Guangming.com (Reporter Li Wenjian) On March 11, the fifth session of the 13th National People's Congress successfully concluded!
At the press conference after the closing meeting, many hot issues were answered authoritatively.
This year, my country has set an economic growth target of 5.5%, which is considered by many economists to be quite ambitious.
The press conference pointed out that last year, my country's total economic volume has reached more than 110 trillion yuan, and the continued growth can be said to be growth on a high base.
From a global perspective, it is a big problem in itself for such a large economy to maintain a medium-to-high growth rate.
Last year, it was entirely possible for my country to achieve a growth rate of 8% or even higher, but it still set a target of more than 6% growth. "Above" is an opening, and I am happy to see it.
However, the benchmark of my country's macroeconomic policy is determined according to 6%, that is to say, fiscal, monetary, employment and other policies must be carried out around this benchmark, which has enabled my country to reduce the deficit ratio and the macro leverage ratio. This also reserves policy space for addressing new challenges this year.
Recalling that in 2020, under such a severe situation, my country did not engage in "flooding" over issuance of currency. Last year and even from February this year, despite the high inflation in many countries in the world, my country's consumer price (CPI) rose. It is less than 1%, which cannot but be said to be related to the reasonable macroeconomic policies implemented by my country.
The economy has indeed encountered new downward pressures and challenges this year.
my country needs to achieve the goal of 5.5%, that is, an increase of 5.5% of China's GDP in the order of more than one trillion yuan, which is equivalent to the economic aggregate of a medium-sized country.
Ten years ago, my country's total economic volume was still more than 50 trillion yuan, an increase of 10%, and the increment was 60 to 7 trillion yuan. This year, there must be a 9 trillion yuan increase in nominal GDP.
It’s like climbing a mountain. If you want to climb a 1000-meter mountain and you want to climb 10%, then 100 meters is fine. If you want to climb a 3,000-meter mountain and want to climb 5%, that’s 150 meters.
And the conditions have also changed. The higher the altitude, the lower the air pressure and the less oxygen. It seems that the speed has slowed down, but in fact the weight is heavier.
Achieving a growth rate of around 5.5% is stable at a high level. In essence, it is progress. It is not easy and must be supported by corresponding macro policies.
Take fiscal policy, for example, this year, our country has lowered the deficit rate to 2.8%, and the deficit is more than 200 billion yuan less than last year.
However, at the same time, my country has increased the intensity of fiscal expenditure. In the past two years, the unused and balance of the profits of the central designated financial institutions and specialized institutions, plus the fiscal budget stabilization fund, the scale of new expenditure is not less than 20,000 yuan. 100 million, and the increased scale is mainly used to reduce taxes and fees, especially tax rebates, which is equivalent to giving oxygen to people who climb mountains.
Of course, there are also supporting financial, employment and other measures.
The measures taken by our country this year are not only short-term, but also based on the current and long-term perspective. They will never advance the future and are sustainable.