Li Keqiang Responds To Multiple Crises With Skiing, Such As China'S Economy.

The key to pform traditional engines is to expand the supply of public goods and public services.

It belongs to the responsibility of the government, is a necessary measure to improve people's livelihood, and is also an important promoter of expanding domestic demand.

The traditional growth engine is accelerating failure. What will China take to achieve steady growth? Premier Li Keqiang said, "double engines" will help "double high".

At 21 p.m. local time, 6 p.m. local time in Davos, Switzerland, Li Keqiang delivered the opening speech at the 2015 world economic forum annual meeting entitled "safeguarding peace and stability, promoting structural reform, cultivating and developing new kinetic energy".

Li Keqiang explained that China's economy has entered a new normal, and the economy has changed from high speed growth to medium and high speed growth.

In order to support "double high", he put forward a new engine to cultivate entrepreneurship and innovation, and upgrade and upgrade the traditional engine "dual engine", so as to make China's economy go smoothly.

He compares the speed, balance and courage of the three elements of skiing, which means that for the Chinese economy, it is necessary to adapt itself to the new normal, to maintain high and medium speed growth, to balance the relationship between steady growth and structural adjustment, and to push forward reform with the courage of making up for mistakes.

Many people interviewed in different circles think that the traditional Chinese tradition is

The "three carriages" of export and consumption have stabilized all over the world, and the traditional dividend is disappearing.

In the face of the world's worries about the negative effects of China's economic pformation and slowdown, the proposal of "Keqiang engine" has opened "new penicillin" for the world economy, and also shows the confidence of big powers in the new era.

New regulation under the new normal

China's GDP grew by 7.4% in 2014, the lowest growth rate in 24 years.

Although this growth rate is higher than market expectations, downside worries remain the most concerned economic issue at home and abroad.

In response to the concerns of the outside world, Li Keqiang said that China's economic growth has slowed down, which has both the background of the deep adjustment of the world economy and the inherent economic laws.

It should be noted that the annual growth rate of 7% is larger than that of 5 years ago, and the performance of many indicators such as employment is excellent due to the large base.

To dilute the logic of GDP growth, Li Keqiang pointed out that not only one-sided pursuit of high speed, tight economic speed will be relieved, but also can spare no efforts to promote structural reform, structural adjustment, upgrading and upgrading to a more advanced structure and more reasonable division of labor.

In this way, the train of China's economy will not stall because of slowing down. Instead, it will run more steadily and forcefully, bringing new economy and forming new kinetic energy.

Turning to this year's work ideas, Li Keqiang clearly stated that he will continue to maintain strategic stability, implement a proactive fiscal policy and a prudent monetary policy, do not engage in flood irrigation, but pay more attention to pre adjustment of fine-tuning, better implementation of directional regulation, ensure that the economy runs in a reasonable range, and strive to improve the quality and efficiency of the economy.

For more than a year, the government has been targeting the issue of targeted regulation and control of "targets" in the political and commercial circles generally considered to be a major innovative regulatory thinking.

Under this thinking, not only a number of important economic objectives have been successfully completed, but also the industrial structure has undergone delicate and benign changes.

Chi Fulin, director of the China (Hainan) reform and Development Research Institute, said that directional regulation is more conducive to concentrating on resolving outstanding contradictions, and really using policies and funds to help upgrade and pform China's economy rapidly.

In addition, a number of people have told this newspaper that one of China's key tasks this year is to guard against multiple crises. Many foreign media are also concerned about China's financial and local debt risks.

For these speculation and judgment, Li Keqiang responded that China will not have regional and systemic financial risks, and China will not have a hard landing.

Li Keqiang said that China's savings rate is as high as 50%, which can provide sufficient funds for economic growth.

70% of the local debt is mainly used for infrastructure construction, which is guaranteed by assets.

He pointed out that to see that China is still a developing country, there is still a long way to go to realize modernization.

Nurturing new engine gold mine

Premier Li Keqiang pointed out that China's economy needs to be stable and sustainable. We must better implement reform and innovation, and make good use of the two hands of the government and the market.

On the one hand, we must make the market play a decisive role in the allocation of resources and cultivate a new engine.

On the other hand, we should give full play to the role of the government and upgrade the traditional engine.

Building a new engine is to promote public entrepreneurship and innovation.

Public entrepreneurship and universal innovation contain infinite creativity and unlimited wealth. They are inexhaustible "gold mines".

How to build this new engine can be summed up by combining management with management.

On the one hand, Li Keqiang pointed out that he will further deepen the reform of the administrative system, continue to cancel and decentralization of administrative examination and approval matters, clean up the so-called non administrative licensing comprehensively, promote the negative list system of market access, relax and reduce the burden on the market players. On the other hand, he also emphasizes the protection of intellectual property rights in accordance with the law, while protecting all kinds of legitimate property rights.

Liu Peilin, vice minister and researcher of the development strategy and Regional Economic Research Department of the State Council, told reporters yesterday that the new engine proposed by Premier Li Keqiang is not only needed in China, but also needs in developed countries.

"At present, a new global problem is the unemployment of young people. Although the unemployment problem is not very serious in China, the rapid upgrading of the labor quality structure, and the thirst for decent employment opportunities and entrepreneurial entrepreneurial opportunities, will be unprecedentedly and rapidly promoted.

He said that by promoting entrepreneurship and building new engines, the potential advantages of human capital can be pformed into real advantages.

The more people who participate in entrepreneurial trials and errors, the more Ren Zhengfei and Ma Yun grow up.

Moreover, the fairness of entrepreneurial opportunities is the greatest fairness.

The new engine in this sense can take into account the dual objectives of efficiency and fairness.

Transforming traditional engine short boards

An official think-tank told reporters that this year's economy is basically stable. This "stability" is mainly reflected in growth, employment and prices.

Under this premise, investment in the public sector is still the top priority, especially investment in real estate and infrastructure will play an important role in the near future.

In the speech, it is mentioned that to pform traditional engines, the key is to expand the supply of public goods and public services. Although China's economic development has made great achievements, public products and services are still short.

At present, the stock of public facilities in China is only 38% of that in Western Europe, 23% in North America, 10 percentage points lower than that in developing countries, while urbanization is more than 20 percentage points lower than that in developed countries.

In response to the key points of this year's renovation, Li Keqiang said that it has been identified as a key investment area, including railways in the central and western regions, water conservancy projects, shanty towns and urban and rural dilapidated buildings.

To reporters, the focus of Premier Li Keqiang's emphasis is to expand the supply of public goods and public services.

He believes that at the present stage, when the private sector's expectations for the economic outlook are pessimistic, it can be used to provide the bottom line, which can avoid the rapid economic slowdown and also guide the private sector to anticipate the potential growth rate.

"However, public goods and public services at the new stage of development are significantly different from the past roads and parks, and the income flow is narrowing.

Therefore, the engine in this sense can not be relied on for long.

"He said that the more important connotation of the pformation of traditional engines is the upgrading of traditional industries.

The latest research report of Minsheng securities suggests that the growth rate of GDP7% in 2015 also needs nearly 13 trillion of the infrastructure investment, while the budgetary and land revenue and the extra budgetary financing platform can not fully meet these capital needs. The research estimates that the infrastructure investment shortfall in 2015 is about 4 trillion and 500 billion.

In solving the shortage of funds, Li Keqiang pointed out that while increasing financial input, the government no longer played monologues. Instead, it deepened investment and financing reform, broke monopoly, attracted social capital and foreign investment participation, and adopted government and private enterprise cooperation, Sino foreign cooperation and government procurement services to magnify the benefits of investment.

He also pointed out that China will implement fiscal and taxation reforms, launch new initiatives to support small and medium enterprises, deepen financial reform, and continue to promote interest rate and exchange rate liberalization.

We should accelerate the development of small and medium sized finance, especially private banks, expand capital markets, promote price reform, substantially reduce the types and projects of government pricing, and maximize the liberalization of price controls.

At the same time, we should give full play to the role of the government in the soft environment construction, play the role of market supervision, create an international, market-oriented, and rule based business environment, and provide high-quality and efficient public services for all market players.