Promote overall economic improvement (authoritative interview)
——Interview with Zhao Chenxin, Member of the Party Leadership Group and Deputy Director of the National Development and Reform Commission
Our reporter Lu Yanan
The Central Economic Work Conference held a few days ago pointed out that my country's economy has strong resilience, great potential, and sufficient vitality. The effects of various policies continue to show, and the overall economic operation is expected to rebound in 2023.
We must strengthen our confidence in doing economic work well.
How do you view the current economic situation in China?
How to promote the overall improvement of economic operation?
Our reporter interviewed Zhao Chenxin, a member of the party group and deputy director of the National Development and Reform Commission.
How to judge the economic situation? In 2023, my country's development will have a good foundation and more favorable conditions
Reporter: How do you view the challenges facing the current economic operation?
The Central Economic Work Conference proposed that the overall economic operation is expected to pick up in 2023. What is the main basis for making this judgment?
Zhao Chenxin: In 2022, my country's economy will stabilize amid fluctuations, and the annual GDP is expected to exceed 120 trillion yuan.
Such achievements have been achieved on the basis that my country's economic aggregate has exceeded one trillion yuan for two consecutive years. It has been achieved in a complex and severe domestic and foreign environment, and it has been achieved after overcoming difficulties and challenges one after another.
The performance of our country's economy among the world's major economies is very outstanding. The achievements are hard-won and need to be cherished.
At present, my country's economic development is indeed facing some difficulties and challenges. The foundation for economic recovery is not yet solid. The epidemic is still an important factor affecting the smooth operation of the economy. The triple pressure of demand contraction, supply shock, and weakening expectations is still relatively large.
But it is more important to see that these problems are difficult challenges in the process of progress. my country's economy has strong resilience, great potential, and sufficient vitality. The fundamentals of long-term improvement have not changed. pick up.
First, the development is more fundamental.
In the new era, my country's economic strength has achieved a historic leap in ten years. The total economic volume accounts for 18.5% of the world economy. We have a complete industrial system, a large-scale domestic market, and an increasingly complete infrastructure network. Food, energy resources, and important industries The security guarantee capabilities of the chain and supply chain are continuously enhanced, and the advantages of huge market potential and strong economic resilience will be further demonstrated.
Especially since 2022, we have effectively and effectively responded to the shocks of unexpected factors, steadily improved the quality of development, achieved fruitful results in scientific and technological innovation, comprehensively deepened reform and opening up, basically stabilized employment prices, effectively guaranteed food security, energy security, and people's livelihood, and maintained economic stability. The overall social situation is stable, laying a solid foundation for the development in 2023.
Second, kinetic energy is gathering.
The Central Economic Work Conference emphasized the need to effectively implement the "two unshakable" and protect the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law. As the effects of reforms in key areas and key links continue to emerge, high-level opening-up is steadily advancing, and market vitality is expected to be further stimulated .
More breakthroughs in key core technologies, the development and growth of strategic emerging industries, accelerated transformation and upgrading of traditional industries, and the smooth progress of a number of major manufacturing projects will continue to release strong momentum.
Major regional strategies and regional coordinated development strategies will be implemented in depth, and the radiation and driving effects of innovation poles and power sources such as Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area will be further highlighted, and the space for regional urban-rural coordinated development will be further expanded, which will continue to promote high-quality economic development. develop.
The third is to continue to exert force in policies.
Through the practice of coping with various internal and external shocks and challenges, macro-control measures have been enriched, policy reserve tools have been more sufficient, and preparations in all aspects have been more fully prepared.
The Central Economic Work Conference has made deployments for the economic work in 2023. We will insist on stability and progress in stability, increase macro-policy regulation, optimize the five major policy combinations, grasp the six "better overall plans", and do a good job Five key tasks, stock policy and incremental policy will superimpose efforts, which is expected to promote economic recovery.
In general, my country's development in 2023 has a good foundation and more favorable conditions. We have the confidence, conditions and ability to promote the overall improvement of economic operation, and achieve effective improvement in quality and reasonable growth in quantity.
How to exert force in macro-control? Strive to achieve optimal policy mix and maximum overall effect
Reporter: How to make good use of the macro policy toolbox in 2023 to promote the overall improvement of economic operation and boost the confidence of all parties in China's economic development?
Zhao Chenxin: 2023 is the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China.
We must fully implement the spirit of the 20th National Congress of the Communist Party of China and the deployment of the Central Economic Work Conference, proceed from the overall strategy, start with improving social psychological expectations and boost development confidence, scientifically and accurately implement macro-control, and promote the formation of joint efforts to promote high-quality development.
Focus on the following aspects of work.
The first is to adhere to the word stability, seek progress while maintaining stability, and increase the intensity of macro-policy regulation.
Maintain the continuity and stability of macro policies, enhance the effectiveness and flexibility, continue to implement a proactive fiscal policy and a prudent monetary policy, and better leverage the financial leverage to mobilize social funds.
Comprehensively use a variety of monetary policy tools to maintain reasonable and sufficient liquidity, and increase targeted support for key areas and weak links such as small and micro enterprises, technological innovation, and green development.
At the same time, expand employment capacity, improve employment quality, and stabilize the overall price level.
The second is to adhere to the concept of system, keep the integrity and innovate, and strengthen policy coordination and cooperation.
Strengthen the coordination and cooperation of fiscal, monetary, industrial, technological, and social policies, and strive to achieve the optimal policy mix and the greatest overall effect.
Strengthen the assessment of consistency with the macro policy orientation, take it as an important starting point for strengthening policy coordination, promote all aspects to enhance the overall view, and strive to create a stable and predictable macro policy environment.
Strengthen the coordination and connection of multi-year policies, and promote the continuous release of policy effects in 2023, such as policy-based developmental financial instruments introduced and implemented since the second half of 2022, support for equipment renewal and transformation, and expansion of medium- and long-term loans for the manufacturing industry.
The third is to insist on outlines and outlines, to improve and boost expectations and confidence.
Focus on expanding domestic demand, fully implement the strategic planning outline for expanding domestic demand and the "14th Five-Year Plan" implementation plan, give priority to restoring and expanding consumption, and effectively drive social investment through government investment and policy incentives.
Accelerate the construction of a modern industrial system, implement the innovation-driven strategy, focus on making up for shortcomings and strengthening long-term strengths, and strive to break through bottlenecks that restrict high-quality development.
We will earnestly implement the "two unwavering" policies, accelerate the construction of a high-standard market system, support the development and growth of the private economy and private enterprises, and vigorously boost market confidence.
Make greater efforts to attract and utilize foreign capital, implement the new catalog of industries that encourage foreign investment, protect the rights and interests of foreign investment in accordance with the law, and attract global resource elements with a domestic cycle.
Strengthen the safety guarantee of food, energy, and industrial chain supply chains, effectively prevent and resolve major risks, and firmly hold the bottom line of safe development.
We will do a good job in the implementation of various policies in accordance with the deployment of the Party Central Committee.
At the same time, we will keep track of economic performance in a timely manner, strengthen policy pre-research reserves, continuously enrich the policy toolbox to deal with unexpected shocks, promote the introduction of new policy measures in due course, focus on stabilizing growth, employment and prices, and maintain economic operation within a reasonable range.
How to tap the potential to expand domestic demand? Give full play to the fundamental role of good consumption and the key role of investment
Reporter: The Central Economic Work Conference will "focus on expanding domestic demand" as a key task in 2023.
In 2023, what are the new practical and hard moves in terms of promoting consumption and stabilizing investment?
Zhao Chenxin: Insufficient aggregate demand is a prominent contradiction facing the current economic operation.
In accordance with the spirit of the Central Economic Work Conference, we will vigorously promote the implementation of the "Strategic Planning Outline for Expanding Domestic Demand (2022-2035)" and the "Implementation Plan for the "14th Five-Year Plan" Strategy for Expanding Domestic Demand" and give full play to the fundamental role of consumption. The key role of investment and investment, and strive to release the demand potential of my country's ultra-large-scale domestic market.
In terms of consumption, the key point is to give priority to the recovery and expansion of consumption, and take multiple measures to encourage residents to want to consume, dare to consume, and be able to consume.
One is to enhance consumption capacity.
Increase the income of urban and rural residents through multiple channels, especially increase the consumption capacity of low- and middle-income residents who have a high propensity to consume but are greatly affected by the epidemic.
Implement the price control mechanism for important livelihood commodities, and intensify efforts to ensure supply and stabilize prices.
The second is to improve consumption conditions.
Focusing on economic development and the urgent needs of people's livelihood, strengthen the construction and renovation of parking facilities, accelerate the construction of charging facilities and equipment along highways, transportation hubs, and residential areas, promote the renovation and upgrading of old commercial districts, promote the embedding of various consumer formats in commercial facilities, and optimize consumption environment.
Support housing improvement, new energy vehicles, elderly care services and other consumption, and promote the continuous recovery of consumption in key areas and bulk commodities.
The third is to innovate consumption scenarios.
Conform to the upgrading trend of residents' consumption, promote the deep integration of online and offline development, continue to improve the consumption experience, encourage traditional commercial distribution enterprises, professional markets and platform enterprises to strengthen cooperation, and use new technologies and applications to expand the shopping experience.
In terms of investment, the key point is to effectively drive the investment of the whole society through government investment and policy incentives, forming a virtuous circle in which a batch is reserved, a batch is constructed, and a batch is completed.
One is to increase investment in key areas and weak links.
Focus on 102 major projects in the "14th Five-Year Plan" plan, and strive to accelerate the construction of major projects.
Appropriately carry out infrastructure investment in advance, strengthen the construction of major infrastructure such as transportation, energy, and water conservancy, systematically deploy new infrastructure, strengthen inter-regional infrastructure connectivity, increase support for manufacturing investment, and strengthen food security, energy security, and industrial chain supply Strengthen the construction of chain security and other fields, and strengthen support for major issues to ensure people's livelihood needs.
The second is to play a good investment policy combination.
We will further optimize and adjust the investment structure within the central budget, and concentrate our efforts on major, difficult, and urgent matters at the national level.
Actively do a good job in the preparation of local government special bond projects and other work, and promote the construction of special bond projects as scheduled.
Promote the accelerated construction of policy-based development financial instrument projects, and form more physical workloads as soon as possible.
Accelerate the release of special re-loans for equipment renovation and transformation and the effectiveness of the policy of medium and long-term loans for manufacturing industries to promote the steady growth of manufacturing investment.
Supervise and guide all localities to continuously improve the project reserve mechanism, and do a good job in the preliminary work of the project.
The third is to boost private investment confidence.
Strengthen the financing support of private investment projects through the investment and financing cooperation docking mechanism, support private investment in various ways to revitalize stock assets, and regulate and encourage the healthy development of private investment.
Promote the healthy development of infrastructure REITs, and recover funds for new project construction.
Improve the investment environment, encourage and attract more private capital to participate in the construction of major national projects and short-term projects.
(People's Daily)