China News Agency, Beijing, December 28th: Overcoming short-term disturbances, China's economy still has sufficient momentum
China News Agency reporter Wang Enbo
After dealing with the impact of unexpected factors this year, China needs a strong engine to promote the overall improvement of economic operation next year.
The world economy has sounded the recession alarm, and the domestic economy is facing downward pressure. Is the driving force supporting China's development still there?
Observing from multiple dimensions, the answer can be drawn in the affirmative.
China's economy still has sufficient momentum, and its efforts are more focused.
At many forums and conferences held at the end of the year, Chinese officials, scholars, and entrepreneurs were discussing the same issue: how to return the economy to a steady growth track next year.
To some extent, this is a process of building consensus.
All parties generally realize that 2023 is an important window for China's economy to make up for the impact of the epidemic.
This direction has also been made clear by the Chinese decision-makers.
The Central Economic Work Conference made detailed deployments centering on "highlighting the work of stabilizing growth, employment, and prices", and proposed the methodology of "starting from improving social psychological expectations and boosting development confidence", all of which reflected concerns about stabilizing the economic market .
Be careful to think in one place, and you can use energy in one place.
RRR cuts released long-term funds, favorable real estate financial policies spread frequently, and the top-level design of the strategy to expand domestic demand was released. The policy effects of superimposed efforts in various fields in China at the end of this year will continue to appear next year.
According to actual needs, some new policies and measures will also be introduced one after another.
Stock policies and incremental policies work in the same direction, which will actively promote the improvement of China's economic operation.
China's economy still has sufficient momentum, and its vitality will be released at an accelerated pace.
With the changes in the characteristics of the Omicron virus, China has made a transitional decision to better coordinate epidemic prevention and control with economic and social development.
Twenty measures for epidemic prevention were optimized and ten new measures were implemented. The new crown virus infection was adjusted to "Class B and Class B", and the epidemic prevention and control policy continued to be optimized and adjusted in response to changes in the situation, creating important conditions for economic recovery.
On December 26, the last Monday in 2022, the daily passenger volume of the operating lines under the jurisdiction of the Beijing Subway Company returned to more than 4.5 million passengers after more than a month.
Across the country, the passenger flow of subways in Wuhan, Chongqing and other places has also recovered significantly.
Although the morning and evening peak hours of commuting are not as busy as in the past, the gradual increase in subway passenger flow is a strong footnote that life is back on track and the city is rejuvenating.
The epidemic is still a key variable affecting China's economic operation.
Experts estimate that the impact of optimizing the epidemic prevention and control measures on economic operation is expected to produce a similar "J-curve effect", that is, it will cause disturbance to economic operation in the short term, but it will be a major positive for the whole year.
With the implementation of relevant policies, the flow of people and goods in China will be smoother, and all aspects of social reproduction and all fields of economic and social life are expected to speed up recovery and rejuvenate.
China's economy still has sufficient momentum, and its potential will continue to be realized.
Right now, China is planning to better coordinate supply-side structural reforms and expand domestic demand.
Identifying the combination of the two is the process of tapping the potential for economic growth.
For example, China urgently needs to speed up the optimization and upgrading of its industrial system, which requires greater investment in manufacturing R&D and technological transformation, and increased investment in new fields and new tracks.
These inputs are not only the current demand, but after high-quality supply is generated in the future, they will further create effective demand.
China's new energy vehicle industry is a typical success story.
Earlier this year, China's auto exports "overtook" Germany to rank second in the world, behind which is the "blessing" of new energy vehicles selling overseas.
What is expected is that there are still many such blocking points, pain points, difficulties, and blank points on China's development track, which can make a big fuss.
Create a favorable system and mechanism environment, and implement appropriate policy guidance, and the hidden power will be realized as a new growth point, and the economy will be effectively improved in quality and reasonable in quantity.
The accumulation of these favorable factors is making China's economic prospects clearer.
According to comprehensive research and judgment, the growth rate of the world economy may decline significantly next year, while the Chinese economy is expected to rebound in general, forming an independent upward trajectory.
Of course, economic improvement will not be "pie in the sky", and all parties must work hard for it.
But what is certain is that the short-term disturbances caused by the epidemic in recent years have not weakened the long-term momentum of China's economy, let alone change the long-term trend of China's economy.
In this regard, people should be full of confidence.
(use up)