This year asPandemicAfter the first year, ChinaEconomyThe recovery has been very good overall. We have made many outstanding achievements, such as the rapid development of new energy vehicles, mechanical and electrical products account for 60% of exports, etc. In terms of GDP growth rate, China is on the same scaleEconomyThe body showed a high rate of growth. However, we also want to be entertainedEconomyThe recovery has not been as fast as expected, and the recovery has been uneven. For example, the recovery momentum in consumption, while on the rise, has not yet reached the expected level. The real estate market is volatile, especially in the middle of the year and at the end of the year. In addition, the recovery of private enterprises, especially small and medium-sized enterprises, has been relatively slow, and some companies are even in trouble. This is partly due to the fact that different industries are backwardPandemicTimesAdaptabilityThere is a difference in speed, and it is not possible to expect a full recovery in every industry in a short period of time.
This year'sEconomyworkMeetingsMedium, someEconomyScientists have proposed a number of reforms, but these suggestions have not been adopted. I think there are several reasons for this. First, there is a proposal to cut interest rates to zero to activate consumption, but what we have to think about is, how much confidence will zero interest rates bring to residents? At the same time, can the mandatory drive of household consumption really promote consumption growth? Secondly, for the proposal to rescue the real estate market, we need to consider not only the real estate itself, but alsoEconomyand confidence issues. Therefore, solving the real estate problem needs to be done in the whole wayEconomyThe system should be considered and coordinated, and it should not only focus on the superficial symptoms. In addition, we have been trying to remove bubbles and risks from the real estate market for a long time, and a sudden easing of restrictions could lead to an explosion of systemic risk. Finally, some experts recommend going straight toOrdinary peopleThe proposal itself is not a big problem, but we need to choose whether it is a short-term stimulus or a systemic solution. Clearly, the state has chosen to patiently solve the problem rather than relying on short-term stimulus.
Why weren't these reforms adopted? EconomyworkMeetingsThe principle of "first establish and then break" is proposed, which is also the answer to the question. in the presentEconomyTransformationConversion of old and new kinetic energyAs well as the period of old and new models and technology transformation, we still have some problems that have not been truly solved, and the infrastructure is still not strong enough, and even some places are fragile. If we take large-scale reform measures all at once, there is a risk of systemic risk. Therefore, we must first solve the problem and stabilize the foundation for the replacement of the old and the new, so as to move forward stably in this special period.
EconomyMeetingsThe fact that these reform proposals were put forward and not adopted does not mean that they are rightEconomyThe problem is indifferent, on the contrary, it is based on the presentEconomyThe result of comprehensive consideration of the situation and prudent decision-making. **Pay more attention to stable and long-term development, rather than one-sided pursuit of short-term stimulation. In fact, in 2021 China'sEconomyThe recovery performance is still quite good, and the results are gratifying. However, there are still some challenges to the recovery process that we need to continue to work on.
In the coming years, ChinaEconomyThe development trend will be affected by a variety of factors. First, we need to move forwardEconomyStructural adjustment, increase the intensity of scientific and technological innovation, industrial upgrading, and green development. Second, it is necessary to pay attention to solving the difficulties faced by private enterprises and small and medium-sized enterprises, and provide better support and guarantee for their development. At the same time, it is necessary to pay attention to the consumption needs of the masses of the people, promote consumption upgrading, and expand domestic demand. In addition, it is necessary to strengthenFinanceSystem of risk prevention and control, ensureFinanceStable and healthy development. The most important thing is to continue to deepen reform and opening up, strengthen international cooperation, and participate in the world with a more open attitudeEconomyGovernance and the international division of labour.
In a word, ChinaEconomyThe future development is full of hope, we must strengthen confidence, maintain stability, and continue to innovate. By adaptingEconomyWe are confident that we will usher in more prosperity in 2024Sustainabilityof ChinaEconomy