Entering June, along with the rising temperature is the heat of China’s economy.
Industrial production has changed from falling to rising, the decline in total retail sales of consumer goods has narrowed, the growth of foreign trade imports and exports has accelerated significantly, and financial data has exceeded expectations… A series of data released recently show that China’s economy has broken through the impact of the epidemic and is recovering for the better.
Just a month or two ago, the cloud of unexpected factors such as the epidemic was still hanging over the Chinese economy. Standing at the key node that determines the economic trend of the whole year, in the face of the complex situation of “triple pressure” superimposed “exceeding expectations”, “the epidemic must be prevented, the economy must be stabilized, and development must be safe.” Prevention and control and economic and social development. Across the country, a joint force has been formed – to fight a hard battle of dynamic clearing, and promote the rapid recovery and revival of the economy.
The scenery should be long-term. The short-term difficulties brought about by the epidemic will not change the fundamentals of China’s long-term economic growth. With the effective control of the epidemic and the accelerated implementation of a package of economic stabilization policies and measures, hundreds of millions of market players will regain their confidence, and the Chinese economy will continue to accumulate strength for recovery, join forces, and move forward toward a brighter and brighter future.
View the situation and plan the situation
Promote the continuous accumulation of recovery forces
The growth rate of industrial added value above designated size increased from -2.9% to 0.7%;
The decline in total retail sales of consumer goods narrowed by 4.4 percentage points;
The growth rate of total import and export of goods accelerated by 9.5 percentage points;
The national urban survey unemployment rate fell by 0.2 percentage points…
The economic data in May showed that compared with the previous month, the main indicators of my country’s economy (year-on-year) improved marginally, showing a positive momentum of recovery.
From the financial data that exceeded expectations in May, to the foreign investment data that increased by nearly 20% in the first five months, to the logistics industry prosperity index, PMI index, SME confidence index… A series of data are showing that my country’s economy is gradually overcoming the epidemic. Adverse effects, the circulation is gradually smooth, and weakened market expectations are being reversed.
“The positive changes in economic operation have increased, and most of the main indicators have improved. In some areas that have been hit hard by the epidemic, the economy has rebounded,” said Fu Linghui, spokesman for the National Bureau of Statistics and director of the Comprehensive Statistics Department of the National Economy.
The middle of the year is approaching, and we are currently at a critical juncture that determines the economic trend of the year. “China’s economy has released a signal of recovery.” Reuters commented on China’s economic performance in May.
Such achievements are not easy to come by.
In March, especially since April, due to the impact of the epidemic and other unexpected factors, the downward pressure on the economy has further increased, some economic indicators have weakened, and data such as transportation, consumption, and tourism have all declined sharply. China’s economy once again ushered in a new test.
The more difficult the moment, the more test of concentration and determination. In the face of various complex factors, doing your own thing well is the most certain factor injected into uncertainty.
The epidemic must be prevented, the economy must be stabilized, and development must be safe. The Party Central Committee has put forward clear requirements. “Protect people’s lives and health to the greatest extent possible, and minimize the impact of the epidemic on economic and social development.”
On the one hand, unswervingly adhere to the general strategy of “preventing imports from abroad, and preventing rebound from within” and the general policy of “dynamic clearing”; according to the new characteristics of virus mutation and spread, constantly adjust and optimize epidemic prevention and control measures. On the other hand, we will stick to the principle of stability, seek progress while maintaining stability, accurately identify changes, and respond scientifically, put stable growth in a more prominent position, and promptly plan incremental policy tools.
Observing the situation, distinguishing the situation, raising the flag and orientation – from the meeting of the Political Bureau of the CPC Central Committee to the executive meeting of the State Council, to the symposium on stabilizing growth, stabilizing market players and ensuring employment, etc., high-level meetings intensively study and judge the economic situation, and face up to “the downward pressure on the economy continues to increase” To solve the problem, it emphasizes “putting stable growth in a more prominent position” and releases a strong signal that it will make every effort to stabilize the economic fundamentals.
Remain determined and actively respond – Efficiently coordinate epidemic prevention and control and economic and social development, actively respond to unexpected changes, further open up the blockages in the industrial chain and supply chain, promote the resumption of work and production, stabilize production and increase production; reduce taxes and rebates, rent reduction, delay A package of relief policies such as tax payment was introduced and implemented in a timely manner to help market players tide over the difficulties; the policy potential was tapped according to local conditions, and a series of practical measures were launched one after another in expanding investment, promoting consumption, and stabilizing foreign trade, so as to drive the economy to run smoothly without stalling.
Rely on the front and strengthen the force at the right time – the State Council has issued a package of 33 policies to stabilize the economy in six areas. The central and local governments have formed a joint force, and all regions and departments have increased their sense of urgency, and new measures have been “dispatched.” A number of ministries and commissions have further enhanced their proactive and forward-looking work, promptly planned incremental policy tools, intensified efforts to control the situation, and focused on stabilizing the macroeconomic market.
“In response to the shock of unexpected factors in the economy, efficiently coordinate epidemic prevention and control and economic and social development, accelerate the introduction of a package of policies to stabilize the economy, and require that they be implemented and completed as soon as possible. The policy is strong and the implementation determination is strong. It is rare in management. This is a ‘very’ move to deal with the current ‘very’ difficult economic period, and it also reflects that there is still room in the toolbox of economic stabilization policies. We insist on not engaging in flood-type strong stimulus, focusing on market-based policies The main body needs to implement precise policies, leaving room for macro policies.” Xu Yingjie, deputy director of the Research Office of the Enterprise Research Institute of the Development Research Center of the State Council, told the “Economic Information Daily” reporter.
Clear the card
Break the block and stabilize the economic market
Grasp the main contradiction and solve the main problem. In the face of the complicated new situation, the word “stable” has become a problem to be solved under the “triple pressure”.
——Stabilize market players, and bail out real money effectively and effectively.
With the sound of a “ding” text message, a tax refund of more than 20 million yuan arrived at the account of Shandong Jinjing Pittsburgh Auto Glass Co., Ltd. “VAT tax refund really solves our company’s urgent needs. The company’s liquidity has been supplemented, which has strengthened our confidence in the international market and accelerated product research and development.” Chang Jiquan, Chief Financial Officer of Shandong Jinjing Pittsburgh Automotive Glass Co., Ltd. Tell reporters after the tax refund is retained.
“There is a steady stream of policy support from the Human Resources and Social Security Department, and the support for enterprises is particularly strong.” said Huang Xuefeng, a senior recruitment manager of Minhua Furniture (China) Co., Ltd., subsidies for employment training bases, subsidies for absorbing migrant workers, and social security reductions and exemptions are subsidized policies. , Enterprises enjoy real money. This year, the company has recruited more than 200 people, and achieved no layoffs or salary cuts, and wages were paid on time.
Since the beginning of this year, the domestic and foreign environments have become more complex, severe and uncertain, and market players, especially small and medium-sized enterprises, have faced more difficulties and increased pressure. The latest data from the State Administration of Taxation shows that as of June 9, a total of more than 2 trillion yuan has been added for tax rebates, tax reductions, fee reductions, and tax deferrals.
——Stabilize the overall economic market, and form a joint force in the central and local governments.
On the last day of May, the “Package of Policy Measures for Solidly Stabilizing the Economy” issued by the State Council was released. Fiscal policy, monetary and financial policy, policy of stabilizing investment and promoting consumption, policy of ensuring food and energy security, policy of ensuring the stability of industrial chain and supply chain, policy of ensuring basic people’s livelihood… 33 measures in six areas demonstrate the strength of economic stabilization.
On the first day of June, the State Council executive meeting deployed a package of policies and measures to speed up the stabilization of the economy. More than 140 billion yuan of newly added tax rebates will be basically refunded in July. The executive meeting of the State Council held on June 15 pointed out that it is necessary to base on the current steady growth and take a long-term view to promote the sustainable and healthy development of the economy. Seize the time window, pay attention to range control, not only resolutely intensify efforts to stabilize economic policies, but also do not over-issue money or overdraft the future, focus on ensuring market entities, employment, stable prices, and the macroeconomic market.
Tianjin “35 measures” to stabilize the economy, “38 measures” to stabilize the economy in Zhejiang, “43 measures” for Jiangxi to stabilize the economy, and “48 measures” to stabilize the economy in Fujian… Since the end of May, more than 20 provinces have successively issued a package of policies and measures to stabilize the economy. . You can use it up, use it up, and enjoy it quickly.
Not only “stable” but also “progress”, not only focusing on the present, but also in the long-term.
Blockages are gradually cleared up – the results of the National Bureau of Statistics survey show that a series of policies recently introduced to open up logistics and industrial upstream and downstream blocking points have shown results. In May, the proportion of enterprises reporting poor logistics and transportation decreased by 8.0 percentage points from the previous month. .
Success of major projects—At 10:53 on June 16, 5818 trains full of passengers left Xinjiang Hotan Station, and the Heruo Railway officially opened for operation. China has completed the “last piece of the puzzle” of the world’s first railway line around the desert in Taklimakan, the largest desert, and the world’s first railway line around the desert has been completed.
The reform will not stop. 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 issued to accelerate the construction of an efficient, standardized, fair competition, and fully open national unified market, and comprehensively promote the transformation of my country’s market from large to strong. The reform of the fiscal system below the provincial level has been advanced in depth, helping the construction of a unified national market and promoting the equalization of basic public services.
“When analyzing the economic situation, we must grasp the main contradiction. The current Chinese economy has both short-term and long-term problems.” Liang Guoyong, a senior economist at the United Nations Conference on Trade and Development, told the “Economic Information Daily” reporter that the impact of the epidemic should be alleviated as soon as possible and balanced as much as possible. Epidemic prevention and economic and social operation are short-term issues. It is a long-term problem to continue to emphasize economic construction as the center, adhere to reform and opening up, focus on improving the vitality of the economic system, and revive the confidence of micro-subjects.
jointing
Strengthen confidence and consolidate the recovery situation
A few days ago, it is located in the Economic Development Zone of Ruichang City, Jiangxi Province.middleThe workshop of Material Technology (Jiujiang) Co., Ltd. is very busy, the production “continuous line” and the logistics “continuous flow”, showing a booming situation of production and sales. Affected by the epidemic, the company faced the problems of narrow financing channels and high costs. Relevant departments took the initiative to send policies to the door and issued more than 1 million yuan of beneficial funds for enterprises, which solved the “urgent need”. Dai Jian, deputy general manager of Sinoma Technology (Jiujiang) Co., Ltd., said that the company plans to recruit another batch of people in the near future.
Confidence in enterprise development is inseparable from the support of policies. At present, the policy toolbox has been gradually opened, and the multi-pronged macro policy has injected a “stimulant” into the real economy.
“The policies that can be introduced should be made out, and the policies that have been introduced should be put in place as soon as possible, so that the policies can be enjoyed to the fullest. Relevant policies are conducive to stabilizing the expectations of market players, boosting confidence, and then stabilizing the economic fundamentals and overall development.” The State Council Ma Xiaobai, an associate researcher at the Enterprise Research Institute of the Development Research Center, told the “Economic Information Daily” reporter.
With the improvement of the situation, business confidence has been accumulating, and production and operation expectations are improving.
In the first four months of this year, Jiangling Group sold a total of 3,435 new energy vehicles, a year-on-year increase of over 300%. During the “May 1st” holiday, the company did not stop working and production, and it was full of horsepower to meet orders. Yang Yongming, general manager of Jiangling Group New Energy Vehicle Marketing Co., Ltd., judged that in the short term, although there are short-term factors such as rising production costs, in the long run, the development trend of new energy vehicles has not changed, and he is full of confidence in the future development.
According to data from the National Bureau of Statistics, in May, the manufacturing purchasing managers’ index, the non-manufacturing business activity index and the composite PMI output index rose simultaneously, reaching 49.6%, 47.8% and 48.4% respectively, significantly higher than the previous month’s 2.2, 5.9 and 48.4%. 5.7 percentage points.
It is necessary to boost business confidence as well as improve consumer expectations.
Adhering to the main tone of “housing, not speculating”, we will pay more attention to supporting rigid and improving housing demand-maintaining steady growth of real estate credit, supporting loans to small and medium-sized enterprises, individual industrial and commercial households, truck drivers, and individual housing severely affected by the epidemic Implement deferred repayment of principal and interest for consumer loans, etc.; speed up the progress of credit loans.
The income side and the demand side work together to further stimulate consumption potential. At present, consumer coupons continue to be issued on a large scale in many places across the country, covering key areas such as automobiles, digital home appliances, and department stores and supermarkets.
…
Standing in the middle of the year, and looking forward to the whole year, China’s economy is still facing many difficulties: looking at the world, the international environment is still complex and severe, and the Ukraine crisis has exacerbated the impact of the new crown pneumonia epidemic on the global economy; looking at the domestic situation, the epidemic prevention and control situation is still grim. Complicated, the triple pressure of demand contraction, supply shock, and weakening expectations is still prominent.
We must not only pay attention to the current difficulties, but also strengthen our confidence in development. For short-term shocks and fluctuations, we will prescribe the right medicine and solve difficulties; for the release of medium and long-term potential, we will strengthen the foundation and strengthen the body. By staying awake in the face of complex and profound changes, and being good at seizing development opportunities in the changing situation, China’s economy will be able to break out of the fog and overcome various risks and challenges.
Look at the overall situation from a corner, and watch the general situation while guarding one side. As Han Wenxiu, deputy director of the Central Finance and Economics Office in charge of daily work, said: “China’s economy is at a critical moment of overcoming difficulties and climbing obstacles. It is still faced with problems in progress and troubles in growth. Confidence and facing difficulties will surely turn challenges into opportunities and usher in a bright future, which is the basic logic of China’s economic development.”