First Observation | Steady Words, Seek Progress in Stability, Understand the Profound Meaning of the Central Economic Work Conference
"Next year's economic work must take the lead and seek progress while maintaining stability."
The Central Economic Work Conference held from December 8th to 10th revealed a clear tone for economic work in 2022.
The Central Economic Work Conference held at the end of the year summarizes the economic work of the year, takes the pulse of the current economic situation, and sets the tone for the next year's development plan. It has become an important institutional arrangement for the Communist Party of China to govern the country and an important window for the world to understand the Chinese economy.
The 2021 Central Economic Work Conference is the 10th Central Economic Work Conference since the 18th National Congress of the Communist Party of China.
General Secretary Xi Jinping delivered an important speech at the meeting.
From December 8 to 10, 2021, the Central Economic Work Conference will be held in Beijing.
General Secretary Xi Jinping attended the meeting and delivered an important speech.
Photo by Xinhua News Agency reporter Ju Peng
After the "14th Five-Year Plan" has achieved a good start, how to ensure the stability and long-term growth of China's economy on the new journey, the important signal sent by this meeting has attracted much attention.
"Stability" has become the most prominent keyword at the Central Economic Work Conference this year.
"Efforts to stabilize the macroeconomic market", "Maintain the overall social stability", "All regions and departments must take the responsibility of stabilizing the macroeconomy", "Macro policies must be stable and effective"... In the news draft of less than 5,000 words, the word "stable" Appears 25 times.
Why is the word "stable" so emphasized?
Responding to the downward pressure on the economy is the primary consideration.
The epidemic situation of the century has been superimposed on a hundred years of changes, and the external environment has become more complex, severe and uncertain.
Shrinking demand, supply shocks, and weakening expectations-while affirming the hard-won achievements of my country's economic development this year, the conference also pointed out the current triple pressures.
While my country's economy is recovering steadily this year, the growth rate has been high and then low. The "breaking 5" economic growth rate in the third quarter indicates that the downward pressure on the economy has increased.
Taking into account the influence of multiple factors such as the base effect, preventing the economic downturn from forming inertia and stabilizing the macroeconomic market have become the focus of next year's economic work.
From the perspective of my country's development stage, the importance of "stability" is self-evident.
At present, my country's GDP has crossed the threshold of one hundred billion yuan, and the per capita GDP has exceeded 10,000 U.S. dollars. It is moving towards a high-income country.
A characteristic of economic development at this stage is the slowdown in growth. At the same time, there will be many risks and challenges in economic and social development. From this perspective, stabilizing the economy is particularly critical.
Judging from the current overall environment, it also needs to be "stable."
As the meeting pointed out, the 20th National Congress of the Party will be held next year. This is a major event in the political life of the Party and the country. It is necessary to maintain a stable and healthy economic environment, a social environment for the country and the people, and a clean political environment.
How to ensure the realization of "stable character and seek progress in stability"?
The fundamental point of maintaining strategic determination and seeking progress while maintaining stability is to stabilize the overall situation and keep making progress.
Take stability as the keynote and seek progress while maintaining overall stability.
The meeting put forward seven major policies, and made specific arrangements in terms of macro, micro, structure, technology, reform and opening up, region, and society. The key to maintaining the overall stability of the macro economy is to organically combine stable growth, structural adjustment, and reform to ensure stability. Escort the overall situation.
The top of the seven policies is "macro policy must be sound and effective."
"Steady" emphasizes the continuity, stability, and sustainability of policies, while "effective" emphasizes that policies must be strong to support economic development and can better withstand downward pressure on the economy.
This requirement is fully reflected in the specific deployment of fiscal policy and monetary policy.
The intensity of fiscal expenditures must be ensured and the progress of expenditures must be accelerated; while maintaining a sound monetary policy, it emphasizes flexibility and appropriateness, and maintains reasonable and sufficient liquidity.
The meeting emphasized that fiscal policy and monetary policy should be coordinated and linked, and cross-cyclical and counter-cyclical macro-control policies should be organically combined.
This sends an important signal that to do a good job in economic work, we must adhere to a systematic concept, follow economic laws, strengthen overall planning and coordination, and prevent one from neglecting the other.
Coordinate "stability" and "progress" and achieve high-quality development through mutual promotion.
"Adhere to stability while seeking progress" is an important principle of our party's governance of the country, and it is also a methodology for doing economic work well.
In the practice of responding to risks and challenges, our party's understanding of the regularity of economic work has been further accumulated.
This meeting clearly put forward the "four musts": we must uphold the centralized and unified leadership of the Party Central Committee, we must uphold high-quality development, we must uphold stability while seeking progress, and we must strengthen overall planning and coordination.
From December 8 to 10, 2021, the Central Economic Work Conference will be held in Beijing.
General Secretary Xi Jinping attended the meeting and delivered an important speech.
Photo by Xinhua News Agency reporter Wang Ye
Focusing on the many new issues that have emerged after entering the new stage of development, this conference is eye-catchingly proposed to correctly understand and grasp five major theoretical and practical issues, involving the strategic goals and practical approaches to achieve common prosperity, the characteristics of capital and the law of behavior , Guaranteeing the supply of primary products, preventing and resolving major risks, carbon peak and carbon neutrality, etc., to solve doubts and clear the source.
Emphasizing that achieving common prosperity "is a long-term historical process, and we must steadily move towards this goal"; proposed "to set up a'traffic light' for capital" and "prevent the barbaric growth of capital"; deploy "do a good job in risk management"; clearly achieve carbon Dafeng Carbon Neutrality "is impossible to complete its work in one battle"... Clarifying the understanding of these major issues is conducive to building consensus and identifying the key points of "stability" and the entry point for "progress".
The regular understanding of the "four musts" and the in-depth interpretation of five major issues are the latest achievements of Xi Jinping's economic thinking and provide a fundamental basis for promoting high-quality development.
Economic operation is a dynamic process.
This meeting conveyed a clear problem orientation, emphasizing on the timeliness and effectiveness, not making long-term goals short-term, system goals fragmented, not turning protracted warfare into assault warfare, and pointing out the direction for how to achieve "seek progress while maintaining stability". Put forward higher requirements for leading cadres to do economic work well.
With more comprehensive "stability", higher quality "progress" and efforts to achieve a dynamic balance of multiple goals, this is the new examination paper of the era before us.
Understand the profound meaning of this year's Central Economic Work Conference, grasp the new connotation of "seeking progress in stability", concentrate on solving the economic development examination paper next year, and greet the party's 20th victory with excellent results.
Producer: Zhao Cheng
Planning: Zhang Xudong
Lead writers: Han Jie, Yu Jiaxin
Coordinator: Zou Wei, Luo Hui, Wang Xuan
Vision | Editor: Wu Jingjing, Zhu Gaoxiang
Xinhua News Agency Domestic Production
Produced by Xinhua News Agency No. 1 Studio