Economic development accumulates new potential energy
Our reporter Xiong Li
2021 is the first year of the "14th Five-Year Plan" and the beginning of the new journey of building a modern socialist country in an all-round way.
General Secretary Xi Jinping pointed out that “doing a good job in this year’s economic and social development work and taking the first step in my country’s development during the 14th Five-Year Plan period is of utmost importance. ".
At present, a century of changes and a century of epidemics are intertwined and superimposed, and the road to a sustainable and balanced recovery of the global economy is difficult and tortuous.
Since the Fifth Plenary Session of the Nineteenth Central Committee of the Communist Party of China, under the guidance of Xi Jinping’s Economic Thoughts on Socialism with Chinese Characteristics for a New Era, my country has effectively dealt with multiple challenges such as the complex and severe international environment, epidemics, and floods. To forge ahead with a new voyage of high-quality development.
Resilience is sufficient, and the main economic indicators remain within a reasonable range
The latest "Three Quarterly Report" of China's economy shows that, according to preliminary calculations, the gross domestic product in the first three quarters was 8,23131 billion yuan, a year-on-year increase of 9.8%, and an average growth rate of 5.2% in two years.
This year, my country has set the expected target of economic growth at more than 6%, which not only takes into account the recovery of economic operations, but also helps guide all parties to focus on promoting high-quality development.
Affected by factors such as the base increase in the same period last year and the epidemic flood situation, the year-on-year growth rate in the first three quarters was lower than that in the first half of the year, but it was still higher than the expected target of more than 6%; the momentum of expansion continued from the previous year, and the two-year average growth rate remained relatively fast. increase.
Since the beginning of this year, my country has coordinated efforts to promote epidemic prevention and control and economic and social development. Macroeconomic policies have maintained continuity, stability and sustainability, and improved forward-looking accuracy and effectiveness. Active fiscal policies have been effective, prudent monetary policies have been implemented with precision, and employment is prioritized. Policies continued to be strengthened, and various measures were taken to help companies relieve their difficulties, and economic operations continued to recover steadily.
Economic growth, employment, prices, and balance of payments are the four macro indicators for judging the "answer" of China's economy.
In the first three quarters, 10.45 million new jobs were created in my country's urban areas, completing 95% of the annual target task; the average urban survey unemployment rate was 5.2%, which was lower than the expected target of about 5.5% for the whole year.
The supply of important livelihood products is sufficient. In the first three quarters, the CPI rose by 0.6% year-on-year, which was lower than the expected target of about 3%. The steady operation of consumer prices was in sharp contrast with the high CPI growth of other economies.
The international balance of payments continued to improve. In the first three quarters, the import and export surplus of trade in goods expanded by 23.7% year-on-year, and the balance of foreign exchange reserves remained above US$3 trillion for five consecutive months.
At present, the global economy is expected to continue to recover but the momentum is slowing down.
The International Monetary Fund (IMF) recently lowered its expectations for the growth of the world and major economies this year, but it still expects China to achieve 8% growth.
"This speed is not only higher than the global average growth rate, but also higher than the growth rate of major economies. It reflects the international community's optimistic view of China's economic growth prospects, and also shows that China's economy has strong resilience and huge potential." National Bureau of Statistics The spokesperson, Fu Linghui, Director of the Department of Comprehensive Statistics of the National Economy, said.
Strong motivation and new progress in high-quality development
The Fifth Plenary Session of the 19th Central Committee of the Communist Party of China proposed that after building a moderately prosperous society in all respects and achieving the first centenary goal, we must take advantage of the momentum to embark on a new journey of building a socialist modern country in an all-round way and march towards the second centenary goal. Our country has entered a new stage of development.
In the new development stage, where is the development path?
"The new development concept and high-quality development are inherently unified, and high-quality development is the development that embodies the new development concept." General Secretary Xi Jinping clearly pointed out the way forward.
New momentum is emerging.
In the first three quarters, the added value of high-tech manufacturing and equipment manufacturing above designated size increased by 20.1% and 16.2% respectively year-on-year, which was 8.3 and 4.4 percentage points higher than the growth rate of all industries above designated size; the output of new energy vehicles and industrial robots increased year-on-year Increased by 172.5% and 57.8% respectively; new business models and new models such as live streaming and platform economy are emerging rapidly.
"my country has continued to make efforts to enhance its independent and controllable capabilities, empower the restructuring of the industrial foundation with innovation, break through the bottleneck of the industrial chain, and promote the application of high technology. It has achieved staged results. The rapid growth of the "three news" economy strongly supports sustained economic stability. The restoration and the construction of a new development pattern are accelerated.” said Guo Liyan, director and researcher of the Comprehensive Situation Office of the China Academy of Macroeconomics.
Economic benefits continue to improve.
The "six stability" and "six guarantees" measures have been further effective. The restorative growth of national fiscal revenue has been generally stable, and the per capita disposable income of residents has basically synchronized with economic growth.
In the first three quarters, the profits of industrial enterprises above designated size across the country increased by 44.7% year-on-year, and the two-year average growth rate was 18.8%.
The development of urban and rural areas has become more coordinated.
From Beijing-Tianjin-Hebei to Guangdong, Hong Kong and Macao, from the banks of the Yangtze River to the banks of the Yellow River, from Baishan and Heishui to the vast Central Plains...Major regional development strategies are implemented vigorously, and the regional economic layout with complementary advantages and high-quality development is accelerated, and the pace of common prosperity is firm and strong. .
In the first three quarters, the ratio of per capita income of urban and rural residents was 2.62, a decrease of 0.05 compared with the same period last year.
People enjoy more green welfare.
From January to August, the average PM2.5 concentration of 339 prefecture-level and above cities across the country fell by 6.5% year-on-year.
Since the Fifth Plenary Session of the Nineteenth Central Committee of the Communist Party of China, my country has also accelerated the implementation of high-standard market system construction actions, built a cornerstone of the rule of law for anti-monopoly and preventing the disorderly expansion of capital, improved a fair and transparent competition policy system, and improved market rules and systems.
Broad potential, speed up the construction of a new development pattern
"Form a strong domestic market and build a new development pattern." The Fifth Plenary Session of the 19th Central Committee of the Party insisted on expanding domestic demand as a strategic basis, and made an important strategy for building a new development pattern with the domestic cycle as the main body and the mutual promotion of the domestic and international double cycles. The deployment indicates the main direction for promoting high-quality development, realizing the "14th Five-Year Plan" and the 2035 long-term goal.
"The Party Central Committee will coordinate the domestic and international two major issues, do well in development and security, deepen the supply-side structural reforms, and continue to release the effects of supply-demand cycles, industrial cycles, and market cycles in the national economy." Guo Liyan said, "14th Five-Year Plan" "The planned major deployments, major tasks, and major projects are started in an orderly manner, the integrity of the domestic demand system is gradually improved, the internal energy driving economic growth is enhanced, and the quality and efficiency of development continue to improve.
Since the beginning of this year, the consumption of "ballast stone" has played a significant role, and investment and net exports have been strongly supported.
In the first three quarters, the contribution rate of final consumption expenditure to economic growth was 64.8%, the contribution rate of total capital formation was 15.6%, and the contribution rate of net exports of goods and services was 19.5%.
Under the new development pattern, my country continues to deepen the openness of commodity and factor mobility, and steadily expands the institutional openness of rules, regulations, management, and standards.
The Hainan Free Trade Port Law was promulgated and implemented, the negative list of Hainan’s cross-border service trade was released, the comprehensive pilot "expansion" of service industry expansion and opening up, and national exhibition platforms such as the Service Trade Fair, Canton Fair, International Import Expo, and Consumer Fair set up bridges for foreign cooperation … China has shown its determination to promote a higher level of opening up and share development opportunities with the world through practical actions, and is an important contributor to the recovery of global trade.
Foreign capital casts a "vote of confidence" in the Chinese market.
From January to September, the country's actual use of foreign capital was 859.51 billion yuan, a year-on-year increase of 19.6%; equivalent to US$129.26 billion, a year-on-year increase of 25.2%, achieving double-digit growth for the first time in the past 10 years.
A number of iconic large projects such as Huizhou ExxonMobil Chemical in Guangdong, Yancheng SK New Energy in Jiangsu, Changsha Guangqi Fiat Chrysler Automobile in Hunan, and Shanghai Kaishike Supermarket have landed or increased their capital.
At present and in the future, my country's development is still in a period of important strategic opportunities, but both opportunities and challenges have undergone new development and changes. Generally speaking, opportunities outweigh challenges.
Where are the opportunities and challenges?
The global innovation pattern and industrial chain supply chain are being reshaped, and carbon peaking and carbon neutrality are incorporated into the overall layout of economic and social development and ecological civilization construction. This provides an important opportunity for my country to actively participate in global innovation governance and climate governance and contribute Chinese wisdom.
Entering a new stage of development, the resource advantage of my country's super-large domestic market is accelerating the transformation to an international competitive advantage. The comprehensive deepening of reform and opening up will provide a strong impetus and institutional guarantee for the promotion of high-quality development.
However, the problem of unbalanced and inadequate development still exists, especially as the uncertain and unstable external environment has increased, and the risks faced by economic operations have increased.
In this regard, it is necessary to maintain strategic determination, strengthen confidence, intensify the cross-cycle adjustment of macroeconomic policies, and strive to maintain economic operations within a reasonable range.
Ride the wind and waves for thousands of miles.
Under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, based on the new development stage, implementing the new development concept, and building a new development pattern, China's economic ship will surely move forward steadily.
Xiong Li