China News Agency, Beijing, March 8th: China's intensive release of policy signals boosts market confidence
China News Agency reporter Li Xiaoyu
After the major and decisive victory in epidemic prevention and control, restoring consumer and business confidence has become an important task facing China.
As previously expected by all walks of life, China released policy signals intensively during the two sessions of the country, boosting market confidence.
Residents receive "people's livelihood red envelopes"
Since the beginning of this year, as all parts of China have gone all out to "fight the economy", the once sluggish consumption has begun to show warmth.
According to official data, during the Spring Festival period, the sales of key retail and catering enterprises across the country increased by 6.8% compared with the same period of the previous year, and domestic tourism revenue reached 375.843 billion yuan.
Analysts believe that to further boost consumer confidence and consolidate consumption recovery, the key lies in increasing residents' income and stabilizing employment expectations.
In addition, people's livelihood difficulties in housing, old-age care, and childcare should also be urgently resolved, so that people will have less "worries" and dare to consume.
In this regard, the official has made a clear response.
According to the government work report, this year China will increase the income of urban and rural residents through multiple channels, and realize that the growth of residents' income and economic growth are basically synchronized.
The report also raised the target for new urban jobs to "around 12 million" from "more than 11 million" last year.
The government work report also proposes to support rigid and improved housing needs, and solve the housing problems of new citizens and young people. It also stated that it will strengthen the guarantee of elderly care services and improve the birth support policy system.
Relevant ministries are also sending out signals.
Li Chunlin, deputy director of China's National Development and Reform Commission, said that in the future, we will innovate the promotion mechanism for a virtuous circle in the entire chain of employment, income distribution and consumption, increase the income of urban and rural residents through multiple channels, do a good job in ensuring the supply and price stability of basic consumer goods, and support housing improvement, new energy vehicles, and elderly care. Consumption in key areas such as services, education, medical care, culture, health and sports.
The private economy has been "reassuring"
Affected by unexpected factors such as the epidemic and rapid changes in the international environment, some enterprises, especially private enterprises, lack confidence in the future.
Considering that the private economy is an inherent element of China's economic system, boosting the confidence of private enterprises is of great significance to the full recovery of the Chinese economy.
Following the Central Economic Work Conference's clear and practical implementation of the "two unwavering", during the two sessions of the country, the government once again gave the private economy "reassurance".
The government work report proposes to protect the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law, encourage and support the development of the private economy and private enterprises, support the development of small, medium and micro enterprises and individual industrial and commercial households, build a pro-Qing government-business relationship, and create fair competition for enterprises of all types of ownership. In an environment of competitive development, use real strategies to boost market expectations and confidence.
Some concrete actions are on the way.
Luo Wen, director of China's State Administration for Market Regulation, revealed that this year, we will carry out classification and classification assistance for individual industrial and commercial households, and actively carry out policy research work with relevant departments on social security, taxes, etc. Help level.
In addition, it will actively provide individual industrial and commercial households with information services such as entrepreneurship training, recruitment and employment, and legal policies.
Economic rebound may be better than expected
The fundamental strategy to boost market confidence is to bring economic growth back to a reasonable range.
As Yu Yongding, a member of the Chinese Academy of Social Sciences, said, the fundamental way out is to reverse the trend of continued decline in economic growth.
If the economy continues to slow down, pessimistic expectations will be further self-reinforcing, causing a greater impact on supply and demand.
According to the government work report, the expected growth rate of China's economy this year is around 5%.
Many analysts believe that based on a number of favorable conditions, China is fully capable of achieving this goal.
From the perspective of macroeconomic policies, China’s deficit rate is planned to be set at 3% this year, which is an increase from last year’s target of “about 2.8%, indicating that proactive fiscal policies will increase efficiency and provide greater assistance to economic growth.
From the perspective of local conditions, 27 of the 31 provinces in the country have an economic growth rate that is higher than the national target, and 23 of them are 5.5% or above.
Local development confidence and practical measures have created conditions and laid the foundation for the realization of national goals.
Ning Jizhe, member of the National Committee of the Chinese People's Political Consultative Conference and former deputy director of the National Development and Reform Commission, said that judging from the situation at the beginning of this year, China's economic rebound may be earlier than originally expected.
As the Chinese economy stabilizes and turns upwards, the Chinese people will benefit, and the boost to the world economy will also pick up.
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