China-Singapore Jingwei Client, July 29 (Song Yafen) In the recent real estate work symposium, "persisting in not using real estate as a short-term economic stimulus" was again mentioned. What signal has the relevant department released this time? While the global epidemic situation is still not over, without relying on real estate to stimulate the economy in the short term, what short-term and long-term measures can be used to stimulate China's economic growth?

Recalling now has important practical significance

　　Based on the effectiveness of China's epidemic control and resumption of work and production, market confidence is recovering. In the first half of the year, China's stock market rose sharply, and the real estate market in some cities was also booming, with sales rebounding sharply. This may also be an important background for the relevant departments to mention "persisting in not using real estate as a short-term economic stimulus".

　　Xu Hongcai, deputy director of the Economic Policy Research Institute of the China Policy Research Society, told the Sino-Singapore Jingwei Client: "This statement has been said many times, and it has special practical significance to mention it again. Recently, there are signs of recovery in housing prices in some central cities. Therefore, we must take precautions to prevent a sharp and strong rebound. Because the sharp rise in housing prices has a great side effect on the economy and is not conducive to the stable development of the real economy."

　　"In addition, high housing prices are also a great harm to the consumption power of the people. If the bubble bursts in the future, it will also be a potential risk. Therefore, it must be fine-tuned and precisely controlled. At this time, we will mention'persistence on not using real estate as a short-term economic stimulus. "The means of this is targeted, it is vaccinations." Xu Hongcai added.

　　Xu Hongcai believes that emphasizing "insisting on not using real estate as a short-term economic stimulus" will help promote the steady and healthy development of the real estate market, help guide the orderly flow of funds into the real economy, especially small and micro enterprises, and help promote the industry. Structural adjustment and cultivation of new momentum.

What will boost China's economy in the short and long term?

　　The real estate market once played a huge role in stimulating the rapid growth of China's economy, so without the huge "accelerator" of real estate, what other "accelerators" can be used to stimulate China's economic recovery in the future?

　　In this regard, Li Xunlei, chief economist of Zhongtai Securities, pointed out in an interview with the Sino-Singapore Jingwei client that short-term stimulus mainly depends on infrastructure, while long-term stimulus depends on domestic demand. “Investment is the main driving force for China’s economic growth. Investments include infrastructure investment, real estate investment, and manufacturing investment. Affected by the epidemic, the current total demand for manufacturing investment has decreased, and infrastructure investment will definitely play a leading role. In terms of domestic demand, government departments may meet in the future. Continue to introduce some policies to stimulate consumption."

　　According to the Sino-Singapore Jingwei client, as the epidemic situation in China gradually stabilizes, related consumer areas are constantly being liberalized, and promotion fee policies such as encouraging cross-provincial tourism and 2.5-day small holidays have been introduced. Recently, the Beijing Municipal Government issued another 1.5 million vouchers for government and enterprise consumption to restart the consumption season.

　　Xu Hongcai believes that economic recovery will take a long time.

　　First, repair the industrial chain and supply chain. The industrial chain can realize the smooth flow of the internal and external cycles of China's economy. Second, to create more employment opportunities, this is a prerequisite for stable consumption. Because the steady growth of consumption depends on the steady increase of residents' income. Third, we must deepen reforms to create a higher-level business environment and activate the motivation and vitality of market players. Fourth, we must increase innovation, promote technological progress, and cultivate new kinetic energy. Fifth, the implementation of various policies to get through the last mile is crucial, so the execution of policies should be improved. (Zhongxin Jingwei APP)

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