On the judgment of China's macroeconomic trend, Vice Minister of Finance Li Yong pointed out at the closed meeting of the second CFO annual meeting on the 29th that China's active fiscal policy and moderately loose monetary policy have a positive impact on the economic operation. The overall situation is stabilizing. He pointed out that China should also develop strategic emerging industries and foster new economic growth points.
The economy is generally stabilizing. Li Yong said that China's fiscal policy has been very strong in five aspects and has achieved positive results. First, expand government public investment and vigorously promote consumer demand. Second, promote tax and fee reform and implement structural tax cuts. Third, adjust the pattern of national income distribution and increase the income of low-income groups. Fourth, further optimize the structure of fiscal expenditure to ensure and improve people's livelihood. Fifth, vigorously support scientific and technological innovation and energy conservation and emission reduction, and promote economic restructuring and transformation of development methods.
He said that China's response to the financial crisis has already begun to bear fruit. China's "scenery is good here", but there are also some uncertain factors. The foundation for economic recovery is still not stable, external demand is drastically reduced, and the domestic economic structure is irrational and growth mode. Long-standing problems such as extensive development have not yet been resolved. The recovery of the world economy will be a complicated and tortuous process. In addition, the consumption patterns of developed countries have changed, and global currency issuance has increased substantially in the short term, bringing variables to the future development.
Cultivate emerging economic growth points He pointed out that in the next step, in the process of maintaining growth, more attention should be paid to promoting structural adjustment, accelerating independent innovation, and strengthening energy conservation and environmental protection. Develop strategic emerging industries and foster new economic growth points. Vigorously developing emerging industries and promoting the use of green technologies and products are important joint points for stimulating consumption, increasing investment, and stabilizing exports, as well as a realistic entry point for restructuring.
At the time of the financial crisis, it also brought a series of opportunities for structural adjustment. The new environmental protection requirements will drive the industrial development to become a new growth point for China's economy and play an important leading role in China's next economic development. Relevant persons pointed out that focusing on the development of new energy industry, focusing on energy conservation and environmental protection, is the "addition" to cultivate new economic growth poles. At present, China's already launched Golden Sun Project, which is strengthening the development of the photovoltaic industry, is being implemented, in addition, new energy Automobiles, renewable energy, scale wind power and other related fields are all key targets of the government.
Expanding consumption as a foothold for growth He said that the next step is to focus on expanding domestic demand, especially consumer demand, and increase the driving force for economic growth, which is the foothold for promoting stable and rapid economic development.
"Expanding domestic demand is the biggest bright spot of the fiscal policy system." The relevant person of the Ministry of Finance pointed out that the next step of China's fiscal policy will also focus on expanding consumption, and the current policies of home appliances, cars going to the countryside and trade-in will continue. A series of good developments have emerged. From January to July, China's total retail sales of consumer goods reached 686.48 billion yuan, a year-on-year increase of 15.0%, and showed a good structural adjustment trend. Rural consumption growth was higher than that of cities.
The economy is generally stabilizing. Li Yong said that China's fiscal policy has been very strong in five aspects and has achieved positive results. First, expand government public investment and vigorously promote consumer demand. Second, promote tax and fee reform and implement structural tax cuts. Third, adjust the pattern of national income distribution and increase the income of low-income groups. Fourth, further optimize the structure of fiscal expenditure to ensure and improve people's livelihood. Fifth, vigorously support scientific and technological innovation and energy conservation and emission reduction, and promote economic restructuring and transformation of development methods.
He said that China's response to the financial crisis has already begun to bear fruit. China's "scenery is good here", but there are also some uncertain factors. The foundation for economic recovery is still not stable, external demand is drastically reduced, and the domestic economic structure is irrational and growth mode. Long-standing problems such as extensive development have not yet been resolved. The recovery of the world economy will be a complicated and tortuous process. In addition, the consumption patterns of developed countries have changed, and global currency issuance has increased substantially in the short term, bringing variables to the future development.
Cultivate emerging economic growth points He pointed out that in the next step, in the process of maintaining growth, more attention should be paid to promoting structural adjustment, accelerating independent innovation, and strengthening energy conservation and environmental protection. Develop strategic emerging industries and foster new economic growth points. Vigorously developing emerging industries and promoting the use of green technologies and products are important joint points for stimulating consumption, increasing investment, and stabilizing exports, as well as a realistic entry point for restructuring.
At the time of the financial crisis, it also brought a series of opportunities for structural adjustment. The new environmental protection requirements will drive the industrial development to become a new growth point for China's economy and play an important leading role in China's next economic development. Relevant persons pointed out that focusing on the development of new energy industry, focusing on energy conservation and environmental protection, is the "addition" to cultivate new economic growth poles. At present, China's already launched Golden Sun Project, which is strengthening the development of the photovoltaic industry, is being implemented, in addition, new energy Automobiles, renewable energy, scale wind power and other related fields are all key targets of the government.
Expanding consumption as a foothold for growth He said that the next step is to focus on expanding domestic demand, especially consumer demand, and increase the driving force for economic growth, which is the foothold for promoting stable and rapid economic development.
"Expanding domestic demand is the biggest bright spot of the fiscal policy system." The relevant person of the Ministry of Finance pointed out that the next step of China's fiscal policy will also focus on expanding consumption, and the current policies of home appliances, cars going to the countryside and trade-in will continue. A series of good developments have emerged. From January to July, China's total retail sales of consumer goods reached 686.48 billion yuan, a year-on-year increase of 15.0%, and showed a good structural adjustment trend. Rural consumption growth was higher than that of cities.
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