(Two Sessions Observation) China releases policy signals intensively to boost confidence

　　China News Service, Beijing, March 7 (Reporter Li Xiaoyu) As expected by all walks of life, China intensively released policy signals during the National Two Sessions to release confidence in the Chinese economy to the outside world.

　　The government work report set the expected target for China's economic growth this year at about 5%, which is higher than the previous expectations of institutions such as the International Monetary Fund (IMF) and is also at the forefront among the world's major economies.

Observations believe that this move is intended to show the world that China still has the ability and determination to achieve stable economic growth and will remain the main engine driving the global economy.

　　This figure has also boosted people's expectations that China will introduce more active and effective measures to stabilize the economy.

During the two sessions, many policy signals have been released.

On March 5, the second session of the 14th National People's Congress opened in the Great Hall of the People in Beijing.

The picture shows the opening ceremony played on an outdoor large screen in Beijing.

Photo by China News Service reporter Jia Tianyong

　　According to the government work report, China plans to issue ultra-long-term special treasury bonds for several consecutive years starting from this year to systematically solve the funding problems of some major projects in the process of building a strong country and national rejuvenation. This year, it will first issue 1 trillion yuan (RMB, the same below).

Now, officials are working hard to formulate specific plans.

This year's deficit has also risen to 4.06 trillion yuan, a significant increase from the budget at the beginning of last year.

　　At a time when increased fiscal investment is needed in many aspects, China's proactive fiscal policy will be further intensified, which will effectively manage market expectations and significantly boost market confidence.

　　In response to the lack of investment confidence of some private enterprises, China's National Development and Reform Commission stated that this year it will do its utmost to encourage and support private enterprises to participate in the construction of major national engineering projects and projects that make up for shortcomings, in-depth rectification of outstanding problems in key areas of the construction of a unified national market, and to optimize the business environment.

　　China is also preparing to implement the "Safe Consumption Action" to encourage people to increase consumption.

The Ministry of Commerce stated that it will fully mobilize the enthusiasm of all parties to promote the replacement of old consumer goods such as automobiles, home appliances, home decoration, kitchen and bathroom.

On March 6, the second session of the 14th National People's Congress held an economic-themed press conference.

Photo by China News Service reporter Yang Huafeng

　　At present, China's consumption is growing rapidly.

During the Spring Festival holiday in the Year of the Dragon, domestic movie box office and tourism revenue hit new highs.

Some analysts pointed out that the deployment to promote consumption at this time is "strike while the iron is hot", which can effectively promote the expansion of domestic demand and provide solid support for economic growth.

　　In response to the severe foreign trade situation, China announced that it will support enterprises to explore diversified markets and actively expand the import of high-quality products.

The Ministry of Commerce stated that it will further strengthen financial service guarantees for foreign trade companies, especially small, medium and micro enterprises, and promote the convenience of visa applications for business personnel.

　　The government work report also made it clear that it will promote the implementation of free trade agreements that have taken effect, negotiate and sign high-standard free trade agreements and investment agreements with more countries and regions, advance negotiations on version 3.0 of the China-ASEAN Free Trade Area, and promote joining the Digital Economic Partnership Agreement (DEPA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

　　This fully highlights China's determination to expand high-level opening up to the outside world, helps stabilize the expectations of all parties on China's policies, boosts confidence in global cooperation, and rebuilds people's trust in the future.

　　The goal has been set, and more specific measures are expected to be rolled out one after another.

As the world's second largest economy, China has taken pragmatic actions to enhance people's confidence in its development prospects, which not only benefits its own country, but also benefits the world.

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