The closing of the central economic work conference is that

2017-08-18 10:49|Browse:163Times

The central economic work conference concluded, the economic information daily, reporter interview recently economists predict, macro policy next year will continue to be active fiscal policy and neutral as the main characteristics of the steady monetary policy combination. Next year, economic policy will seek to achieve multi-objective equilibrium while pursuing the three objectives of "stable growth" and "reform". Economists believe that the pursuit of balance, to maintain policy continuity and stability on the one hand, to the society stabilize market expectations, release the strong signal to promote structural adjustment, necessary for the market self-regulation standing space; On the other hand, we should comprehensively promote market-oriented reforms in key areas and create a fair and competitive market environment, laying a solid foundation for the market to play a decisive role in the allocation of resources. "The current economic situation is stabilizing, and the effects of previous rounds of regulation have made the new administration realize that maintaining policy stability is more conducive to stabilizing economic growth than strengthening the regulation. Based on this understanding, is expected to continue next year's macro control policies have a proactive fiscal policy and prudent monetary policy to match the pattern, but the emphasis of the specific not rule out the possibility of fine-tuning." Gao peiyong, dean of the institute of financial strategy of the Chinese academy of social sciences, told the economic information daily. The politburo meeting on December 3rd was seen by economists as setting the tone for next year's economic work. The politburo conference pointed out that in 2014 will continue to adhere to seek improvement in stability work always tone, the reform through each link all areas of economic and social development, to reform and promote innovation and development, improve the means of regulation, to strengthen the economic development mode change of endogenous power, speed up the optimization of economic structure adjustment, strengthen the construction of basic public service system, make the broad masses of the people share the reform development achievement, promote the sustainable and healthy economic development, social harmony and stability. The meeting was clear, maintaining policy continuity and stability, and actively promoting reform in key areas. State council development research center, researcher Li Boxi said, in the current China's economy has entered a rapid development stage, the party central committee under the state council shall have the right understanding and judgment, adopted the "steady growth, structural adjustment" policy, this is very correct, 2014 will continue to pursue such a macro policy orientation. The Chinese economy has entered a new stage of development and is undergoing profound changes and structural adjustment, which is very necessary. CCTV financial commentators Su Peike also said that 2014 is the implementation of the third plenary session of the eighteenth on comprehensively deepening the reform of certain major issue decision ", the first year of "restructuring", "steady growth" and "promote the reform of" parallel, "stability" is a "can do", "seek improvement in stability," with "restructuring" complement each other, in the forward market forces, endogenous dynamic of economic stimulus, encourage private investment and consumption growth, accelerate the rapid development of the third industry, and the structure of the balance of. Li Yang, deputy head of the Chinese academy of social sciences, said that the macro-economic policies aimed at adjusting the structure to nurture future economic growth could be summarized as "macro stability and micro activity". This is the core of the policy change, pay attention to demand management to focus on the supply mechanism of cultivation, to focus on motivation, efficiency, competition, productivity and capital formation, etc. These factors to improve the potential output. Such macroeconomic policies would be a set of deregulated policies and reform arrangements to stimulate market vitality. It aims to stimulate the vitality of the enterprise by lowering the threshold of market entry, lowering the tax burden and lowering the cost of financing. By removing the rigid institutional mechanism and improving the efficiency of the factor market, we can improve the competitiveness of the whole economy. Seeking a multi-objective balance is a new requirement for 2014 economic policy. First, on the macro policy level, we still need to implement a proactive fiscal policy and a prudent monetary policy, but the focus should be on supply-side management. "In 2014, the proactive fiscal policy should focus on the combination of short-term and long-term effects, both to stabilize growth and to foster future economic growth points. We will promote economic restructuring and economic restructuring by optimizing investment direction, and achieve more robust and balanced growth. Li xuesong, deputy director of the Chinese academy of social sciences, said. He gave four Suggestions: continue to improve the structural tax reduction policies and support the development of the real economy, especially the small and micro businesses. Maintain the basic stability of fiscal deficit and optimize the debt structure; Improve the use efficiency of financial capital with good incremental funds; We will reasonably control the level of local government debt and effectively control local debt risks. In monetary policy, the people's bank of investigation and statistics division deputy director wang yi think emphasis is four, including: a deposit insurance system as soon as possible, steadily push forward market-oriented interest rate, improving the financial macro-control system; To promote the issuance of interbank certificates of deposit, promote the securitization of interbank business and regulate the development of inter-bank business; Improve the level of banking competition and promote the healthy development of the banking industry; In order to avoid the macro - prudential policy, the loan business is regulated to promote the sunshine of "shadow banking". In industrial policy, effective solutions to overcapacity will be considered. "Correct understanding of contradictions is the starting point for resolving conflicts," wang jian, secretary-general of the China macroeconomic society, told economic information daily. "what is the main contradiction in China? I think it's overproduction, so reform and structural adjustment are going to be around this center, otherwise it won't be effective." Li Yang also said that in the future, one of the main tasks of China's macro-control is to effectively solve China's overcapacity problem. But solving the problem of excess will be combined with the push for reform. The national development and reform commission (NDRC) said that in 2014, we should further optimize the economic structure and improve the institutional mechanism conducive to resolving overcapacity. Li said the policy tools to tackle overcapacity should be made through reforms, mainly from suppliers. Have to slam the door in order to create new investment needs to eliminate the excess capacity of traditional practices, by reducing government intervention, give full play to the role of the enterprise and market, which finally suppress capacity of blind growth in our country. Zhang ping, deputy director of the economic research institute of the Chinese academy of social sciences, predicted that in 2014, China will comprehensively promote fiscal and tax reform, financial reform, soe reform, administrative reform and price reform. And he said to the economic information daily, reporter, in terms of fiscal and taxation reform, state, and local compilation work of the balance sheet will continue to carry out, in order to strengthen the monitoring of investment subject, at the same time research division ratio, the central and local spending reform of resource taxes, and scope of consumption tax will expand; On financial reform, what bank to set up the threshold will be reduced, the state will set up a batch of new policy financial institutions, will accelerate the construction of deposit insurance, the ratio of floating exchange rate will increase, the pilot will speed up free trade area; In the state-owned enterprises reform, state-owned assets supervision and administration commission positioning will gradually shift, from the original pipe full table to the state-owned enterprise balance sheet just part of the owner's equity, state-owned assets supervision and administration work will focus on capital appreciation; In the aspect of administrative reform, streamlining administration and delegating power will be further strengthened. In terms of price reform, the scope of public product price reform will be expanded.

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