Gu Shengzu: The New Wave Of Entrepreneurship Should Become The Lasting Power Of The New Normal Economy.

"The new wave of entrepreneurship can not be a flash in the pan, but should be a lasting power of the new normal economy." Economist Gu Shengzu, vice chairman of the Central Committee of the people's Republic of China, said at a news briefing held by the Central Committee of the people's Democratic National Construction Office 27.

Gu Shengzu said that China's economy has entered a new normal, the key lies in "new", indicating that the old road is not working. To lead the new normal, we need to take "mass entrepreneurship and innovation" as a new engine, so that enterprises will not only "born" but also "live well". We must lead the wave of entrepreneurship innovation with reform.

"With the rise of the new wave of entrepreneurship and innovation, a large number of enterprises are facing" survival pressure "at the same time. In Gu Shengzu's view, at present, the financing cost of start-up enterprises is too high, and the difficulty of recruiting people is difficult. On the one hand, it is difficult to implement supporting policies for entrepreneurial innovation. On the other hand, when promoting decentralization and decentralization, supervision and regulation of decentralization and policy implementation are inadequate, and the reform effect is difficult to give full play to.

Gu Shengzu suggested that to ease the financing problems of start-ups, we need to deepen the reform of the financial system and reconstruct multi-level market systems, diversified organizational systems and three-dimensional service systems. "We must vigorously develop angel investment, encourage more rich people to support start-ups with spare cash, and foster grass-roots businesses. Finance Develop and standardize Internet finance.

He believes that the government and enterprises need to work together to get rid of their employment difficulties. The government should strengthen the Start-ups The supply of public services will reduce the cost of labor in the form of financial subsidies and preferential tax. On the other hand, enterprises should establish a competitive incentive system to enhance the attractiveness of start-ups to talented people.

Besides, Gu Sheng Zu In promoting the development of start-ups, we should further implement the policy of entrepreneurship and innovation, create a policy environment conducive to entrepreneurship and innovation, further orientate the right direction, reduce taxes and orientate regulation, and transplant the "three rural" policy with "little more to give more" to start-ups.

Related links:

A few days ago, the central bank carried out a 14 day period of 38 billion yuan reverse repurchase operation in the open market, winning the bid rate continued unchanged at 4.10%. Industry experts said that combined with the central bank's targeted implementation of targeted reduction measures, this combination of boxing is to further observe whether the macro-economy is entering deflation and what kind of monetary policy tools to make targeted work.

Whether China has entered deflation is now controversial: both China has fallen into deflation and has not fallen into deflation. The general understanding of deflation is that CPI and PPI are negative. At present, although CPI is relatively low, it has not yet reached a negative number, so it can not be called comprehensive deflation at present, but the risk of deflation is aggravating. We should further guard against deflation.

Yao Jingyuan, a special researcher of the State Council Counselor's office, said that from the current data, we have not yet fallen into deflation. Now, changes in some indicators illustrate two problems: first, China's economy is entering a new normal, and an important symbol of the new normal is shifting from high speed growth to high growth in the past. Two, the downward pressure on economic growth is relatively large. In such a state, maintaining steady economic growth will achieve no deflation cycle.

Dong Dengxin, director of the financial and Securities Research Institute of Wuhan University of Science and Technology, said in an interview with reporters that deflation is just a representation from the current economic operation of our country, and China has not entered the stage of deflation.

Dong Dengxin further analyzed, first of all, at present, China's currency stock M2 traffic is very large, is 2 times the growth rate of GDP; secondly, the size of new loans and total assets of banks are also very large, reaching 3 times the GDP growth rate. Large amounts of money and idle funds are squeezed and occupied by excess capacity, such as real estate investment. All these indicate that our country is not in a state of deflation.

Dong Dengxin believes that the central bank's failure to release water may cause difficulties for banks and enterprises to raise funds, and the problem of excess capacity and expansion will be worried if water is released. Therefore, the central bank needs more targeted and effective measures in the future to cope with the risk of deflation.

Yao Jingyuan stressed that since the second half of 2012, PPI has continued to decline and the CPI index has remained low. Therefore, we must guard against deflation risks. The deflationary pressure is different from what it used to be. Although it is also affected by the shortage of exports, it is more the result of the "three phase superposition". It is the result of too much reliance on investment to stimulate economic growth. It is a concentrated outbreak of accumulated contradictions in the irrational economic structure. It is also a problem that has to be solved after entering the "new normal".