On July ~, the Central Economic Work Conference was held in Beijing. The meeting pointed out that in 2009, our country achieved a good start in the 13th Five-Year Plan, but at the same time, there were still many outstanding contradictions and problems in economic operation. Among them, although there are cyclical and aggregate factors that cause poor economic circulation, the root cause is a major structural imbalance. We must find ways to implement supply-side structural reforms and strive to achieve a new dynamic equilibrium in supply and demand.
The signal released by the meeting shows that the focus of our government's policy is shifting from quantitative growth to qualitative growth, and making progress while maintaining stability.
Implement
the general tone of seeking progress while maintaining stability
In 2019, the international environment was complex and changeable, and the domestic reform and development tasks were arduous and arduous. However, my country's economic situation still showed a trend of slowing down, stabilizing, and improving. Characteristics: economic operation remains within a reasonable range, quality and efficiency improve, economic structure continues to be optimized, innovation supports development, and the ecological environment improves. However, uncertainties are still increasing in the current international environment, and domestic economic operations are also facing many problems.
To this end, the Central Economic Work Conference emphasized that
we must implement the general tone of making progress while maintaining stability, make progress in key areas while maintaining stability, and work hard and effectively while keeping a good grasp of the degree. for. To comprehensively deepen reform, we must avoid making random decisions and overturning the cake. Only by doing a solid job of laying the foundation and benefiting the long-term can we accumulate small victories into big victories. Only by focusing on consolidating a stable foundation, taking more practical measures to accumulate the power to enter, moderately expanding aggregate demand, promoting supply-side structural reform, and focusing more on improving quality and efficiency can we continue to expand the positive economic momentum and achieve economic growth. Stable and healthy development and social harmony and stability.
In fact, my country's economic development requires both strategic determination and historical patience. The focus is on stability and progress. Among them, stability is the overall situation and progress is the direction. Only stability can provide favorable external conditions for comprehensively deepening reform and enable the reform task to be smoothly advanced. The purpose of stabilization is to advance, and to break through deep-seated institutional barriers through advancement, inject endless power into the sustained and healthy development of the economy and society, and thereby improve the quality and efficiency of economic operations.
In-depth advancement
Three reductions, one reduction and one supplementation
In 2019, my country will continue to deepen supply-side structural reforms. Only through supply-side structural reform can we stimulate the motivation and vitality of innovative entities and transform our country's economy from a sweat-based economy to a smart-based economy. In 2019, our country will further promote the three reductions, one reduction and one supplementation. We must simultaneously implement the innovation-driven strategy, actively and steadily promote the survival of the fittest, help enterprises reduce costs, resolve real estate inventory, and maintain effective investment intensity. While carrying out supply-side reforms, the demand side cannot be neglected.
Among the methods to reduce overcapacity, corporate bankruptcy and mergers and reorganizations are relatively common. However, this Central Economic Work Conference specifically emphasized that there should be more mergers and reorganizations and less bankruptcy and liquidation, which means that the central government has fully considered the staged and structural unemployment pressure that this form of bankruptcy may bring and the resulting social and livelihood issues. It is foreseeable that in future actual operations, my country will not only further reduce excess production capacity in coal, steel, cement, electrolytic aluminum, flat glass, etc., but also pay more attention to improving effective investment, while alleviating the structural shortage of related products. Explore new growth points and realize the due meaning of the supply-side structural reform theme.
Seize the key breakthrough in the reform of state-owned enterprises
The real economy is the foundation of a strong country and the foundation of enriching the people. Our country's real economy is large in size and rich in industries, and has achieved outstanding results in many aspects. However, what cannot be ignored is that the problem of uneven development still plagues the real economy. Under the new normal of economic development, the Central Economic Work Conference emphasizes quality improvement, innovation-driven, brand building, and advocates the spirit of craftsmanship, which is the key to the development of the real economy. Therefore, revitalizing the real economy must be closely integrated with supply-side structural reform. The Central Economic Work Conference proposed that efforts should be made to revitalize the real economy, which actually gave encouragement to industrialists.
The meeting pointed out that although my country's reform tasks are arduous, reforms including state-owned enterprises, finance and taxation will be significantly advanced. Among them, the reform of state-owned enterprises is a key area of the current economic system reform, which is related to many elements such as overcapacity, deleveraging, and destocking in the supply-side structural reform. Only by seizing the key breakthrough of state-owned enterprise reform can other problems be easily solved. The real economy should fully seize the favorable conditions and continue to move towards the mid-to-high end with more effective support and resource tilt opportunities.
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