Steady pace of high-quality development of China's economy

【Progress in the implementation of the spirit of the Fifth Plenary Session】

  In the context of the global epidemic and economic trends becoming more complex, the world is paying attention to where the Chinese economic giant will head.

  From October 26 to 29, 2020, the Fifth Plenary Session of the Nineteenth Central Committee of the Communist Party of China was held in Beijing, which clearly put forward the main goals of economic and social development during the "14th Five-Year Plan" period and sounded the loud horn of courageous progress.

  In the past year, the Party Central Committee has coordinated the overall strategy of the great rejuvenation of the Chinese nation and major changes in the world unseen in a century, coordinated epidemic prevention and control and economic and social development, leading China's economic stability and improvement, achieving new results in high-quality development, and taking steady steps.

Maintain the overall recovery

  At 18:45 on October 18th, Shen Zuanzhuan, a post-90s boy in Zhili Town, Wuxing District, Huzhou City, Zhejiang Province, posted a status in his circle of friends: "Delivery to Xiao Shen, and Ganoderma lucidum buds to be delivered at night." Recently, Shen The drill is busy taking orders and delivering Ganoderma lucidum and other products to consumers every day.

  After graduating from Zhejiang Agriculture and Forestry University, Shen Zuanzhuan returned to his hometown Zhili and planted Ganoderma lucidum and other crops for 3 years.

Nowadays, the ecological agriculture he manages has "beautiful", orders are increasing, and business is getting better and better.

Under his leadership, more than 900 rural households in the surrounding areas have stable employment and income.

  Employment is the "barometer" of the economy.

  Thanks to the economic recovery, the vigorous development of live streaming and platform economy, and the continued force of the employment priority policy, the employment situation in China is generally stable.

In the first three quarters of this year, 10.45 million new jobs were created in cities and towns across the country, 95% of the annual target has been completed, and the target for new jobs has been achieved well.

  Recently, reporters in Beijing, Zhejiang and other places found that the capital situation of many companies has improved, profits have grown rapidly, and investment in innovation has continued to increase; traditional industries have accelerated their transformation and upgrading, new business models and new models have continued to be active, and China’s economic development has shown signs of improvement. Strong resilience and potential.

  The latest economic report card shows that in the first three quarters of this year, the gross domestic product (GDP) was 8,23131 billion yuan, a year-on-year increase of 9.8% at comparable prices, and an average growth rate of 5.2% in two years; among them, the third quarter increased by 4.9% year-on-year. An average increase of 4.9% over the two years.

  "We see that China's main macro indicators are in a reasonable range, and both the supply side and the demand side have shown a steady recovery." said Xu Hongcai, deputy director of the Economic Policy Committee of the China Policy Research Institute.

Development momentum is steadily increasing

  At 20 o'clock on October 20, some e-commerce platforms launched the "Double Eleven" pre-sale activity, and many consumers couldn't help but "buy, buy, and buy".

  Since the beginning of this year, China's consumption has picked up.

In the first three quarters, the total retail sales of consumer goods was 318,057 trillion yuan, a year-on-year increase of 16.4%; the contribution rate of final consumption expenditure to economic growth was 64.8%, an increase of 3.1 percentage points from the first half of the year.

Zhang Yansheng, chief researcher of the China Center for International Economic Exchanges, believes that the pick-up in consumption indicates that China's policies for stabilizing bulk and key consumption and promoting new types of consumption have initially appeared.

  Xu Hongcai introduced that in the first three quarters, the added value and output growth of the primary, secondary and tertiary industries maintained a relatively high level, and the output of high-tech products rose sharply, reflecting the continuous optimization of China's economic structure and the further improvement of the quality of development.

At the same time, investment has achieved steady growth.

  In addition, the momentum of China's economic development has steadily increased.

In the first three quarters, the proportion of manufacturing value added was 27.4%, an increase of 1.1 percentage points over the same period last year. The value added of high-tech manufacturing above designated size increased by 20.1% year-on-year; the output of new energy vehicles and industrial robots increased by 172.5% and 57.8 year-on-year respectively. %.

  "New kinetic energy is an important force supporting the sustained and stable recovery of China's economy. China increases its investment in innovation and catches up with the world's frontier countries. In the future, it will surely form a new competitive advantage in the corresponding industrial chain." Macroeconomic Research of the Development Research Center of the State Council Said Li Chengjian, deputy director of the Ministry's Second Research Office.

Long-term positive fundamentals have not changed

  The latest issue of the World Economic Outlook Report released by the International Monetary Fund (IMF) a few days ago shows that the global economy is expected to continue to recover in 2021, but the momentum is slowing down. The annual growth rate is expected to be 5.9%, and the Chinese economy will grow by 8%.

  Against the background of repeated global epidemics, China's foreign trade has shown strong resilience.

In the first three quarters, the import and export of goods trade increased by 22.7% year-on-year.

Experts believe that China's economy continues to recover steadily, and the fundamentals of steady and long-term improvement remain unchanged, and it remains the stabilizing force leading the global economic recovery.

  At the same time, we must also be soberly aware that the risks and challenges facing the Chinese economy have become more complex and severe.

For example, the global epidemic is still full of variables, inflation in major economies continues to rise, international commodity prices are operating at high levels, and the problem of unbalanced and inadequate domestic economic development is still prominent.

  "In the process of steady recovery of our country's economy, there are also situations such as weak foundations. For example, from the perspective of quarterly economic growth, the decline is relatively obvious, and the downward pressure on the economy is relatively high, which needs to be concerned." Xu Hongcai said.

  Experts said that in the fourth quarter of this year and early next year, it is necessary to keep a clear head, based on the new development stage, fully, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, promote high-quality development, and ensure that the annual economic and social development goals are achieved on schedule. , A good start and a good step forward for the "14th Five-Year Plan".

(Reporter Liu Kun)

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