Local policies and measures for stabilizing growth are being introduced intensively. Local governments are striving to achieve a good start to economic growth in the first quarter by improving social psychological expectations and boosting development confidence.

  Recently, provinces such as Guizhou, Tianjin, Hunan, Gansu, Shandong, Sichuan, and Jiangxi have successively issued policies to stabilize growth to promote economic improvement. Before the Spring Festival, provinces such as Fujian, Jiangsu, Yunnan, Heilongjiang, Shanghai, Zhejiang, and Liaoning have issued relevant policies .

Local governments intensively release measures to stabilize growth

  On February 21, the General Office of the Chongqing Municipal Government issued the "Chongqing Municipality Further Supporting the Development of Market Subjects, Promoting Economic Stabilization and Recovery and Boosting Policies and Measures", and formulated 36 measures from 6 aspects including increasing fiscal, tax and financial support, and continuously expanding effective demand. , support the development of market entities, and promote economic stabilization and recovery.

  Yi Xiaoguang, president of the Chongqing Comprehensive Economic Research Institute, told China Business News that economic vitality and growth momentum depend on market entities, which are the main support for economic growth. Whether it is employment and income, or investment and consumption, all rely on the market Therefore, it is very important to boost the economy by introducing support policies aimed at market players.

  Not only Chongqing, but recently, all provinces across the country are formulating policies and measures to promote economic recovery. These policies have both similarities and different emphases.

  On February 3, the Gansu Provincial Government issued "Several Policies and Measures for Promoting Economic Stability and Promoting High-quality Development", and formulated 47 measures from 10 aspects including increasing fiscal and taxation support and improving the quality and efficiency of financial service entities.

  On February 5, the General Office of the Hunan Provincial Government issued "Several Policies and Measures on Fighting the Active Battle of Economic Growth to Achieve Overall Improvement in Economic Operation", and formulated 20 measures from five aspects including promoting consumption recovery and upgrading and maintaining stable investment growth.

  On February 6, the Sichuan Provincial Government issued "Several Policies and Measures to Focus on High-Quality Development and Promote the Overall Improvement of Economic Operations", proposing 36 policy measures from 10 aspects to improve social psychological expectations, boost development confidence, and promote the province's economy The operation will improve as a whole in 2023, achieve effective improvement in quality and reasonable growth in quantity, and ensure the completion of the set goals and tasks.

  On February 8, the General Office of the Jiangxi Provincial Party Committee and the General Office of the Jiangxi Provincial Government issued "Several Measures on Further Consolidating and Improving the Economic Stability and Improvement", which formulated seven aspects from actively expanding effective investment and focusing on promoting the full recovery of consumption. 28 measures.

  Huang Yong, vice president of the Guizhou Provincial Academy of Social Sciences, told China Business News that the policy itself has the role of guiding expectations. The intensive introduction of policies in various places is a strong signal to the society. At the same time, this is also a response to and implementation of national policies. In fact, each region has its own emphasis on formulating local policy measures.

  The Hunan Provincial Development and Reform Commission introduced three considerations for the introduction of policies when interpreting Hunan's "20 Measures for Steady Growth".

The second is to fight well the "six battles" of development and consolidate the stable and positive development of the province's economy.

The third is to effectively improve social psychological expectations and boost confidence in development.

  The Hunan Provincial Development and Reform Commission stated that since the beginning of the year, Hunan's economy has recovered rapidly, and the resumption rate of enterprises has reached 96%, which is higher than the level of the same period in 2019. Relevant counties, urban areas, and parks in 14 cities and prefectures are organizing major projects to start intensively.

In particular, the market is prosperous and tourism is booming. During the Spring Festival, tourist attractions are popular and the number of tourists is increasing.

On the basis of the accelerated recovery of the economy, the "Twenty Measures for Steady Growth" have been formulated and issued, which is to maintain and consolidate the stable and positive economic situation in the province, and accelerate the overall improvement of economic operation.

Not only that, by strengthening policy support, the enthusiasm, initiative, and creativity of various market players can be fully mobilized, and the joint forces that promote economic growth can be further consolidated.

  At the press conference on Jiangxi's 28 measures, Zhang Heping, director of the Jiangxi Provincial Development and Reform Commission, said that the first quarter is the vane of the annual economy, and the economic situation at the beginning of the year has an important impact on social expectations, market confidence and even the annual economic trend.

Jiangxi insists on making efforts at the front. On the basis of coordinating and doing a good job in various tasks throughout the year, it especially emphasizes the need to focus on the key time node of the first quarter to promote the accelerated progress of major projects, which should be opened early, and enterprises to fully resume production and meet the full To meet production capacity, policies and measures should be released as much as possible, and as soon as possible, and a wonderful start in the first quarter will lay a solid foundation for the completion of the economic and social development goals and tasks for the whole year.

Can the first quarter achieve a good start?

  While intensively promulgating policies, various regions have also carried out economic operation scheduling.

The "Gansu 47 Articles" stated that the Gansu Provincial Party Committee and the Provincial Government held a provincial economic operation scheduling meeting on the first day of work after the Spring Festival. .

  On February 22, Guangdong Governor Wang Weizhong presided over the executive meeting of the provincial government, listened to the report on the economic operation of Guangdong Province this year, studied and deployed to promote the economic work in the first quarter, and emphasized that we must insist on keeping the word stable, making progress while making progress, and make every effort to consolidate The economy is recovering to a good state.

  The executive meeting of the Guangxi Autonomous Region Government held on February 22 emphasized that since January, Guangxi's economy has shown a steady recovery trend, with major indicators growing steadily and the economy getting off to a solid start.

But we must also be soberly aware that there are still many uncertainties at present, the foundation of Guangxi's economic growth is still not solid, and the recovery of some indicators has not met expectations.

Departments at all levels in the region must race against time, plan and plan, grasp the support points and growth points of economic development, and strive to achieve a good start to the economy in the first quarter.

  Yi Xiaoguang said that since the Spring Festival, the economy has maintained a steady recovery trend, especially in the tertiary industry.

In the past three years, the tertiary industry has been greatly impacted. After the adjustment of the epidemic prevention and control policy, consumption scenes such as cultural tourism and people's life scenes have been expanded.

  However, Yi Xiaoguang said that economic recovery is a process.

From the perspective of investment, although large projects are being launched in all regions, especially major projects, there is a process to form a workload, and private investment must also be able to catch up.

From the perspective of consumption, although the consumption scene has increased, the consumption capacity and expectations are not strong.

In terms of import and export, the pressure is even greater.

  Huang Yong also believes that although the number of tourists has greatly recovered since the Spring Festival, in comparison, the consumption expenditure of tourism has not recovered simultaneously, which shows that the current consumption capacity and expectations are still insufficient.

Not only that, the appearance of investment effect is also a process, which cannot be reflected immediately.

  Not only that, Yi Xiaoguang said that the economic growth in the first quarter of 2022 was good, and the impact of the epidemic was not too great at that time. Therefore, the first quarter of this year will face a relatively high base in the first quarter of last year, and the growth pressure it will face will be greater. Large, the whole year may show a trend of low before and then high.

  The first quarter plays an important role as an economic weathervane for the whole year, and some provinces have specially formulated policies to promote growth in the first quarter.

For example, the General Office of the Guizhou Provincial Government issued the "Notice on Doing a Good Job in the Province's Economic Work in the First Quarter of 2023 to Ensure the Realization of "Open Doors and Stability"". 96 specific work measures were put forward in 10 aspects including accelerating the recovery of the industry.

  As early as the beginning of January, the Fujian Provincial Development and Reform Commission issued "Several Measures for Doing a Good Job in Economic Work in the First Quarter of 2023", proposing to strive for a better growth rate of main indicators in the first quarter than in the fourth quarter of 2022, so as to achieve a good start in the province's economic work , Good start.

"Several Measures" includes 32 items in 9 aspects.

  Yi Xiaoguang also said that before the outbreak of the epidemic, China's economy was already under increasing downward pressure, and it was transitioning to a new economic normal.

In the past three years, some structural and cyclical contradictions have not been fundamentally resolved. At present, it is mainly about restorative growth, and deep-seated problems must be resolved.

  For example, he said that in the current consumption stage, automobiles and housing are the main areas of consumption, and they are also the two major industries that drive economic growth. However, these two industries cannot be relied on, and they also have the problem of structural upgrading.

During the period from 2015 to 2016, many new consumption formats appeared in the Chinese economy, and now it is time to promote the development of new consumption formats and create a better environment for them.