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The meeting held that this year, under the complicated domestic and international situation, all localities and departments in accordance with the decision-making and deployment of the Party Central Committee, actively adapt to the new normal of economic development, adhere to the new development concept, adhere to the promotion of supply-side structural reform as the main line, and actively promote the structure. Adjustments, conversion of old and new kinetic energy, effective prevention and control of risks, and promotion of economic and social development have achieved hard-won results.
The presentation of the current economic situation and economic work released six important signals.
Signal 1: The economy achieved a good start in the first quarter
The meeting pointed out that the economic operation in the first quarter was stable and good, and a good start was achieved. The understanding of new development concepts and supply-side structural reforms has gradually deepened and actions have become more conscious, which is of great significance for transforming the economic development mode and maintaining stable and healthy economic development.
[Background] China's economy grew by 6.9% in the first quarter, achieving the highest quarterly growth rate since the fourth quarter of 2015. The market is expected to improve, the industrial support has improved; the basic role of consumption has been further consolidated, and the contribution to economic growth in the first quarter has reached 77.2%; the optimization and upgrading of the industry has continued to advance; in the first quarter, the number of new jobs in urban areas has reached 3.34 million; "GDP growth rate.
[Comment] "The economic development is stable and the trend is strengthening, and the recovery is certain to be sustainable." Ning Jizhen, deputy director of the National Development and Reform Commission and director of the National Bureau of Statistics, said that since the beginning of this year, structural reforms on the supply side have continued to deepen. Advance, positive effects are continuously released. The market continued its recovery momentum since the third quarter of last year, and the company keenly seized market changes and further released its vitality. Under the guidance of the new development concept and the supply-side structural reform, the whole country has worked hard, worked hard, and raised its sleeves to lay the foundation for the first quarter of the economic good start.
Signal 2: Unswervingly promote the strategic adjustment of the economic structure
The meeting pointed out that while fully affirming the achievements, we must also see that the current economic trend is positive and cyclical. The economic restructuring has a long way to go and faces many challenges. We must persist in judging the economic situation with the new normal logic and unswervingly push forward. Strategic adjustment of the economic structure.
[Background] The current regional and industry trends still exist. The industrial structure in some regions is relatively simple, the market economy is still not fully developed, and there is great pressure. The contradiction of oversupply in some industries with overcapacity has not been fundamentally resolved; the growth rate of industrial investment is still Below the national average growth rate of investment; financial risks cannot be ignored.
[Comment] Wang Jun, director of the Information Department of China International Economic Exchange Center, said that the current structural contradictions accumulated in China's long-term economic development still exist, and it is still prominent in some areas and parts of the field. There is no shortage of “wearing old shoes and walking the old road†and relying on investment. Rather than innovation driving the phenomenon of development. To promote the strategic adjustment of the economic structure, we must pay more attention to the profound meaning of the word "strategic". Under the new normal of economic development, we will focus more on the medium and long-term, from the supply side, and unswervingly promote structural adjustment, and constantly resolve conflicts. And transform and upgrade in risk.
Signal 3: Ensure that no systematic financial risks occur
The meeting pointed out that it is necessary to attach great importance to the prevention and control of financial risks, strengthen supervision and coordination, strengthen the financial services of the real economy, and increase efforts to punish violations of laws and regulations.
[Background] The current financial risks are generally controllable, but there are cumulative risks in the financial sector such as non-performing assets, bond defaults, shadow banking, and internet finance. Financial violations and corruption have occurred from time to time.
[Comment] Wen Bin, chief researcher of Minsheng Bank, said that financial innovation has accelerated in recent years, but the excessive profit-seeking behavior of individual financial institutions has led to cross-infection of risks across markets and across sectors. Under the existing regulatory framework, we must play the role of the inter-ministerial joint meeting system of financial supervision and coordination, form a joint force of supervision, find out the risk base, eliminate the high-risk financial business of “de-realizationâ€, and make more financial business entities. Economic services, strictly adhere to the bottom line of systemic financial risks.
Signal 4: Ensure that supply-side structural reforms are deepened
The meeting pointed out that deepening the structural reform of the supply side, unswervingly promoting "three to one, one reduction and one supplement", transforming and upgrading traditional kinetic energy, vigorously cultivating new development momentum, revitalizing the real economy, and achieving transformation and upgrading.
[Background] Since the beginning of this year, the supply-side structural reform has been further advanced on the basis of last year, and the economy has continued to develop steadily and positively, and positive changes have continued to increase. 2017 is the year of deepening the structural reform of the supply side. The five tasks of “three to one, one reduction and one supplement†will make substantial progress.
[Comment] "The economic operation in the first quarter started well, which is not only the effectiveness of the supply-side structural reform, but also laid the foundation for further deepening of the reform." Zhang Liqun, a researcher at the Development Research Center of the State Council, said that the next step is to handle the government and the market. The relationship, efforts to achieve the transformation of old and new kinetic energy and other aspects, and the use of reforms to further promote the "three to one and one to make up", to create a fair and good market environment for economic development.
Signal 5: Accelerate the formation of a long-term mechanism to promote the stable development of the real estate market
The meeting pointed out that it is necessary to speed up the formation of a long-term mechanism to promote the stable development of the real estate market.
[Background] At the end of September last year, many cities including first-tier cities and hot-spot second-tier cities opened the prelude to real estate regulation. Since March this year, hot-spot cities have restricted their loans and purchases, and achieved initial results. However, the deep-seated contradictions in the real estate market have not been effectively resolved. The pressure of rising housing prices in first- and second-tier cities still exists, and the destocking pressure in third- and fourth-tier cities is still relatively large.
[Comment] Zhao Xiuchi, director of the Department of Land Resources and Real Estate Management at the Capital University of Economics and Business, said that the establishment of a long-term mechanism is crucial for stabilizing the real estate market and realizing the positioning of “the house is used for living, not for speculationâ€. The long-term mechanism should not only conform to the national conditions, but also adapt to the market rules. Its contents should include: two-way adjustment of supply and demand, achieving balance between supply and demand; adopting different policies according to different housing needs, maintaining pressure, and curbing speculative investment while meeting basic housing needs. Sexual demand; vigorously develop the leasing market, establish a housing system with both rent and rent; provide diversified land and real estate that meets the needs and marketability for urbanization; implement local government responsibilities, and formulate real estate control policies due to urban policies.
Signal 6: Expanding the benefits of reform
The meeting pointed out that it is necessary to carry out creative work, strengthen investigation and research, give full play to and mobilize the enthusiasm, initiative and creativity of grassroots cadres and masses, expand the benefits of reform, and do a good job in key people's livelihood, so that the people have more sense of gain.
[Background] In order to achieve the goal of building a well-off society in an all-round way, it is necessary to overcome difficulties. The reform of the current four-leaf and eight-pillars in the main areas has basically been introduced, and reform implementation is of paramount importance.
[Comment] Wang Jun said that to expand the benefits of reform, we must focus on solving the outstanding problems that the people are generally concerned about, unswervingly promote economic transformation, and enhance the satisfaction and gain of the people in development. From solving the concerns of the people to seek development and promote reform, there will be a broader vision and a more systematic and comprehensive development thinking, and the space for its release will be enormous. (Reporter An Zhen, Lin Hui, Tan Xiaoxiao, Yu Jiaxin, Kong Xiangxin, Yu Qiongyuan, Liu Hongxia)
The Central Political Bureau meeting passed the six major signals of current economic work
Abstract The Political Bureau of the CPC Central Committee held a meeting on the 25th to analyze and study the current economic situation and economic work. The meeting held that this year, under the complicated domestic and international situation, all localities and departments in accordance with the decision-making and deployment of the Party Central Committee, actively adapt to the new normal of economic development, and insist on new developments...
The Political Bureau of the CPC Central Committee held a meeting on the 25th to analyze and study the current economic situation and economic work.