Li Keqiang releases new kinetic energy for economic development

Abstract The Third Session of the 12th National People's Congress was opened in Beijing on March 5, and Premier Li Keqiang reported the government's work to the General Assembly on behalf of the State Council. This year's government work report sets the annual growth rate of China's economy at around 7%. "7...
The Third Session of the 12th National People's Congress was opened in Beijing on March 5, and Premier Li Keqiang reported the government's work to the General Assembly on behalf of the State Council. This year's government work report sets the annual growth rate of China's economy at around 7%.
"About 7%", the annual economic growth forecast of this government work report has attracted a lot of attention at home and abroad. At present, under the “new normal”, the Chinese economy faces the “three phases” superimposed stage characteristics, and the external environment is complex and variable and uncertain. In particular, the downward pressure on China’s economy is still increasing, and the difficulties this year may be greater than last year. As the Chinese economy has entered a period of shift from high-speed growth to medium-high-speed growth, economic development has entered a new normal, and this year is still the year of the “Twelfth Five-Year Plan”. We are also responsible for completing the “Twelfth Five-Year Plan” for economic and social development. The main target task, it can be said, what is the bottom line of the 2015 economic growth bottom line is undoubtedly the most eye-catching number of the two national conferences this year.
In his report, Premier Li Keqiang also focused on why he should position this year's economic growth rate at "about 7%" for analysis and further explanation. First, considering the needs and possibilities, it is in line with the goal of building a well-off society in an all-round way, and is compatible with the requirements of expanding economic aggregates and structural upgrading. Second, it is beneficial to achieve more adequate employment.
In 2014, faced with many difficulties and challenges, China's economy grew by 7.4% year-on-year, and its GDP reached 63.6 trillion yuan. Although this growth rate has dropped from the previous year, it is generally stable in a reasonable range, and this GDP growth rate is still the highest among the world's major economies. Last year's GDP growth rate was 7.4%. This year's government work report has taken the initiative to slow down economic growth. It is expected to be lowered to around 7%. The author believes that this is the way to lead the Chinese economy to adapt to the new normal. The expected target is around 7%. The line is intended to maintain a stable growth and balance of the structure, which will help to meet the needs of the people's livelihood, and at the same time give the society expectation and investment a stable feeling. On the other hand, the Central Economic Work Conference in December last year put forward that “reasonally determine the main expected goals of economic and social development and maintain the flexibility of the range control”, stressing the need to use the great resilience, potential and maneuvering space of the Chinese economy. The speed does not decrease, the quantity is better." The author believes that Premier Li Keqiang’s report this year has a clear thread throughout, that is, the speed regulation does not reduce the trend and focuses on “double high”.
So how to achieve speed control does not reduce the potential, to achieve "double high"? In the face of economic slowdown and downward pressure, Premier Li Keqiang proposed to grasp the "three points" when deploying this year's government work. First, stabilize and improve macroeconomic policies. Active fiscal policies should be strengthened and effective. The monetary policy should be moderate and appropriate; second, maintain a stable growth and balance the structure; third, foster and promote new impetus for economic and social development. The author believes that these three important aspects can constitute the general path and direction of Li Keqiang's "new economic policy" in the government report. In order to do a good job in China's economy, "the speed is not reduced, the quantity is better," Li Keqiang opened up two internal and external power engines in the "government report."
First of all, the internal engine is to promote mass entrepreneurship and innovation. In his report, Li Keqiang believes that "this can not only expand employment, increase the income of residents, but also promote the vertical flow of society and fairness and justice." He said with passion, "Thousands of market cells are active, and they will surely gather together into a huge kinetic energy for development. They will surely withstand the downward pressure on the economy and keep the Chinese economy full of vitality."
Li Keqiang asked the government to be brave in self-revolution, leave space for the market and society, and set the stage for fair competition. For individuals and enterprises, Li Keqiang motivated to be entrepreneurial and innovative, and proposed that the whole society should foster a culture of entrepreneurship and innovation. It is worth noting that in this year's government report, Li Keqiang promoted the "double engine", promoted "mass entrepreneurship", "grassroots entrepreneurship", and "everything innovation" and "everyone's innovation" to boost the Chinese economy towards "double" In the middle and high aspect, they used the whole paragraph, large space, and heavy ink to carry out work placement and deployment. For example, in terms of institutional innovation to promote technological innovation, implementation of corporate technology innovation mains, optimization of resource allocation and improvement of innovation efficiency, the Prime Minister used three major paragraphs to report, which is rare! Visible! ! !
Second, the openness of the Prime Minister’s report this year is highlighted. In this year's government work report, Li Keqiang actively planned to implement a new round of high-level opening up, and took the initiative to win the initiative of development and international competition. The report proposes to promote the transformation and upgrading of foreign trade and to make more active use of foreign capital. At the same time, Li Keqiang also regards the strategy of “accelerating the implementation of the strategy of going global” and “One Belt, One Road” as the engine of external development.
In the report, it is proposed to encourage enterprises to participate in overseas infrastructure construction and capacity cooperation, and promote the “going out” of railways, electric power, communications, construction machinery, and Chinese equipment such as automobiles, airplanes, and electronics, and promote foreign investment in metallurgy and building materials industries. The report also guarantees the Chinese enterprises to implement the "reporting system" of foreign investment management, export credit protection, broadening the use of foreign reserves, improving financial, information, legal, consular protection services, and improving the ability to protect overseas rights and interests. Going steady, strengthening and strengthening in the international competition.
The strategic concept put forward by President Xi Jinping and the "One Belt, One Road" strategy with international vision are undoubtedly a major "heavy drama" in this year's government work report. The “Belt and Road” is mainly to solve the problem of interconnection and intercommunication. In the report, the Prime Minister proposed to speed up the construction of interconnection, large customs clearance and international logistics. Among them, some specific policy initiatives have received much attention: for example, the construction of economic corridors such as China, Pakistan, Bangladesh, India, and Myanmar; combining the construction of the “Belt and Road” with regional development and opening up, and strengthening the construction of the fulcrum of the New Asia-Europe Continental Bridge and the land and sea ports.
In short, the new "double engine" launched by Premier Li Keqiang in the government work report this year will release new power and new energy, which will help optimize the spatial pattern of China's economic development and help China's economy adapt to the new normal. Smooth shifting. It can be said that the economic growth slows down and fears, and the growth rate of "7% or so" is enough!

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