Politburo: Stabilize and improve macroeconomic policies and strengthen coordination of policies in seven major areas

According to Xinhua News Agency, the Political Bureau of the CPC Central Committee held a meeting on February 21 to discuss the “Government Work Report” that the State Council plans to submit to the fifth session of the 12th National People’s Congress for review. Drafts and other matters.

The meeting pointed out that in 2016, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at the core, people of all ethnic groups across the country faced difficulties and forged ahead, completing the main goals and tasks of economic and social development throughout the year, and the economy Operations are slowing and stabilizing, and improving while maintaining stability. Employment growth has exceeded expectations. Reform and opening up have been deepened. Economic structure has been adjusted at an accelerated pace. New driving forces for development have continued to increase. Infrastructure support capabilities have continued to improve. People’s lives have continued to improve. We have realized the “Thirteenth Five-Year Plan” A good start, and new important progress has been made in building a moderately prosperous society in all respects. In the face of severe challenges at home and abroad, it is not easy to achieve such results.

It is particularly noteworthy that the meeting pointed out that to achieve this year’s economic and social development goals and tasks, we must stabilize and improve macroeconomic policies, continue to implement proactive fiscal policies and prudent monetary policies, and strengthen industrial, regional, and Coordinate and coordinate investment, consumption, price, land, environmental protection and other policies.

The coordination and cooperation of the above seven major aspects of policies and macro policies are of great significance to promoting the healthy development of the entire Chinese economy.

For example, in terms of investment, central fiscal funds can be ensured in place, but if local policies such as land supply, industrial support, and environmental protection do not keep up, investment will not be implemented quickly. If relevant policies can be effectively coordinated, overall investment, especially private investment and infrastructure investment, may be accelerated.

For example, in terms of real estate, the 2017 Central Economic Work Conference proposed to promote the stable and healthy development of the real estate market. We must adhere to the positioning of “houses are for living in, not for speculation.” This requires policy coordination from multiple aspects.

In addition, Liu Huiyong, vice president of the China Investment Association, pointed out that the No. 1 Central Document proposed the integration of the three rural industries and the development of tourism and leisure industries and processing industries. “But this requires collective land supply, accelerated investment in infrastructure, and effective cooperation with industrial policies.”

In addition, the meeting of the Political Bureau of the Central Committee also pointed out that it is necessary to deepen reforms in important areas and key links to ensure Innovation leads the upgrading of the real economy in terms of quality and efficiency, releases the potential of domestic demand, enhances endogenous development momentum, and further promotes “three depletions, one reduction and one supplement” to strive for greater results. It is necessary to promote the structural reform of the agricultural supply side to promote the stable development of agriculture and the sustained increase in farmers’ income. We must proactively expand opening up to the outside world and create new advantages in international cooperation and competition. It is necessary to strengthen ecological environment protection and promote green development to achieve new breakthroughs. It is necessary to protect and improve people’s livelihood and strengthen social construction. It is necessary to comprehensively strengthen the government’s own construction and better serve the people.

Tang Jianwei, a senior analyst at the Bank of Communications Financial Research Center, pointed out that the meeting of the Political Bureau of the Central Committee proposed to deepen reforms in important areas and key links, which is helpful for the implementation of the market-oriented reforms proposed by the Third Plenary Session of the 18th CPC Central Committee.

“In the past, the policies of various departments were not necessarily coordinated. Sometimes the policies of different departments may have mutual constraints, which made it difficult to advance many market-oriented reforms. In the next step, various departments must coordinate well and Solving the problem of random behavior by some departments will allow the market to play a decisive role in resource allocation and speed up the implementation of reform policies,” he said.

In addition, the meeting of the Political Bureau of the Central Committee emphasized that the 19th National Congress of the Communist Party of China will be held this year, which is a year of great significance in the development of the cause of the party and the country. Party committees and governments at all levels must, under the leadership of the Party Central Committee with Comrade Xi Jinping as the core, fully implement the spirit of the 18th National Congress of the Communist Party of China and the Third, Fourth, Fifth and Sixth Plenary Sessions of the 18th Central Committee, based on Deng Xiaoping Theory and the “Three Guided by the important thought of “Representative” and the Scientific Outlook on Development, we will thoroughly implement the spirit of General Secretary Xi Jinping’s series of important speeches and new concepts, new ideas and new strategies in state governance, coordinate the advancement of the “Five-in-One” overall layout and coordinate the advancement of the “Four Comprehensives” strategic layout , adhere to the general tone of the work of seeking progress while maintaining stability, firmly establish and implement new development concepts, adapt to and lead the new normal of economic development, insist on improving the quality and efficiency of development as the center, insist on stable macro policies, accurate industrial policies, and micro policies We must adhere to the policy thinking of promoting the supply-side structural reform as the main line, strengthening the guidance of expectations, deepening the innovation drive, and comprehensively doing a good job in stabilizing growth, promoting reform, and Adjust the structure, benefit people’s livelihood, and prevent risks, maintain stable and healthy economic development and social harmony and stability, and welcome the successful convening of the 19th National Congress of the Communist Party of China with outstanding results.