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Currently, international organizations generally predict that China’s economy can still achieve economic growth of about 8% this year.

Looking at the general trend, we Fully capable and qualified to achieve this year’s economic and social development goals, the general trend of China’s long-term economic improvement will not change, and China’s economy will surely move up the track of high-quality development steadily and far.

(2) What is the stamina of consumption and investment, and how should we play the game of expanding domestic demand?

Consumption and investment are the “dual engines” for expanding domestic demand. In the first half of this year, the contribution rate of domestic demand to China’s economy exceeded 80%.

Consumption is picking up. In the first three quarters, the total retail sales of consumer goods totaled 3185.7 billion yuan, a year-on-year increase of 16.4%, maintaining double digitsRapid growth. In September, the total retail sales of consumer goods increased by 4.4% year-on-year, an increase of 1.9 percentage points from the previous month, and market sales further accelerated.

As the global epidemic spreads, the resilience of China’s consumer market has become more prominent, and the main stimulating effect of consumer demand on economic growth has become more apparent. In the first three quarters, the contribution rate of final consumption expenditure to economic growth was 64.8%, an increase of 3.1 percentage points from the first half of the year. At the same time, upgrading consumption has grown rapidly, and online consumption has continued to be hot.

Consumption is also showing ups and downs. In August, affected by the multiple outbreaks of the epidemic, consumption increased by only 2.5% year-on-year, and the growth rate dropped by 6 percentage points from the previous month, which was the lowest in the past year; in September, the epidemic was effectively controlled, superimposed on consumption promotion policies and the Mid-Autumn Festival consumption boost , Consumption further picks up.

There is no shortage of bright spots in investment. In the first three quarters, national fixed asset investment increased by 7.3% year-on-year, achieving steady growth. Among them, the year-on-year growth of investment in manufacturing was 7.5 percentage points higher than the growth rate of total investment; investment in high-tech industries increased by 18.7% year-on-year.

However, in the first three quarters, the year-on-year growth rate of total retail sales of consumer goods and fixed asset investment has slowed down compared with the first half of the year. The epidemic has repeatedly caused continuous negative effects on service consumption and contact consumption; due to the large increase in raw material costs and the impact of the epidemic and flood conditions, investment growth has slowed down.

Considering the current volatile external environment and the possible decline in export growth in the future, it is more critical to stabilize and expand domestic demand.

What is the future consumption trend? In view of last year’s base factor, this year’s consumption growth rate will generally show a pattern of “high before and low”. In October and even the entire fourth quarter, consumption will continue to recover steadily. It is expected that the total retail sales of consumer goods for the whole year is expected to reach 44 trillion yuan.

Generally speaking, China’s consumer market has huge potential, with a clear momentum for upgrading, and the foundation for consumption recovery remains sound.

What is the consumption potential of Chinese people? It can be seen from this set of data: Since the release of the National Day movie “Changjin Lake”, the box office has exceeded 5.2 billion yuan, and more than 100 million people have watched the movie. Foreign media praised this as “an amazing number that Hollywood movies cannot match since the outbreak.” . On the opening day of Universal Beijing Resort, tickets sold out quickly. The Wall Street Journal believes that “tickets in seconds” reflects the huge consumption enthusiasm of Chinese tourists.

In the future, a series of consumption promotion policies will continue to be implemented: further stabilize and boost bulk consumption, accelerate the cultivation and construction of international consumption centers, increase the development of rural markets, and promote the development of the catering market. Faster and better recovery, to promote the accelerated development of new types of consumption…Consumption potential is expected to be further released.

Stable growth in investment also has a supporting foundation. In the past few days, major projects in Zhejiang, Tianjin, Hunan and other places have started construction one after another. In the “14th Five-Year Plan” outline, the “road map” for expanding effective investment has been drawn up, and 102 major engineering projects have been steadily advanced. In the coming months, the introduction of more measures to expand domestic demand is expected to accelerate the cultivation of a complete domestic demand system, further smooth the domestic economic cycle, and more effectively stimulate the potential of China’s ultra-large-scale market.

(3) Can the “high light moment” of foreign trade continue? How to stabilize the main body and order?

Foreign trade, in the latest three quarterly report on China’s economy, it can be said to be one of the most outstanding performance among many data——

In the first three quarters, the total value of imports and exports of goods trade was 28.33 trillion yuan, an increase of 22.7% over the same period last year. In particular, exports in September were exceptionally strong, with a year-on-year growth of 28.1%, far exceeding market expectations. The stimulating effect on the national economy has continued to increase.

Since this year, some foreign institutions and foreign media have repeatedly noticed the strong growth of China’s foreign trade. According to Reuters, China’s supply chain resilience is hard to underestimate. Barclays Bank analysts said that this reflects “continuous global demand for Chinese goods.”

Under the impact of the epidemic, global trade has shrunk, but China’s foreign trade has maintained positive growth for 16 consecutive months, especially since this year has been maintaining double-digit growth: The China-Europe train, known as the “steel camel team,” has accumulated more than 40,000 trains and has become a “fate link” for all countries to fight the epidemic. In the first three quarters of shipping, the national ports completed a cargo throughput of 11.548 billion tons, an increase of 8.9 year-on-year. %; Completed container throughput of 211 million TEUs, a year-on-year increase of 9.5%.

The “highlight moment” of foreign trade stems from the “dividend effect” of China’s effective epidemic prevention and control, and it is also a manifestation of China’s long-term economic fundamentals, foreign trade resilience and strength The highlight.

The biggest uncertainty in global merchandise trade comes fromepidemic. China took the lead in controlling the epidemic, resuming work and production in an orderly manner, providing a good environment for production and export.

Behind the dazzling data, it is not without worries. Looking at the foreign trade data since the beginning of this year, from a quarterly perspective, the year-on-year growth rate of China’s imports and exports in the first, second and third quarters showed a gradual decline. On a monthly basis, the growth rate of imports and exports in September dropped by 3.5 percentage points from August.

Considering factors such as the increase in the base of foreign trade in the second half of last year, the decline in foreign trade growth this year and the overall trend of “high in the front and low in the back” is a high probability event. In particular, the recent floods, epidemics, and power supply shortages in some areas have also imposed certain restrictions on exports. Behind the surge in orders, insufficient capacity, high freight rates, rising prices of bulk commodities and raw materials, and pressure on the appreciation of the RMB exchange rate…If there are goods available, orders are not profitable, and many foreign trade companies worry about them.

How long can the “high light moment” of foreign trade last?

On the one hand, as the global epidemic is gradually brought under control, the resumption of work and production accelerates, and external demand increases, it will have a further boosting effect on China’s exports; but on the other hand , “One-off factors” such as the sharp increase in the export of epidemic prevention materials will also gradually fade. Positive and negative factors influence each other, and the challenges facing foreign trade are still not small.

Looking forward, although the growth rate of imports and exports in the fourth quarter may decline slightly, we still have reason to be confident: the fundamentals of China’s long-term economic growth remain unchanged, The development trend of stable quantity and quality increase is well supported. The domestic and international dual cycles promote each other, the added value of China’s foreign trade and the level of export products continue to increase, and a series of measures to stabilize foreign trade have been implemented successively to help alleviate the concerns of foreign trade companies.

According to the monitoring of relevant departments, by the first quarter or even the first half of next year, key foreign trade companies will still have sufficient orders. It is foreseeable that imports and exports are expected to maintain steady growth throughout the year, and foreign trade will continue to play an important role in boosting China’s economy.

(4) How to treat supply-side structural reforms and how to take the road to high-quality development?

As China’s economy is currently facing a complex and varied trend, how to deepen the main line of supply-side structural reform?

On the evening of October 21, the National Development and Reform Commission announced that it will implement step by step,Orderly promote energy conservation and carbon reduction in key industries, with the first focus on key industries such as steel, electrolytic aluminum, cement, flat glass, oil refining, ethylene, synthetic ammonia, and calcium carbide.

The more the economic development is under pressure, the more clearly the essence behind the problem can be seen, the more it can highlight the determination and determination of high-quality development.

Since the beginning of this year, the characteristics of China’s high-quality economic development have become more distinct, the economic structure has been adjusted and optimized, the quality and benefits of development have been continuously improved, and the momentum has continued to increase. In particular, the utilization rate of industrial capacity is at a relatively good level, the asset-liability ratio of enterprises has fallen, the growth of short-board investment in education and health has been faster than the growth of all investment, and the results of the supply-side structural reform have continued to be consolidated.

But at the same time, affected by factors such as the accelerated recovery of the domestic economy and the rise in international commodity prices, some resource-based industries have once again shown an expansion trend, and the “two highs” projects have been launched. The energy consumption intensity of the nine provinces and autonomous regions in the first half of the year did not decrease year-on-year but increased.

Relevant analysts warned that with the gradual control of foreign epidemics and the recovery of production capacity in major economies, it is necessary to be alert to the rise of overcapacity after export callbacks.

These phenomena highlight that the supply side is still the main contradiction between the current and future economic work, and the supply-side structural reform must and will remain the main direction of economic work——

The Politburo meeting at the end of July clearly and resolutely curbed the blind development of “two highs” projects; from the central ecological and environmental protection inspection to special inspections, many places were named and exposed; high energy consumption Industry electricity consumption is strictly controlled. Adhere to the positioning that houses are used for living, not for speculation, and do not use real estate as a means to stimulate the economy in the short term, and accelerate the development of affordable rental housing…

A series of pragmatic measures have been implemented: in September, the output of crude steel, steel, electrolytic aluminum and other products in the first half of the year respectively hit a single-month high in recent years and continued to fall, and the export volume of steel has also fallen from the high in the first half of the year to below 5 million tons.

“The slowdown in China’s economic growth is not enough to prevent it from introducing a series of policies that prioritize long-term structural reforms rather than short-term growth.” According to the analysis of the website of the Financial Times, the growth rate of 9.8% in the first three quarters is far higher than the annual economic growth target of more than 6%. This provides a “window of opportunity” for China to break away from the traditional growth model.

In fact, as early as the end of last year, the Central Economic Work Conference proposed that it is necessary to make good use of the precious time window, concentrate on promoting reform and innovation, and make a good start for the “14th Five-Year Plan” with high-quality development. Taking a good first step in building a new development pattern and seeing the new climate, we must adhere to the main line of deepening supply-side structural reforms.

To deepen the supply-side structural reforms, fundamentally rely on reforms and innovations. Since the beginning of this year, from consolidating the achievements of “three eliminations, one reduction and one subsidy”, to promoting the construction of a high-standard market system; Business environment: From supporting the Pudong New Area’s high-level reform and opening up to create a leading area for socialist modernization, to accelerating the construction of the Hainan Free Trade Port… Reform and innovation continue to be deployed, and efforts are made to break the barriers that restrict the adaptation of supply and demand and the flow of factors.

A hundred miles is half and ninety. Deepening the supply-side structural reform is a protracted battle. Grasp the general tone of the work of seeking progress while maintaining stability, firmly grasp this main line, work firmly, boldly, solidly, accurately, and never look back. China’s economy will surely usher in high-quality development. Bright prospects.

(5) How to effectively deal with the issue of power curtailment, and how to ensure a safe and stable supply of energy this winter and next spring?

Since mid-September, power supply and demand across the country have been tight, and some areas have adopted orderly power consumption measures. From September 23 to 26, some areas have The power cuts have aroused widespread concern in the society.

China’s electricity generation from coal accounts for a relatively high proportion. Electricity curtailment reflects the tight supply and demand of energy, especially coal.

From a global perspective, since the beginning of this year, with the normalization of epidemic prevention and control, the economy is gradually recovering, and global energy demand is greatly increasing; many countries have encountered energy The problem is that energy prices have risen sharply.

From a domestic perspective, the rapid growth in energy demand has led to tight coal supply and demand, and prices have risen sharply. Large-scale losses in power generation companies have affected power generation capacity and willingness.

At the same time, some provinces have experienced strong economic recovery and rapid growth in electricity demand. From January to September, the national electricity consumption growth rate reached 12.9%, and the electricity consumption growth rate in many provinces reached 16% to 20%. Such a high growth in electricity consumption has brought great difficulties to power supply. Especially in some places, the dependence on high energy-consuming and high-emission industries is stillStronger, a large number of “two highs” projects have been launched, which has exacerbated the tension between energy supply and demand.

In addition, the lack of water, electricity, and the instability of new energy output have also affected the power supply capacity.

Right now, the northern region is entering the heating season one after another. It is predicted that the temperature in the north and other areas this winter will be lower than normal, and extreme weather may even occur.

This winter, can China ensure a safe and stable supply of energy?

The sword refers to the irrational rise in coal prices—On the evening of October 19, the National Development and Reform Commission issued three articles stating that it will adopt measures including interventions in coal prices in accordance with the law. A series of necessary measures will promote the return of the coal market to rationality and ensure the safe and stable supply of energy. On the evening of the 19th, the main thermal coal futures contract “locked in” the limit for a short period of time. In the spot market, the price of coal, which has been advancing all the way, has been lowered one after another.

Accelerate the release of coal production capacity while ensuring safety. Since the end of September, a batch of production coal mines have been approved, and the average daily output has increased by more than 1.2 million tons from September. The daily output on October 18 has exceeded 11.6 million tons, a new high this year.

The National Energy Administration recently announced that it will actively promote the consolidation of new energy power generation projects and the full generation of new energy power generation projects to further improve the power supply capacity.

The market-oriented reform of coal-fired power generation on-grid tariffs has been further deepened. The fluctuation range of coal-fired power generation market transaction price is not more than 10%, in principle, not more than 15%, and expanded to not more than 20% in principle. The market transaction price of high energy-consuming enterprises is not subject to a 20% increase. .

This reform not only eases the operating difficulties of coal-fired power generation companies to a certain extent, encourages companies to increase power supply, but also can more fully transmit the pressure of rising power generation costs and curb Reasonable power consumption, and promote the transformation and upgrading of the industrial structure.

This winter and next spring, how to ensure that the people live in a safe and warm winter?

Relevant state departments have recently stated many times that they will make every effort to ensure the use of electricity and gas for the people’s livelihood this winter and next spring.

According to statistics, China’s residential electricity consumption accounts for about 15% of all electricity consumption.Residential gas accounts for less than 50% of all gas consumption. In order to ensure the stable supply of heat and electricity for people’s livelihood and stable prices, the National Development and Reform Commission promotes the full coverage of medium and long-term contracts for coal for power generation and heating and gas for people’s livelihood. At present, the contract signing rate of most provinces has reached or close to 100%, and some provinces have confirmed the coal source for medium and long-term contract coal shortages, and are stepping up the signing of contracts.

At the same time, relevant departments instruct localities and enterprises to prioritize people’s livelihood, and scientifically formulate an orderly energy use plan to ensure that people’s livelihood energy use is not affected.

(6) In the new round of restructuring of the global supply chain, how does China take the initiative?

Some countries are moving against globalization, superimposing the global impact of the new crown pneumonia epidemic, which has brought unprecedented challenges to the stability of the global industrial chain and smooth supply chain. From the shortage of anti-epidemic materials and production shutdowns, to the insufficient supply of vaccines and the “lack of cores” in the manufacturing industry, the problem of supply chain risks is becoming more and more prominent around the world.

The current “chip shortage” is just one of them. From mobile phones, televisions, computers, automobiles and other industries to 5G, artificial intelligence, Internet of Things, and autonomous driving, many are plagued by the shortage of “industrial food” chips. This also makes more and more countries realize that the layout of the supply chain cannot “put eggs in the same basket.”

Under external shocks, the longer the supply chain, the greater the risk of breakage. When it comes to supply chain, the industry’s hot words have changed from “low cost” in the past few years to “resilience” today. More and more countries have begun to consider both production efficiency and industrial safety, and the adjustment of global supply chains has accelerated.

The localization, regionalization, and decentralization of the supply chain have become more prominent: the United States and Europe and other economies have accelerated the introduction of manufacturing relocation plans to accelerate the localization of the global supply chain. While shrinking the global supply chain, multinational companies have further promoted the regionalization of the supply chain to their neighbors; in order to reduce the risk of centralized procurement, diversify and decentralize global procurement, including increasing the source of procurement outside of China.

Under this situation, will the adjustment of the global supply chain bring challenges to the safety of China’s industrial chain?

As far as the Chinese market is concerned, there are indeed some foreign-funded enterprises in China that have accelerated their layout adjustments. Especially after the outbreak, the news that foreign-funded companies have announced the closure of Chinese factories has once aroused concerns.

But it must be noted that the layout of multinational companies in China has been dynamically adjusted. With China’s industrial upgrading and changes in the comparative advantages of production factors, some multinational companies will leave and some new companies will enter. But on the whole, foreign-funded enterprises have entered more and exported less, and increased more and decreased less. The relocation of some low-end and medium-end industries is due to the laws of economic development and also conforms to the trend of high-quality development in China.

This time, China’s timely control of the epidemic has provided stability and security for the normal operation of the industrial chain and supply chain, and increased the stickiness of the layout of multinational companies. Some foreign media reported that a group of multinational companies that once wanted to leave China are planning to move their factories in Southeast Asia back to China as soon as possible. Since the outbreak of the epidemic, China has increasingly become a “reliable production location.”

China’s “magnetic attraction” for foreign investment is increasing day by day. According to the survey, more than 90% of foreign companies in China mainly face the Chinese market. China has a population of 1.4 billion and more than 400 million middle-income groups. The scale and growth potential of the consumer market are unparalleled. Coupled with the outstanding comprehensive advantages such as complete industrial facilities, complete infrastructure, and rich human resources, they have become a magnet for attracting foreign investment.

The data released by the Ministry of Commerce recently confirmed this trend: From January to September, China’s actual use of foreign capital was 859.51 billion yuan, a year-on-year increase of 19.6%, and continued to maintain The high double-digit growth highlights that China is still one of the world’s best investment destinations.

As the world’s second largest economy, how can China take the initiative in the accelerated adjustment of the global supply chain?

Under the impact of the epidemic, China’s supply chain has shown strong resilience, but it has also exposed a series of problems. In the future, it is important and urgent to focus on the interruption and blockage of the supply chain of the industrial chain and enhance stability and competitiveness.

Strengthen technological innovation and the resilience of the supply chain of the industrial chain, strengthen basic research, promote applied research, carry out special actions to reinforce the chain and strengthen the chain, implement the industrial infrastructure reengineering project, and speed up the solution” The problem of “stuck neck” is to accelerate the digital transformation of manufacturing industry and develop “specialized, special and new” small and medium-sized enterprises… China is making continuous efforts to strengthen the chain.

It is worth noting that enhancing the independent controllability of the industrial Forging stronger comprehensive competitiveness through cooperation.

Deepen the reform of the marketization of factors and fully mobilize productionFactor vitality and dividends; increase the regional and global decentralized layout to form a multi-dimensional industrial chain and supply chain system; introduce more measures to expand opening up and create a better business environment, so that China can restructure the global supply chain Occupy a more favorable position.

(7) How to treat “big cake” and “good cake”, and what do we rely on to achieve common prosperity?

Zhejiang’s demonstration zone for high-quality development and construction of common prosperity “appeared”, the tenth meeting of the Central Finance and Economics Committee studied the issue of solid promotion of common prosperity…

Since the beginning of this year, as the deployment of promoting common prosperity is gradually launched, social attention has continued to rise. At the same time, there were individual biased voices, misinterpreting the promotion of common prosperity as “eating a big pot of rice”, practicing egalitarianism, or even “robbing the rich and helping the poor.”

Under the current background and historical conditions, why put the gradual realization of common prosperity for all people in a more important position? How to promote common prosperity?

Common prosperity is the essential requirement of socialism and the common expectation of the people.

Since the 18th National Congress of the Communist Party of China, the Party Central Committee has grasped the new changes in the development stage, put the gradual realization of common prosperity for all people in a more important position, and won the battle against poverty. Building a well-off society in an all-round way has created good conditions for promoting common prosperity. Now, it has reached the historical stage of solidly promoting common prosperity.

We are moving towards the second centenary goal, adapting to the changes in the main contradictions of our society, and better satisfying the people’s growing needs for a better life. We must promote all people Common prosperity as the focal point for the happiness of the people has continuously consolidated the foundation of the party’s long-term governance.

Promoting common prosperity is also a practical need for our country’s development. At present, the problem of unbalanced and insufficient development in China is still prominent, and the gap between urban and rural regional development and income distribution is large. The new round of scientific and technological revolution and industrial transformation have profound impacts on employment and income distribution, including some negative impacts, which need to be effectively addressed and resolved.

Just like building a well-off society in an all-round way, the common prosperity of all people is an overall concept.

From a comprehensive perspective, common prosperity is 1.4 billion peopleProsperity is not the prosperity of a few people; it is the prosperity of the people’s material and spiritual lives, the realization of the all-round development of people and the all-round progress of society, and the sharing of the fruits of reform and development and a happy and beautiful life.

From the perspective of differences, the resource endowments of different regions, urban and rural areas in China are different, and the abilities and qualities of each individual are also different. Common prosperity does not mean that all regions and all people are wealthy at the same time, and it is impossible for different regions and different groups of people to achieve uniform income and living standards.

From the perspective of stages, achieving common prosperity is a long-term and arduous process. We must maintain historical patience and cannot go beyond the actual development stage; we must also do our best and do what we can to ensure and improve people’s livelihood on the basis of economic development and financial sustainability.

To achieve common prosperity, “big cake” is the prerequisite and necessary condition in high-quality development.

Common prosperity is not about raising lazy people. We must encourage hard work and innovation to become rich, create more inclusive and fair conditions for people to improve their education level and enhance development capabilities, and prevent the solidification of social classes. Unblocking the upward flow channel creates opportunities for more people to get rich, forms a development environment in which everyone participates, and avoids “involution” and “laying flat”.

Common prosperity is not just “eating a big pot of rice.” It is necessary to insist on public ownership as the mainstay and the common development of multiple ownership economies, and vigorously give play to the important role of public ownership in promoting common prosperity. At the same time, it is necessary to promote the healthy development of the non-public economy and the healthy growth of people in the non-public economy. It is necessary to allow some people to get rich first. At the same time, it is necessary to emphasize that getting rich first leads to richness and helping to become rich. Emphasis is placed on encouraging wealthy leaders who work hard, operate legally, and dare to start businesses.

One of the effective ways to achieve common prosperity is to “divide the cake” through income distribution reform.

Correctly handle the relationship between efficiency and fairness, construct a basic system arrangement for the coordination of primary distribution, redistribution, and three distributions, and increase taxation, social security, transfer payments, etc. Strength and improve accuracy. Among them, the third distribution such as charity is on a voluntary basis and plays a supplementary role in improving the distribution structure. It is not mandatory. The national taxation policy must provide appropriate incentives and cannot be misinterpreted as “robbing the rich and helping the poor.”

In the process of “dividing the cake”, expand the proportion of middle-income groups, increase the incomes of low-income groups, rationally regulate high incomes, ban illegal incomes, and promote the formation of a middle-income group in China Big and small at both endsThe olive-type distribution structure lays a solid foundation for high-quality economic and social development.

Realizing common prosperity will be an arduous and long-term task that accompanies our country’s modernization process. It must be down-to-earth and long-term success; achieving common prosperity is also our generation The goal of “visible and tangible” motivates us to fight for it more actively.

(8) What do you think about regulating the development of certain industries, strengthening anti-monopoly and preventing the disorderly expansion of capital?

Recently, relevant departments have introduced a series of regulatory measures against illegal capital expansion and monopoly.

Rectifying market order in accordance with the law and promoting fair competition are the manifestations of a mature market economy. A series of regulatory measures aimed at “disorder” and emphasized “regulation”.

In recent years, in some areas, the negative effects caused by the disorderly expansion of capital have begun to appear: forcing operators to “choose one of two” and “pinch-in-the-point mergers and acquisitions” and other behaviors It suppresses the living space of small and medium-sized enterprises and damages the market environment of fair competition; the fact that big data has become familiar and private data has been leaked infringes on consumers’ rights and interests, causing public doubts and concerns.

In the face of market chaos and the highly concentrated development trend of some industries, a series of regulatory measures are pragmatic actions necessary to promote the healthy development of related industries and promote social fairness and justice. Lift.

As the regulatory authorities have strengthened regulations on some industries, there have been a few misunderstandings and noises that “suppress the private economy”, which is totally groundless. Fair competition is the essential requirement of the market economy, and strengthening anti-monopoly and deepening the implementation of fair competition policies are the inherent requirements for improving the socialist market economy system.

The “Annual Report on China’s Anti-monopoly Law Enforcement (2020)” issued by the State Administration for Market Regulation shows that from the perspective of monopoly behavior, it involves “abusing administrative power to exclude and restrict competition.” The number of closed cases is relatively large. In terms of fields, there are more anti-monopoly law enforcement involving public utilities, medicine and other fields.

This fully proves that anti-monopoly is aimed at violations of laws and regulations, not at a specific ownership enterprise, let alone a specific enterprise with a specific ownership.

Capital isAn important force to promote the development of productive forces. After decades of sustained development, the Chinese economy has accumulated huge capital energy. Preventing the disorderly expansion of capital is to guide and regulate capital to serve the overall situation of economic and social development, and play an active role in promoting technological progress, prospering the market economy, facilitating people’s lives, and participating in international competition, rather than competing with community vendors for the final A “copper plate”.

It should be noted that through strict law enforcement and perfecting of rules, the strong monopoly and disorderly competition in some areas of society have been corrected, and initial results have been achieved in preventing the disorderly expansion of capital. Widely recognized by the public and the industry.

Data shows that under the guidance of a series of policies, the flow of capital is quietly changing. Technological innovation, new energy fields, high-end manufacturing, industrial Internet, etc. have become the capital layout New orientation.

Standardizing in development and developing in standardization will surely effectively promote innovation and promote co-governance. China is recognized as one of the leading countries in the development of the global digital economy, and it is more necessary to promote the healthy development of the industry through standardized governance. Proceeding from the strategic height of building a new competitive advantage of the country, adhere to the equal emphasis on development and regulation, and better promote the platform economy to serve high-quality development and high-quality life.

In the face of the new situation and new problems, we must pay close attention to fill in the shortcomings, especially focusing on the platform economy, technological innovation, information security, people’s livelihood and other key areas to strengthen research and make clear Rules, draw the bottom line, and set up “traffic lights” to provide a fair, transparent, and predictable and good competitive environment for various market entities to invest and start businesses and regulate healthy development.

(9) How to consolidate and expand the achievements of poverty alleviation to effectively connect rural revitalization, and how to make a good start to comprehensively promote rural revitalization?

In 2021, the focus of China’s “agriculture, rural areas and farmers” will undergo a historic shift-after the victory in poverty alleviation, we must comprehensively promote rural revitalization. How to maintain the bottom line of preventing large-scale poverty reduction and how to deploy rural revitalization is of great concern both at home and abroad.

The Party Central Committee decided that after the completion of the poverty alleviation goal and task, a five-year transition period will be established for counties that have escaped poverty from the date of poverty alleviation. During the transition period, it is necessary to maintain the overall stability of the main assistance policies.

Focusing on promoting the consolidation and expansion of the results of poverty alleviation and the effective connection of rural revitalization, China has established a dynamic monitoring and assistance mechanism for preventing the return of poverty.Carry out precise assistance and dynamic clearing of people identified as prone to return to poverty.

Do a good job in coordinating policies, teams, and funds. Maintain the continuity and stability of the policy, “support the horse and send it off”, and continue to do a good job in the follow-up support for the relocation of poverty alleviation and relocation.

Currently, the adjustment of rural revitalization institutions and teams is basically in place, more than 30 convergence policies have been steadily advanced, 160 national key rural revitalization counties have been identified, and a number of preferential support policies have been issued , To implement actions such as “Ten Thousand Enterprises Rejuvenate Ten Thousand Villages”.

During the transition period, continue to insist on the five-level secretaries to work together to consolidate and expand the results of poverty alleviation, connect and promote various tasks of rural revitalization, and continue to strengthen village assistance. By the end of August, there were 172,000 working teams in villages nationwide and 563,000 cadres in the villages, of which 186,000 were the first secretaries in the villages. There were 52,000 cadres in the villages who had expired on their own initiative and continued to be stationed in the villages.

By the end of September this year, about 5 million people have been included in the monitoring of the prevention of return to poverty. From the monitoring situation, it should be said that the bottom line of preventing large-scale poverty return can be maintained.

If the nation is to rejuvenate, the village must be rejuvenated.

The depth, breadth, and difficulty of comprehensively implementing the rural revitalization strategy are no less than poverty alleviation. The top-level design must be strengthened, with more powerful measures, and more powerful forces assembled. Advance.

The key to the layout strategy is to focus on “two guarantees”, “two key points” and “two good start and good start”-to ensure that the grain output remains at More than 1.3 trillion catties, to ensure that there is no large-scale return to poverty; to solve the two key issues of seed and arable land; to comprehensively promote rural revitalization and accelerate agricultural and rural modernization to make a good start.

In the first three quarters, the “three rural” work showed a momentum of “two stability” and “two advances”:

In terms of “two advances”, agricultural modernization has seized the “two key points” of seed and cultivated land.The census of quality resources has accelerated the construction of high-standard farmland; rural modernization has been actively deployed around the five-year action to improve the rural human settlements environment and the rural construction action, and a series of progress has been made.

The opening transcript shows a heavy weight:

——The annual grain output will hit a record high , Remained above 1.3 trillion catties for 7 consecutive years. Live pig production has fully recovered.

——The development of industries that enrich the rural people, the rural leisure tourism industry has basically recovered to the level of the same period in 2019, and the online retail sales of agricultural products have maintained double-digit growth. In the first three quarters, the per capita disposable income of rural residents reached 13,726 yuan, an actual increase of 11.2% after deducting price factors.

——The penetration rate of rural sanitary toilets has exceeded 68%, the improvement of security systems such as medical care and education for the elderly has been accelerated, and the effectiveness of rural governance has been continuously improved.

……

embark on a new journey to solve the problem of unbalanced and insufficient development. The key and difficult points remain “Agriculture, rural areas, and farmers” must take the comprehensive promotion of rural revitalization as a major historical task for comprehensively building a modern socialist country and promoting common prosperity for all people.

(10) How to keep the bottom line of financial risk prevention and how to deal with the relationship between stable growth and risk prevention?

Since the second half of the year, downward pressure on the economy has increased, risks and challenges at home and abroad have increased, and individual companies have experienced debt risks. It is very important to accurately determine the current financial risk situation.

Under the strong leadership of the Party Central Committee, after several years of continuous efforts to prevent and resolve major financial risks, important phased results have been achieved, and systemic financial risks have been prevented. The bottom line, but financial risks still exist and present new situations and new characteristics.

On the one hand, the disposal of non-performing assets in the banking industry has made great strides, Baoshang Bank and other risk institutions have handled legally and steadily, and operating P2P online lending institutions have all closed down… China’s systemic The upward momentum of financial risks has been effectively curbed. The total assets of high-risk banks currently account for only 1.4% of the total assets of the banking industry, and financial de-realization and blind expansion have been fundamentally reversed.

On the other hand, the currentThe hidden dangers of government debt risks have not yet been eliminated, some industries are at the bottom of the cycle, and the risk of individual corporate debt defaults has increased. The risks of small and medium financial institutions are mainly concentrated in a few provinces, and the uncertainty of the international financial market has increased.

Faced with the interweaving of old problems and new situations, how to firmly hold the bottom line of preventing systemic financial risks?

First of all, we must properly handle the risk issues of individual companies. The current debt default problems of individual real estate companies are due to poor management and failure to operate cautiously in accordance with changes in the market situation. Instead, they blindly diversify and expand, resulting in serious deterioration of operating and financial indicators.

It should be noted that the debt default of individual real estate companies is a case risk, and the spillover to the financial industry is generally controllable. At present, relevant departments and local governments are carrying out risk disposal and mitigation work in accordance with laws and regulations.

At the same time, actively and steadily promote the legislation and reform of real estate tax, and do a good job of pilot projects. As far as the current real estate market is concerned, reasonable funding needs are being met, risks are generally controllable, and the overall situation of the healthy development of the real estate market will not change.

Keep the bottom line of safety firmly, and handle the relationship between steady growth and risk prevention.

Entering the second half of the year, signs of insufficient domestic effective demand have gradually emerged, and the international community is facing the impact of the possible shift in monetary policy of the central bank of developed economies such as the Federal Reserve. Under this circumstance, grasping the balance between stable growth and risk prevention is a test for the financial sector.

From the data point of view, at the end of September, the 8.3% year-on-year growth rate of broad money (M2) and the 10% year-on-year growth rate of the social financing scale are basically the same as the nominal economic growth rate. Matching; the total credit volume increased steadily in the first three quarters, and RMB loans increased by 16.72 trillion yuan; China’s macro leverage ratio was 274.9% in the first half of the year, maintaining a basic stability, providing financial assistance for consolidating the momentum of economic recovery.

This is due to China’s adherence to a prudent monetary policy, attention to flexibility, precision, and reasonableness, which not only strongly supports the real economy, but also does not engage in “overwhelming flooding.”

Currently, financial management departments are strengthening international macroeconomic policy coordination to prevent external shocks, while doing a good job in cross-cycle policy design, coordinating financial support for the real economy and preventing risks, and enhancing credit The stability of aggregate growth ensures that the economy operates within a reasonable range.

Keep the bottom line of safety firmly, we must consolidate the responsibilities of all parties and form a joint force.

Preventing financial risks requires not only the financial management department to secure a system cage, but also the local government to take on corresponding responsibilities. The tenth meeting of the Central Finance and Economics Committee emphasized: We must implement the same responsibilities of local party and government and consolidate the responsibilities of all parties.

Currently, some regional financial risks still exist. The handling and resolution of these risks requires local governments to consolidate their responsibilities, prevent local fiscal risks, industry risks, and regional economic risks from transferring to financial risks, focus on improving the local credit environment and financial ecology, and help small and medium financial institutions to deepen reforms and strengthen endogenous motivation. .

The economy is prosperous, the finance is prosperous; the financial is active, the economy is active. At present, China’s economy continues to recover steadily, and the financial industry is developing steadily and healthily. China has the ability to maintain the bottom line of preventing systemic financial risks, resolve financial risks with high-quality economic development, and help China’s economy to move forward steadily with financial running water.

Ride the wind and waves, travel thousands of miles by boat.

2021 is a year of special importance in the process of modernization in China. In the overall situation of the great rejuvenation strategy of the Chinese nation and major changes in the world unseen in a century, we have taken firm steps to build a new development pattern. Although the Chinese economy faces many challenges, the opportunities are even greater.

Under the leadership of the Party Central Committee with Comrade Xi Jinping as the core, based on the new development stage, complete, accurate and comprehensive implementation of the new development concept, build a new development pattern, and promote high quality To develop, do our best to run our own affairs well, and persevere in achieving our set goals, China’s economic ship will surely be able to move forward steadily and open up a brighter future.

(Reporters Zhao Cheng, Zhang Xudong, An Bei, Han Jie, Yu Jiaxin, Zhao Xiaohui, Yu Wenjing, Gao Jing)