Whenever the economic development is at a critical moment, our Party can always eliminate the accumulated disadvantages of the system and mechanism through reform, and release the system dividend for economic development, which has become an important methodology for China's economic development

Now, to promote reform, we should not only focus on top-level design, but also on establishing a transmission mechanism for reform implementation, so that the system dividend and policy dividend released at the macro level can be transformed into a sense of gain for the micro market players

Recently, the detailed rules of the draft for comments on the Science and Technology Innovation Board were released, allowing "different rights for the same share", five sets of differentiated listing standards and other provisions, which are considered to be a huge institutional tolerance of reform for science and technology innovation enterprises. How can the Science and Technology Innovation Board strengthen financial support for the real economy? How to demonstrate the ability of the capital market to serve the innovative economy? People's expectations for the Science and Technology Innovation Board are also expectations for deepening reform, hoping to release more institutional dividends through reform.

In the early days of reform and opening up, Guangdong took a step ahead of the rest of the country. Comrade Deng Xiaoping said, "You can give some policies and work your own way out!" A series of system and mechanism reforms started from this, injecting strong impetus into economic development. The implementation of the household contract responsibility system has mobilized the enthusiasm of farmers for production and management; Get rid of the shackles of "surnamed capital and surnamed society" and create soil for the development of market economy; The establishment of special economic zones has promoted the tide of reform and opening up. From the "dual track system" to the "price breakthrough", from the reform of state-owned enterprises to the establishment of a macro-control system, whenever the economic development is at a critical moment, our party can always eliminate the accumulated disadvantages of the system and mechanism through reform, and release the system dividend for economic development, which has become an important methodology for China's economic development.

Focusing on promoting economic development through institutional reform is also the governance idea since the 18th CPC National Congress. Since the Third Plenary Session of the 18th CPC Central Committee, more than 1900 reform plans have been launched, which has opened new space and provided new impetus for China's development while increasing the vitality of the system and mechanism. It is proposed to "enable the market to play a decisive role in resource allocation and better play the role of the government". The boundary between the government and the market is constantly clarified, and the business environment is continuously optimized; Streamlining administration and delegating power has been further promoted, the negative list has been gradually established, the market access scope has become larger and larger, and more and more new market players have been added; The Xiong'an New Area planning was released, the Beijing Tianjin Hebei integration pattern was formed, and the Yangtze River Delta integration was upgraded to a national strategy. A series of "vertical and horizontal should have Lingyun pen" reform and integration of regional development advantages... The reform leverage with institutional innovation as the fulcrum is still continuous, strong and powerful. Although the process of economic transformation and upgrading will be accompanied by external pressure and internal pain, as we have experienced in the past 40 years of reform and opening up, every time there is "no way out", we can always usher in a "bright future" by deepening reform.

Today, when 120 Chinese enterprises have entered the world's top 500, and when Alibaba, Tencent and other enterprises have become the world's leading Internet enterprises, we have reason to believe that creating a better institutional environment for various market players through reform is the need for development, the source of prosperity, and the source of confidence. In this process, the determination of "adhering to the supply side structural reform as the main line" is unbreakable. In the past year, adhering to the main direction of "breaking, establishing and reducing", we continued to promote structural capacity reduction and systematic capacity optimization, constantly improving the supply structure, and steadily improving the quality and benefits of development; By improving the system for dealing with "zombie" enterprises, a large number of "scattered pollution" enterprises have been cleared, and the utilization rate of industrial capacity has steadily increased. It can be said that the supply side structural reform has grasped the key to economic transformation and found the fulcrum to promote high-quality development. By solving structural contradictions, we can better deal with cyclical problems; By grasping the long-term trend, we can better understand the current situation.

Of course, to promote reform now, we should not only focus on top-level design, but also on establishing a transmission mechanism for reform implementation, so that the system dividend and policy dividend released at the macro level can be transformed into a sense of gain for the micro market players. The forum for private enterprises held at the end of last year aims to create a more equitable development environment for private enterprises, dismantle various "rolling shutter doors", "glass doors" and "revolving doors", and provide practical policy support for the development of private enterprises. From solving the problem of difficult and expensive financing to unprecedented tax cuts, the fiscal, tax and financial sectors have launched the largest policy package in history. As long as these measures can be implemented without discount, the innovative vitality and creative potential of economic development will be further unleashed.

A few days ago, the Ministry of Industry and Information Technology said that the 5G commercial terminal is expected to be launched in the middle of this year. This also makes people sigh: from 2G, 3G to 4G, 5G, we have gone from following to running at the same time and even leading, just like the epitome of China's economic transformation, upgrading and spiral rise today. If 5G is a new type of infrastructure to promote high-quality economic development, reform will, as always, become the cornerstone of China's continuous progress. By deepening the reform and constantly releasing the institutional dividend, China's economy will surely usher in a brighter development prospect.

People's Daily (February 21, 2019, Version 08)

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