After re-raising the growth target, who will be the "C position" in China's economic work this year?

(Observation of the NPC and CPPCC) Who will be "C" in China's economic work this year after re-raising the growth target?

　　China News Agency, Beijing, March 7 (Reporter Wang Enbo) After a year of "absence", the GDP growth rate once again appeared in the main expected target of China's annual development.

　　The government work report released on the 5th stated that China's GDP is expected to grow by more than 6% in 2021.

In the previous year, due to the huge uncertainty brought about by the epidemic, the government did not set a specific annual growth rate target.

　　"Last year's situation was unique and not of universal significance." Qu Hongbin, chief economist of HSBC Greater China, told reporters that this year's government work report still sets GDP growth targets, showing that policies are important for stable growth. , Emphasis on stabilizing employment and protecting people's livelihood.

More importantly, this has also maintained stability and consistency with the setting of the growth rate target for the year before the epidemic.

　　However, the government work report reiterated the goal of GDP growth, which does not mean that speed will become the core demand in the process of China's economic recovery.

　　Previously, the market generally expected China's economic growth rate to be around 8% this year. Compared with this, the target of “over 6%” is obviously more “low-key”.

In the words of Li Yang, chairman of the National Finance and Development Laboratory, this formulation is "very calm and sincere."

　　Observations believe that this move reflects the consideration of bottom-line thinking, and also reflects that China’s current growth targets are set to guide the economy to operate within a reasonable range and provide effective support for the development of various fields, rather than blindly seeking speed.

　　After clarifying the principle of "growth but not only growth", it is not difficult to see that this year's government work report focuses on improving the quality of development in terms of goal setting and work deployment.

　　The concern for people's livelihood is just one example.

　　High-quality development is a grand national goal, and it is also a warm people's livelihood promise.

From a data point of view, the government work report appears to be more "rigorous" in setting people's livelihood indicators compared to the "easy" growth target.

　　For example, the report proposes that more than 11 million new jobs will be created in cities and towns this year, which is significantly higher than the target of more than 9 million people last year.

In addition, the urban surveyed unemployment rate, prices and other targets have also returned to levels that are basically the same as before the epidemic.

　　Cheng Shi, chief economist of ICBC International, believes that this reflects China's further strengthening of concerns about people's livelihood, care of microcosms, and overall consideration of all-round development issues.

This is an idea that is compatible with the current global situation and the impact of the new crown epidemic. It means that while China is seeking a growth rebound, it is also pursuing the improvement of employment opportunities and well-being created by growth.

　　The same is true for the emphasis on innovation.

　　High-quality development depends on innovation. Only by insisting on innovation-driven can we cultivate new kinetic energy and open up new horizons for the economy.

This point has become a consensus in China.

　　To this end, the government work report launched a series of practical measures to increase support for technological innovation, including setting a central government-level basic research expenditure growth target of 10.6%, and increasing the rate of deduction for manufacturing enterprises’ R&D expenses to 100%.

　　In the eyes of Lei Jun, deputy to the National People's Congress and chairman of the Xiaomi Group, the above measures can be called "top support."

He believes that with strong guidance and incentives, China's science and innovation industry will show stronger innovation vitality and make greater contributions to high-quality development, sustainable and healthy development.

　　Pushing reform without losing the opportunity is a manifestation of the priority of development quality.

　　"The new development pattern must be a pattern of reform and deepening." Liu Wei, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and President of Renmin University of China, said that only by deepening reform and expanding opening up can we continuously eliminate the disadvantages of the institutional mechanisms that restrict development and make up for the shortcomings of economic development. Weaknesses provide support for China to achieve high-quality development.

　　In this government work report, a series of reforms in key areas were put on the agenda, including pilots for comprehensive reform of the market-oriented allocation of factors, advancement of basic industry reforms such as energy, transportation, and telecommunications, and deepening of fiscal, taxation and financial system reform.

　　Yang Weimin, member of the Standing Committee of the Chinese People's Political Consultative Conference and deputy director of the Economic Committee, believes that under the circumstance that there is little pressure to stabilize growth this year, using the precious time window and concentrating efforts to promote reform and innovation will lay the foundation for China's future development.

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