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Central Economic Work Conference: An Economic Policy Framework Adapted To The New Normal Of Economic Development

2016/12/20 9:37:00 74

New Normal13Th Five-YearSupply Side Structural ReformEconomic Policy

From 14 to 16, the central economic work conference held that since the eighteen largest party, the economic policy framework suited to the new normal of economic development has been initially established.

The conference stressed that the general keynote of steady progress is the important principle of governing the country, and also the methodology of doing well in economic work. It is of special importance to carry out this general keynote next year.

The conference system elaborated on adapting to economic development.

New normal goals

Economic policy framework:

First, make a major judgement of economic development entering the new normal. We should recognize, grasp and lead the new normal as the major logic of economic work in the current and future period.

Second, we should take the concept of new development as guidance.

The structural reform of supply-side

As the main line of policy system, we should guide the economy towards higher quality, more efficiency, fairer and more sustainable development, and put forward a set of policy framework to guide the sustained and healthy development of China's economy.

Third, carry out the general keynote of steady progress, emphasize the need to maintain strategic determination, stick to the problem oriented and bottom line thinking, carry forward the spirit of nail binding, and move forward step by step.

Xin Ming, a professor at the Central Party school, said that this is the party's great judgement on the economic situation on the basis of a deeper understanding of the law of economic and social development, and a major policy decision and a more systematic and comprehensive policy arrangement for economic work has been tested by practice.

The central economic work conference held at the end of 2014 put forward that understanding the new normal, adapting to the new normal and leading the new normal are the major logic of China's economic development in the current and future period.

In 2015, the party stressed in the fifth Plenary Session of the 18th CPC Central Committee that "

The 13th Five-year

During the period, we must firmly establish and implement the development concept of innovation, coordination, green, openness and sharing.

At the end of 2015, the central economic work conference put forward that we should focus on strengthening the structural reform of supply side while moderately expanding the aggregate demand.

2017 is an important year for the implementation of the 13th Five-Year plan, and it is the deepening year for the structural reform of supply side.

The nineteen party will also be held next year.

Xin Ming said that the establishment of an economic policy framework suited to the new normal economic development is of great significance for the goal of building a moderately prosperous society in all respects and achieving the goal of "two one hundred years" in 2020.

To adapt and grasp the new normal of economic development, we must do a good job of reform and innovation.

The central economic work conference stressed the need to accelerate the pace of reform and better play the role of reform, and clearly put forward five key reform tasks to deepen the reform of state-owned assets.

All localities and departments should, in accordance with the deployment of the Party Central Committee, seize the "nose" of reform and focus on the "one son" of reform in key areas, so as to drive the economic chess game to "live in full".

Since the third Plenary Session of the 18th CPC Central Committee, we have comprehensively deepened reform with unprecedented strength, chewed up a lot of hard bones, broke through many dangerous shoals, and stimulated and released enormous institutional motivation and internal viability for economic and social development.

The more difficult the reform is, the more complex and difficult the reform will be.

At present, many reforms that need to be completed are major reforms with high interests and wide implications. That is to say, it is not difficult to move forward with the reform of cheese. We must advance unswervingly according to the requirements of overall planning and key breakthroughs.

Deepening the reform of state-owned assets, strengthening the system of property rights protection, steadily promoting the reform of fiscal and taxation system and financial system, promoting the reform of the endowment insurance system, and promoting the opening to the outside world with emphasis. The five key reform tasks proposed by this conference are to solve the outstanding contradictions and problems facing the economic and social development, and make better use of the breakthroughs and leading role of the reform.

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