China News Service, Beijing, December 6 (Reporter Wang Enbo) The Chinese Academy of Social Sciences released the 2022 Economic Blue Book in Beijing on the 6th, stating that it is expected that China's economic growth rate in 2021 will remain a leader among the world's major economies.
In 2022, the counter-cyclical adjustment of macroeconomic policies should be appropriately increased to promote the stable recovery of the economy.
In 2021, after experiencing the historical impact of the new crown pneumonia epidemic, the global economy began to emerge from recession, and major developed countries and emerging market economies have shown different degrees of recovery.
However, the blue book reminds that the current haze of the new crown pneumonia epidemic has not yet dissipated. The mutation of the virus has made the virus more infectious and the transmission path is more secretive. Some low- and middle-income countries have a shortage of vaccine supply and slow vaccination. The number of confirmed infections in some areas has reached a new high. Rising commodity prices, insufficient shipping capacity, tight supply chains for key components such as chips, and increasing difficulties in international macro policy coordination have further aggravated the uncertainty of the prospects for the recovery of the world economy.
The Blue Book stated that in 2021, China's economy will generally show a good recovery trend. The economic growth rate is expected to continue to be at the forefront of the world's major economies. New results have been achieved in high-quality economic development and structural transformation and upgrading. The realization of the main expected goals of economic and social development during the Fourth Five-Year Plan period laid a solid foundation.
Looking forward to 2022, the research team of the Academy of Social Sciences pointed out that considering short-term macro-control and mid- to long-term economic high-quality development needs, in order to promote a more stable and balanced economic recovery in China, the counter-cyclical adjustment of macroeconomic policies should be appropriately increased, and efforts should be made to improve cross-cutting policies. Period adjustment.
Specifically, a proactive fiscal policy must step up efforts to improve efficiency, continue to maintain a certain expenditure intensity, pay more attention to promoting industrial transformation and upgrading and human-centric urbanization, and hedge the downward pressure on economic growth; a prudent monetary policy must stabilize the amount and reduce the burden. Strengthen the stability of the growth of total credit, guide the real economy's average financing interest rate to decline, reduce the real economy's interest burden, and effectively respond to cost-propelled inflation.
The Blue Book also recommends that we adhere to the employment priority policy, expedite the elimination of structural contradictions in the labor market, strengthen the expansion and quality of urban employment; strive to ensure supply and price stabilization, and effectively reduce business operating costs; at the same time, focus on strengthening fiscal, monetary, industrial, and regional Policy coordination in areas such as competition, competition, etc. should not only prevent mutual constraints, but also avoid overlapping policies.