[Explanation] The government work report proposes that China's GDP is expected to grow by about 5.5% in 2022.

How do you view this goal setting?

How to achieve this?

Recently, industry insiders have interpreted this.

　　[Explanation] The setting of this goal mainly considers the needs of stabilizing employment, protecting people's livelihood, and preventing risks, and is connected with the average economic growth rate in the past two years and the requirements of the "14th Five-Year Plan".

Experts commented that the expected economic growth target for this year was set in consideration of multiple aspects, was positive and pragmatic, and was in line with China's potential growth level at this stage.

　　[Concurrent] Zhang Lianqi, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference

　　A growth rate of around 5.5% is actually both positive and pragmatic.

Because the so-called positive means that we must combine the average growth rate of the previous two years under the epidemic, and also take into account the target requirements of the "14th Five-Year Plan", and also consider the requirements of people's livelihood and employment.

Therefore, about 5.5% is actually an indicator that takes into account all aspects and various factors.

I believe that this indicator will strive to achieve better results in actual work, and will reach more than 5.5%.

　　[Concurrent] Wang Yiming, member of the National Committee of the Chinese People's Political Consultative Conference, vice chairman of the China Center for International Economic Exchanges

　　This year's expected target of 5.5% (about 5.5%) is more in line with the potential growth level of our "14th Five-Year Plan".

Under the circumstance that the global development pattern is undergoing profound changes, it is possible to maintain a medium-to-high speed from a relatively high base, which is conducive to better grasping the initiative of development in the adjustment of the global economic pattern.

　　[Explanation] At present, the global epidemic is still ongoing, commodity prices fluctuate at a high level, the international environment is complex and changeable, and the domestic economic development is facing the "triple pressure" of demand contraction, supply shock, and weakening expectations.

　　[Explanation] Experts pointed out that the shrinking demand mainly refers to the weak growth of residents' consumption and investment. As China's epidemic prevention measures become more precise, the problem of weak consumption caused by the epidemic will be alleviated; Core and other issues, as the country strengthens the guarantee of coal power, the problem of insufficient coal power supply is basically solved, but it still takes a process to solve the problem of lack of core; the problem of expected weakening needs to be adjusted through policy to enhance the confidence of enterprises and investors .

At the same time, a larger-scale combined tax and fee reduction measures will be launched this year, and market players will have a greater sense of gain.

　　[Concurrent] Yang Weimin, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and deputy director of the Economic Committee

　　The weak investment growth is mainly related to some risks in real estate.

Since October last year, some changes have taken place in the policy on real estate. Of course, the most important thing is that the conditions for real estate financing are gradually improving.

With the implementation of real estate-related policies, especially the improvement of financing conditions, the drag of real estate on economic development will be weakened. This is about demand contraction, which means that these pressures will be gradually lifted.

　　[Concurrent] Zhang Lianqi, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference

　　Since the epidemic last year, our three methods of reducing taxes and expenses are "reduction, exemption, and mitigation". These measures will continue to be used, and some will need to be expanded.

At the same time, relevant policies such as the super deduction of research and development expenses will also be expanded, including some adjustments to social insurance premiums, and strengthening of the national overall pension insurance efforts, which is actually to relieve the pressure of social security in various places.

　　[Explanation] The economic growth rate of about 5.5% is expected to be a medium-to-high-speed growth on a high base, which reflects the initiative and requires hard work to achieve.

What is the basis for China to achieve this goal?

He Lifeng, director of the National Development and Reform Commission, made an interpretation.

　　[Concurrent] He Lifeng, Chairman of the National Development and Reform Commission

　　(2021) Our total GDP will reach 114.4 trillion yuan, an increase of 13 trillion yuan over the previous year's GDP, which is the first time in the history of the Chinese nation; the total economic volume in US dollars has increased by 3 trillion US dollars , which is also the first time in the history of world economic development.

This shows that the stamina of China's economic development is very strong, the (resilience) of the Chinese economy is very strong, and the vitality and anti-risk ability of market players are very strong.

This is also the basis for our confidence and foundation to achieve this year's GDP growth target of around 5.5%.

　　[Explanation] Experts judge that China's economy will continue to maintain rapid development for a long time in the future. It is recommended to promote economic restructuring and industrial transformation, seize advantages and achieve high-quality economic development.

　　[Concurrent] Justin Yifu Lin, Dean of the Institute of New Structural Economics, Peking University, Member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference

　　We have the most complete industries in the world, so in the new economy, we have the advantage of "changing lanes and overtaking".

In promoting technological innovation, industrial upgrading, and structural transformation, we must make good use of these two advantages, one is the advantage of "latecomers", and the other is the advantage of "changing lanes and overtaking".

If we can make good use of these two advantages and promote innovation according to our comparative advantages, we can achieve high-quality development by taking into account coordination, greenness, openness, and sharing.

　　(Comprehensive report by a reporter from China News Agency)

Responsible editor: [Luo Pan]