Original title: Macro policy needs to move forward
Since the beginning of this year, China's economy has been operating steadily and rebounding, fully reflecting the important role of macro policies in advancing and accelerating the implementation of effective policies. The recently held meeting of the Political Bureau of the Central Committee of the Communist Party of China (CPC) required that we should effectively implement the macro policies that have been determined, and implement positive fiscal policies and prudent monetary policies. This has pointed out the direction for the next stage of economic work.
At present, the number of positive factors in China's economic operation has increased, social expectations have improved, and high-quality development has been solidly promoted, laying a solid foundation for achieving the annual goals. At the same time, the economy is still facing many challenges when it continues to recover. The main challenges are that effective demand is still insufficient, enterprises are under great pressure to operate, there are many risks and hidden dangers in key areas, the domestic circulation is not smooth enough, and the complexity, severity and uncertainty of the external environment are rising significantly. The potential must rise but not fall. The second quarter is an important window period for the economic operation of the whole year. To consolidate and strengthen the economic recovery, we should adhere to the momentum, avoid tightening before loosening, and focus on improving the effect of macroeconomic policies to support high-quality development.
Going forward means that we should further strengthen the forward-looking and scientific nature of macro policies, lay a good lead and reserve redundancy in policy reserves, do a good job in the pre research and planning of major policies according to the needs of domestic and international environmental changes and situation development, strengthen economic monitoring, prediction and early warning, and prepare effective policy tools to deal with various impacts. Effective implementation is to further enhance the pertinence and effectiveness of macro policies, grasp the main contradictions, break through bottleneck constraints, more efficiently promote the implementation of various established policy arrangements, improve the effectiveness of macro policies to micro transmission, and enhance the sense of gain.
The proactive fiscal policy should be moderately strengthened and improved in quality and efficiency. We will implement ultra long term special government bonds to support the implementation of major national strategies and the building of security capacity in key areas, and accelerate the release of investment within the central budget and the issuance and use of special local government bonds. Maintain the necessary intensity of financial expenditure to ensure that the basic level "three guarantees" are paid on time and in full. A prudent monetary policy should be flexible, appropriate, accurate and effective, flexibly use policy tools such as interest rates and deposit reserve ratio, increase support for the real economy, and reduce the cost of comprehensive social financing. In terms of policy implementation, we should strengthen coordination and linkage and amplify the combination effect. We will strengthen the coordination and cooperation of fiscal, monetary, employment, industrial, regional, science and technology, environmental protection and other policies, incorporate non economic policies into the evaluation of the consistency of macro policy orientation, strengthen policy coordination, and ensure that all policies work in the same direction and form a joint force.
In view of the prominent problems existing in the economic operation, an important task of macro-control is to maintain a general balance between aggregate demand and aggregate supply. We should focus on the prominent contradiction of insufficient effective demand and actively expand domestic demand. Accelerate the exchange of old consumer goods for new ones, expand the consumption of cars, household appliances, mobile phones and other goods and the consumption of cultural and tourism services, and intensify efforts to foster new growth points such as new consumption scenarios and new business forms; Deeply promote the people-oriented new urbanization, put the citizenization of agricultural transfer population in a more prominent position, and release the huge domestic demand potential in the new urbanization; We will implement a new mechanism for cooperation between government and social capital, and fully stimulate the vitality of private investment. We should seize the key of scientific and technological innovation to promote industrial innovation, and develop new quality productivity according to local conditions. Cultivate and expand emerging industries, advance the layout and construction of future industries, use advanced technology to enable the transformation and upgrading of traditional industries, and accelerate the construction of a modern industrial system.
China's economy has a stable foundation, many advantages, strong resilience and great potential. As long as we have firm confidence and work hard, with the continuous efforts of macro policies, China's economic recovery will be further consolidated and strengthened.
