The State Council Of China Is Most Concerned About Seeking Balanced Employment

Li Keqiang, Premier of the State Council of China, recently hosted the third symposium on the economic situation jointly attended by experts, scholars and entrepreneurs since he took office in Zhongnanhai.

At the "economic class", which will be held "on time" at the end of each quarter, Li Keqiang will ask experts and scholars with rich professional knowledge and entrepreneurs who have personal feelings about the market about the current economic situation, and help the government make scientific and democratic decisions by widely listening to opinions.

In fact, Li Keqiang's in-depth interaction with the participants on the next step of China's economy also conveyed to the market his policy idea of promoting stability and long-term development of China's economy by seeking balance, pushing reform, escorting private enterprises and other means.

The economy is most concerned about seeking balanced employment

In 2013, China's economy was once faced with the situation that the core indicators of the whole line were cold and the GDP growth rate fell quarter by quarter. When the desire to build an upgraded version met the requirement of stabilizing growth, Li Keqiang gave a policy idea with "balance" as the core.

In his view, China's economy has entered a new stage of development, and it is unrealistic to maintain the past high-speed growth. However, as a large country with a population of 1.3 billion, it is difficult to solve many difficulties and problems, especially to ensure employment, without a certain development speed.

That is why, in the "classroom" in April, Li Keqiang released the policy principle of "standing firm, focusing on upgrading, and building an" upgraded version "of China's economy". In July, he used "upper limit" and "lower limit" to further describe the operation method of pursuing "balance": when the economic operation is kept within a reasonable range, we should focus on structural adjustment to release the dividend of reform; When the economic operation approaches the upper and lower limits, macroeconomic policies should focus on stabilizing growth or preventing inflation.

In this "class", Li Keqiang once again stressed that "we should find a 'golden balance point' between necessity and possibility, between transformation and upgrading and maintaining a reasonable growth rate, so as to stabilize China's economy".

Among a series of factors that need to be balanced, employment is Li Keqiang's most important concern. In the exchange with Li Rucheng, the chairman of Youngor Group, Li Keqiang expressed his concern about the risk of the collapse of cotton textile enterprises leading to the loss of a large number of employment opportunities for migrant workers, and asked the relevant departments to carefully study the protection of cotton farmers and reduce spin The relationship between enterprise costs. When talking with Ma Yun, the founder of Taobao, Li Keqiang also showed great interest in the new economic form of "9 million stores, which will at least drive tens of millions of people to work".

Li Keqiang stressed that the fundamental purpose of economic development is to ensure employment. Without stable employment, neither the country nor the people can achieve prosperity and happiness.

If we do not engage in short-term stimulus reform, we should break through dangerous shoals

As far as the policy orientation is concerned, Li Keqiang's "balanced" thinking not only includes "bottom line management" to prevent economic growth from sliding out of a reasonable range, but also includes "strategic determination" not to change the policy orientation due to temporary changes in economic indicators.

Liang Hong, the managing director of CICC, told the China News Service that the first reaction to stabilizing growth in the past was government led investment and government system debt. But by attending the symposium, she felt that the Premier emphasized not only stabilizing a growth goal, but also avoiding the use of policies that are useful in the short term but have a large negative effect in the medium and long term.

While clearly refusing to engage in short-term stimulus, Li Keqiang's three "economic courses" put the most emphasis on reform. He pointed out that China's macro tone, like traditional Chinese medicine, should "take a holistic view" and "restore vitality", which depends on the system and reform, and on promoting market-oriented reform.

On the eve of the Third Plenary Session of the 18th CPC Central Committee, Li Keqiang pointed out again at this forum that to achieve stable growth, adjust the structure and promote transformation, in the final analysis, it is necessary to comprehensively deepen reform. There is no way out without reform.

Li Keqiang stressed that now that the reform has entered a deep-water area, it is necessary to touch interests if we want to break through dangerous shoals. For the fundamental interests of all people and the sustainable and healthy development of the economy, we must go forward without hesitation, dare to break the pattern of inherent interests, and unswervingly and step by step promote various reforms.

Escort the new productivity target to achieve stability

Li Daokui, director of the Center for China and the World Economy Research at Tsinghua University, once described the quarterly "economics class" as "somewhat like a seminar in the academic community". In the opinion of the enterprise representatives participating in the course, this symposium is much more grounded than the academic seminar.

In the past three symposiums, Li Keqiang communicated with entrepreneurs from shipbuilding, automobile, e-commerce, machinery, household appliances, energy conservation, finance, energy, machinery manufacturing, textile industry and other fields to obtain difficulties and obstacles in the development of the real economy from front-line participants.

It is worth mentioning that private entrepreneurs account for almost half of the entrepreneurs who enter Zhongnanhai. Li Keqiang also showed his "support" attitude towards private economy, new productivity and other important forces in the development of real economy in the "classroom".

As for Fang Hongbo, the chairman of Midea Group, who said that enterprises face financing difficulties when implementing the "going global" strategy, Li Keqiang clearly pointed out that state-owned, private and foreign capital should be placed on an equal platform and standardized through rules; In the face of Ma Yun's voice that "private entrepreneurs hope to gain more trust from the government", Li Keqiang said frankly, "Today's invitation to you for a discussion represents our trust. The government not only trusts private entrepreneurs, but also relies on them!"

Fang Hongbo said, "The Premier said that private enterprises should be considered on an equal footing with state-owned enterprises in concept, which is a great encouragement to us." In fact, the Chinese government has also begun to provide assistance for the development of the private economy and the new economy through large-scale simplification of administration and decentralization.

Not long ago, the Chinese government announced the cancellation of the threshold for enterprise registration. Li Keqiang pointed out that the purpose of this move is to let entrepreneurs stop beating around the bush and stimulate market vitality.

Li Keqiang stressed that if China's economy wants to "climb the slope and overcome the obstacles", it must speed up structural adjustment and vigorously cultivate emerging growth points, so as to improve the quality and efficiency of China's economy and achieve stability.