Xu Jin: Private symposium expounds the highest level of policies and policies from private status, current difficulties, and future policies.Only the trustworthy guarantee can avoid the predicament of the prisoner and the improvement of reform.
In the cold winter of capital, Chinese -private enterprises seem to see new hope.
In the trade war and the stock market, the high -rise has recently released the signal of stable private enterprise.Following the significance and stability of the private economy's contribution and stability to the entire economy, after the Vice Premier Liu He emphasizes that it is necessary to encourage, support, and guide the development of the non -public ownership economy without shaking, he will publish it at the private enterprise symposium on November 1st.Important speeches will cause heated discussions.What information did this speech revealed?
Basically, this speech responded to the collective anxiety of the people. From the aspects of private economic status, current difficulties, and future policies, the highest levels and policies were explained.
First of all, the speech is affirming the role of the private economy.Since the beginning of this year, the private economy has gone, and the people are worried about their emotions. The fear of a new round of public -private partnerships has also seen all social media.The speech stated that these claims were completely wrong and did not conform to the party's politics policy, and emphasized that the status and role of the non -public ownership economy in my country's economic and social development have not changed.
Private enterprises and entrepreneurs have always been the main source of the economy.The difficulty of private enterprises will eventually lead to worse economic consequences.Wang Yu, a researcher at the Central Bank Research Bureau, called on the development of the private economy in September to face challenges, and proposed three major challenges. One is the issue of market access and hidden barriers, the other is the issue of property rights protection and fair competition, and the third is the heavy tax burden and the heavy burden of taxes and feesIt is difficult to financing and expensive financing.She enumerated the research information of the National Federation of Industry and Commerce, saying that the increase in labor costs of Chinese private enterprises, heavy tax burden, difficulty in financing and financing are still the top three influencing factors to restrict the development of the private economy, accounting for 61.40%, 54.80%and 54.80%and respectively.50.80%.
Secondly, the speech discussed the problem of the private economy.If you only look at economic data dominated by large enterprises or state -owned enterprises, you cannot completely reflect the realistic feelings of private enterprises.The recent report of the World Bank has raised China's business environment from 78th to 46th, inspiring people's hearts, and cannot be said to be consistent with the people's feelings.
In the past two years, regarding the transformation and exploration of Chinese economy, especially private enterprises, FT Chinese Network has always organized various types of discussions to try to pass the perspective.For example, a recent article published an article about a private financial practitioner talked about life. The author Zhang Jianghong said with his own experience that private investment banks and private finance practitioners such as him have no system in the system.The most sensitive perception and the most direct attacker, the liquidity difficulties on the market have begun since 2016.The policy of supporting bigger and powerful state -owned enterprises has begun to show its effects in the market. Bank funds and fiscal funds have begun to gather to state -owned enterprises on a large scale. It is difficult for private enterprises to borrow money from banks.With the borrowing funds, the channels of these funds are closed with the new rules of shadow banking and various asset management regulations.
Yiyi Zhiqiu.In the past two years, the deleveraging of production capacity and the trade war, many private enterprises have suffered more than the pressure of similar state -owned enterprises.The difficulties of private enterprises are inseparable from the Chinese economy from steady to good to stability.
The positioning of the economic situation also shows that the highest level has begun to have a more accurate judgment on the situation.The leaders said that the current difficulties encountered by some private economies are reality, and even quite severe. It is pointed out that there are three reasons. The first is the result of changes in the international economic environment.It means the result of failure to implement the policy.
On this basis, there are six aspects of the countermeasures proposed to reduce corporate tax burden, solve the problem of expensive financing difficulties for private enterprises, create a fair competitive environment, improve the implementation of policy implementation, build a relative -based political and business relationship, protect entrepreneurs' personalities,And property security.
Compared to the official document that was often trapped in the past, this speech was clear and faced with problems. Stability of private enterprise confidence can be said to stabilize the current economy.After the speech was published, the market had reacted. The offshore exchange rate of the RMB fell from a high point of 6.98, and once touched 6.92, and the Chinese stock market in the US stock market also rose sharply.
This year marks the fifth anniversary of the Third Plenary Session. The announcement of the three Plenary Session and the rules of the Third Plenary Session of the Five years ago, the decision (decision) also gave many encouragement to all circles.At that time, I evaluated and decided to show considerable insight into China's reality. The solution proposed also reflects the ambition of the new leadership.Even if this reform plan only achieves half of them, it is enough to make people look forward to the beautiful future of the Chinese dream.
This time the speech almost reached the same height. Under the actual pattern, even critics with a liberal viewpoint, the core attention of private enterprises in this programmatic document is difficult to make too much higherRequire.
It is not the most difficult to release optimism signals, and even policy implementation is not the core. The biggest problem is whether the policy foothold is short -term or long -term?There is an old saying in China, listening to its words.Confidence can be rebuilt, and credit is also easy to destroy. Only in the repetitive game can only avoid the prisoners' dilemma, and can the reform improve along the progressive path.History always rhymes in an unexpected manner. Everyone eventually lives in the trial of history.This article only represents the author's own point of view. The author is also the founder of the Economy Reading Club. Recently, he has not lost his way. He is not in Tokyo.
