Zhuofeng News

China’s economy is stable and good, it’s amazing.

General Secretary Xi Jinping stressed

To do a good job in economic work in 2017, we must adhere to the general tone of steady progress, grasp the overall situation of economic and social development, ensure stable and healthy economic development, and strive to improve the quality and efficiency of economic operations; ensure that structural reforms on the supply side are deepened, and economic restructuring Make effective progress.

- The fifteenth meeting of the Central Financial and Economic Leading Group

(February 28, 2017)

"The results of economic development last year were relatively good, reflecting the general tone of the work of striving for stability. The general feature is to stabilize and stabilize." On the morning of March 6, the Fifth Session of the 12th National People's Congress was held. At the press conference, any of the leaders of the National Development and Reform Commission responded to the slowdown in economic growth in 2016. On the same day, Zhang Yong and Ning Jiwei, deputy directors of the National Development and Reform Commission, attended the meeting and responded to the economic and social development and macroeconomic regulation and control in 2017.

GDP goals are both necessary and necessary

In 2016, China's economic growth rate was 6.7%. From the year of last year, the total number of new jobs in urban areas was 13.14 million and poverty reduction was 12.4 million. The price trend was very stable, which was beneficial to the steady and healthy development of the economy. From the development stage, economic growth has changed from high-speed to medium-high speed. The annual economic growth and the ratio of the previous year are increasing, creating conditions for deepening supply-side reform. From an international perspective, China’s total economic output accounts for about 15% of the global economy in 2016, and economic growth accounts for the global economic growth. More than 30%, "This is a great achievement."

According to the government work report, the expected growth target for GDP this year is around 6.5%. He Lifeng said that this goal is necessary and possible. In terms of necessity, for every one percentage point increase in the current economy, roughly 1.7 million jobs can be created. By 2020, a well-off society will be built and the short-term development of the people's livelihood will be needed. "The steady and healthy development of the economy last year laid a solid foundation for this year's development."

Promote and revitalize the real economy

The real economy is the foundation of development. Some arguments believe that the pressure of survival in China's real economy has increased, and there has been a real trend.

"There are structural problems such as low supply quality and low efficiency, and structural obstacles such as imperfect market environment, as well as deep adjustment of the global industrial structure and external pressures of highly competitive international industry homogenization." And the difficulties faced by the real economy, Zhang Yong analysis.

In order to support and revitalize the real economy, the National Development and Reform Commission will focus on filling shortcomings, increasing effective supply, strengthening the construction of measurement, standards, certification and accreditation systems, and promoting the upgrading of enterprise quality; focusing on further decentralization and decentralization, reducing the burden on enterprises and enabling them to Better development under economic conditions.

"The virtual economy is born in the real economy and also serves the real economy. This principle cannot be changed. The government must always adhere to and implement this principle when formulating policy measures." Zhang Yong said.

Will prevent the overcapacity of coal power

In 2017, the de-capacity work is still at the top of the supply-side reform task. It is necessary to reduce the steel production capacity by about 50 million tons and withdraw from the coal production capacity of more than 150 million tons.

"This is a large quantity, reflecting the firm determination of the Chinese government to reduce production capacity." Ning Jizhen analysis, the current China's steel production capacity is about 1.1 billion tons, the annual apparent consumption is 800 million tons, and the capacity utilization rate is 70. More than one, there is a certain surplus; this year, 50 million tons will be removed, and the production capacity will be only 1 billion tons. The capacity utilization rate can reach 80%, which is normal in the market economy.

"We must make up our minds to remove backward and redundant production capacity, so that the steel and coal industries can be reborn, improve the concentration of enterprises, production efficiency, production level and modernization level, and at the same time better meet the needs of economic and social development for raw materials and energy. Can also improve the ecological environment." Ning Jiyu said.

In 2017, the production capacity will be expanded to the coal power industry. By the end of last year, the total installed capacity of China's power has reached 1.5 billion kilowatts. Although there is still a gap between the per capita power generation capacity and the developed countries, at present, the production capacity is relatively surplus. "The task of preventing and defusing the overcapacity of coal power is unswervingly Advance."

In addition, there are also surplus production capacity in industries such as nonferrous metals and building materials. “But these areas are relatively high in marketization, and it is necessary to promote production capacity through marketization and rule of law.”

Private investment growth rate is not high but the total amount is not small

At present, China's non-public economy has created about 80% of employment and more than 50% of tax revenue. However, in 2016, China's private investment growth rate was only 3.2%, which was a big decline compared to 2015. What is the reason?

Zhang Yong believes that this issue must be divided into two aspects: on the one hand, the decline in growth rate has its objective rationality. "The private economy itself has developed in the market economy and is most sensitive to market reactions." On the other hand, subjective government departments should also see that there are still problems to be solved in terms of government services and market access.

Although the growth rate of private investment last year was not high, the total amount was not small. The total private investment was about 36.5 trillion yuan, a net increase of more than 1 trillion yuan, accounting for 61.2% of the total social investment. Private investment plays an important supporting role in promoting sustained, stable and healthy economic development. The central government's various measures are taking effect. "After August last year, the growth rate of private investment began to stabilize and stabilize."

The next step will continue to promote the healthy development of private investment and support PPP. Since last year, 1,400 projects that have been publicized by the social capital party have been invested through PPP.

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