Li Yang: There is still a lot of policy space for China's economy, and the "ammunition depot" is more abundant than other countries.

　　China News Service, Beijing, November 29 (Yang Shihan) "Finance and Economics Annual Conference 2022: Forecasts and Strategies" was held in Beijing from 27th to 28th. Li Yang, member of the Chinese Academy of Social Sciences and chairman of the National Finance and Development Laboratory, was participating During the meeting, it was stated that my country’s monetary and fiscal policies this year are relatively restrained, which will have a contractionary impact on this year’s economic trends, but at the same time it also showed that China’s policy space is still large, neither reaching the ceiling nor reaching the floor. , This is toughness, flexibility, and space.

　　"(China) has a lot more ammunition in the ammunition depot than other countries." Li Yang believes that this is the institutional and mechanism conditions for China to ensure the healthy operation of the economy in the face of various situations.

　　When talking about the reasons for rising prices and rising PPIs, Li Yang believes that this should be a supply-side issue.

"We have two views on the current issue of price changes. One is that the market between consumer goods and capital goods is divided, and there are two different trends. The other is that price changes in general are not caused by monetary factors, so there is one. The corollary is that the solution to this problem depends on supply-side reforms, not on demand-side policy regulation." Li Yang said.

　　Li Yang also mentioned that to accomplish the main goals and tasks of this year's economic development, it is necessary to start with enterprises, especially small enterprises.

　　He further stated that small businesses are the mainstay of employment and innovation, and they are also related to private enterprises. At the same time, small businesses may also become mainstream in the future.

Because the economic pattern has changed, it is no longer the industrialization period, but the Internet era dominated by the service industry and informatization. In this period, large enterprises have lost their advantages. In a post-industrialized society and an informationized society, small is good. .

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