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    Next Year'S Economic Growth Target Will Be Confirmed.

    2014/12/12 12:14:00 11

    Economic GrowthGoalsNew Normal

    The conference put forward the normality of economic development from nine aspects, comprehensively and profoundly revealed the new features of consumption, market, resources, industry, population and environment, and put forward five major tasks, namely, trying to maintain steady economic growth in 2015, and actively finding new ways to cultivate new growth points. At the same time, a series of reform directions aimed at loosening the market and promoting reform and opening up were put forward.

    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.

      

    "New normal" officially become

    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, which is further deepening and systematization of the general secretary's elaboration on the growth, structure and dynamics of the APEC conference, revealing the fundamental reasons for the economic slowdown, structural pformation and dynamic pformation, and reveals the new characteristics of the specific connotation of the strategic opportunity period.

    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

    Structure adjustment

    balance

    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.

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    Central For The First Time To Explain Nine Characteristics Of The New Normal

    Adhere to the general keynote of steady progress, the first comprehensive interpretation of the nine characteristics of the "new normal", and put forward eight "more attention" and steady growth to become the next three major tasks of economic work next year, and focus on promoting the "one belt and one road" strategy. The first central economic work conference convened under the new normal train of thought is frequently seen with many highlights.

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