China Two Sessions

2023

Keywords of the two sessions

Faith

When deploying this year's economic work, the report first proposed that "focus on expanding domestic demand" and emphasize that "placing restoration and expansion of consumption priority".To this end, the official will increase the income of urban and rural residents in multi -channel, stabilize the consumption of community, and promote the recovery of consumption of living services.

Special

"Looking forward to the whole year, consumption can become the main driving force for economic growth, and better play the basic role of economic growth."

Li Chun, deputy director of the National Development and Reform Commission of China, answered questions in Lianhe Zaobao at the press conference at a press conference on Monday (March 6), emphasizing the significance of consumption to the recovery of China's economic recovery, and also highlights the environment where the weak external demand is.Againing domestic demand will become the top priority of economic work this year.

Although many major economic indicators in China have rebounded sharply in the first two months of this year, the official economic growth target announced by last Sunday (March 5) is only about 5 %, which is lower than many market participants' predictions, reflecting the official pair of official pairs, which reflects the official pair of official pairs.The overall situation this year is not optimistic.

China Two Sessions (National People's Congress and the CPPCC Annual Meeting) bluntly stated that China's current development is facing the current development of China's current development facing the current development facing the development of China's current development.Many difficult challenges, including increasing uncertainty of external environment, global inflation is still at high levels, weakened kinetic energy of world economic and trade growth, and external demand for curbing, insufficient domestic demand, and unstable public investment and private enterprises.

When deploying economic work this year, the report first proposed that "focus on expanding domestic demand" and emphasize that "putting restoration and expanding consumption in priority."To this end, the official will increase the income of urban and rural residents in multi -channel, stabilize the consumption of community, and promote the recovery of consumption of living services.

According to the data released by the China Customs General Administration on Tuesday (March 7), China's import and export data have been negatively increased for four consecutive months.Xie Dongming, director of the Greater China Research Director of the Overseas Chinese Bank of Singapore, judged in an interview that as the global economic growth momentum slowed down, the export of China's economy last year would likely become a drag on economic growth this year."Therefore, the core focus of this year's economic work is how to effectively expand domestic demand."

Xie Dongming said that the first step of expanding domestic demand is to improve employment, thereby enhancing residents' income and boosting consumer confidence.This year, the number of colleges and universities has reached a new high. How to ensure enough employment space through policy is the main challenge faced by policy makers.

This year's Chinese college graduates are expected to reach 11.58 million, an increase of 820,000 over last year.The Chinese government plans to increase the number of new urban employment by 1 million to 12 million compared with last year, while maintaining the unemployment rate of urban investigation at about 5.5 %.

The official also increased the fiscal budget deficit rate from 2.8 % last year to 3 %, and increased the local debt quota from 3.65 trillion yuan (RMB, the same below, S $ 71.8 billion) to 38 trillion yuanEssenceThe government work report proposes that it is necessary to effectively promote investment in the whole society through government investment and policy incentives, and encourage and attract more civil capital to participate in projects and project construction, and stimulate private investment vitality.

Chen Bo, dean of Wuhan Optics Valley Free Trade Research Institute, suggested in an interview that in addition to driving domestic demand through infrastructure investment, the decision -making layer should also increase the tax reduction and fee reduction of the service industry, and give relevant enterprise subsidies and preferential loans., And issue consumer coupons in cities with conditions, while promoting the recovery of both ends of the supply and demand of the service industry."Only when the support policy is implemented can we reshape the confidence of enterprises and consumers."

From stable employment to promoting consumption, the existence of the private economy is indispensable in the various measures to expand domestic demand.According to statistics, more than half of China's taxes, more than 60%of domestic GDP (GDP), and more than 80%of urban labor employment are contributed by private enterprises.

However, the prevention and control of epidemic prevention in the past three years have seriously disrupted the production order of private enterprises and the industry rectification of the industry that "prevent capital disorderly expansion" has also caused the Internet and education and training industries to flourish, causing a serious foundation for the private economic confidence.The Financial Times reported that as many as 500 Chinese companies moved their headquarters to Singapore or registered in Singapore last year, the number was much higher than previous years.

With the increase in China's economic pressure, the CPC Central Committee's Economic Work Conference at the end of last year no longer requires "preventing the disorderly expansion of capital", but emphasized that "encouraging the development and growth of private economy and private enterprises in terms of policies and public opinion."Chinese officials once again supported private enterprises during the two sessions, saying that private enterprises and private entrepreneurs were "themselves", so that they would eliminate concerns and bold development.

Scholars: To stimulate the market vitality government must give private enterprises more autonomy

Bai Shizhen, the former dean of the Singapore Financial Administration College and a visiting professor at the National University of Singapore, pointed out that the statement of the government work report shows that the official clearly realizes the problem, and then it depends on whether the policies that can benefit the private economy can be implemented.

Bai Shizhen's analysis, with the power of economic growth from external demand to domestic demand, the government must give private enterprises more autonomy and stimulate market vitality."The central government proposes to simplify administration and decentralization, and the combination of management and management is right. However, to what extent will the central government decentralize in the increasingly complex and severe external situation? Can the implementation of the local implementation be kept up? If the policy is not implemented in placeIn the end, just talk about soldiers on paper. "

At the two sessions of this time, Li Qiang, member of the Standing Committee of the Political Bureau of the Communist Party of China, predicted to take over as the Prime Minister and take over the overall economic situation in China.Li Qiang has long worked in Jiangsu, Zhejiang and Shanghai, where the private economy has developed, and Bai Shizhen hoped that the new economy at the new economy who was evaluated by entrepreneurs as "ground -to -law" and further promoted reform.He said: "On the one hand, Li Qiang knows the problems faced by the company on the one hand, and on the other hand, it is more trusted by Xi. I hope he can further loosen the company and promote domestic demand recovery."