China'S Economic Growth Target Was Confirmed In 2015.

The meeting was put forward from nine aspects.

The normality of development reveals the new characteristics of consumption, market, resources, industry, population and environment comprehensively and profoundly. It also puts forward five major tasks, namely, trying to maintain steady economic growth in 2015, and actively finding new ways of fostering new growth points. At the same time, it puts forward a series of reform directions aimed at loosening the market and promoting reform and opening up.

From a number of authoritative sources, the GDP growth target for the next year's central economic work conference was lower than that of this year, but it is also within the general expectation of the market.

Close to the top executives told this newspaper that the meeting was the first time to integrate the thinking of "new normal" into the policy formulation. It is the most important logic for the future period to base itself on and identify with the "new normal". It will also bring fundamental changes to some traditional governance ideas.

In addition, market analysts yesterday told the newspaper that the international layout and the strategy of going out were noteworthy.

The central government has made the judgement that "the growth of the world economy may pick up slightly". Whether it is "one belt and one road", the strategy of promoting the free trade zone, or emphasizing the balance of internal and external needs and imports and exports, it reflects the foresight of the central authorities in the early deployment of the complex internal and external environment.

The "new normal" has become the economic logic.

The meeting that ended yesterday is the first central economic work conference after general secretary Xi Jinping put forward and expounded the "new normal".

At this meeting, the "new normal" has become the consensus of the Party Central Committee and will become a major logic of economic development in the coming period.

The meeting held that scientific understanding of the current situation and accurate judgement of future trends requires a historical and dialectical understanding of the phased characteristics of China's economic development and an accurate grasp of the "new normal" of economic development.

In explaining the specific "new normal", the meeting selected consumer demand, investment demand, export and balance of payments, production capacity and industrial organization, comparative advantage of production factors, market competition characteristics, resource and environment constraints, economic risk accumulation and disintegration, resource allocation mode and macro control mode and other 9 new changes.

Based on the above trend changes, the conference held that China's economy is evolving towards a more advanced stage, a more complex division of labor and a more rational structure. Economic development has entered the "new normal". It is changing from high speed growth to medium and high speed growth. The mode of economic development is shifting from the mass growth to the mass efficiency oriented intensive growth. The economic structure is changing from the incremental expansion to the depth adjustment of the adjustment of stock and the coexistence of excellent and incremental growth. The driving force of economic development is shifting from the traditional growth point to the new growth point.

Close to the official authority yesterday, this newspaper said that the introduction and systematic exposition of the "new normal" is an important contribution to the theory of economic development in developing countries, and an enrichment of the theoretical system of socialism with Chinese characteristics.

Compared with the past, this article expounds the connotation of "new normal" from 9 aspects.

The further deepening and systematization of general secretary's statement on growth, structure and dynamics revealed the underlying causes of economic slowdown, structural pformation and dynamic pformation, and revealed the new characteristics of the specific connotation of strategic opportunities.

Against this background, the formulation of the goal of economic growth first applies the logic of "new normal".

A number of people who have confirmed to the newspaper that the target of next year's economic growth will be lowered will be tolerant of the decline in numbers and emphasize quality and efficiency. This is based on China's reality and future judgement.

In the first three quarters of this year, China's economy grew by 7.4% year-on-year, urban employment continued to increase, consumer prices were generally stable, and the growth of money and credit was stable. Officials believed that the main economic indicators were in a reasonable range, but admitted that there was downward pressure on the economic operation.

The meeting also pointed out that we should rationally determine the main expected targets of economic and social development, maintain flexibility in regional regulation, stabilize and improve macroeconomic policies, and continue to implement directional regulation and structural regulation.

The authorities who are close to the official believe that there should be three aspects in understanding the expected target of determining the growth rate under the "new normal": first, no matter what the expected target is, it is an expected target rather than a binding index; second, it needs to link up with the goal of building a well-off society in an all-round way, and maintain a certain growth rate, but it can not make all aspects of economic relations too tight. Third, more importantly, while maintaining rapid growth, it will promote pformation and upgrading. The corresponding growth points and economic structure of the expected growth target under the "new normal" are different from the past, not the same proportion adjustment of the original growth point and the economic structure.

Steady growth and structural adjustment

On the "new normal" consensus, the conference put forward five major tasks for next year's economic work, including: strive to maintain steady economic growth; actively identify new growth points; speed up the pformation of agricultural development mode; optimize the spatial pattern of economic development; strengthen protection and Gai Shanmin's work.

The authorities close to the official believe that the five tasks basically reflect the unity of reform and development.

To maintain stable macroeconomic growth, we need to innovate the way of macroeconomic regulation and control. We need to rely on market forces and innovate policy measures to tap new growth points; agricultural development should change the mode of agricultural development, improve efficiency and reduce pollution under the premise of ensuring the capacity of grain production; form a rational spatial pattern of economic development, which can not only breed new growth poles and growth zones, but also promote the reform of market integration and the full flow of factors.

This reporter combed and contrasted the main tasks of the central economic work conference in the past few years, and found that "strive to maintain steady economic growth" and "actively identify new growth points" is not only a new formulation, but also fits the latest macroeconomic situation.

At the beginning of the statement, close to the senior people said the whole meeting had a great emphasis on sex, and there were many fields of innovation and breakthroughs.

Specifically, the meeting put forward "the key is to maintain a steady growth and balance between structural adjustment", emphasizing the continuity and stability of macroeconomic policy, and continuing to implement a proactive fiscal policy and a prudent monetary policy.

Positive fiscal policy should be strengthened, and monetary policy should pay more attention to tightness and moderation.

In terms of cultivating new growth points, the conference put forward three principles for market to live, innovation and reality, and policy, and to tap a large number of economic growth points with great potential.

Another official think-tank reported to the newspaper that several major tasks fully reflected the central idea of "steady growth, structural adjustment, promoting reform and improving people's livelihood", and the composition and order reflected the priorities and priorities of next year's economic work.

Reform will enter the year of implementation

Executive director of Minsheng Securities Research Institute, Mr. Guan Qing you [micro-blog] believes that 2013 is the year of reform, 2014 is the year of reform and planning, and 2015 is the year of reform and implementation.

"Self revolution" and reform efforts are worth looking forward to.

Combing the contents of the meeting, we can find that reforms related to government functions, financial system, state-owned enterprises and opening to the outside world have been mentioned.

In particular, it is necessary to speed up the administrative examination and approval.

Reform in the fields of price, monopoly industries, franchising, government procurement services, capital market, access to private banks and foreign investment has effectively pformed the reform measures into development momentum; we need to push ahead with the reform of state-owned enterprises in order to enhance the vitality and efficiency of enterprises. We need to promote domestic demand and external demand balance, import and export balance, import foreign investment and foreign investment balance, gradually realize the basic balance of international payments, and build a new open economy system.

On the deployment of the pace of reform, the meeting proposed that we should focus on solving the outstanding problems facing development and push forward the reform. We should introduce reform measures that not only have the characteristics of the year, but also facilitate the long-term institutional arrangement, and we will continue to make various reform plans.

Some scholars said that in the context of expanding domestic demand and digging new economic growth points, the relevant reforms on "public entrepreneurship and innovation" should be looked forward to, because this policy will play an irreplaceable role in maintaining growth and pformation and upgrading.

Finally, the meeting stressed the importance of elaborating the great toughness, potential and leeway of China's economy, relying on promoting reform and restructuring, unswervingly promoting economic development, upgrading quality, enhancing efficiency, and making efforts to speed up the momentum reduction, increasing quantity and quality.

We should coordinate the expansion of internal and external needs, synchronously push forward the new industrialization, informatization, urbanization, agricultural modernization, strengthen the support to the real economy, energetically strengthen the protection of the ecological environment, pay more attention to the improvement of people's livelihood and social construction, effectively enhance the pulling power of domestic demand on economic growth, implement a new round of high-level opening up, maintain the rapid growth of the economy, and push the economic development towards the medium and high end level.