Boost Confidence for Sustained Economic Recovery
The recent Central Political Bureau meeting demanded a focus on key areas and proactive actions to effectively implement existing policies, intensify the introduction of new policies, and further enhance the targeted and effective nature of policy measures in order to strive to achieve the annual goals and tasks for economic and social development. Recently, a series of new policies have been accelerated, sending a strong signal for stable growth and effectively boosting market expectations and development confidence.
A scientific understanding of the economic situation is a prerequisite for good economic work. This year, facing a more complex domestic and international environment, China's economy has been generally stable with progress, high-quality development has been deeply promoted, and the overall social situation has remained stable. At the same time, some new situations and problems have emerged in the economic operation. Internationally, major economies have weak growth momentum and heavy debt burdens, international market fluctuations are significant, global trade protection is intensifying, and there are more uncertainties and instabilities. Domestically, effective demand is still insufficient, some industries and enterprises face many difficulties in production and operation, there are still significant risks and hidden dangers in key areas, and there are still shortcomings in people's livelihood protection.
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The Central Political Bureau meeting pointed out the need to view the current economic situation comprehensively, objectively, and calmly, to face difficulties and strengthen confidence. Facing difficulties requires adhering to a bottom-line thinking approach, truly enhancing the sense of responsibility and urgency in doing economic work, and further improving the targeted and effective nature of policy measures. Strengthening confidence requires maintaining strategic determination and being good at grasping long-term trends from short-term fluctuations. As the world's second-largest economy, China has formed a good and solid development foundation in continuous struggle, and the basic situation that is fundamentally good in the long term has not changed. The favorable conditions such as a broad market, strong economic resilience, and great potential have not changed. At the same time, China also has the advantage of having a large room for maneuver and a variety of policy tools, and is capable and conditioned to increase the intensity of macroeconomic regulation.
The package of new policies introduced this time closely follows the difficulties and problems in economic and social development and the production and operation of enterprises. It coordinates policies in various fields such as finance, consumption, investment, real estate, stock market, employment, and people's livelihood, and has launched a set of "combination punches," reflecting a clear problem orientation and goal orientation. At the same time, the new policies adhere to a combination of short-term and long-term approaches, focusing not only on solving current difficulties and problems but also on solving major long-term development issues in the economy.
Stabilizing growth requires momentum from reform. From the package of new policies, further comprehensive deepening of reform runs through all aspects and fields, and a batch of mature, tangible, and beneficial reform measures for achieving sustained and healthy economic development are being accelerated. For example, the draft Private Economy Promotion Law is currently soliciting public opinions, and the National Development and Reform Commission has indicated that it will formulate guidelines for the construction of a unified national market, release a new version of the negative list for market access, and establish a future industry investment growth mechanism. With the acceleration of the implementation of various symbolic reform measures, the vitality of economic and social development will continue to be released.
The key to stable growth is to stabilize enterprises. Enterprises are the basic cells of the economy and the main body for absorbing employment. For the actual difficulties faced by enterprise development, it is necessary to do a good job in helping enterprises relieve difficulties, make good use of various preferential policies for enterprises, and resolutely correct and seriously hold accountable the issues that enterprises strongly reflect, such as arbitrary fines, inspections, and seizures, in order to stabilize expectations and boost confidence with a continuously optimized business environment.
This year's economic operation has entered the fourth quarter, and running the "last lap" hard is of great significance for the economic development of the whole year. It is necessary to truly unify thoughts and actions with the Party Central Committee's analysis and judgment of the economic situation and decision-making and deployment, effectively implement existing policies, accelerate the implementation of new policies, further consolidate the foundation for the stable operation of the economy, and strive to complete the annual goals and tasks for economic and social development.