-authoritative sources talk about the current economy of China.
This year is the decisive stage of building a well-off society in an all-round way and the first year of the "Thirteenth Five-Year Plan", and it is also a crucial year to promote structural reform on the supply side. In the first quarter, facing the complicated domestic and international situation, China achieved a good start in economic development, structural optimization and improvement of people's livelihood, and at the same time faced a series of deep-seated contradictions and problems. What do you think and do about China's adjusting economy? Recently, our reporter once again interviewed authoritative sources exclusively, taking the pulse for China's economic consultation.
1. What do you think of the economic situation?
■ The overall economic operation is in line with expectations, and some highlights are better than expected. However, the internal contradictions in economic operation have not been alleviated, and some new problems have exceeded expectations. It is difficult to describe it with such simple concepts as "getting a good start" and "Xiaoyangchun"
■ Comprehensive judgment shows that China's economic operation cannot be U-shaped, let alone V-shaped, but L-shaped. This L-shape is a stage, not a year or two.
■ "Take a step back" to "take two steps forward". China has great economic potential, strong resilience and great room for manoeuvre. Even if it is not exciting, the speed will not drop much.
■ Don't rejoice in the recovery of some economic indicators; Don't be alarmed if some economic indicators fall.
Q: In the first quarter of this year, China's GDP grew by 6.7% year-on-year, which was still within a reasonable range and better than market expectations. At the same time, other economic indicators have also picked up significantly. Some people think that China's economy has achieved a "good start", some people think that it has entered a "small spring", and some optimists think that China's economy has bottomed out and there will be a U-shaped reversal. Does this mean that the general trend of economic development has changed? What's your judgment on the short-term and medium-and long-term trend of China's economy?
Authority: Overall, the economic situation started smoothly this year. The overall situation of economic operation is in line with expectations, and some highlights are better than expected. However, the internal contradictions in economic operation have not been alleviated, and some new problems have exceeded expectations. Therefore, it is difficult to describe it with such simple concepts as "a good start" and "Xiaoyangchun". what do you think? Should we adhere to the two-point theory or look at it in combination with the development stage and international background.
Judging from the situation in the first quarter, the hope of stability has stabilized, and some even showed an unexpected rebound. In the first quarter, the GDP increased by 6.7%, the employment situation was generally stable, and the income of residents increased steadily. Economic and financial risks are generally controllable and the overall social situation is stable. The prices of some industrial products have rebounded, and the benefits of industrial enterprises have turned from falling to rising; Investment in fixed assets has accelerated, and new projects have increased substantially; The real estate market is booming in supply and marketing, and destocking has obviously accelerated.
We have also made new progress in areas we hope to advance. The proportion of service industry continues to increase, new models and formats are constantly emerging, some products with high added value and high technology content are growing rapidly, household consumption is constantly upgrading, domestic tourism is booming during the May Day holiday, and the Yangtze River Delta and Pearl River Delta regions actively adapt to the new normal, pay attention to demand analysis, pursue innovation and quality and efficiency, and enhance the stability of economic growth. In particular, the awareness of the importance of supply-side structural reform in various regions and departments has been continuously improved, and work has been actively carried out in accordance with the requirements of the central authorities, and the results are gradually emerging.
However, it is undeniable that the internal contradictions we are facing have not been fundamentally solved, and some new problems have also been exposed. The foundation of "stability" is still mainly based on the "old method", that is, investment-driven. In some areas, the pressure of fiscal balance is greater, and the probability of economic risks is rising. In particular, the investment of private enterprises has fallen sharply, and the risk points such as real estate bubble, overcapacity, non-performing loans, local debt, stock market, foreign exchange market, bond market and illegal fund-raising have increased. In some areas with low degree of marketization, low-end industries and single structure, the downward pressure on the economy is still increasing, the employment problem is outstanding, and social contradictions are intensifying. Therefore, when the principal contradiction is structural rather than cyclical, "progress" is the basis of "stability". "Advance" is to solve the structural and institutional problems of the supply side in economic operation, which takes time and is still in its infancy, and new impetus cannot take the lead.
Comprehensive judgment, China's economic operation can't be U-shaped, let alone V-shaped, but L-shaped.
I want to emphasize that this L-shape is a stage, not a year or two. In the next few years, it is difficult to fundamentally change the pattern of sluggish total demand and overcapacity. Once economic growth picks up, it is impossible to keep rising and achieve high growth for several years. "Taking a step back" means "taking two steps forward". We are full of confidence in the development prospects of China. China has great economic potential, strong resilience and great room for manoeuvre. Even if it is not stimulated, its speed will not drop much. In this regard, it must be internalized in the heart and externalized in the line. Don't be happy with the recovery of some economic indicators; Don't be alarmed if some economic indicators fall.
■ Differentiation is the necessity of economic development. Some resources began to look for new places, which led to innovation; Some are slow, still waiting in the same place, counting on when "Feng Shui is my turn"
■ Under the new normal, we need to optimize the allocation of resources, foster new impetus and form a new structure, which means that the earlier the differentiation, the better.
■ Regardless of regions, industries or enterprises, there are always some who benefit from the differentiation of the "28 Law" and stand out from the crowd with bright prospects.
Q: While the economy is picking up, we have also noticed that the current trend of economic differentiation is becoming more and more obvious, and the economic stabilization and recovery in the eastern coastal areas is strong. However, the economies of some resource-based provinces in the northeast and the midwest are still relatively difficult, and foreign forces call them "two worlds." What signal does this trend differentiation convey?
Authority: Differentiation is the necessity of economic development.
Under the condition of market economy, resources tend to be concentrated in high-yield areas, and there is a trend of industrial isomorphism. After a period of time, there will be overcapacity, excessive competition and excess profits will disappear. At this time, some resources began to look for new places, resulting in innovation; Some are slow, still waiting in the same place, counting on when "feng shui takes turns to come to my house". The differentiation trend of these two situations is due to the law.
Under the new normal, we need to optimize the allocation of resources, foster new impetus and form a new structure, which means that the earlier the differentiation, the better. No matter a region, an industry or an enterprise, there are always some people who have benefited from the differentiation of the "28 Law", stand out and have a bright future. Some of them have suffered, but they have also learned their lesson and know what to do next. I don't think this is a bad thing.
Since the reform and opening up, China's economy has begun to accelerate its differentiation. In this process, a number of dynamic regions, competitive industrial enterprises and well-known brands have emerged. After the international financial crisis, world economic differentiation accelerated, China entered a new normal, and domestic economic differentiation further intensified. Last year, when analyzing the economic situation in the first quarter, the central government pointed out that those who actively adapt to the new normal and attach importance to innovation and quality and efficiency have a better development trend; On the contrary, the pressure is relatively high. This year, this trend is still continuing, and even getting worse. It is indeed "a few happy families are worried". In the foreseeable future, in the process of economic differentiation, more vibrant and internationally competitive regions, industries and enterprises will emerge in China, but the life of some regions, industries and enterprises will become more and more difficult. It is better to work hard than to suffer. Now the cadres and masses in these areas, industries and enterprises are abandoning their illusions, relying on their own efforts, actively promoting reform and innovation, and striving to catch up.
Second, how to do macro-control?
■ To promote the healthy development of macro-economy, both supply-side and demand-side tactics should be used, but at different stages, the emphasis and intensity are different.
■ At present and in the future, the supply side is the main contradiction, and the structural reform of the supply side must be strengthened and must be the main direction. The demand side plays a role in creating an environment for solving major contradictions, and investment expansion can only be moderate, not excessive, and must not be exceeded, regardless of primary and secondary.
Q: Judging from the situation in the first quarter, the rebound of fixed asset investment has played a key leading role in stabilizing the economy. There is a view that short-term stimulus is still useful and effective and will continue to be used. What do you think of this? How to grasp the general tone and general idea of doing economic work well?
Authority: This is a question that everyone talks about a lot, and it is also a problem that the whole world is very concerned about. Whether we can grasp this problem well is related to both the immediate and the long term.
To promote the healthy development of macro-economy, both supply-side and demand-side strategies should be used, but at different stages, the emphasis and intensity are different. At present and in the future, the most important thing is to correctly understand the statement put forward by the central government that "while moderately expanding the total demand, efforts should be made to strengthen the supply-side structural reform", that is to say, the supply side is the main contradiction, and the supply-side structural reform must be strengthened and must be the main direction. The demand side plays a role in creating an environment for solving major contradictions, and investment expansion can only be moderate, not excessive, not beyond, regardless of primary and secondary.
To do a good job in economic work, we must conscientiously implement the spirit of the Fifth Plenary Session of the Eighteenth Central Committee of the Communist Party of China in accordance with the decision-making arrangements of the Central Economic Work Conference, firmly establish and implement the development concept of innovation, coordination, green, openness and enjoyment, adhere to the general tone of striving for progress while maintaining stability, and adhere to the general idea of "stable macro-policies, accurate industrial policies, flexible micro-policies, solid reform policies and social policies". At present, to implement the above new ideas, general tone and big ideas, macro policies should highlight three requirements:
First, moderately expand aggregate demand, adhere to a proactive fiscal policy and a prudent monetary policy, and pay attention to grasping the key points, rhythm and intensity.
Second, unswervingly focus on the supply-side structural reform, focus on correcting the mismatch between supply and demand structure and the distortion of factor allocation, and fully implement the five key tasks of "de-capacity, de-inventory, de-leverage, cost reduction and short-boarding".
Third, focus on guiding good development expectations and enhancing the confidence of all parties in economic development.
We should achieve "two guarantees" in our work:
The first is to ensure that the policies formulated by the central government are not out of shape or deformed. To comprehensively, accurately and faithfully implement the spirit of the Central Economic Work Conference, a sound monetary policy must be truly sound, a positive fiscal policy must be truly positive, and the main line of supply-side structural reform must be more prominent.
The second is to ensure that the policies of the central government take root. The central government has repeatedly stressed that one point is deployed and nine points are implemented. We should carry forward the spirit of nailing nails and truly implement this year's economic policy. Appropriately expanding aggregate demand and promoting supply-side structural reform have been widely recognized by all parties. Only by making solid progress can we solve the problems that restrict economic and social development and change the economic situation in a good direction.
■ Trees can't grow to the sky, and high leverage will inevitably bring high risks. If it is not well controlled, it will trigger a systemic financial crisis, lead to negative economic growth, and even make the savings of ordinary people disappear.
■ It is impossible and unnecessary to use leverage to force economic growth. The most dangerous thing is the unrealistic pursuit of "the best of both worlds", hoping that sugar cane will be sweet at both ends, and dare not make a decisive choice.
■ We have made clear the policy orientation of the stock market, foreign exchange market and property market, that is, returning to their respective functional orientation and respecting their respective development laws, which cannot be simply used as a means to maintain growth.
■ Maintain strategic strength, do more things to treat both the symptoms and the root causes, and avoid giving the economy a shot in the arm with the expansion of "flooding", which will cause the economy to get worse and worse after short-term excitement.
■ It is necessary to control the "degree" well, neither overcorrecting nor preventing the delay. Even if the direction is correct and the policy is appropriate, once the force is too strong, it will not only fail to achieve the expected goal, but also lead to risks.
Q: The report card of the first quarter shows that some problems are being solved, while others show signs. Economic work is faced with the complexity of "dilemma", "dilemma", "multiple causes for one fruit" and "multiple effects for one cause". So, where should the focus of macro-control be?
Authority: As the saying goes, "Every family has its own problems". It is normal that different countries have different difficulties and different periods have different difficulties. The problem lies in how to accurately judge the nature of the difficulty and take correct measures to solve it. Since the reform and opening up, we have been adhering to the concept of "as long as the spirit does not decline, the road is always more than the difficulties", facing the difficulties calmly, actively overcoming them, courageously breaking through obstacles, breaking the ice bit by bit, and growing year by year, step by step.
There are indeed some "dilemmas" or "dilemmas" at present. The most outstanding performance is that on the one hand, the economy is facing downward pressure, on the other hand, the real economy is highly leveraged. If you are eager to overcome the downward pressure, the leverage ratio will further increase. What should we do? Then we should analyze the essence of the problem in detail and see which problem is more critical.
The total labor force in China is decreasing year by year, and the industrial structure is being optimized and adjusted. Even if the economy is obviously declining, social employment can remain generally stable, and it is impossible for China's economy to decline much! Therefore, the central government has always stressed that heroes should not be discussed by growth rate. However, the problem of leverage is different. Trees can't grow to the sky, and high leverage will inevitably bring high risks. If it is not well controlled, it will trigger a systematic financial crisis, lead to negative economic growth and even destroy the savings of ordinary people, which will be fatal. With this comparison, we know where the focus of our work should be, and we also know that we can't and don't need to use leverage to push economic growth, and the "dilemma" becomes a "dilemma". The most dangerous thing is the unrealistic pursuit of "the best of both worlds", hoping that sugar cane will be sweet at both ends, and dare not make a decisive choice. For example, some countries have implemented stimulus policies for a long time and accumulated great bubbles. Therefore, in terms of policy choice, they either keep loose monetary policy and let prices soar, or tighten monetary policy to burst the bubble. That's the real dilemma, right or left!
According to this idea, we have made clear the policy orientation of stock market, foreign exchange market and property market, that is, returning to their respective functional orientation and respecting their respective development laws, which cannot be simply used as a means to maintain growth. The stock market should be based on restoring the financing function of the market, fully protecting the rights and interests of investors, giving full play to the regulatory role of the market mechanism, strengthening the construction of basic systems such as issuance, delisting and trading, earnestly strengthening market supervision, improving the quality of information disclosure, and severely cracking down on insider trading and stock price manipulation. On the basis of improving the autonomy of monetary policy, the foreign exchange market should give play to the automatic adjustment mechanism of international payments, and gradually form a flexible exchange rate operation mechanism based on market supply and demand while maintaining the basic stability of the exchange rate. The house is for people to live in, and this position cannot be deviated. We should "destock" people through urbanization, rather than adding leverage to "destock", and gradually improve the differentiated control policies with the central government as the macro and the local government as the main body.
To find the right focus, we must grasp two points in operation:
The first is to avoid short-term behavior. It will take a long time for the global economy to emerge from the international financial crisis. China's economy has entered a new normal, and structural adjustment is an unavoidable hurdle. It is a protracted war that has been fought for a long time. In this case, we must maintain our strategic strength, build up our confidence, make up our minds to overcome difficulties, be patient, do more things to treat both the symptoms and the root causes, and avoid giving the economy a shot in the arm by "flooding" expansion, which will cause the economy to get worse and worse after short-term excitement.
The second is to avoid inappropriateness. Whether it is demand policy or supply policy, whether it is fiscal policy, monetary policy or structural policy, whether it is development policy, reform policy or social policy, we must control the "degree" and not go too far. Even if the direction is correct and the policy is appropriate, once the force is too strong, it will not only fail to achieve the expected goal, but also lead to risks. For example, if we want to restore the normal operation of the real estate market and get rid of some inappropriate administrative means, but if we make great efforts to stimulate it, it will inevitably produce a bubble, and this lesson must be learned.
Third, how to push the supply-side structural reform?
■ Promoting supply-side structural reform is the main line of China's economic work at present and in the future. From a distance, it is also the "lifeline" for us to cross the middle income trap, and it is a war that we can't afford to lose.
■ At present, some schemes have basically taken shape. Next, the central government will also conduct special studies to promote implementation as soon as possible.
■ "Five Tasks" is a system design, and each task is very important. From the specific operation, the rice should be eaten bit by bit and the road should be walked step by step.
Q: The supply-side structural reform has been highly praised by the international community and has also attracted widespread attention from the domestic society. Has this reform formed a mature work plan? Judging from the economic operation in the first quarter, what are the key points and difficulties in promoting the supply-side structural reform in the next step?
Authoritative personage: The Central Committee has proposed that promoting supply-side structural reform is the main line of China's economic work at present and in the future. From a distance, it is also the "lifeline" for us to cross the middle income trap, and it is a war that we can't afford to lose. Globally, more and more countries realize that structural reform is the fundamental way out of the immediate predicament, but it needs to pay a price. Few politicians dare to really put the chronic disease of multi-party governance in western countries into action, and the result is "thinking" and "not doing". We have institutional advantages, so we must form a * * * understanding, make up our minds, move forward non-stop, do everything possible, and make achievements in a down-to-earth manner.
Since last year, the central government has comprehensively and profoundly expounded the supply-side structural reform from theoretical thinking to concrete practice, from top-level design, policy measures to the full chain deployment of key tasks. At the 12th meeting of the Central Financial and Economic Leading Group held in June 5438+ 10 this year, we specially studied the supply-side structural reform ideas and put forward "five clarifications", that is, to clarify what the current situation is, what the direction and purpose are, what to do, who to do and how to do it.
In accordance with such requirements, various departments of the central government are intensively conducting serious and detailed investigations and studies and formulating specific work plans. At present, some schemes have basically taken shape, with outstanding pertinence, clear policies and measures and strong operability. Next, the central government will also conduct special studies to promote implementation as soon as possible. At the same time, all localities have also taken the initiative to actively carry out their work. Guangdong, Chongqing, Jiangsu, Zhejiang, Shanxi and so on. The province's supply-side structural reform plan has been introduced one after another. Many enterprises have taken substantial steps to actively curb the impulse of blind expansion, shrink their fronts and highlight their main businesses, and some have changed from "reducing quantity and improving quality" to "Shuang Sheng in quantity and quality".
The five major tasks of supply-side structural reform are a system design, and each task is very important. Each task is interrelated and complementary, and all tasks should be balanced, dynamically optimized and actively promoted. From the specific operation point of view, the rice should be eaten bit by bit, and the road should be taken step by step. Each stage has different emphases. Since the beginning of the year, some policies have been introduced one after another. For example, the measures to reduce costs are constantly enriched, and the efforts to make up for shortcomings are constantly increasing. In the next paragraph, measures such as resolving excess capacity and disposing of "zombie enterprises" will also be further promoted. This work has a strong "subtraction" color, which inevitably involves people and money, that is, employment and debt issues, and the difficulty and requirements are relatively high.
■ Our aim is to reduce administrative intervention more and let the market mechanism play a more decisive role. However, "the one who tied the bell is the one who untied the bell", and reducing administrative intervention is inseparable from the government's self-revolution.
■ Don't tell me what to do in those areas where there is no administrative intervention and the market mechanism works better.
Q: Since the beginning of this year, de-capacity and de-inventory have begun to achieve initial results in some places, but administrative intervention has played an important role in it, causing some disputes, and even public opinion has questioned that "de-capacity" is "across the board", "apportionment" and "old planned economy". Is administrative means necessary in the process of supply-side structural reform? What should be the relationship between the government and the market?
Authority: The relationship between purpose and means should be clarified here. Our aim is to reduce administrative intervention more and let the market mechanism play a more decisive role. But how can we do this? "To solve the problem, one must tie the bell", and reducing administrative intervention is inseparable from the government's self-revolution. For example, can we simply rely on the market instead of relying on administrative orders to reduce subsidies for "zombie enterprises"?
Of course, in those areas where there is no administrative intervention and the market mechanism plays a better role, stop pointing fingers. For example, in the field of consumer goods, there is a high degree of marketization and sufficient competition, and the market can be cleared automatically. Whether they can go or not can be completely regulated by the market. In short, no matter what means are used, the ultimate goal is to effectively play the decisive role of the market in resource allocation and better play the role of the government. This is the key point that must be grasped to promote the supply-side structural reform.
To accomplish the "five major tasks", governments at all levels should take the initiative to set an example:
To reduce production capacity, all localities should clarify specific tasks and objectives and raise various thresholds such as environmental protection, energy consumption, quality, standards and safety, system construction and law enforcement; Disposal of "zombie enterprises", the "weaning" is "weaning", the loan is cut off, and the "infusion tube" and "ventilator" are resolutely unplugged.
De-leverage, don't flood at the macro level, break the rigid redemption in an orderly manner at the micro level, deal with illegal fund-raising and other chaos according to law, and effectively regulate the market order.
De-stocking needs to intensify the reform of household registration system, and establish and improve the supporting systems of finance, taxation and land for migrant workers entering cities.
To reduce costs, it is necessary to reduce the overall tax burden, cancel unreasonable charges and reduce administrative examination and approval.
To make up the shortcomings, we must pay attention to the accuracy of poverty alleviation, solidly promote scientific and technological innovation and ecological civilization construction, and improve the institutional mechanism of "where does the money come from and where to invest?"
■ In the short term, there may be a contradiction between steady growth and structural adjustment. The key to deal with the relationship between "stability" and "adjustment" is to grasp the "degree" and master the correct methodology, with deepening reform as the main starting point.
■ Short-term economic growth supported by excess capacity is not only unsustainable, but also more painful and painful than removing these capacities.
■ Addition, subtraction, multiplication and division. While removing inefficient production capacity, we should also increase effective supply and cultivate new kinetic energy for development.
■ The old ones don't go, and the new ones don't come. Quite a few areas, including some central and western regions, make people feel that "we have to look at each other in three days"
Q: At present, there are some doubts about de-capacity and de-leverage, which have certain conflicts with steady growth and will increase the downward pressure on the economy. What do you think of this problem? The market is clear, can it be well satisfied later?
Authority: The essence of this problem is how to deal with the short-term and long-term relationship.
In the long run, steady growth is consistent with structural adjustment, which is an important driving force and guarantee for sustainable economic growth. De-capacity and de-leverage are conducive to structural optimization and long-term healthy economic development. At this point, everyone has a strong knowledge. But in the short term, there may be contradictions between steady growth and structural adjustment. For example, de-capacity may affect GDP and fiscal revenue in some places, and de-leveraging will make some risks explicit. However, if you don't go, let alone long-term instability, the short-term effect will get worse and worse. There will be more and more "zombie enterprises" and debts will accumulate, which will aggravate financial risks. The key to deal with the relationship between "stability" and "adjustment" is to grasp the "degree" and master the correct methodology, with deepening reform as the main starting point.
It must be clear that short-term economic growth supported by excess capacity is not only unsustainable, but also more painful and painful than removing these capacities. For example, in some enterprises with overcapacity, losses have increased, wages in arrears have increased, banks are suffering, and employees are also suffering, and the more they delay, the more painful they are. What shall we do? It's better to have a short pain than a long pain. The "liquidation" of these enterprises can not only release scarce resources such as land and credit, but also enable employees of these enterprises to take up new posts and see new hopes after being included in social security and receiving training.
To promote the supply-side structural reform, we must make good use of addition, subtraction, multiplication and division. While eliminating inefficient production capacity, we should also increase effective supply and foster new impetus for development. This requires both determination and hard work and practical policies. Practice has proved that the old ones don't go and the new ones don't come. A considerable number of areas, including some central and western regions, have given birth to a lot of new impetus in this round of development, showing a vibrant scene, which makes people feel that "three days and two ends will sit up and take notice." However, the old contradictions and historical burdens in some places are heavy, and short-term adjustment is really difficult to achieve results. However, we must take a step forward. "It's better to retire and make a net than to go to the grave."
Fourth, what about expected management?
■ The key to stabilizing expectations is to stabilize policies and cannot be shaken.
■ Be good at policy communication, strengthen forward-looking guidance, improve transparency, reduce misreading space, correct mistakes in time, avoid rushing into a herd, and avoid "midnight"
■ Our achievements and shortcomings are all there. We should not exaggerate achievements, turn a blind eye to problems or even whitewash mistakes, otherwise it will dampen confidence and destroy expectations.
Q: In recent years, the expectation of economic development prospects is not very stable, and optimism and pessimism coexist. It can be seen that the in-depth study of the current economic situation and market behavior is not enough, and there is a phenomenon of "paranoia". In this case, how to see the essence through the phenomenon and guide the social psychological expectation?
Authority: Expectation is not out of nothing, nor is it irrelevant. It comes from reality and affects reality. Under the condition of socialist market economy, macro-control is essentially expected management. After the international financial crisis, the world economy has become more complex and changeable, and the expected uncertainty has increased. In this case, we should pay more attention to strengthening the expected guidance.
How to stabilize expectations? The key is to stabilize the policy.
First of all, the major policies cannot be shaken. The core is to adhere to the Socialism with Chinese characteristics system and the basic line of "one center and two basic points". The Central Committee has never changed this point, and has reiterated many times that the clearer the connotation, the more accurately all localities and departments should grasp it and implement it to the letter.
Secondly, macroeconomic policies cannot be shaken. The clearer the policy orientation of promoting supply-side structural reform, the stronger the implementation, and the better the market expectation. On the contrary, if we still take the old road of demand stimulus, the market will worry about hesitation and confusion.
Third, we should be good at policy communication, strengthen forward-looking guidance, improve transparency, clarify the purpose and significance of policies, reduce the space for misreading, correct deviations in time, avoid a surprise, and avoid "crowing at midnight".
Also, it is very important to improve the credibility of public opinion guidance. We must seek truth from facts and take a good measure. Our achievements and shortcomings are there, and proper positive publicity is necessary to guide expectations and boost confidence. However, we can't exaggerate our achievements, turn a blind eye to the problems, or even whitewash them, otherwise it will dampen confidence and destroy expectations. Opinions on different academic and professional issues should be allowed, and discussion should be encouraged from the professional level. The more the truth is debated, the clearer it becomes, and it also has a positive effect on stabilizing expectations.
■ It is necessary to be willing, daring, competent and capable, which requires giving full play to the enthusiasm, initiative and creativity of the three "key minorities".
■ Let entrepreneurs have both "continuous production" and "perseverance". Establish a "pro" and "honest" new political and business relationship, treat entrepreneurs as their own, and let them fully realize the equality of rights, opportunities and rules. In the implementation of some specific policies, don't just turn over old accounts to make entrepreneurs feel safe.
Q: In the current economic environment, the role of people is more important, especially the "three kinds of people", namely entrepreneurs, innovative talents and cadres at all levels. In your opinion, have the enthusiasm of these groups been stimulated? How to form a joint force to comprehensively promote supply-side structural reform?
Authority: Man is the most active factor in productivity. To adapt to and lead the new economic normal, we must not only be willing and dare to do it, but also have the ability and ability, which requires giving full play to the enthusiasm, initiative and creativity of entrepreneurs, innovative talents and cadres at all levels. Now promoting the structural reform of the supply side has given everyone a direction, a hope, higher and higher work enthusiasm, and more and more capable people, and the results will become more and more obvious. At the same time, we should also see that the phenomenon of incomprehension and inadaptability still exists, and a lot of work needs to be done to play the role of the above three "key minorities".
Entrepreneurs are the leading force to optimize the allocation of resources and improve the adaptability of the supply system. To promote the supply-side structural reform, it is urgent to give play to the innovative spirit of entrepreneurs, including the vast number of private entrepreneurs. The most important thing now is to protect property rights and intellectual property rights, so that entrepreneurs can have both "continuous production" and "perseverance". It is necessary to establish a "pro" and "honest" new political and business relationship, treat entrepreneurs as their own, and let them fully realize equal rights, equal opportunities and equal rules. In the implementation of some specific policies, don't just turn over old accounts to make entrepreneurs feel safe.