Policy Orientation Next Year: Positive And Prudent &Nbsp; Prudent And Flexible
The central economic work conference set the tone for next year's policy orientation: active, prudent, prudent and flexible.
The central economic work conference was held in Beijing in from December 10th to 12th.
The meeting put forward the basic orientation of macroeconomic policy next year: vigorous, prudent and flexible.
The meeting pointed out that doing a good job in economic work next year has many favorable conditions, but there are also some outstanding contradictions and problems.
Next year, we will implement a proactive fiscal policy and a prudent monetary policy, enhance the pertinence, flexibility and effectiveness of macroeconomic regulation and control, and speed up economic restructuring.
We must maintain steady and rapid economic development and promote social harmony and stability.
Six tasks of economic work in 2011
First, strengthen and improve macroeconomic regulation and control, and maintain stable and healthy operation of the economy.
Two, promote the development of modern agriculture and ensure the effective supply of agricultural products.
Three, speed up the strategic readjustment of the economic structure and enhance the coordination and competitiveness of economic development.
Four, improve basic public services and innovate social management mechanisms.
Five, increase the intensity of reform and push forward the pformation of the mode of economic development.
Six, adhere to the win-win strategy of opening up and expand the space for international economic cooperation.
Industry interpretation
1: steady development and managing inflation expectations
Unlike the "continuing fiscal policy and moderately loose monetary policy" put forward at the central economic work conference last year, the conference proposed that China will implement prudent monetary policy next year while continuing to implement the proactive fiscal policy.
At the same time, the conference proposed that we should maintain steady and rapid economic development and manage inflation expectations.
"This year's economy
Work conference
Emphasizing "positive and steady" and adapting to the new situation and new environment at home and abroad.
Sun Huaibin, director of the China Textile Economic Research Center, believes that maintaining steady and rapid economic development reflects the basic trend of China's economic growth.
After the victory of the financial crisis, China's economy has gradually recovered, and the recovery rate has exceeded expectations. However, the CPI index continues to rise due to excess liquidity and the increase in inflation expectations caused by international import factors.
If prices are not controlled, it will increase production costs, affect people's lives, and affect social harmony and stability.
The two policies of "active and prudent" should be prudent and flexible when combined. Prudence means that we should not be blind and rational. We should flexibly follow the changes of the actual situation and change the intensity, gravity and rhythm of policies.
"The Central Committee proposes to maintain steady economic growth at the same time.
Administration
Inflation expectation is a positive factor for the development of the industry. "
Sun Huaibin said that the survival and development of the industry can not be separated from the support of a good macro environment. The stable external economic environment, stable economic growth, appropriate price level and stable and coordinated economic indicators will play a positive role in promoting the steady and rapid development of the textile industry.
2: adjusting the structure is the main direction.
The central economic work conference stressed that we should adhere to the strategic adjustment of the economic structure as the main direction to speed up the pformation of the mode of economic development.
Sun Huaibin pointed out that during the financial crisis, the scale and scale of investment were greatly increased.
Domestic market demand
To ensure that economic growth is different, the focus of the future will be "structural adjustment".
"Whether we can change the mode of economic development depends on the effect of" structural adjustment ". This is also the reason why the conference puts the" adjustment structure "in a prominent position.
The meeting called for an increase in consumption driving force, which will enhance the consumption capacity of residents, improve the consumption conditions of residents, and cultivate new consumption hotspots as the focus of adjusting and optimizing the demand structure.
In addition, speeding up the pformation and upgrading of traditional manufacturing industries, eliminating backward industries, developing strategic emerging industries, emphasizing the main position of enterprise innovation, improving industrial concentration, strengthening energy conservation and emission reduction, and speeding up regional structural adjustment are all important contents of structural adjustment.
"The state puts the adjustment structure in the main direction, and the textile industry in the 2011 and future development orientation should also be so."
Sun Huaibin said that to enhance the core competitiveness of the industry and create an atmosphere for the development of modern production systems, efforts should be made to turn the textile industry into a modern industrial system with structural optimization, high added value, clean and safe employment.
Look at 3: bring money to SMEs {page_break}
In order to "properly control the total gate of liquidity", the central economic work conference pointed out that credit funds should be invested more in the real economy, especially the "three rural" and small and medium-sized enterprises.
The new formulation of prudent monetary policy will have an impact on credit next year.
Credit growth is likely to slow down and the size may shrink.
But the meeting put forward a new support point, that is, credit funds focus on supporting the real economy, with emphasis on supporting agriculture, rural areas and farmers and small and medium-sized enterprises.
"This is a big change in 2011."
Sun Huaibin analysis said that after this year's credit funds were restricted to the stock market and the real estate sector, many social hot money hyped up commodities, agricultural and sideline products.
Next year, the credit policy supports the "three rural" and the small and medium-sized enterprises' role of "shining with sunshine" for the textile industry, which is good for the industry as well as opportunities.
4 point: keep the exchange rate level reasonable and stable
The central economic work conference proposed to further improve the RMB exchange rate formation mechanism and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
"The RMB exchange rate has no expected market target."
Wang Shouwen, director of the foreign trade division of the Ministry of Commerce, said in an interview with our correspondent that the RMB exchange rate formation mechanism is based on the market.
Not long ago, the United States launched the second round of quantitative easing (QE2) aimed at stimulating the US economy, and the EU is also implementing the securities market plan (SMP). Therefore, the RMB should consider the changes in the US dollar, euro, yen and other package currencies, and determine the trend of the exchange rate by the market.
Wang Shouwen believes that the fluctuation range of the RMB exchange rate will increase, but will not rise sharply, and will maintain a balanced development at a reasonable level.
Point 5: there are still many uncertainties in the world economy.
The central economic work conference held that the world economy is expected to continue to grow again next year, but there are still more uncertainties and uncertainties.
"The international uncertainties are not only from the main market countries but also from the competitors."
According to Sun Huaibin analysis, the main market countries' economy has not really recovered, and the competitors' countries have accelerated their development. This is a great pressure on us.
Now the developed countries are picking up the manufacturing industry, developing new strategic industries, and taking up new commanding heights of science and technology.
In addition, exchange rate changes, trade protection and so on have great pressure on us, so next year's exports should take account of these factors.
The important thing is to grasp the characteristics of the world economic structure entering the adjustment period, accelerate the pace of our pformation and upgrading, and enhance our competitive power.
6: expand international economic cooperation space
"Adhering to the win-win strategy of opening up and expanding the space for international economic cooperation" is one of the important tasks of next year's economic work.
Data show that China's textile and garment trade surplus accounted for more than 80% of China's total trade surplus. Textile and apparel market share in the world has increased substantially compared with the quota cancellation.
Sun Huaibin said that although we are a big exporter, imports have also been increasing in recent years. The imported products include finished products, raw materials, equipment, dyes and so on.
At present, although the import and export of textile and clothing is large, they are developing towards a balanced direction.
In the future, we should continue to give full play to our comparative advantages in the international division of labor and raise the level of foreign capital utilization, especially in the fields of high performance fiber, industrial textiles and high end fabric manufacturing.
Meanwhile, we should accelerate the pace of "going out" in the field of superiority.
Industry appeal
Lessons learned from cotton price fluctuation
Since the beginning of this year, the fluctuation of textile raw material prices has brought great uncertainty to the production and operation of enterprises, and has also directly affected the market expectations in the future.
"We must learn from the lessons of the sharp fluctuations in raw material prices."
Sun Huaibin appealed: the government's macro-control departments should speed up the establishment of an effective management mechanism for raw material market balance, and resolutely crack down on malicious speculation by lawless elements.
At the same time, relevant departments should support the development of new fibers, including the development of new chemical fibers, high simulated fibers and biomass fibers, and maintain the production and supply of natural fibers such as cotton. We should speed up the reform of the raw material supply system, especially the reform of the imported cotton system, so that we can make full use of international resources to balance the contradiction between supply and demand in China.
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