China News Service, Beijing, December 29th, title: Why should we be more optimistic about China's economy in 2021
China News Agency reporter Wang Enbo
The 2020 "progress bar" is about to run out.
People lament the hardships of the past year, and hope to invest in the coming year.
With regard to the Chinese economy in 2021, the epidemic stress test has not yet ended, and the "14th Five-Year Plan" exam is coming again. Should we be optimistic?
Looking back at the beginning of the year, the raging epidemic forced the Chinese economy to press the "pause button" for a while.
Business shutdowns, factory shutdowns, and shopping malls shut down. In the first quarter, China's GDP fell by 6.8% year-on-year, which is rare in history.
China's economy has always grown in storms.
-6.8%, 3.2%, 4.9%... Overall planning for epidemic prevention and development "walking on two legs" has allowed China's economy to improve quarter by quarter. The GDP growth rate in the first three quarters has rebounded "deep V", becoming the only major player in the world to achieve positive economic growth Economy.
The three major battles have achieved decisive achievements, major progress has been made in technological innovation, major breakthroughs have been achieved in reform and opening up, and the victory of building a moderately prosperous society in all respects is in sight, which will help the "13th Five-Year Plan" come to a successful conclusion.
For the Chinese economy next year, many authoritative organizations around the world have voted for confidence.
The World Bank predicts that China's economic growth rate is expected to rebound to 7.9%, and the International Monetary Fund expects China to play a greater role in responding to global economic challenges.
The profound foundation and accumulation have allowed the Chinese economy to turn crises into opportunities in the midst of storms and become a source of confidence in its continued stable recovery.
The world’s most complete and largest industrial system, strong production capacity, and complete supporting capabilities, and more than 170 million highly educated or professionally skilled talents, have made important contributions to global epidemic prevention and control, as well as China The resilience of the economy adds a footnote.
The super-large domestic demand market formed by 1.4 billion people including more than 400 million middle-income groups has become the fulcrum for China's economic recovery under the external environment of rising protectionism, downturn in the world economy, and shrinking global market.
Since the 2008 international financial crisis, the contribution rate of domestic demand to China's economic growth has exceeded 100% in seven years.
In the coming period, the domestic market will dominate the cycle of the national economy, and the domestic demand potential for economic growth will continue to be released.
the sun is always behind the storm.
Overcoming difficulties and dangers, China still has broad room for further economic and social development.
To achieve high-quality development, it is necessary to achieve connotative growth driven by innovation. This has been a consensus in China.
In the official news of the Central Economic Work Conference, "science and technology" and "innovation" were mentioned 30 times, almost twice the number of the previous year. "Strengthening the national strategic scientific and technological power" ranked first among the eight key tasks of China's economy in the coming year.
All this means that in the current increasingly fierce global technological competition, China has become more determined to expand its economic development space through technological innovation.
Under the new development pattern, based on the strategic basis of expanding domestic demand, promoting employment, improving social security, optimizing the income distribution structure, expanding middle-income groups, solidly promoting common prosperity, and expanding consumption, this series of tasks has also been put on the work schedule next year. .
At the same time, the deployment of comprehensive promotion of rural revitalization, vigorous development of the digital economy, and expansion of manufacturing equipment renewal and technological transformation investment will also further promote the formation of a strong domestic market.
The positive factors in China's economic operation are increasing, but the decision-makers are also fully prepared for possible risks.
There are many uncertainties in the current epidemic situation and the external environment, and the foundation for China's economic recovery is not yet solid.
The world economic situation next year will remain complex and severe, the recovery will be unstable and uneven, and various derivative risks caused by the impact of the epidemic cannot be ignored.
The Central Economic Work Conference proposed that it is necessary to enhance the sense of crisis, strengthen confidence in victory, and promote sustained economic recovery and high-quality development.
We must manage our own affairs well, stick to the bottom line thinking, improve the ability to predict and predict risks, and strictly guard against various risks and challenges.
In the context of the official requirements for better overall development and security, from strengthening anti-monopoly and preventing the disorderly expansion of capital, to solving the problems of seeds and arable land, to resolving the hidden debt risk of local governments, the new year is not here. The measures for the future have already been launched, directly targeting some of the risk points in China’s development process, and trying to lay a foundation for maintaining a reasonable range of economic operations in the coming year by removing these hidden dangers.
The 2021 "progress bar" is about to open.
When Vientiane is renewed, people expect and believe that these reasons for being more optimistic about China's economy will eventually "flower" and be realized as another solid and eye-catching report card.
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