(Economic Observation) Why does the Central Economic Work Association particularly emphasize "protecting jobs, protecting people's livelihoods, and ensuring market entities"?

　　China News Service, Beijing, December 11 (Chen Jing) The Central Economic Work Conference, which closed on the 10th, emphasized the need to continue to do a good job in the “six stability” and “six guarantees”, especially the main body of the market to ensure employment and people’s livelihood, and focus on maintaining the economy. Operate within a reasonable range, strengthen and improve macroeconomic regulation and control, intensify the cross-cycle adjustment of macroeconomic policies, and improve the forward-looking pertinence of macroeconomic regulation and control.

　　On April 17, 2020, the Politburo of the CPC Central Committee held a meeting to reiterate the "six stability" and at the same time put forward the "six guarantees" for the first time-guaranteeing employment, guaranteeing basic people's livelihood, guaranteeing market players, guaranteeing food and energy security, and guaranteeing the industrial chain The supply chain is stable and the operation of the grassroots level is guaranteed.

　　This year's Central Economic Work Conference reiterated the "six stability" and "six guarantees". Why is it particularly emphasized to ensure employment and people's livelihood protection market entities?

　　In this regard, Zhang Liqun, a researcher at the Macroeconomic Research Department of the Development Research Center of the State Council, said in an interview with China News Agency that China’s current economic development is facing a triple pressure of demand contraction, supply shock, and expected weakening. The new downward pressure cannot be underestimated.

The meeting emphasized the protection of employment, people's livelihood, and market entities, which embodies the idea of ​​keeping the bottom line.

"Next year's work should focus on the most difficult aspects."

　　Statistics show that the total number of market entities in China has exceeded 150 million.

At present, small and micro market entities such as small and micro enterprises and individual industrial and commercial households are still undertaking the major task of maintaining market activity and ensuring employment.

Zhang Liqun believes that since being hit by the epidemic last year, many small and micro enterprises have been constantly tapping their potential and striving to survive by eating their own money.

　　Wang Jun, chief economist of Centaline Bank, said in an interview that high-emissions, high-energy-consuming industries, the upstream and downstream of the real estate industry chain, education and training industries, fresh graduates and other groups are all facing adjustment pains. Therefore, it is difficult to operate from small, medium and micro enterprises. And from the perspective of the more prominent unemployment of related groups, the “six stability” and “six guarantees” are very necessary.

　　In the next step, what should the market entities do to protect jobs and people's livelihood?

　　Zhang Liqun believes that this requires systematic policy support.

In response to the main obstruction "demand shortage" in the current social reproduction cycle, the Central Economic Work Conference made a series of policy arrangements to put steady growth in a more important position, and proposed to maintain economic operation within a reasonable range; strengthen relevant The pertinence and effectiveness of the macroeconomic policies proposed to increase the cross-cycle adjustment of macroeconomic policies; the leveraging effect of government investment should be brought into play, and infrastructure investment should be appropriately advanced in advance.

　　Wang Jun suggested that the macro policy should be expanded appropriately, and the employment priority policy should be adhered to.

In terms of stabilizing employment, efforts must be made from both sides of the labor market to protect the market players, especially small and micro enterprises, the main force in absorbing employment. The economy must be stabilized from the demand side, and consumption and investment must be maintained at a certain level. Recovery and recovery.

Subsequent tax cuts, tax delays, and financial transfer payments should all keep up. Especially for low-income groups and offline service industry employees who are more affected by the epidemic, financial transfer payments need to be increased.

At the same time, the coverage of social security needs to be expanded, and the standards of social security need to be improved, so as to secure the bottom line of people's livelihood.

　　In addition, the meeting proposed that it is necessary to continue to implement new tax and fee reductions for market entities, helping them, especially small, medium and micro enterprises, and individual industrial and commercial households, to relieve their burdens and restore development.

Increase financing support for the real economy, and promote the increase, expansion, and price reduction of small, medium and micro enterprises' financing.

Grasp the employment of key groups and implement measures to stabilize employment.

Promote the sinking of financial resources, and better support grassroots governments in implementing policies to help enterprises and ensure basic and people's livelihood insurance wages and insurance operations.

Strengthen the regulation of coal, electricity, oil, gas, transportation, etc., and promote sufficient power supply.

We must deepen reforms in key areas, stimulate market vitality and development endogenous power, and use market-based mechanisms to encourage enterprises to invest in innovation.

　　"This is to emphasize that the visible hand should not be stretched too much. We must speed up the construction of an environment for fair market competition and effective protection of the legitimate rights and interests of market entities." Zhang Liqun believes that these are very important for the survival and development of 150 million market entities. .

Therefore, the overall goal of the macroeconomic environment, market business environment, and policy environment is to do a good job in the "three guarantees" of ensuring jobs and protecting the people's livelihood.

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