China Will Be More And More Brave In The Financial Crisis

Standing at the end of 2008, this important node, looking back at the past, deeply felt that the achievements have not been easy. Looking ahead, it is a difficult task to tackle the impact of the international financial crisis and achieve new development. The Central Political Bureau meeting held in November 28th analyzed and studied the economic work next year. The Executive Council of the State Council has promulgated a series of major measures. All localities are also actively taking action to plan for next year's economic development. Facing the future, we will win the new victory of economic and social development as long as we firmly believe in winning confidence, do a solid job well, meet all kinds of challenges and strive to overcome difficulties. The unusual difficulty - the hard won achievements of 2008 - is a very unusual year for China's economic and social development, and it is destined to write a strong one in history. What is unusual is that this year has faced too many difficulties: from the freezing rain and snow disaster, the Wenchuan earthquake to the international financial crisis, the challenge is so huge and so intensive. What is unusual is that in the past year, the macro-control policy has shifted from "overheating prevention and inflation prevention" to "protecting growth and controlling prices" and then turning to "ensuring growth and expanding domestic demand". What is more unusual is that in spite of so many difficulties this year, China's economy has maintained a steady and rapid development momentum. At the end of the year, how to cope with the impact of the international financial crisis next year has become the most concerned topic in economic development. The financial turmoil that started in the US Wall Street has even affected the goose price in China's countryside. "Originally, a goose feather Ling price is 0.34 yuan, now it is 0.27 yuan. The price of all goose feather on a goose can be sold to 13 yuan, and it is less than 7 yuan now. Goose goose goose in Wuwei County, Anhui province has suffered the greatest difficulty in more than 10 years since Deng Licui raised goose. And Anhui Malata down products Co., Ltd. because of the shrinking market, inventory of hundreds of billions of dollars of raw materials and products, water washing production line shut down, 35 million yuan has not been recovered. From the perspective of the economy itself, China has never encountered such a difficult external dilemma in the past 30 years since its reform and opening up. Cai Zhizhou, a researcher at the national economic accounting research center of Peking University, said that it is more noteworthy that the impact of this crisis has not bottomed out, and its impact has been increasing. At this critical moment, the central government and the local government launched a major action against the financial crisis and running with time. At the end of the year, looking forward to the coming 2009, the difficulty is not over. We need to make a more detailed and solid arrangement. This is also unusual compared with previous years. A severe test -- changing pressure into motive force, turning challenges into opportunities, and the unprecedented international financial crisis are pressures and tests. Looking around the world, "the international financial crisis presents a trend towards a comprehensive economic crisis. The external environment of our economy may become more severe next year. Zhang Qizuo, vice president of China International Economic Research Association, said. Bush, President of the United States, admitted in December 5th that the US economy was in recession. The US manufacturing index in September fell to its lowest level in 7 years. As the manufacturing industry's heavy auto industry is in deep trouble, GM, Ford and Chrysler recently applied for emergency relief to the government at the same time, all of which indicate that the US manufacturing industry is shrinking rapidly in the past three years. The eurozone has officially declared the region's economy in recession. Emerging economies are also generally slowing down. Some experts pointed out that the world economic slowdown next year is almost inevitable. In November 6th, the International Monetary Fund reduced the world economic growth rate by 0.8 percentage points next year, and estimated that the economy of the developed countries could decline by 0.3% overall. This will be the first time that the developed economies have declined since World War II. The economic downturn has intensified the competition for export trade, and the threat of investment and trade protectionism has increased worldwide. China will face the pressure of significant reduction in external demand next year. The consumer product safety improvement act, which came into effect in November 11th this year, has set stricter quality and safety requirements for children's products exported to the United States. The EU will also introduce new toy safety directives by the end of this year. The new trade threshold set up by the United States and Europe will make the export of China's toys and other light industrial enterprises worse. "External pressure is bigger and only short-term. How to achieve healthy economic development and sustainable development is a long-term and urgent task." Zhang Xiaojing, director of the macroeconomic Office of the Chinese Academy of Social Sciences, said. At present, the pressure on resources and environment is constantly increasing, and the cost of labor and land has been increasing. With the increase of international trade protectionism, the low cost competitive advantage of China's economy has been gradually weakened. Transforming China's economic development mode and forming a new competitive advantage is China's biggest challenge. More complicated external conditions have created many pressures. There is no way to wait and wait. Only by changing pressure as a driving force and turning challenges into opportunities can we effectively cope with them. This is a major test for us. The fundamental way out is to speed up the development of sustainable development in resolving conflicts. But without scientific development, there is no sustainable capacity. When we look at the risks of economic downturn and the difficulties of business operation, we feel that it is the fundamental way to deal with the transformation of development mode and structural adjustment. Referring to the difficulties of enterprises and industries, Wang Yiming, vice president of the national development and Reform Commission's Macroeconomic Research Institute, said: "some industry departments lack independent technology and independent brands, mainly entrust processing. At the same time, the toy factory of the world's largest toy foundries backed by powerful consortium, and Jun Jun Group, located in Dongguan, Guangdong, has been closed down. At the same time, another toy company in Suzhou is ready to receive foreign orders amounting to about 80000000 yuan. Because there are a group of young people with strong design and research capabilities. Independent innovation has become the key to the survival and development of enterprises in crisis. The expansion of demand is easy to conceal structural contradictions. When cooling down, it highlights the urgency of adjustment. The relationship between domestic demand and external demand, investment and consumption, expanding scale and enhancing competitiveness needs to be reorganized in economic practice. "The international financial crisis once again warned us that the traditional industrial development mode and extensive economic development mode are difficult to sustain and face tremendous pressure of transformation and upgrading." Zhang Qizuo said. Under the pressure of the market, under the impetus of the national policy, a number of enterprises intensify their independent innovation, strive to cultivate their own brands, increase the added value of products, optimize the product mix, develop new products, and further enhance their competitiveness. In many places, we must change the mode of economic development, do our best to save resources and protect the environment. We should strive to readjust our economic structure, vigorously develop high-end manufacturing and service industries, and raise the proportion of the third industries. "Under the constraints of external crises, China's economic growth rate may slow down, but we must not give up long-term goals for short-term interests. Because only by adhering to scientific development will we have a new competitive advantage before we find a way out. " Zhang Xiaojing said. Strengthen your confidence -- go ahead bravely in the challenge, make the difficulty more fully and prepare the measures more carefully. This is a solid action and a firm confidence. "As in the past several times, after the challenge, China's economy will take a new step." Du Ying, deputy director of the development and Reform Commission, recalled the 30 years of reform and opening up. In the Asian financial crisis ten years ago, China's economic growth rate dropped to 7.6%. At that time, the central government resolutely adopted measures to implement the proactive fiscal policy, expand domestic demand, issue treasury bonds to invest in infrastructure construction, and the economic growth rate reached the 8% platform in 2000. In 2002, it stood on the 9% platform, and entered an accelerated growth period lasting 5 years from 2003. Responding to the crisis, we improved our infrastructure and expanded our overall national strength. The world ranking of China's total economic output increased from sixth in 2000 to fourth in 2007. A firm confidence is no empty talk. It is based on a strong material foundation, broad market prospects and effective response. Compared with developed countries, the proportion of China's third industry and consumption demand is about 30 percentage points lower. This is not enough, but it is also a powerful structural growth space. The gap of economic development between urban and rural areas is also the potential and driving force for growth. Zhang Liqun, a researcher at the Ministry of macroeconomic development of the State Council Development Research Center, said that "double acceleration" of urbanization and industrialization, China's economic growth is by no means lacking in momentum. "Crisis implies opportunities." Xu Xianchun said. Under pressure, it is a great opportunity for structural adjustment. Relying too much on the market inertia of developed countries and relying too much on the development inertia of scale expansion and cost advantage, we take this opportunity to adjust. In the 4 trillion yuan investment plan, the state has specially arranged projects supporting independent innovation and structural adjustment. According to the situation promulgated by the development and Reform Commission, investment in supporting independent innovation will reach 160 billion yuan. If we can make good use of this investment and give full play to the driving effect of central investment, we will contribute to the optimization and upgrading of the economic structure. The oil and gas tax reform has been a multi-disciplinary plan for 5 days to meet with the public. In a difficult time, we have resolutely launched the reform of rationalizing the mechanism of resource price formation, showing the firm determination of the state to promote structural adjustment and realize scientific development. The task of ensuring growth, expanding domestic demand and adjusting the structure has been clearly defined, and relevant policies are being introduced continuously. We should actively respond to all kinds of difficulties and contradictions. We should not only achieve steady and rapid economic development, but also promote structural adjustment and transformation of development mode. After winter, it must be spring. Yang Jing: editor in charge