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Experts interpret China's macroeconomic situation: recovery is a trend

The Political Bureau of the CPC Central Committee held a meeting yesterday (April 30) to analyze and study the current economic situation and economic work. How to deeply understand and grasp China's macroeconomic situation? Relevant experts from the National Development and Reform Commission will interpret for you at the first time ↓

The meeting of the Political Bureau of the Central Committee of the Communist Party of China held that since this year, all regions and departments have worked hard to seize the economy, consolidate and enhance the momentum of economic recovery, increase positive factors in economic operation, continue to increase momentum, improve social expectations, and solidly advance high-quality development, showing the characteristics of rapid growth, optimized structure, and good quality and efficiency, and the economy has made a good start.

Guo Liyan, Deputy Director of the Economic Research Institute of the National Development and Reform Commission: The good start of this year's economy has strengthened our confidence and confidence in achieving the year's development goals. A series of measures such as large-scale equipment renewal and consumer goods trade in are taking effect. Judging from the newly released PMI (Purchasing Manager Index) and other indicators in April, it is a trend characteristic to maintain the expansion trend and the current economic recovery.

In terms of macro economy, the growth of major indicators accelerated. The GDP in the first quarter increased by 5.3% year on year, 0.1 percentage points higher than that in the previous quarter and 0.8 percentage points higher than that in the same period last year. From the perspective of residents' lives, employment income continued to improve. In the first quarter, 3.03 million new urban jobs were created, an increase of 60000 over the same period last year. Against the background of a good start to the economy in the first quarter, many international institutions raised their expectations for China's annual economic growth.

Wei Qijia, Director of the Industrial Economy Research Office of the Economic Forecast Department of the National Information Center: Our positive start to the first quarter also showed the world the potential of China's economic development and the resilience of China's economic development.

Make efforts to effectively implement the macro policies that have been determined

The meeting of the Political Bureau of the Central Committee of the Communist Party of China (CPC) stressed that we should rely on forward efforts to effectively implement the macro policies that have been determined. In this regard, experts said that accelerating the implementation of various policies and seeing actual results is conducive to effectively consolidating and enhancing the economic recovery trend.

The meeting of the Political Bureau of the Central Committee of the Communist Party of China proposed that we should implement a positive fiscal policy and a prudent monetary policy. We should issue and make good use of super long term special treasury bonds as soon as possible.

Guo Liyan, Deputy Director of the Economic Research Institute of the National Development and Reform Commission: Making good use of super long term special national debt and forming an efficient combination with major reforms are conducive to accelerating the national economic cycle from both sides of supply and demand, especially unblocking the virtuous cycle mechanism between potential consumption and effective investment, so as to continuously consolidate the initiative to enhance domestic demand.

The meeting pointed out that there are still many challenges for the sustained recovery of the economy. At the same time, it must be noted that China's economy has a stable foundation, many advantages, strong resilience, great potential, a good start and a good recovery are the basic characteristics and trends of the current economic operation.

Develop new quality productivity and accelerate the construction of a unified national market

The meeting of the Political Bureau of the CPC Central Committee stressed that we should develop new quality productive forces in line with local conditions and build a unified national market. Experts said that all regions should speed up the cultivation of new driving forces, unswervingly deepen reform and expand opening up, and promote high-quality economic development.

The meeting of the Political Bureau of the Central Committee pointed out that it is necessary to strengthen the distribution of national strategic scientific and technological forces, cultivate and strengthen emerging industries, advance the layout and construction of future industries, and use advanced technology to enable the transformation and upgrading of traditional industries. We should actively develop venture capital and expand patient capital.

Guo Liyan, Deputy Director of the Economic Research Institute of the National Development and Reform Commission: Innovative allocation of talents, capital and other production factors is conducive to accelerating the birth of new quality productivity. No matter the revolutionary breakthrough in technology or the breakthrough in key core technologies, there is no lack of long-term company and care of patient capital with strategic vision.

Wei Qijia, Director of the Industrial Economy Research Office of the Economic Forecast Department of the National Information Center: As we accelerate the development of new quality productive forces, local governments are adjusting measures to local conditions and combining their own comparative advantages, new driving forces are also accelerating to form to promote high-quality economic development.

At the meeting of the Political Bureau of the Central Committee, it was stressed that we should unswervingly deepen reform and expand opening up, build a unified national market, and improve the basic system of the market economy. We should actively expand trade in intermediate goods, services, digital trade, and cross-border e-commerce exports, support private enterprises to expand overseas markets, and increase efforts to attract and utilize foreign capital.

Guo Liyan, Deputy Director of the Economic Research Institute of the National Development and Reform Commission: Accelerating the construction of a unified national market is conducive to breaking through the blockages and blockages that constrain the new quality productivity. Therefore, we should continue to break local protection and market segmentation, accelerate the research and issuance of guidelines for the construction of a unified national market (standards), and creatively carry out a series of actions to build a unified national market and promote high-quality development.