See how Liu he analyzes the current economic and financial situation in China from the four key words
in view of the current hot economic and financial issues, on October 19, Liu He, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, received a joint interview with the people, Xinhua news agency and CCTV
in response to questions about how to view the current economic and financial situation and changes in the industrial structure, Liu He first set the tone for the overall economic situation - "China's economy as a whole has maintained a basic trend of stability and improvement"; In view of the marginal changes in economic operation, Liu he proposed to implement the requirements of the "six stabilities" of the CPC Central Committee and the State Council, namely, stabilizing employment, finance, foreign trade, foreign investment, investment and expectations
Liu he pointed out that the focus of the next reform should be to enhance the vitality, toughness and innovation of micro entities, so as to promote economic transformation and upgrading and promote a virtuous cycle of the national economy. Therefore, he proposed three things that should be done well: supporting the development of private enterprises, deepening the reform of state-owned enterprises, and enhancing the ability of the financial system to serve the real economy
from the questions answered by Liu He, the analysis of China's economic and financial situation, "daily economy" combed out four key words, trying to explore how high-level officials "feel the pulse" of China's economy
keyword 1: the impulse of blind expansion of risk institutions has obviously converged
for the current economic situation in China, Liu he said: "I believe that China's economy has generally maintained a basic trend of stability and improvement. From the perspective of economic growth, employment, prices, balance of payments, enterprise profits, fiscal revenue, labor productivity and other major indicators, China's economic operation is in a reasonable range."
on the day Liu he was interviewed by the media, the National Bureau of statistics also announced the economic operation in the first three quarters of this year. Data show that the gross domestic product (GDP) increased by 6.7% year-on-year in the first three quarters. In terms of employment, the national urban survey unemployment rate in September was 4.9%, down 0.1 percentage points from last month and the same period last year. In the first three quarters, more than 11million new jobs were created in cities and towns, and the annual target task was completed one quarter ahead of schedule
Liu he believes that compared with major economies in the world, China's economic performance is relatively excellent, and the International Monetary Fund and the world bank have highly praised the sustainable development of China's economy
Liu he pointed out that from the perspective of the financial sector, monetary policy was operated steadily, financial structural deleveraging was advancing steadily, the impulse of all kinds of institutions to expand blindly regardless of risks was obviously convergent, and investment behavior tended to be rational. At the same time, all kinds of wind accumulated in history can conclude that the deformation risk and problems of the sample are inevitably coming to the bottom. This is an inevitable process, which should be treated rationally
keyword 2: balance the price of some surplus areas, return to equilibrium
since this year, there have been some marginal changes in economic development that may lead to economic downturn and increased risk, which has also become the focus of social discussion
in this regard, Liu He put forward the requirement of firmly implementing the "six stabilities". He stressed that in view of the marginal changes in economic operation, the CPC Central Committee and the State Council proposed to strive to achieve the requirements of stabilizing employment, finance, foreign trade, foreign investment, investment and expectations, and we should resolutely implement them
of course, in particular, we should deal with the relationship between stable growth, structural adjustment and risk prevention. On the one hand, we should maintain the stability of economic growth, on the other hand, we should prevent and control financial risks and maintain the relative stability of macro leverage. The key to balancing the two is to implement the policy system with the supply side structural reform as the core
Liu he said, "in the past three years, we have made phased achievements in judging the quality of materials by 'three removing, one reducing and one compensating'. The international community generally believes that through 'destructive innovation', the price level in some surplus areas of China's economy has returned to equilibrium, and the relationship between supply and demand has been significantly improved, thus stimulating economic growth and promoting global economic recovery."
keyword 3: the vitality, toughness and innovation of the micro main body of structural adjustment
economic structural problems are the most talked about topics by Liu he publicly. From the public writings or speeches in recent years, adjusting the structure has become a common abnormality in the operation of spring torsion testing machine. What are the abnormalities? One of the most frequent words
in January this year, at the Davos Forum in Switzerland, Liu He delivered a special speech, saying that the key to the top-level design of China's economic policy in the next few years is to implement "one general requirement", "one main line" and "three tough battles"
among them, "one general requirement" is that China's economy has shifted from the stage of high-speed growth to the stage of high-quality development; "One main line" is to promote the supply side structural reform as the main line; The "three major battles" are China's decision to fight three major battles to prevent and resolve major risks, accurately eradicate poverty, and prevent and control pollution
Liu he pointed out that based on the reality of China, the main contradiction of economic development in 2017 is that the supply system is difficult to adapt to the changes in the demand system, and there is a structural deviation between supply and demand, which needs to be adjusted in time. Therefore, improving the quality of the supply system through reform is the basic path for us to achieve high-quality development
in this media interview, Liu he further emphasized promoting economic transformation and upgrading. He stressed that the task of China's economic restructuring has not been completed, and the supply side structural reform should be deepened. The next step should focus on enhancing the vitality, toughness and innovation of micro entities, so as to promote economic transformation and upgrading and promote a virtuous cycle of the national economy
keyword 4: at present, policies should pay close attention to three things.
in view of economic structural adjustment and supply side structural reform, Liu he proposed three things that "we should pay close attention to doing well" - supporting the development of private enterprises, improving financial accessibility, and reducing various burdens; We should deepen the reform of state-owned enterprises, especially the reform of mixed ownership, establish a more perfect corporate governance structure, strengthen the construction of internal incentive mechanism, and improve the core competitiveness; The financial system should improve its adaptability and enhance its ability to serve the real economy
Liu he stressed that under the current situation, it is particularly necessary to speed up the system construction and give full play to the key role of the capital market. Of course, doing these things well requires sound macro policies. We will continue to implement active fiscal policies, sound monetary policies, clear industrial investment policies, and more inclusive and sustainable social policies to further deepen the core policy of supply side structural reform. Analyzing and looking at the performance of China's economy, if you look at it from a moment, you may feel that there are some difficulties, but once you look forward to it as a historical process, the development prospect is very bright