The second plenary meeting of the Fifth Session of the 13th National Committee of the Chinese People's Political Consultative Conference was held at 9:00 am on March 7 in the Great Hall of the People, and members made speeches at the meeting.

　　Wang Yiming, former deputy director of the Development Research Center of the State Council and member of the Party Group: The title of my speech is: China's economy is "stable" and can be expected to have momentum in "advance"

　　Since the second half of last year, under the combined influence of repeated epidemics, floods and policy adjustments, the downward pressure on China's economy has increased, and the economic growth rate in the third and fourth quarters has dropped to 4.9% and 4%.

At present, China's economy is still facing the triple pressure of demand contraction, supply shock, and weakening expectations. Coupled with the external uncertainty caused by the recent geopolitical conflict, risks and challenges have increased.

However, under the strong leadership of the Central Committee of the Communist Party of China with Comrade Xi Jinping at its core, the Chinese economy has shown resilience under pressure, nurtured opportunities amid challenges, and opened up new opportunities amid changes.

　　China's economy "stable" can be expected.

In the face of the complex and severe international environment and the spread of the domestic epidemic, China's economy has shown strong resilience.

In 2021, the economy will grow by 8.1%, and the GDP will reach 114.4 trillion yuan, which is equivalent to 17.7 trillion US dollars at the average annual exchange rate, and the status of the world's second largest economy will be more stable.

The per capita GDP reaches 12,500 US dollars, which is close to the threshold of high-income countries.

Moving towards 2022, the Central Economic Work Conference proposed that "steady words should be at the forefront, and progress should be pursued while maintaining stability", macro-policy cross-cyclical and counter-cyclical regulation will be coordinated and linked, and growth-stabilizing policies will be implemented more quickly.

Proactive fiscal policies have been put in place ahead of schedule, tax and fee reductions have been stepped up, new special bonds of 1.46 trillion yuan have been issued ahead of schedule, and the implementation of major projects during the 14th Five-Year Plan has accelerated, including a large number of new infrastructure, high-tech industries, and green and low-carbon projects. Construction.

The prudent monetary policy is more precise, the reduction of reserve requirements and interest rates, the increase of inclusive small and micro loans, the rapid growth of medium and long-term loans in the manufacturing industry, and the steady decline of the comprehensive financing cost of enterprises.

A series of policy combinations have effectively boosted the confidence of market players, creating favorable conditions for China's economy to stabilize and develop for the better.

　　China's economic "advance" has momentum.

Under the guidance of new development concepts, innovation-driven, digital economy, and green transformation have become new engines for economic transformation.

Accelerate scientific and technological self-reliance, strengthen the national strategic scientific and technological strength, enhance the main position of enterprises in innovation, make new breakthroughs in strategic high-tech, and increase the momentum of high-tech industries to inject new momentum into economic development.

5G, big data, artificial intelligence, etc. have been widely penetrated into various fields, digital transformation has expanded from the consumption field to the production field, the construction of an industrial ecology based on the industrial Internet has been accelerated, and the digital economy has sprung up. The number of animal enterprises ranks among the top in the world, and it has become an important force to hedge against the downward pressure on the economy.

Achieving peak carbon neutrality, forcing industrial transformation and upgrading, expanding investment in clean energy and low-carbon technologies, and green industry development are in the ascendant.

The momentum of new industries, new technologies, new business forms and new models has been strengthened, and new steps have been taken to promote high-quality development.

　　Stabilizing expectations is the key to a stable and sound economy.

At present, we must not only pay attention to the impact of the spread of the epidemic in many places and weak consumer demand on the demand side, but also pay attention to solving supply-side problems such as "lack of cores", "lack of cabinets" and rising commodity prices, but more importantly, to respond to social concerns, Stabilize market expectations.

To stabilize expectations, we must adhere to economic construction as the center, insist that development is the last word, concentrate on construction, and pursue development wholeheartedly.

To stabilize expectations, we must actively introduce policies that are conducive to economic stability, cautiously introduce policies that have a contractionary effect, and implement policy measures first.

To stabilize expectations, it is necessary to grasp the timeliness of policy introduction, insist on establishing first and then breaking, and fight steadily, maintain strategic focus and patience, and do not short-termize long-term goals, fragment system goals, and do not turn protracted battles into surprise battles.

To stabilize expectations, it is necessary to fully listen to the opinions of enterprises before the introduction of enterprise-related policies, reserve an adaptation period for policy implementation, and avoid “one size fits all” and layer-by-layer overweight in policy implementation.

To stabilize expectations, we must adhere to the "two unshakable", insist that the state-owned economy and the private economy are the inherent elements of my country's basic economic system, and private enterprises and private entrepreneurs are our own people. In China, the private economy can only grow, not weaken, and it must move towards high quality and a broader stage.

To stabilize expectations, it is necessary to create a level playing field, to ensure that various ownership entities use resource elements equally in accordance with the law, participate in competition openly, fairly and justly, and receive equal legal protection.

To stabilize expectations, it is necessary to correctly understand and grasp the characteristics and behavioral laws of capital. Preventing the disorderly expansion of capital is not about not needing capital, but promoting a healthier, more sustainable, and longer-term development of capital.

To stabilize expectations, it is necessary to look at the irregular practices in the history of private enterprises from a development perspective, adhere to the rule of law thinking, and the new regulations are not retroactive, so that entrepreneurs can unload their ideological burden and move forward lightly.

Only by stabilizing expectations can we stimulate market vitality, activate development momentum, and China's economy will be full of vigor.

　　In short, the "stable" situation of China's economy has not changed, and the process of "advancing" has not stopped.

As long as we strengthen our confidence, concentrate on running our own affairs well, expand the achievements of "steady", and strengthen the momentum of "advance", the giant ship of China's economy will be stable and far-reaching.

　　(Organized according to web text live broadcast)