The Politburo Analyzes The Eight Major Economic Signals Pmitted By The Current Economic Situation In The Second Half Of The Year

Facing the downward pressure of the economy, the meeting pointed out that macroeconomic policies should be stable, micro policies should live, and social policies should be underestimated.

The meeting of the Political Bureau of the CPC Central Committee clearly urged that we should effectively promote structural adjustment, speed up the implementation of the innovation driven development strategy, promote public entrepreneurship and innovate all over the world, create a favorable market environment, and enhance the vitality of enterprises in the survival of the fittest and competition and cooperation.

According to the news, this year, facing the complicated international and domestic environment, economic work has made hard won achievements.

What is the general requirement for economic work in the second half?

What adjustments will be made? In July 30th, the Political Bureau of the Central Committee analyzed and studied the current economic situation and passed eight signals to do well in the second half of the year's economic work.

Signal 1: a noticeably escalated focus on risk.

How was the first half of the economy?

The central government's judgment is "economic growth is consistent with the expected target".

The judgement comes mainly from four aspects: first, the main economic indicators have picked up.

Second, structural adjustment continues to advance.

Third, the agricultural situation has continued to improve.

Fourth, the vitality of development has been enhanced.

Regarding the problems existing in the economic operation, the meeting held that "the downward pressure on the economy is still relatively large, some enterprises have difficulty in operation, and the structural contradictions in the lack of new impetus for economic growth and the weakening of the old motive force are still outstanding".

The conference highlighted the central attitude with two "high priority", "attaches great importance to coping with the downward pressure on the economy and attaches great importance to preventing and resolving systemic risks".

On how to deal with these problems, the meeting pointed out: "we must maintain strategic strength and make persistent efforts to promote the strategic adjustment of the economic structure. We must also establish a sense of crisis response and risk management and control, and timely detect and handle all kinds of contradictions and risks that may arise."

Signal 2: pay more attention to the real economy and enterprise competitiveness

What's going on in the second half of the year?

And foster excellent enterprises with core competitiveness as the starting point for formulating and implementing economic policies.

It can be seen that doing well in enterprises and catching up with the real economy is the real strength. It is the strong support for consolidating the foundation and strengthening the bottom line.

Signal 3: more emphasis on the quality and operability of economic policies.

This Politburo meeting stresses on the problem of lax and untruthful. We must speed up our pformation of work style and pay more attention to the economic work according to the requirements of "three strict and three realities".

It is necessary to "accurately analyze and thoroughly judge the trend of economic development, basic characteristics and various aspects of the impact, improve policy quality and operability, and do things well."

Signal 4: private capital will gain more room for development.

Facing the downward pressure of the economy, the meeting pointed out that macroeconomic policies should be stable, micro policies should live, and social policies should be underestimated.

How to "stabilize" the meeting further clarified two aspects: first, adhering to the active fiscal policy, not changing the tone, continuing to lighten the burden on enterprises, guiding and leveraging more private capital to increase investment; two, prudent monetary policy should be tighten up moderately, maintain reasonable liquidity and improve the ability and level of serving the real economy.

Guide consumption, investment and export to grow steadily.

But "stability" does not mean "no movement", but also to "increase orientation regulation on the basis of interval regulation and regulation, and adjust the fine tune in time".

Signal 5: continue to maintain the balance of the five major aspects.

The conference continued to stress the need to maintain steady growth, promote reform, adjust the structure, improve the people's livelihood and prevent risks comprehensively, mobilize the enthusiasm of all sectors, pay close attention to the implementation of the work, keep the economic operation in a reasonable range, and promote the sustained and healthy development of the economy and the overall social stability.

Signal 6: enterprises will have a better market environment.

The meeting also made it clear that "we should effectively promote structural adjustment, speed up the implementation of the innovation driven development strategy, promote public entrepreneurship and innovation, create a favorable market environment, and enhance the vitality of enterprises in the survival of the fittest and competition and cooperation."

In July 22nd, the State Council executive meeting also proposed the establishment of a "double random" mechanism for randomly selecting the inspected objects and randomly selecting inspectors. It is of great significance for overcoming "willful" inspections, implementing "sunshine", civilized law enforcement, encouraging market participants to abide by the law, creating a fair competition environment, and promoting public entrepreneurship and innovation.

Signal 7: three major areas of reform will focus on promoting

The meeting put forward that "we must rely on reform as the basic structure of adjustment, and continue to promote decentralization, decentralization, and optimization of services."

And further pointed out that we should "focus on promoting the reform of state-owned enterprises, taxation, finance and other institutional mechanisms."

It is foreseeable that the reform of state-owned enterprises, finance and taxation will accelerate in the second half of this year.

Signal 8: three categories of people will become "objects of special concern".

At the same time, the meeting stressed the importance of "strengthening the protection of people's livelihood, protecting employment and paying great attention to the work of helping the poor."

It embodies the inclination of policy towards key groups.