Chengfang Street Review | Comprehensive and rapid resumption of work and production to promote positive marginal changes in the economy
Thanks to a series of countermeasures, the epidemic situation of new crown pneumonia in China has been effectively controlled, the rate of resumption of work and production has continued to increase, and the people's living order is steadily restored. With the improvement of the domestic epidemic prevention and control situation, corporate vitality and market potential will be further stimulated.
First of all, the resumption of labor resumes smoothly in various places, and there have been no cases of clusters caused by the resumption of labor. On March 22, Li Chao, vice chairman of the China Securities Regulatory Commission, said at a press conference hosted by the State Council that according to the survey in early March, "the resumption rate of more than 2,700 listed companies has been above 98%." More than 80% of employees returned. The National Development and Reform Commission also recently stated that, with the exception of Hubei and other individual provinces, the resumption rates of other provinces (autonomous regions, municipalities) across the country have exceeded 90%, of which Zhejiang, Jiangsu, Shanghai, Shandong, Guangxi, and Chongqing have approached 100%. On March 23, the latest data released by the National Health and Medical Commission showed that from 04:00 to March 22, 31 provinces (autonomous regions, municipalities) and the Xinjiang Production and Construction Corps reported 39 new cases of newly diagnosed pneumonia, all of which were overseas. Enter, add 0 for 5 consecutive days in Hubei. Overall, at present, most areas of the country are already low-risk areas. The above data shows that the current resumption of work and production is progressing smoothly.
Second, at present, China's economic operation has shown marked marginal improvement. Various economic data from January to February have sent positive signals. From January to February this year, new RMB loans reached 4.2 trillion yuan, an increase of 130.8 billion yuan year-on-year. In the first two months of this year, China's import and export to ASEAN was 594.11 billion yuan, an increase of 2%. ASEAN has become China's largest trading partner. During the same period, China's total import and export volume with the countries along the “Belt and Road” was 1.3 trillion yuan, a year-on-year increase of 1.8%, 11.4 percentage points higher than the growth rate of China's foreign trade. Chen Yulu, deputy governor of the People ’s Bank of China, pointed out at a press conference on March 22, “With the strong support of these structural monetary policies, policies to increase liquidity, and policies to guide market interest rates downward, China ’s real economy has improved marginally. From the current payment and settlement data, including deposit and loan data, the real economy continues to improve, and it is estimated that various economic indicators will improve significantly in the second quarter. China ’s economic growth will be faster Back to potential output. "
Third, we also see that some emerging industries have become new bright spots in economic growth. Although the epidemic brought a certain impact on the economic operation in the short term, during the epidemic period, some industry companies, especially new formats, new models and new products, have grown against the trend, showing many bright spots, which has also become a pull. The new engine of China's economic growth. During the epidemic prevention and control, new business formats, new models and new products grew against the trend, and the demand for emerging services such as online shopping express, fresh food e-commerce, online education, remote consultation, remote office and other services expanded rapidly. The information service industry production index increased by 3.8%. Zhou Liang, deputy chairman of the China Banking Regulatory Commission, pointed out that a recent sample survey by the China Banking Regulatory Commission showed that "the company's account activity has increased significantly, and corporate capital exchanges and fund turnover rates have accelerated significantly. In late February, it increased by 29 percentage points, which reflects from one aspect that the economic activity has begun to gradually recover. "In addition, China has a huge domestic market, a complete industry sector, and high-quality human resources. These advantages make our Economic development has strong potential and resilience.
With the resumption of work and productivity, China's economy will further recover steadily. At the same time, some new industries and new business models are also growing against the trend, releasing new growth potential, and China's long-term positive trend has not changed.
Reporter: Ma Ling