Comments: After the Chinese epidemic, recovery should stimulate folk vitality

Source: Wang Bao

Wangbao Society Review

The Central Economic Work Conference of the Mainland Government has ended. In addition to setting up equality to treat private enterprises, encouraging the development of online platforms, and proposing to boost market confidence, restore and expand consumption, drive social investment, promote the healthy development of the real estate industry, start the traditional service industryDevelopment, accelerating the construction of the modern industrial system, attracting and taking advantage of the use of foreign investment, and preventing and resolving major risks, etc., the Chinese economy is expected to accelerate the revival after the epidemic.

Private enterprises support the economy

The mainland government sets up to treat private enterprises equally and restores the vitality of the network platform. Although it seems suddenly, it is not surprising.In November, the annual growth rate of China's industrial production fell to 2.2%, a new low of six months; the investment in fixed assets increased by 5.3%, writing the worst record this year; the retail sales significantly declined by 5.9%, far lower than market expectations;With the reduction of global demand by 8.7%, the largest decline in the epidemic is showing the dilemma of China's current economy.

Faced with the severe social situation, the fatigue of crown disease has been significantly reduced. Although Taiwan, South Korea, and Japan around China are high, the mortality rate is even lower than the flu.EssenceChina is indeed unexpectedly expected by the outside world to largely loosen the control measures. With the unseaper of the Chinese epidemic, foreign institutions such as Nomura, Damo and Goldman Sachs have raised China's economic growth rate next year to nearly 5%or even more than 5%.Extracting the bonus of people flow and economic activities.

Especially Damo, it directly shows that the Chinese economy will appear in the Chinese economy next year, and the time point may be two months earlier than the original expected.Of course, a large number of infections and deaths in the early stages of loosening will suppress consumption and investment needs.But according to the experience of opening up in various countries, it may not be too long during this period.After the pain period, it is expected to usher in a wave of domestic demand explosions, driving China's economic recovery and growth.

Nevertheless, for Chinese officials, the policy should not be too passive.To speed up the economic recovery, beef needs to be brought out, and the direction of the direction is ignited.This is the Central Economic Work Conference this year. Xi Jinping emphasized that he insisted on "two unshakables", supported the development and growth of the private economy and private enterprises, and showed the reason for supporting the economic development of the platform.How to stimulate folk vitality and drive market forces is the key to success.

State -owned undertakings are an unshakable existence in China and the official key support target, but private enterprises are the real heroes that support the Chinese economy.According to the statistics of the National Bureau of Statistics of China, in 2021, private enterprises accounted for 98.2%of the number of entrepreneurs, accounting for 87.4%of the urban labor population ratio, and the proportion of the economic proportion of more than 60%. From this data, it can be seen that the importance of private enterprises is irreplaceable.Essence

Relax of digital economic supervision

It is worth noting that private enterprises have an inseparable relationship with the digital platform economy that has been highly regulated after the rapid rise in recent years.Internet giants, such as Tencent, Alibaba, and JD, are private enterprises, combined with the new economic models of digital, network, and platforms, not only promote the upgrading and investment growth of domestic demand consumption in mainland China, but also allowed the mainland to lead the global digital economy development.

The State Council of the Mainland joined hands with the Bai Paper of the Community of Destiny of the Internet Space, pointed out that as of 2021, the digital economy of the mainland was 45.5 trillion yuan, accounting for 39.8%of the GDP ratio, and ranked second in the world for many years.The digital economy has become an important engine to promote the economic growth of the mainland. The key to the success is that the government let go, allowing the market to develop freely, and stimulating the innovative vitality of private enterprises.

Based on this, to accelerate the recovery of economic recovery after the epidemic, the digital platform economy led by private enterprises is indispensable.This also means that Xi Jinping's announcement of the private economy, expanding private enterprises, and supporting the economic development of the platform must not be just slogans and mouthfuls.Thoroughly implementing the "two unshakables", allowing private enterprises and state -owned enterprises to compete fairly under the open and transparent rule of law, in order to give full play to the competitiveness and efficiency of private enterprises, and then drive the economic growth of the mainland.

From the perspective of the economic reform and development of the mainland for more than 40 years, private enterprises are not afraid of market competition, and they are afraid of the constraints behind the state forces and unfair allocation of policy resources.In addition to setting up the support of private enterprises, the Central Economic Work Conference of the Mainland Government has decided to actively join high standards such as CPTPP and digital economic partnerships to attract more foreign investment. It will expand market access and increase the field of modern service industriesUnder these policy guidelines, I believe that China does not need pessimism next year.