Cotton Industry: New Year'S First Black Reform Needs More Efforts

New year's day just passed, as the first working day of 2016, should be looking forward to the new year's new weather, but always the world is difficult to anticipate, this just does not want to come anything, just what to come, sometimes the market is so cruel.

First look at some data. In December, China's new manufacturing PMI 48.2 (formerly HSBC PMI) dropped 0.4 percentage points from the previous month.

On the shore, the renminbi fell by more than 140 points against the US dollar (CNY) in 47 minutes, expanding to 300 points in the day and 6.5257 now.

CNY or the biggest single day decline since the "new exchange reform" in August 12th.

Offshore renminbi (CNH) against the U.S. dollar also fell further below the 6.62 threshold.

Despite the implementation of the fusing mechanism from January 1, 2016, the Shanghai and Shenzhen 300 index dropped 5% in the first trading day of the new year, triggering the fusing mechanism, and suspending the two city stock for 15 minutes.

Before the fusing, the stock index fell 4.96%, the Shenzhen composite index fell 6.47%, and the gem fell 7.10%.

From the data and phenomenon, it seems that the Chinese economy is still hard to stabilize.

Coincidentally, in January 2nd, an exclusive authority said that under the current situation, the national economy can not achieve V rebound through short-term stimulation, and may experience a L growth stage.

We must adhere to the proactive fiscal policy and prudent monetary policy, but we need to adjust our priorities and efforts.

Positive fiscal policy should be strengthened; prudent monetary policy should be flexible and moderate.

The market changes should be adjusted to maintain a reasonable and abundant liquidity and a moderate increase in the total amount of social financing.

Although the author does not know who the authority of the people's daily visits is, it is doubtless that this authority will be more accurate in anticipation of China's economy in the 2016 and even in the future. It is a way that we can no longer stimulate, once again, to make the Chinese economy soft landing. Instead, it needs a more effective and long-term way to reform the mode of economic development, and with a certain degree of fiscal and monetary policies, it can truly and effectively promote the better and faster development of our economy.

But reform is no doubt difficult. Since the eighteen big years, it has been more than 3 years ago. The resolution in the third Plenary Session of the 18th CPC Central Committee has passed 2 years ago, but it has to be said that the progress made in the relevant reform is still slow.

Although the state has actively promoted "decentralization and decentralization" and minimized the government's intervention in normal economic activities, it has to be said that there are still many unknown boundaries between the government and the market.

The problem is not simply to rely on "decentralization" to successfully tackle the problem.

At present, the reform is still in a relatively easy part of the reform, for example, the camp changed to increase, for example, the abolition of some unnecessary administrative proof and other minor details.

And the reforms that are really needed may be more profound than these.

From the definition of reform alone, reform means partial or fundamental adjustment to the old production relations and superstructure.

The famous reforms are everywhere. Shang Yang reform, Wang Anshi reform, Meiji Restoration and so on are undoubtedly a radical reform of the old system. Since reform is bound to change and change the old ones, we can further liberate the productive forces.

Now, look at us.

Industry, but the whole whole.

From the perspective of industrial chain, there are still many things that should be changed but not changed.

In fact, not only is our industry, there are too many hidden rules in all walks of life, but more or less hinders the improvement of production efficiency and competitiveness. The fundamental problem is that the state's governance and management capacity is not modernized.

Our economy and market develop so fast that the development of the administrative system can not keep pace with the development of the administrative system, which leads to mismatch, dislocation or lack of administrative resources.

The eighteen big proposal is to put the system construction in a prominent position. We must continue to actively and steadily push forward the reform of the political system and develop a broader, more complete and more sound people's democracy.

We should give full play to the superiority of our socialist political system, and actively learn from the beneficial results of human political civilization, and never copy the western political system.

It is also fully illustrated that we must adopt the doctrine of "bringing in", which is neither a mechanic nor a unique one, but a combination of the desirable and referential aspects of China and the West so as to provide better impetus for the development of our country.

It can be seen that the central authorities attach great importance to the role of institutional building in economic development.

But many of our industries, departments or even local organizations do not have a deep understanding of the eighteen big ones. The spirit of the third Plenary Session of the 18th CPC Central Committee is still in the same way. We are still in the interest of our department, and the market is still paying for this irresponsible act.

There are clouds in the old saying. The world is full of great soup, and those who shun it will die.

We hope that the development of our industry can also grasp the trend of social development in time, reduce reefs and dangerous shoals, and really let our industry ships sail in full sail with the wind in the trend of development.

I also hope that our industry can develop more sense of collectivity and entirety, rather than fight alone, and plan for each other. Maybe we really think more about the other side, maybe we can get more goods.

I hope this new year's first black is just a wake-up call rather than a normalization.