China News Service, Beijing, March 7. During the two sessions, the Chinese government work report continued to attract attention at home and abroad.

From stabilizing housing prices, stimulating consumption to creating jobs, many foreign media have in-depth interpretation of China's "active actions" in stabilizing growth, and predict that the use of fiscal force to drive infrastructure investment may be an important starting point for boosting the economy this year.

Data map: Qingshen County, Sichuan Province, the Huduxi Navigation and Power Project under construction.

(UAV photo) Photo by China News Agency reporter Liu Zhongjun

The word "stability" is in the forefront of how China takes the initiative to act

  Gross domestic product increased by about 5.5%; the surveyed urban unemployment rate was controlled within 5.5% for the whole year; the consumer price rose by about 3%... The main expected target proposed in the Chinese government work report has aroused widespread concern at home and abroad.

  Singapore's "Lianhe Zaobao" pointed out that China's economic growth target of about 5.5% is not easy to come by, and it needs to focus on infrastructure construction, which also depends on the recovery process of the property market and the trend of the international situation.

  "Lianhe Zaobao" quoted Xie Dongming, head of research at OCBC Greater China, as saying that compared with exports and consumption, which have many uncontrollable factors, the use of fiscal force to drive infrastructure investment is more in line with the "active actions" proposed in the government work report. , is expected to be an important starting point for stimulating the economy this year.

  The French newspaper Les Echos said that the Chinese government made the word "stability" a "top priority" for its work in 2022, promising to implement "more targeted and sustainable" stimulus measures and increase the implementation of a prudent monetary policy. Strength, stabilizing land prices, stabilizing housing prices, and stabilizing expectations.

  The US "Wall Street Journal" noted that China's economic growth target of about 5.5% this year "is a medium-to-high-speed growth on a high base, which reflects the initiative and requires hard work to achieve."

  The New York Times proposed that China will set its economy in 2022 on a path of steady expansion, prioritizing growth, job creation and increasing social welfare.

Data map: Chaoyang District, Beijing held an activity to promote the employment and recruitment of college graduates.

Photo by China News Agency reporter Tomita

Lowering the deficit ratio, fiscal policy needs to improve efficiency

  In China's 2022 government work report, the deficit rate is planned to be around 2.8%, which is lower than last year, which has attracted much attention from the outside world.

  The US "Wall Street Journal" noted the remarks made by the Chinese Ministry of Finance.

The report proposes that China's proactive fiscal policy in 2022 should improve its efficiency and pay more attention to precision and sustainability.

  India's "Business Standard" quoted the analysis of Jacqueline Rong, deputy chief economist of BNP Paribas China, as saying, "The 2.8% deficit rate is obviously set for the sustainability of medium and long-term fiscal policy." The analysis believes that , even if the fiscal deficit does not expand, the Chinese government's fiscal support for the economy will remain strong.

Data map: In Taiyuan, Shanxi, consumers buy vegetables in a supermarket.

Photo by China News Agency reporter Zhang Yun

Expanding domestic demand to boost domestic economic development

  Reuters quoted analysts as saying that the Chinese government work report proposed to strengthen domestic demand, promote the continuous recovery of consumption and support the consumption of new energy vehicles, which belongs to the category of stable growth and may provide a good boost to related sectors.

  Russia's TASS news agency reported that the Chinese government may discuss new policies to stimulate consumption in the near future.

The report noted that Xu Hongcai, Vice Minister of Finance of China, previously mentioned that in 2022, preferential tax policies will mainly involve fields such as science and technology, medical care and education.

Data map: A real estate building under construction in Fuzhou City, Fujian Province.

Photo by China News Agency reporter Zhang Bin

The main tone of "housing, not speculation" remains unchanged

  Bloomberg believes that China's economic growth target has refocused on fiscal stimulus.

Whether China can achieve its growth target this year largely depends on the effectiveness of policy measures to stabilize the property market.

  Reuters quoted analysts as saying that at the real estate level, the Chinese government work report has not changed the main tone of "housing, not speculating," and continued to emphasize "three stability" and city-specific policies to promote a virtuous circle and healthy development of the real estate industry.

But "doing is more important than talking", only when real estate is stable can the economy be stable. Relaxation has actually been demonstrated on the demand side. This year's policy is expected to focus on stabilizing real estate investment.

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