China Two Sessions
2023
Zhao Chenxin, deputy director of the China Development and Reform Commission, at the press conference of China's high -quality development on Monday, evaluating the expected growth target of about 5 % of the expected growth target is in line with economic operation trends and the laws of economic development.
Wang Wei Wen Beijing report
Officials from the National Development and Reform Commission of China evaluated that nearly 90 % of the economic growth goals proposed by the provinces and cities are higher than the national, creating conditions and founding the foundation for the 5 % national economic growth goals set this year.They also pointed out that consumption can become the main driving force for growth this year, and obviously make confidence to the market.
At the opening meeting of the National People's Congress, Li Keqiang, who is about to step down on Sunday (March 5th), reads the last government work report during his office and will increase China in the first year of the GDP (GDP) in the first year after the outbreak of the crown disease.The target is set at about 5 %.This is not only lower than the growth goals of about 5.5 % last year. If the outbreak of epidemic is excluded and the target of not setting up growth is 2020, it is also the lowest goal since 1991.
Below the growth goal of most economists, implies that China may not consider stimulating the economy with currency or finances at present, exacerbating investors' concerns that China will be restrained in stimulating the economy this year.
Affected by the disadvantaged news, the Chinese stock market fell slightly (March 6) on Monday (March 6), and the Shanghai -Shenzhen 300 index of the morning market once fell 1 %; the domestic and foreign RMB against the US dollar also fell to 6.91 yuan (RMB, the same below, S $ 1.34)nearby.
Faithful development confidence and strength in various places
Zhao Chenxin, deputy director of the China Development and Reform Commission, at the press conference of China's high -quality development on Monday, evaluated the expected growth target of about 5 % of the economic operation trend and the laws of economic development.
He also pointed out that the development confidence and strength in all parts of China are sufficient. Among the 31 provinces, autonomous regions and cities in China this year, 27 provinces are expected to be higher than the country, of which 23 provinces are 5.5 % or more., Laid the foundation.
Regarding whether the current Chinese economy will continue to recover, Zhao Chenxin has judged that with the adjustment of epidemic prevention optimization and various policies, people flowing logistics has accelerated recovery, economic operations have steadily improved, China's economic toughness, sufficient potential, and good economic and healthy development have no good situation.Change, the economy has not changed for a long time.
He also revealed that Chinese officials will steadily dispose of risks in the fields of real estate, finance, and local government debt this year. They will further strengthen economic monitoring and early warning, continuously enrich the policy toolboxes, and prepare for the situation of complex difficulties.
When the global demand has slowed the impact of China's trade exports, economists generally believe that the rapid recovery of domestic demand consumption is essential for China's economic recovery this year.
Li Chunlin, deputy director of the China Development and Reform Commission, answered the Lianhe Morning Post to ask questions at the press conference that China ’s consumption recovery has been accelerated since the beginning of the year.
Li Chunlin pointed out that during the Spring Festival this year, domestic tourism in China increased by 375.8 billion yuan and 308 million, respectively, an increase of 30 % and 23.1 % year -on -year, and resumed 73 % and 89 % of the same period in the same period in 2019, respectively.The revenue of the national consumer -related industries increased by 12.2 %, and the online retail sales of physical commodities in the country increased by 14.5 %.
Li Chunlin pointed out that some uncertain factors restricting consumption release are gradually eliminated. With the rapid release of consumption potential, the growth rate of the main indicators in the consumption field in the first half of this year is expected to gradually rise.It made greater contributions to the growth rate of about 5 % of GDP throughout the year.
He said that China will promote the steady growth of consumption, enhance the consumption power of residents, improve the consumption environment, and cultivate new consumption growth points, and promote the continuous recovery and expansion of consumption through multiple measures this year. We have many policy tools to cope with the unfavorable factors of restricting consumption.
In response to the expansion of the gap between China and the United States last year, Zhao Chenxin analyzed that the high inflation in the United States has greatly increased the nominal GDP scale. At the same time, the increase in the US dollar interest rate has also caused the passive depreciation of other currencies against the US dollar. The RMB exchange rate is affected.The scale is reduced when the scale is converted.
