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Xi Jinping pointed out that at present and in the future, the factors that restrict China's economic development, both supply and demand, are on both sides, but the main aspects of contradiction are on the supply side. The supply-side reform should focus on resolving overcapacity and enhancing the momentum of sustained economic growth.
In addition, Xi Jinping put forward requirements for regional coordinated development and local government initiative to explore innovation, emphasizing the development concept of innovation, coordination, green, openness and sharing.
Experts interviewed believe that Chongqing has an important position in the political and economic maps, and it is of great significance for the national leaders to choose Chongqing as the first stop for the New Year.
Corporate profitability needs special attention
Supply-side reform has become the hottest vocabulary in the current political and economic context of China. The "supply side + structural + reform" formula proposed by the People's Daily in the recent issue has become the main direction of China's recent development.
Despite the rich connotation of the supply-side reform, Xi Jinping further emphasized the need to increase supply-side structural reforms, focusing on promoting effective overcapacity, promoting industrial optimization and restructuring, reducing corporate costs, and developing strategic emerging industries and modern service industries. To increase the supply of public goods and services, focus on improving the quality and efficiency of the supply system, better meet the needs of the people, promote the overall level of social productivity in China, and enhance the momentum of sustained economic growth.
Economist Liu Shijin believes that in the supply-side structural reform, corporate profitability is a core indicator that requires special attention. "China's economic growth rate is higher and lower is not the biggest problem. The key is to keep the company's profit growth." He believes that corporate profits are now negative growth. In the future, after the company's profits, employment will increase and fiscal revenue will increase. Corporate risk is under control.
"At this stage, the policy focus should be on increasing supply side adjustment, guiding excess capacity supply side reduction and structural adjustment, reaching a new level that is compatible with the demand side, price stabilization, corporate profitability recovery, and then transformation. Rebalance," said Liu Shijin.
Guan Qingyou, executive director of the Minsheng Securities Research Institute, said that de-capacity is the main focus of supply-side reform. The elimination of zombie enterprises is a specific form, and mergers and acquisitions are the main means. The "People's Daily" article on the 4th twice raised the example of the 1990s to withstand the pressure on the textile industry to limit the production of ingots to capacity, indicating that it has prepared for the unbreakable pains of laid-off and unemployment and financial risk release. The article also pointed out that it is very difficult to smoothly implement the adjustment of the economic structure without the courage of the year. This fully demonstrates the determination of the central government not to break. "In 2016, under this firm determination to reform, enterprises will accelerate bankruptcy and mergers and acquisitions, rigid payment will be broken, and the gradual release of financial risks will become possible." Guan Qingyou said.
Guan Qingyou also said that the market is concerned about whether this "not breaking or not standing" can be implemented. The "People's Daily" article undoubtedly gave the market a clear answer. This round of supply-side structural reform implementation will be relatively quick, and criticism in the past few years. The lazy politics may have improved.
The executive meeting of the State Council held on the 6th also demonstrated the determination of the central government. The meeting decided to improve the incentive and accountability mechanism according to the supervision situation, and promoted diligence and diligence by rewards and punishments, providing a larger stage for the officers and officers who are willing to serve. Forming the momentum and momentum of competing efforts and taking the initiative to break through.
Emphasizing the balanced development of urban and rural areas
As an important station for the development of the western region, Chongqing is also the nearest one to the eastern regions of the western provinces and cities. In recent years, the bright economic growth and industrial restructuring have created many experiences worth learning. After the first Central City Work Conference, how to promote China's urbanization and urbanization is also an important strategic deployment.
Xi Jinping pointed out that Chongqing integrates big cities, large rural areas, large mountainous areas and large reservoir areas, and the task of coordinated development is heavy. It is necessary to promote the coordinated development of urban and rural areas, promote the simultaneous development of new industrialization, informationization, urbanization, and agricultural modernization, strengthen the development stamina in strengthening weak areas, and strive to form a balanced development structure and continuously enhance the developmental integrity.
Liu Pei-lin, deputy director of the Regional Economic Research Department of the Development Research Center of the State Council, said that the regional development level and productivity gap are actually superimposed by three factors: one is the urban gap between regions, and the other is the rural gap between regions. The third is the urbanization rate gap between regions. As the urbanization rate exceeds 50% and continues to rise to a higher level, the impact of the second and third factors on the regional gap tends to shrink.
“With the continuous advancement of urbanization, the level of urbanization in relatively backward areas has further increased. Except for more population and labor, except for the developed eastern provinces, urbanization can be carried out on the spot, from rural to urban, from agricultural to industrial. In the non-agricultural sector such as service industry, the productivity level will be greatly improved. In this way, while the urban-rural gap is gradually narrowing, the gap between regions will be further narrowed.†Liu Peilin said that an important way to narrow the regional gap in the future is to promote people-oriented Urbanization.
In addition, Xi Jinping emphasized that in the entire development process, we must pay attention to people's livelihood, protect people's livelihood, improve people's livelihood, and make the reform and development achievements more fair and fair to the broad masses of the people, while at the same time keeping the mountains and green waters of the region.
Encourage local government innovation
In the new round of development, local governments are encouraged to adapt to local conditions, and the development of specialization has become a major highlight of the recent central deployment. Xi Jinping pointed out that local reforms and reforms must, on the one hand, implement the reform tasks deployed by the Party Central Committee, and on the other hand, do a good job in exploring and innovating.
The authoritative article published by People's Daily on the 4th pointed out that the most important thing at present is to clarify the power boundary of the government and regard "letting hands" as the biggest "hand". At the same time, “letting hands†is not a “hands-onâ€. The government must also fulfill its basic duties of macroeconomic regulation, market supervision, public services, social management, and environmental protection.
In addition, the article emphasizes not interfering with the market, but it must exert innovation and focus on mobilizing entrepreneurs, innovative talents, and enthusiasm, initiative and creativity of cadres at all levels.
Xi Jinping further pointed out that under the premise of adhering to a national chess game, we must determine the key points, paths, sequences, and methods of reform, and implement the central spirit creatively so that the reform can more accurately meet the needs of development, the grassroots hope, and the will of the people. It is necessary to thoroughly understand the key reform plans formulated by the central government, and at the same time improve the implementation mechanism, proceed from the actual situation, start with specific problems, see what people see and see, and what problems will be highlighted to focus on solving problems, so that the reforms will take root.
Abstract On the first working day of the new year, President Xi Jinping chose Chongqing for the first domestic study in 2016. During the three-day inspection, Xi Jinping went deep into the port and enterprise research, and made judgments and instructions on China's current situation and development. Xi Jinping refers to...
On the first working day of the new year, President Xi Jinping chose Chongqing for the first domestic study in 2016. During the three-day inspection, Xi Jinping went deep into the port and enterprise research, and made judgments and instructions on China's current situation and development.