To achieve the annual growth target, China has the confidence (2021 China Economic Answer Sheet①)

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  2021 is the first year of the "14th Five-Year Plan" and the beginning of a new journey to comprehensively build a modern socialist country. China's economic development has attracted global attention.

  Since the beginning of the year, in the face of profound changes in the domestic and international environment, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at the core, China has established a new stage of development, implemented new development concepts, built a new development pattern, promoted high-quality development, and sustained a stable economic recovery. In addition, the stability and stability are strengthened and the stability is improved, which has also contributed positive forces to the global economy.

  At present, the global epidemic situation and economic trends are becoming more complicated, and the risks and challenges remain unabated. How to look at China's economy in a comprehensive and dialectical long-term view?

This newspaper will launch a series of reports on the "2021 China Economic Answer Sheet" starting today, focusing on some hot economic issues of domestic and overseas concerns, showing new changes, new highlights, and new results in China’s economic and social development, and exploring the logic behind China’s strong economic resilience and vitality , In the hope that friends at home and abroad can better understand the Chinese economy.

  Recently, a prediction from Chinese officials has attracted widespread attention at home and abroad: It is expected that the annual economic growth will exceed the expected target.

  From becoming the only major economy in the world to achieve positive growth last year to exceeding expectations this year, the Chinese economy has once again withstood the pressure, showing great potential and resilience.

In the context of increasing global instability and uncertainty, the sustained and stable recovery of China's economy is particularly rare, which will further boost global confidence and inject new impetus into the recovery and growth of the world economy.

  Maintain constant strength, stabilize and reinforce

  "Exceeding expectations" was hard-won.

  Since the beginning of this year, there have been divergent opinions on China's economic trends.

Especially in the second half of the year, in the face of multiple shocks such as the complex international environment and epidemics, floods, and the influence of factors that raised the base in the same period last year, the economic growth rate in the third quarter "breaked through 5", an increase of 4.9% year-on-year, and there were a lot of doubts.

  However, looking at the overall situation and the whole year, short-term fluctuations have not changed the general trend.

In the first three quarters, China's economy grew by 9.8%, which was far higher than the annual growth target of "over 6%" set at the beginning of the year, and also higher than the global average growth rate and the growth rate of major economies.

The October economic data released a few days ago has another dazzling report card.

Keeping your strength and doing your own affairs well, China's economy will be strengthened steadily, and development will be confident.

  Confidence, from the "troika" continues to work hard——

  Consumption recovered and resilience appeared. In October, total retail sales of consumer goods across the country increased by 4.9% year-on-year, accelerating for two consecutive months; investment moved forward steadily. In the first 10 months, manufacturing investment increased by an average of 3.8% in two years, faster than January-September 0.5 percentage point; the volume of foreign trade increased steadily. The total value of imports and exports of goods in October increased by 17.8% year-on-year, 2.4 percentage points faster than the previous month. Cumulatively, the growth rate in the first 10 months was as high as 22.2%.

  Confidence comes from the effective protection of employment and people's livelihood——

  In the first 10 months, 11.33 million new jobs were created in cities and towns across the country, completing the annual target task ahead of schedule. In October, the surveyed unemployment rate in cities and towns across the country was 4.9%, which was the same as the previous month and lower than the same period last year and the same period in 2019.

Consumer prices rose moderately. In October, the CPI rose by 1.5% year-on-year, of which food prices fell by 2.4%.

  The confidence comes from the expected improvement of business operations——

  With the tangible advancement of policy measures such as ensuring supply, stabilizing prices, and helping companies to relieve difficulties, the production and operation conditions of industrial enterprises continued to improve in October. The profits of industrial enterprises above designated size across the country increased by 24.6% year-on-year, an increase of 8.3 percentage points from the previous month, for two consecutive times. Months of recovery; two-year average growth of 26.4%, an acceleration of 13.2 percentage points.

In November, the Manufacturing Purchasing Managers Index returned to the expansion range, and the overall economic prosperity level rebounded.

  Work hard to improve quality and efficiency

  When observing the Chinese economy, we must pay more attention to the structure and momentum behind the speed.

  In the face of shocks and challenges, is it to pursue the old path of "overwhelming flooding", or to pursue a new path in pursuit of quality and efficiency?

China's choice is clear, and the actions of hundreds of millions of market players are also firm.

  "In September this year, we launched a new non-destructive testing equipment project, which reached the international first-class level." Lin Bin, general manager of Ruixi (Suzhou) Intelligent Technology Co., Ltd., introduced, "In the past two years, the company still insisted on Increase investment in research and development in industrial digital software, automated integrated equipment, visual inspection systems, etc. "The effort pays off, and good products are fully recognized by the market and partners.

Lin Bin revealed that two new joint ventures were established this year. "From the existing orders, the annual turnover will exceed 100 million yuan, which is expected to triple last year."

  Based on the new development stage, hundreds of millions of market players have strengthened innovation and active transformation, boosted economic restructuring, improved development quality and efficiency, enhanced development momentum, and new growth points were emerging.

  ——Innovation is stronger.

Major scientific and technological achievements in the fields of manned spaceflight, deep-sea exploration, and quantum technology have been reported frequently, and the biomedical industry such as vaccines and innovative drugs has grown rapidly.

In October, the output of new energy vehicles and solar cells increased by 127.9% and 12.3% year-on-year, respectively.

  -Better structure.

In October, the added value of high-tech manufacturing above designated size increased by 14.7% year-on-year, 0.7 percentage points faster than the previous month.

The production index of information transmission, software and information technology service industries increased by 14.8% year-on-year, which was significantly faster than the growth rate of the service industry production index.

  ——Develop more "green".

Energy consumption per unit of GDP continued to decline. In the first three quarters, energy consumption per unit of GDP fell by 2.3% year-on-year, an increase of 0.3% over the first half of the year.

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.

  Singapore's "Lianhe Zaobao" published an evaluation: "China puts its main energy on hardening internal strength" "This is not only the correct choice for China, but also the source of strength for China to continue to resist pressure."

  Policy support, promising prospects

  Market players are struggling to break through, how can policies be strengthened?

  “A while ago, the company encountered troubles in its operations. Fortunately, the timely policy helped us reduce the pressure.” said Chen Jinhong, the person in charge of Zhejiang Boyang Compressor Co., Ltd.. Due to the rising global commodity prices, the production of raw materials such as copper, iron, etc. Prices continue to rise, and the company's capital chain is tight.

When he was worried, the news of "the implementation of phased tax deferral for manufacturing small, medium and micro enterprises" made Chen Jinhong's heart bright: "We can apply for tax deferral of more than 1.1 million yuan in November, and the money saved is really a solution. It's urgent."

  From implementing phased tax deferrals to increasing financial support for relief, from introducing a combined tax and fee reduction policy to clearing up SMEs’ ​​receivables, from strengthening re-lending and rediscounting policy tools to accurately “drip irrigation” to increase Financial support for "specialized, special and new" small and medium-sized enterprises...a series of practical measures to solve problems for small and medium-sized enterprises, and the results are gradually showing.

Data shows that at the end of October, the balance of inclusive small and micro loans was 18.6 trillion yuan, a year-on-year increase of 26.7%; the overall loan rate of specialized and new "little giant" enterprises exceeded 70%, and the average loan balance per household was 75.26 million yuan.

It is estimated that the new tax cuts and fees for the whole year will exceed 700 billion yuan.

  "The Chinese government formulates policies based on objective grounds, thereby ensuring the effectiveness of decision-making. This is one of the key factors contributing to the sustained and stable development of China's economy." said Evandro Carvalho, a professor of law at the Vargas Foundation in Brazil.

  Industry insiders believe that although the economic growth rate has shown a trend of "high before and low" due to high base numbers and short-term factors, under the support of multiple factors such as macro policy assistance and economic structure optimization, the annual economic growth has exceeded the expected target. No suspense.

The impressive performance has once again "failed" for those who sing the Chinese economy.

  The latest "World Economic Outlook Report" released by the International Monetary Fund shows that the global economy is expected to continue to recover in 2021 but the momentum is slowing down. The annual growth rate is expected to be 5.9%, while the Chinese economy will grow by 8%.

  "Major international organizations expect China's economy to maintain a relatively high growth rate of about 8% in 2021. This is not only higher than the global average growth rate, but also higher than the growth rate of major economies, reflecting the international community's optimistic view of China's economic growth prospects. "Fu Linghui, director of the National Economic Comprehensive Statistics Department of the National Bureau of Statistics, said that in the next stage, although there are still some risks and challenges, in general, the overall stable economic operation and the gradual improvement of the quality of development are expected to be maintained.