(Davos News) China Vice Premier Liu He pointed out that China must adhere to the direction of the socialist market economy reform, and it is absolutely impossible for a planned economy.It is necessary to unwaverly support the development of the private economy, promote fair competition, oppose monopolies, and promote the spirit of entrepreneurs.

According to the actual record of Caixin.com, Liu He first pointed out that in the Davos World Economic Forum on Tuesday (January 17), first pointed out that China's GDP in 2022 (GDP) increased by only 3%, real estateFactors such as weak markets, strict financial supervision, and financial risks caused by blind expansion of operating entities have jointly caused weak economic growth.

Liu He said that in order to promote economic growth, adherence to development is the first priority and centered on economic construction.To do this, China must adhere to the direction of the socialist market economy reform, give full play to the decisive role of the market in resource allocation, and better play the role of the government."Some people say that China wants to engage in a planned economy, which is absolutely impossible."

He also said that because of the downside of macroeconomic economic supervision, strict financial supervision, blind expansion of operating entities, and inside control, it has caused some financial risks in China in the past five years.The Chinese government has decisively disposed of a group of high -risk large -scale enterprise groups to dispose of high -risk small and medium -sized financial institutions, dispose of non -performing assets, reduce the size of shadow banks, respond to abnormal fluctuations in the capital market, and keep the bottom line without systemic risks.The Chinese government is formulating the financial stability law to provide legal guarantee for the next step to resolve financial risks and maintain financial stability.

He said that China is accelerating the construction of a new development pattern of mutual promotion of domestic large cycles and mutual promotion of domestic and international dual cycles.The focus of domestic circulation is to expand domestic demand, improve the industrial system, and form a growth model mainly based on consumer pulling, thereby promoting the reconstruction of economic realization."This logic is also the consensus of the international community after the international financial crisis in 2008. Regardless of the United States and China, they need to realize domestic re -balance."

Emphasize the opportunity equality rather than the average result

Liu He also mentioned that China has fully established a well -off society in an all -round way, and proposed to realize a historic task of achieving common prosperity is long -term stability, and it is necessary to gradually realize it.

He emphasized that the so -called common prosperity is to avoid polarization, and it is by no means averageism and welfare."We emphasize the equality of opportunities, not the average result." In the historical process of promoting common prosperity, entrepreneurs, including foreign businessmen, will play an important role in engines because they are the key elements of social wealth creation.