The word "stable" in China's economy is heading for growth (international argument)
Our reporter Jia Pingfan
A few days ago, the Central Economic Work Conference was held in Beijing.
The meeting fully affirmed the achievements of China's economic development this year, and requested that next year's economic work be stable, seek progress while maintaining stability, and at the same time promote deep-level reforms and promote high-quality development with a high-level opening up, which has aroused widespread attention from foreign media.
The Central Economic Work Conference at the end of each year has always been regarded by the outside world as a weather vane for China's economic policy, and it is also a window for outsiders to explore the "code" for the development of the world's second largest economy.
"Stable" is the most prominent keyword
"The Central Economic Work Conference requires China's economy to make progress next year with stability." Singapore’s Lianhe Zaobao reported that the CCP’s annual Central Economic Work Conference proposed this year that the 20th CPC National Congress will be held next year to maintain a stable and healthy economic environment. 1. Focus on stabilizing the macroeconomic market and keep the economy operating within a reasonable range; next year's economic work must take the lead and seek progress while maintaining stability.
According to Bloomberg News, this year's Central Economic Work Conference mentioned "stability" or "stability" more than 20 times.
For China's economic policy in the next year, "stability" is the most prominent keyword.
According to the US "Wall Street Journal" website, China once again emphasizes maintaining steady economic growth.
The statement issued after the three-day Central Economic Work Conference said: "Next year's economic work must take the lead and seek progress while maintaining stability."
According to Reuters, the Central Economic Work Conference mentioned that economic development is facing the triple pressure of "demand contraction, supply shock, and weakening expectations".
According to the report, in this heavyweight meeting, the expressions of "triple pressure" and "setting traffic lights for capital" are relatively new, and although the tone of the expression of fiscal and monetary policy is the same as before, the structure can still be seen in comparison. The meaning of looseness.
The report quoted economists as saying that compared with the eight tasks expressed by the Central Economic Work Conference last year, there are more new ideas in terms of wording this year, such as policy advancement, the combination of cross-cyclical countercyclical regulation, etc., and the details of fiscal and monetary policy are expressed. Obviously intended to be loose.
South Korea’s "Seoul Economics" reported that in terms of common prosperity, the Central Economic Work Conference mentioned, “First, we must make the'cake' bigger and better through the joint efforts of the people of the whole country, and then cut the'cake' well through reasonable institutional arrangements. The meeting emphasized that next year, we will continue to implement a proactive fiscal policy and a prudent monetary policy, expand domestic demand, continue to stimulate the vitality of market players, promote a virtuous circle and healthy development of the real estate industry, and expand support for employment and childbirth. policy.
Analysis believes that this means that economic stimulus measures such as the supply of liquidity in the Chinese market and the expansion of government investment are expected to be strengthened next year.
Based on the reality of China's economic development
According to the "Nihon Keizai Shimbun", the Central Economic Work Conference is an important meeting in the economic field held by the Communist Party of China to formulate the basic guidelines for economic operations in the next year.
As the 20th National Congress of the Communist Party of China will be held next year, economic considerations in the 2022 macro policy are particularly prominent.
Many foreign media and international figures believe that the series of decision-making arrangements of the Central Economic Work Conference are based on China's economic development and will continue to promote the high-quality development of China's economy.
The Wall Street Journal reported that after the beginning of the epidemic, China's economic recovery was relatively strong.
China is the only major economy that will achieve growth in 2020. The economic activity in early 2021 remains stable, almost ensuring that China will achieve steady growth throughout the year. The growth rate in 2021 is expected to be around 8%.
"Behind the tremendous achievements in China's economic and social development is the accurate judgment of the Chinese Communist Party on the general trend of development. In the practice of responding to risks and challenges, it has continuously accumulated knowledge of the regularity of economic work." In front of the Saudi Embassy in China Counselor Khalid Khalevani believes that China's economy has withstood the test under multiple shocks and has achieved a beautiful "report card", showing that China's economic policies meet the needs of development.
"Under the background of the raging epidemic and the slowdown in the recovery of the world economy, China's economic and social development achievements in various fields are impressive." Sergey Savinsky, a senior researcher at the Institute of Finance of the Russian Ministry of Finance, said that the top 10 this year In September, China’s actual use of foreign capital exceeded 900 billion yuan, continuing to maintain a high double-digit growth. The actual use of foreign capital in high-tech industries increased by 23.7% year-on-year. It's best to prove".
Perimoni, a researcher at the French Schiller Institute and an expert on international issues, said that China’s economic development will maintain its leading position in the world in 2021, and significant progress will be made in key areas such as technological innovation and people’s livelihood improvement. Important engine of
He noticed that this year, China has brought many surprises to the world in the field of technological innovation.
"The Tianwen-1 probe successfully landed on Mars, the Chinese space station achieved its first manned flight, and the'Xihe' exploration of the sun achieved zero breakthroughs in China's solar exploration... The development and achievements of China's aerospace industry reflect China's commitment to science and technology. The strength and determination to innovate."
The "2021 Global Innovation Index Report" released by the World Intellectual Property Organization shows that China's global ranking in the field of innovation has risen from 35th in 2013 to 12th, and it is the highest ranked middle-income economy, and it is also the world’s progress. One of the fastest countries.
Economic development goals will be achieved as scheduled
"Next year, China's economic focus will shift from regulation to stable growth," South Korea's "Seoul Economy" said. The meeting communique did not separately mention next year's economic growth target, but most experts predict it should be around 5%.
Experts believe that China will be able to accomplish this goal next year without any stimulus, which is enough to ensure that China achieves its goal of doubling its economic output by 2035.
"China's key central economic work conference focuses on supporting economic growth." Bloomberg said that 2022 is a year of far-reaching political significance. Morgan Stanley economists believe that past experience shows that China will try to reorganize itself in a year of political reorganization. Over-fulfilment of economic growth targets.
Economists expect the Chinese government to take more measures to ensure that the economic growth rate reaches about 5%, which is enough to enable China to achieve its goal of doubling its economic output by 2035.
According to Argentina’s “Clarion” report, the Japan Economic Research Center predicts that by 2035, China’s economy, including Hong Kong, will reach US$41.8 trillion, which is only slightly lower than the combined size of the US and Japan (US$42.3 trillion).
By then, China's annual per capita income may reach 28,000 US dollars.
The article stated that China has put forward the fourteenth five-year plan for economic and social development and the outline of long-term goals for 2035.
Facts have proved that the economic development goals set by China can be achieved as scheduled, and the recent series of measures have also strengthened the confidence of the outside world.
Reuters commented that China is making a fundamental return to socialism.
Common prosperity has become the force of action to narrow the gap between the rich and the poor and promote more inclusive growth.
The Chinese government has also renewed its efforts to deleverage the real estate industry, promising to achieve carbon neutrality by 2060.
Morgan Stanley predicts that China's economy will grow by 5.5% in 2022, which exceeds consensus expectations.
Societe Generale said that looking at Asia, China has the highest upside potential next year.
For some people, the risk of missing the Chinese market is greater than the risk of injury.
The analysis believes that the high-quality development of China's economy will inject strong confidence and impetus into the regional and global economic recovery.
Eduardo Regalado, an expert on China at the Cuban Center for International Political Studies, said that since joining the World Trade Organization, China has continued to expand and open up, and it has now become an important engine for world trade and economic growth.
In the post-epidemic era, the importance of China's economic development to the global economic recovery is self-evident.
Claudia Vernodi, the head of the Belgian China-Europe Digital Association, said that the current global epidemic is tumultuous and economic recovery is facing many challenges. China's economic growth momentum is strong, and the characteristics of high-quality development are more distinctive. It continues to be the biggest driving force for global economic growth. .