Will The Three Major Tasks Of The Supply Side Reform "Go To The Lower And Fill The Five" Take A Wrong Road?

This year, the "supply side structural reform" was put forward. Recently, the State Council put forward a series of measures for the central enterprises to lose weight and keep fit: reducing the existing capacity of steel and coal by about 10% of the central enterprises in 2 years, and disposing 345 "zombie enterprises" in 3 years. With the advance of supply side reform, " Three go for a drop and a patch. "Five major tasks related to macroeconomic regulation and control measures are increasing, some people began to think that this is the enhancement of the economic operation plan, the weakening of the market position, the supply side reform is the new round of" planned economy ".

In response, experts pointed out that the supply side reform and the "planned economy" of the main body is completely different, the two "Wind Horse and cattle are not compatible". It should be realized that the supply side reform will not take the "old road" of the planned economy, nor will it take the wrong path of letting go. Instead, it should give full play to the decisive role of the market in allocating resources and give full play to the role of the government.

　　 There are essential differences between the two.

The supply side reform is new. planned economy "Totally ignores the difference between the two subjects. Chen Xian, a professor at the Antai Institute of economics and management, Shanghai Jiao Tong University, said that the planned economy started from the production and supply side to arrange economic activities. On the surface, the supply side reform has some similarities, but the essence of the two is totally different. The main body of the planned economy is the government, and the structural reform of the supply side is to give full play to the role of the market.

General secretary Xi Jinping pointed out that to promote economic structural reform, we must adhere to the emancipation and development of social productive forces, adhere to the economic construction as the center and unswervingly adhere to the overall layout of the five in one. We must adhere to the direction of the reform of the socialist market economy, make the market play a decisive role in the allocation of resources, mobilize the enthusiasm of all sectors, give full play to the important role of entrepreneurs in promoting economic development, and give full play to the initiative, initiative and creativity of innovative talents and cadres at all levels.

"Under the planned economic system, the government is the main body of developing the economy, and the main function of the government is economic management. The main task of the government is to mobilize all manpower, material resources and financial resources into the economic construction by means of state-owned enterprises and fiscal revenue. At the same time, the government also undertakes the provision of public goods, such as education, culture, science and technology, medical treatment, social security, employment, housing for workers and so on. Li Jinzhong, director of Shanxi Institute of Fiscal Science, said.

"We must be aware that the supply side reform is not a" new planned economy ". Teng Tai, President of the Huambo Research Institute, said that the concept of supply side reform should be avoided and that it should be understood as a "new planned economy" so that the supply side reform can be truly promoted.

　　 Rely on market to optimize allocation

Experts point out that the most important reason for the slowdown in China's economy is that the supply side has been increasingly unable to adapt to changes in market demand. The contradictions and problems on the supply side have seriously affected the rational allocation and effective utilization of social resources.

To solve this problem, we can no longer rely on the means of administrative allocation. Gao Changwu, an associate research fellow at the Central Literature Research Office, said that too much reliance on administrative allocation resources has led to many distortions in the allocation of key elements. For example, enterprises' competition mechanism, such as "zombie enterprises", which have been suspended for a long time, halting production, losing money and losing their debts in a long period of time, rely on government subsidies and bank renewal loans to maintain and occupy and waste resources allocation. In terms of circulation system, due to too many rules and regulations in various industries and regions, transportation efficiency is low, logistics costs are high, and commodity prices are pushed up.

adopt Supply-side reform It is the best choice to improve the market mechanism and optimize the allocation of resources and resources through the market. Song Ning, director of the Huambo Research Institute, pointed out that the supply side reform focuses on stimulating the vitality of the market players, enabling all kinds of elements to enter and enter the market conveniently, create value freely and achieve value independently, thus forming an inexhaustible motive force for sustained economic growth.

　 Moderate macro-control is still needed.

It needs to be pointed out that the supply side reform will neither take the "old road" of the planned economy nor take the "wrong path" of laissez faire. Gao Changwu pointed out that although the market plays a decisive role in the allocation of resources, it does not play a full role, because the market is not omnipotent, and the market itself has the drawbacks of spontaneity, blindness and lagging, which will lead to the phenomenon of "market failure".

"In the supply side reform, the government must not be absent. The government should create a good economic environment for the supply side reform. This economic environment includes respect for the laws of the market and the decisive role of the market. At the same time, we must encourage enterprises to compete fairly, protect the legitimate rights and interests of enterprises, and remove obstacles for enterprises to enter some areas with administrative obstacles. There are still some areas where there are no obvious administrative restrictions, but there are still some hidden obstacles in the process of entry. Hou Yunchun, former deputy director of the development research center of the State Council, said.

Jia Kang, President of Huaxia new supply Economics Research Institute, pointed out that the supply side reform should combine effective market with promising and limited government to realize China's extraordinary modernization and catch up with it. We must respect and comply with the market, and the government plays a supplementary role. However, this role should be better played than the simple experience and simple experience of our simple use of the market economy. In the supply side reform, we have experienced the demand management experience in the past, and we must succeed in the face of a series of reform tasks.

Besides, in the process of supply side reform, the role of social forces should not be ignored. Dong Keyong, a professor at the school of public administration of Renmin University of China, thinks that in the field of social public goods such as old-age security, public health and environmental protection, it is often difficult for the government to directly provide efficient products and services. Because of the lack of market incentives for public interest in these areas, social forces deserve more attention.