Prime Minister’s Symposium Releases Three Signals to Stabilize the Economy: Targeted Relief, Expansion of Domestic Demand, Reform and Openness-Finance News



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Original Title: Precise Relief to Expand Domestic Demand, Reform, and Openness – Prime Minister’s Forum Releases Three Important Signs to Stabilize Economy

Source: Daily economic information

On November 16, Li Keqiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Prime Minister of the State Council, chaired a symposium of economic and business experts to analyze the current economic situation and hear opinions and suggestions on the next economic job.

Li Keqiang said this year’s economic development difficulties are special and the results are very difficult. Under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all regions and departments implement the decisions and deployments of the Party Central Committee and the State Council, carry out solid “six stability” work, implement fully the tasks of the “six guarantees” and closely integrate macro control and micro demand. Focus on market entities, especially small, medium and micro enterprises and individual industrial and commercial households, innovate and implement direct mechanisms to help companies alleviate difficulties and stimulate the vitality of market entities. Macro policies are powerful, effective, timely and reasonable, and hundreds of millions of market entities have also demonstrated great resilience. Working hard and working hard, we have overcome difficulties in all aspects and stabilized the economy and employment. The current situation at home and abroad remains complex and serious. We must strengthen our confidence and be fully prepared to face difficult challenges. Guided by Xi Jinping Thinking on socialism with Chinese characteristics for a new era, implement the spirit and unfolding of the Fifth Plenary Session of the XIX Party Central Committee, fully implement the new development concept, bravely face challenges, realize accurately the normal epidemic prevention and control, and consolidate the growth of economic recovery Promote economic recovery to a reasonable range, promote high-quality development and build a new development pattern.

Li Keqiang pointed out that on the basis of continuing to implement large-scale aid policy, it is necessary to carefully analyze domestic and foreign macroeconomic trends and environmental changes, listen to the voices of market players and people, and make a general consideration of the next macroeconomic policy to improve the effectiveness and sustainability of the policy. Sex. Utilize state-of-the-art policy resources, more targeted support for market entities, especially small, medium and micro businesses, and individual industrial and commercial households, and more effectively protect and enhance people’s livelihoods.

Li Keqiang said that China has a strong domestic market and it is necessary to stand firm on the strategic basis of expanding domestic demand. Enterprises should improve market awareness, not only adapt to the economic structure and consumer upgrade trends, promote products and services at the medium to high level, but also take advantage of their profitable advantages, pay attention to the development of sunken markets, especially county and municipal markets, to meet large-scale and wide-ranging grassroots needs, and improve the quality of people’s livelihoods. Bring into play the key role of effective investment, mobilize social forces to actively participate, and plan the implementation of a number of major projects and people’s livelihood projects.

Li Keqiang pointed out that the more complex and difficult the situation, the more we should promote reform and openness. We will deepen reforms such as decentralization, regulation and service, accelerate the creation of a legalized and market-oriented international business environment, promote mass entrepreneurship and innovation, gather more intelligence and power from people and stimulate the vitality of entities. of the market and social creativity. Promote high-level openness to the outside world and work with relevant countries to take advantage of the recently signed Regional Comprehensive Economic Partnership Agreement as an opportunity to jointly promote the construction of the world’s largest free trade zone and take practical measures to safeguard the multilateral trading system and allow free trade. The main road and the road on the right are smoother. The relevant departments should intensify follow-up work to promote the implementation of the agreement and meet our commitments. Expand diversified international cooperation, stabilize the industrial supply chain, and achieve mutual benefits and win-win results.

Liu Xiangdong, deputy director of the Economic Research Department of the China International Economic Exchange Center, said the Prime Minister’s Symposium heard from businessmen on the implementation of the “six stability” and “six guarantees” policies, and considered in a manner Integrate the next macroeconomic policy orientation to calibrate the policy direction. , To ensure that the policy is effective and maintain the stability and continuity of the policy. The purpose is to ensure that market players overcome difficulties, demonstrate vitality and competitiveness, accelerate the recovery of the economy to a reasonable range and, at the same time, improve the capacity and level of implementation of new concepts of development and construction of a new pattern of development, and promote high-quality economic development.

Pang Chaoran, associate researcher at the Institute of the Ministry of Commerce, said that the signing of the “Regional Comprehensive Economic Partnership Agreement” will help rebuild the rules of multilateral regional economic governance, generate consensus among all parties, and firmly promote the development of the economic globalization and liberalization, and promote the basic resources of countries. Efficient allocation based on comparative advantages promotes the improvement of economic efficiency and social welfare of all parties; at the same time, it also better connects national and international circulations, promotes the construction of an open world economy, ensures the stable development of transnational industrial chains and supply chains, and actively contributes to the steady recovery of the world economy. power.

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Editor in Charge: Wang Meng

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