Chinese central economic conference emphasizes stability

                                                                                    INQUIRY

      China's central economic work conference, which closed on Thursday, made specific plans for next year's key economic work. The meeting pointed out that the downward pressure on the domestic economy is increasing. To achieve the expected goal of next year, we should adhere to the principle of keeping the word steady. At the same time, the emphasis on high-quality development is also throughout the whole article, emphasizing that we should "ensure the reasonable growth of the amount of economic realization and the steady improvement of the quality".
The meeting listed six key tasks for the next year. The first one is "unswervingly implement the new development concept". At the same time, there are many suggestions on "strive to promote high-quality development" and "deepen the reform of economic system". The former emphasizes to deepen the reform of scientific and technological system and speed up the improvement of technological innovation ability of enterprises; the latter indicates to speed up the improvement of state-owned assets, state-owned enterprises, land, finance and taxation, financial quality, etc Reform.
"The meeting emphasized to ensure the completion of building a moderately prosperous society in an all-round way and the successful completion of the 13th five year plan. From the perspective of economic growth, it indicates that 6% economic growth will be needed next year to achieve the above goals," said Zhu Jianfang, chief economist of CITIC Securities. "The economy is under pressure in the short term and not pessimistic in the long term, so we should" focus on our own business. "
He pointed out that next year will be a very important year for China. In order to build a moderately prosperous society in an all-round way, the year of the 13th five year plan, and the key year of the three major battles, the decisive year will be very obvious. Therefore, in view of the downward pressure facing the current economy, the macro policy will continue to take counter cyclical adjustment measures next year, and at the same time, the reform will be emphasized to promote high-quality development of the economy We have made major plans for next year's reform, focusing on the reform of state-owned enterprises, land and financial systems.


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