Aspects of China s Economic New Year Looking at the book of China s economy in the New Year from t

Mondo Finance Updated on 2024-02-11

Xinhua News Agency, Beijing, Feb. 10 (Xinhua) -- Looking at the "books" of China's economy in the New Year from the perspective of local departmental planning

Xinhua News Agency reporters Wei Yukun and Wei Hongyi.

On the first day of the first lunar month, the north and south of the river have a strong flavor of the year, and the spring is full of joy.

The plan of the year lies in the spring. From the development plans of various localities and departments this year, combined with the front-line interviews and surveys at the beginning of the year, we have a new understanding of the "book" of China's economy in the New Year.

"More stable" book: Consolidate the foundation for recovery in the expansion of domestic demand.

In Hangzhou, Zhejiang, in the Qian Wang Temple on the edge of the West Lake, a unique Spring Festival flower exhibition attracted many tourists.

The reporter walked into the gate of King Qian's Temple with **, and the red and fiery "ribbon" lingered around the "Fulinmen", full of joy. Red plums, wax plums, and daffodils are clustered, and the square in front of the palace is dressed up beautifully.

This year, the water lilies of the West Lake are placed on an indoor exhibition, so that citizens and tourists can see the summer beauty of the West Lake during the Spring Festival. Sha Shuhui, a staff member of the Hangzhou West Lake Water Management Office, said.

After many years, the West Lake Spring Festival Flower Show is open again. The local innovation launched guzheng, bamboo flute, pipa performance, paper-cutting, sugar painting and other performances, which won the audience's applause.

Consumption is the main engine driving economic growth and the background color of the economic "book".

Since the beginning of the year, from "Erbin" to "Four Provinces of Mountains and Rivers", from netizens spontaneously "supervising work" to "listening to persuasion" in the cultural and tourism department, various localities have frequently taken practical measures to strive to expand and strengthen cultural and tourism consumption, and consolidate the foundation for consumption recovery.

The reporter combed through the recent work reports released in various places and found that a series of support policies for expanding consumption are impressive: Fujian will vigorously develop new formats and new models such as experience services, shared services, and smart services; Shanxi will boost bulk consumption such as new energy vehicles and home appliances; Hainan proposes online and offline linkage to expand new consumption ...... such as digital consumption, green consumption, and healthy consumption

In the new year, the relevant departments are also making efforts to "add fuel to the fire" for consumption

The National Development and Reform Commission proposed to actively cultivate new consumption growth points, stabilize and expand traditional consumption, and further improve consumption facilities; The Ministry of Finance has made it clear that it will moderately increase the scale of fiscal expenditure to better play the role of stimulating domestic demand and promoting economic circulation; The Ministry of Commerce has clearly designated 2024 as the "Year of Consumption Promotion" ......

The Ministry of Commerce will do 'there is a theme for every quarter, there are activities for every month, and there are scenes for every week', and 4 major theme activities will be held throughout the year, and 12 key activities will be carried out. Sheng Qiuping, vice minister of commerce, said.

While the consumption "carriage" is accelerating, effective investment is also continuing to exert force.

On January 2, Jiangsu held a kick-off meeting for the construction of major projects, and planned to start 2,710 projects of more than 100 million yuan in the first quarter; On January 11, Sichuan held on-site promotion activities for major projects in the first quarter of the province, with a total of 2,217 projects promoted; On January 30, Beijing released the "3 100" key projects in the city, with a total investment of about 12 trillion yuan ......

The construction of major projects involving infrastructure, people's livelihood and other fields such as hydropower stations, highways, and power transmission and transformation projects in many places has been "fastened"; New infrastructure projects such as intelligent computing centers and computing power centers in Guizhou, Zhejiang and other places are being transformed into high-quality development drivers.

A commentator's article in the Financial Times noted that China's local investment projects launched in early 2024 have "obvious scientific overtones" and show "ambition to climb the value chain and develop new growth engines." ”

Coordinate the expansion of domestic demand and deepen the supply-side structural reform" - the reporter found in the survey that all parties actively implement the major deployment of the 2023 ** Economic Work Conference, focus on stimulating potential consumption, and expand effective investment.

In January, China's manufacturing purchasing managers' index, an important leading indicator of the economy, ended its three-month downward streak and rose to 492%, the new orders index, production index, etc. rebounded simultaneously.

According to the survey reports released by some institutions, multinational companies are very optimistic about the opportunities brought by the rebound in China's consumption, and China is still an important market for multinational companies. "China's economic recovery will promote the world's best recovery and boost world economic growth. Said Iweala, Director-General of the World ** Organization.

"Books" update: enhance new momentum for development in innovation-driven development.

Since the start of commercial voyages in January, the first domestic large-scale cruise ship "Aida Modu" has not stopped gaining fans, and the Spring Festival schedule has long been sold out. On February 14, nearly 8,000 passengers will take the "Aida Modu" to enter and exit the country to experience a different kind of Chinese New Year at sea.

A series of policy deployments are being introduced one after another to accelerate the formation of new quality productivity, enhance the development of new momentum and new advantages, and update the "book" of China's economy in the New Year.

New energy vehicles are a "golden signboard" for Chongqing's industrial development. This year, Chongqing will further polish this "golden signboard" and accelerate the construction of an intelligent networked new energy vehicle industry cluster.

We will introduce and implement special action plans for commercial vehicles, hydrogen fuel cell vehicles, vehicle-network integration, and vehicle-road-cloud integration, and strive to achieve an annual output value of 550 billion yuan and an annual output of 2.6 million vehicles. Tu Xingyong, deputy director of the Chongqing Municipal Commission of Economy and Information Technology, said.

Guangdong will newly promote the digital transformation of 9,200 industrial enterprises above designated size, and cultivate more than 250 provincial manufacturing individual champion enterprises; Ningxia will build 20 new industrial Internet platforms and add 1,000 new cloud enterprises; Liaoning will implement the project of cultivating and expanding science and technology enterprises, adding 1,500 high-tech enterprises and 6......,000 small and medium-sized science and technology enterprises

The reporter interviewed and found that in view of the lack of effective demand and overcapacity in some industries, all localities firmly grasped the "bull's nose" of scientific and technological innovation, and clarified the specific roadmap and task book for industrial transformation and upgrading this year.

The comprehensive layout of future industries has also been put on the agenda. The Ministry of Industry and Information Technology and other seven departments recently jointly issued the implementation opinions on promoting the innovation and development of future industries, and implemented major national science and technology projects and major scientific and technological research projects in the key directions of future industries, and accelerated breakthroughs in key core technologies.

The person in charge of the Ministry of Industry and Information Technology said that this year, while making every effort to promote the steady growth of the industrial economy, it is necessary to focus on promoting industrial innovation with scientific and technological innovation, such as building a new batch of national manufacturing innovation centers in key areas and starting the creation of national new industrialization demonstration zones.

Enterprises are the main body of scientific and technological innovation and the most active innovation force. To do a good job of innovation in the big market, many companies are also seeking innovation and change, and breaking through adversity.

The robotic arm cooperates with workers to complete a series of complex and delicate motherboard assembly processes such as patch and solder paste detection - this is a scene that the reporter recently saw in the automated intelligent production line of laptops in Lenovo Tianjin Innovation Industrial Park.

This notebook production line has applied advanced technologies such as 5G network, edge computing, digital twin, and artificial intelligence algorithms, with an automation rate of more than 60%, and a notebook is rolled off the assembly line every 9 seconds, with an estimated annual output of more than 3 million units. Zheng Aiming, project leader of Tianjin Innovation Industrial Park, said.

Heilongjiang proposes to adhere to the problem solving of enterprises, scientific research problem solving, and market scoring, deepen the collaborative innovation of "government, industry, academia, research and application", and build a team of high-skilled talents;

Jiangxi will implement major scientific and technological achievements maturation and engineering research projects, and echelon cultivation actions of science and technology enterprises;

Jiangsu has clarified the key work ...... such as deepening the reform of the system and mechanism of science and technology and talent development, and implementing the introduction and cultivation of high-level innovative talents

From focusing on breaking down tangible and intangible barriers at the institutional and institutional levels, to promoting the rational flow of human resources, all parties will ignite more policy "engines" to help business entities and boost development confidence.

China's economy is still in a critical period of recovery and transformation and upgrading, accelerate the cultivation of emerging industries, forward-looking layout of future industries, focus on the development of new quality productivity, economic development vitality will continue to release. * Feng Wenmeng, a researcher at the Center for Development Research, said.

"More substantial" on the books: improve people's livelihood and well-being in solving problems and making up for shortcomings.

It is expected to provide 30 million jobs - from late January to early April, the 2024 Spring Breeze Action will be held across the country to promote nearby employment and return to the hometown to start a business, and organize enterprises to recruit and employ other services.

Employment is related to the livelihood of thousands of households and is the most basic livelihood of the people. At present, with the increase of uncertainties in economic operation, weak social expectations, and unabated pressure on total employment, structural contradictions still exist.

Expanding the "reservoir" of employment has been included in the focus of work in many localities this year. For example, Shandong will implement the "community micro-industry" action and develop 100,000 new urban and rural public welfare jobs; Ningxia will continue to carry out subsidized vocational skills training to drive more than 50,000 unemployed people to find new jobs.

The employment of key groups such as college graduates is a top priority. The number of college graduates in 2024 is expected to reach 11.79 million, an increase of 210,000 year-on-year.

Not long ago, at the first job fair of this year in Nanjing, Jiangsu Province, nearly 600 positions such as software engineers, financial accountants, and account managers attracted many unemployed college students and 2024 graduates.

A total of 161 recruitment events were scheduled in January. Wan Jinhai, deputy director of the Nanjing Labor and Employment Service Management Center, said that activities such as employment assistance months will continue to be carried out in the future to help key groups achieve employment.

Some localities are making efforts to solve the structural contradiction between employment supply and demand. This year, Jilin proposed to implement the service innovation and improvement project of "looking for employment and finding people for lack of talents", which is expected to collect and push 400,000 jobs (times), and build 50 standardized entity gig markets, and strive to build a "15-minute employment service circle".

We will take measures such as expanding employment positions and building a service system that connects inside and outside the university, and increase support for the employment of young people such as college graduates. At the same time, we will strengthen assistance for people who have been lifted out of poverty and older rural laborers. Yun Dong, deputy director of the Employment Promotion Department of the Ministry of Human Resources and Social Security, said.

one old and one young", affecting hundreds of millions of families.

In 2024, the preferential policies of increasing the special additional deduction standards for individual income tax, namely the "Special Additional Deduction Standard for Infant and Child Care under 3 Years Old", "Special Additional Deduction Standard for Children's Education" and "Special Additional Deduction Standard for Supporting the Elderly", will continue to be implemented, and the tax burden of some people is expected to be further reduced.

Shandong will add 30 medical and elderly care institutions with two complete certificates and 10,000 family pension beds, Tianjin will build 10 intelligent elderly care service institutions, and Liaoning will implement the transformation of families with special difficulties for the elderly50,000 households, Fujian will build 400 demonstration canteens for the elderly;

Jiangxi will subsidize newborns to participate in basic medical insurance for free, Shanghai will add 3,000 public kindergarten nurseries, 7,000 community nurseries, and Heilongjiang will increase the total number of nursery places for infants and toddlers under the age of 3 to 1170,000 ......

Do your best and do what you can - comply with the expectations of the people, let the people's livelihood follow the "voice of the people", and this year's people's livelihood answer sheet will be more warm and weighty.

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