate policies based on local conditions, support rigid and improved housing needs, and optimize the supervision of pre-sale funds for commercial housing.”
“The two ‘supports’ fully reflect the central government’s attitude towards city-specific policies.” Liu Lin, a researcher at the China Academy of Macroeconomics, said that localities will adopt more targeted city-specific policies, especially to support rigid and improved housing needs. This will help stabilize market expectations and achieve a virtuous circle and healthy development of the real estate industry.
The recent volatility in the capital market has aroused widespread concern. The meeting emphasized that it is necessary to respond to market concerns in a timely manner, steadily advance the reform of the stock issuance registration system, actively introduce long-term investors, and maintain the stable operation of the capital market.
The stability of the capital market is related to financial stability and social stability. The meeting clarified that it is necessary to promote the healthy development of the platform economy, complete the special rectification of the platform economy, implement normalized supervision, and introduce specific measures to support the standardized and healthy development of the platform economy.
Building a strong and resilient national economic cycle system
The more severe and complex the situation is, the more impetus we must rely on for reform and opening up. The meeting emphasized that we must persist in running our own affairs well, accelerate the construction of a new development pattern, unswervingly deepen the supply-side structural reform, use reform methods to solve problems in development, accelerate the realization of high-level scientific and technological self-reliance and self-improvement, and build a strong and resilient construction. the national economic cycle system.
Building a strong and resilient national economic cycle system is the essence of accelerating the construction of a new development pattern. This means that in the continuous improvement and upgrading of the national economic cycle system, the ability to prevent risks and shocks must be continuously improved.
On April 10, the “Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of a National Unified Market” was released. From the “hard environment” with high-standard market facilities and connectivity to the “soft environment” with unified market infrastructure and rules, the opinions have released a clear signal of reform that comprehensively promotes the transformation of my country’s market from large to strong.
The difficulties and challenges my country is currently facing include both short-term factors and long-term accumulation of structural and institutional contradictions. The key is to practice internal strength, maintain strategic focus, and insist on doing your own business well.
The meeting emphasized that it is necessary to persist in expanding high-level opening up, actively respond to the demands of foreign-funded enterprises to facilitate their business in China, and stabilize the fundamentals of foreign trade and foreign investment.
At present, my country’s foreign trade and foreign investment are basically stable, but they are under pressure.
The more complex the situation is, the more we must tighten the strings. Always maintain a sense of crisis and urgency to create a good environment for the overall situation of stable development. The meeting emphasized that leading cadres at all levels must have a sense of responsibility of “always be at ease” in their work, take responsibility for their actions, seek truth and be pragmatic, and prevent all kinds of “black swan” and “grey rhino” incidents from happening.
(Reporters An Bei, Jiang Lin, Shen Cheng, Li Yanxia, Wang Youling, Zhang Xinxin)
(According to Xinhua News Agency, Beijing, April 29)