Ningjizhe, director of the National Bureau of stat

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Ning Jizhe, director of the National Bureau of statistics, responded to the current hot economic issues in China: in the first half of the year, the profits of Industrial Enterprises above designated size increased by 17.2% year-on-year

at present, what is the situation of China's economic operation? What "changes" exist in "stability"? How to stabilize employment, finance, foreign trade, foreign investment, investment and expectation? Can the annual economic and social development goals be achieved

Ning Jizhe, deputy director of the national development and Reform Commission and director of the National Bureau of statistics, recently gave a detailed response to hot issues in China's economic operation

the characteristics of "stability" are more distinctive.

Ning Jizhe summarized the characteristics of the current "stability" of China's economy in three sentences: overall stability, progress in stability, and improvement in stability

generally stable, which is reflected in the stable performance of the four major macroeconomic indicators. The growth was stable. In the first half of the year, China's economy grew by 6.8% year-on-year, and remained stable in the range of 6.7% to 6.9% for 12 consecutive quarters; Employment was stable. The national urban survey unemployment rate was 5.1% in July, and continued to be stable at about 5%. From January to July, 8.8 million new urban jobs were created, achieving 80% of the annual employment growth target; Prices were stable. From January to July, the national consumer price index (CPI) rose by 2%, in a moderate range, and the producer price index (PPI) of industrial producers was stable at 4%; The international balance of payments remained stable, with a current account surplus from January to July, and foreign exchange reserves continued to increase

"from the perspective of the main indicators to measure the macro-economy, China's economy shows a distinctive stable characteristic." Ning Jizhe said

there is progress in stability, which is reflected in four aspects: first, the supply side structural reform continued to be promoted, and the main task of capacity removal was completed on schedule. In the first half of the year, the utilization rate of industrial capacity reached 76.7%, which is equivalent to that of developed countries; Deleveraging, destocking, cost reduction, and making up for weaknesses have all been effectively promoted

second, the three major battles are advancing in an orderly manner. Through efforts, the debt ratio of Chinese enterprises has continued to decline, the macro leverage ratio is basically stable, and significant progress has been made in preventing and resolving major risks; All poverty relief funds have been allocated and the implementation is good; Remarkable achievements have been made in preventing and controlling air pollution, water pollution and soil pollution

third, the reform in key areas has been further promoted. Further achievements have been made in the reform of deregulation and service, and it is more convenient for enterprises and residents to handle affairs. The reform of state-owned enterprises, key industries, and fiscal and financial reform have continued to advance in depth

fourth, opening to the outside world continued to expand. We will significantly relax market access for foreign investment and strengthen the standardized management of foreign investment. From January to July, import and export continued to maintain the growth momentum, and foreign investment rebounded significantly from last year

stable and positive, which can be seen from four aspects. The first is excellent structure. The service industry continues to grow faster than the secondary industry, and the tertiary industrial structure continues to be optimized; Consumption grows faster than investment, and the fundamental role of consumption in economic development is further strengthened; Within industry, the growth of manufacturing industry is faster than that of general industry; Within the service industry, the growth of modern service industry is faster than that of general service industry. From January to July, the information transmission, software and information technology service industry maintained a growth of more than 30%, and the leasing and business service industry maintained a growth of more than 10%

the second is good benefit. In the first half of the year, the profits of Industrial Enterprises above designated size increased by 17.2% year-on-year, and the profits of service enterprises above designated size increased by 22.6%. The improvement of enterprise efficiency led to the growth of fiscal revenue. From January to July, fiscal revenue increased by 10% year-on-year

third, environmental improvement. In the first seven months, the average proportion of excellent days in 338 prefecture level and above cities in China was 78.8%, an increase of 1.8 percentage points year-on-year, and the concentration of PM2.5 decreased by 8.9% year-on-year

fourth, increase residents' income. In the first half of the year, the per capita disposable income of urban and rural residents increased by 6.6% in real terms, outperforming the growth rate of per capita GDP of 6.2%; Various social security systems have been improved, and people's satisfaction has been continuously improved

rationally view the complex situation with changes in stability

Ning Jizhe said that the current international and domestic situation is very complicated, and there are changes in stability

change is first manifested in the more severe and complex international environment. He analyzed that in the past two years, the world economy has gradually recovered, and the economic growth rate of major economies has rebounded. However, since this year, the situation has risen again. Although the economic growth of the United States has maintained a certain speed, there are variables in the economic growth of Europe and Japan; In particular, unilateralism, trade and investment 5. Don't tamper with the components of equipment units. The rise of protectionism and the intensification of international economic and trade frictions have brought great variables to China's economic development

change also comes from the structural contradictions accumulated by domestic long-term development. Ning Jizhe said that since the beginning of this year, the contradictions and difficulties encountered in the transformation and upgrading have been great. In the process of China's economy turning to high-quality development and building a modern economic system, the original growth mode cannot adapt, resulting in some new contradictions and problems. On the other hand, the contradiction of unbalanced and insufficient development in China should be overcome with greater efforts. The imbalance in the central and western regions, the vast rural areas and low - and middle-income groups is still serious, and greater efforts should be made to solve it

"this needs to be regulated by comprehensive economic policies. While effectively expanding domestic demand, we should fully consider the requirements of improving economic quality and efficiency to ensure that the economic operation is maintained within a reasonable range and high-quality development is steadily promoted." Ning Jizhe said

six "stabilities" outline the policy priorities in the second half of the year

the Politburo meeting held at the end of July stressed the need to stabilize employment, finance, foreign trade and external trade. We can re analyze the curve, stabilize investment and stabilize expectations

Ning Jizhe said that in view of the new situation and new problems that have changed in stability, the central government proposed six "stabilities", which are highly targeted, and also represent the policy direction in the second half of the year

stable employment should be placed in a more prominent position. The current employment situation is generally stable, but under the influence of Sino US economic and trade frictions and the highlighting of domestic structural contradictions, employment is facing new pressures. "China's economy is highly integrated with the world economy. Although there have not been too many Sino US economic and trade frictions, which are directly reflected in the loss of employment, we should take precautions to prevent this from happening. We should do our work carefully and take targeted measures to support employment." Ning Jizhe said

stabilize finance. China's finance is highly market-oriented and very sensitive to economic changes and external impacts. We should put financial stability in an important position, adhere to a prudent monetary policy, control the general gate of money supply, and maintain reasonable and sufficient liquidity. "At present, China's financial market is generally stable, and the foreign exchange market, which is closely related to the financial market, is also stable." He emphasized

stabilizing foreign trade, changes in the international economic situation, especially Sino US economic and trade frictions, will have some impact on China's foreign trade. At present, China's foreign trade has maintained growth, but it cannot be taken lightly. We should guide enterprises to prepare, diversify and expand the world market, communicate closely with trade-related countries, promote the signing of free trade agreements, deal with the impact of Sino US economic and trade frictions, ensure the stable development of China's trade, and play its due role in the development of the national economy

stabilize foreign investment. In the face of trade and investment protectionism, China should unswervingly expand opening-up, attract foreign investment, and further implement a series of policies that have been issued to relax the access of foreign investment. We should not only introduce capital, but also introduce advanced technology, advanced management experience, effective business channels, talents, etc., and promote investment facilitation by improving the business environment

stabilizing new progress is an investment in control software, which is very important for China's economy at present. According to the data from January to July, the investment growth has declined, which is due to the low investment enthusiasm of enterprises, the insufficient source of government infrastructure investment funds, and the impact of China's long-term habit of imitating foreign products on investor confidence. At present, the investment in the short board field is obviously insufficient, so effective measures should be taken to implement the active fiscal policy; Further improve the investment environment and allow private capital to participate more in infrastructure construction; Promote the implementation of 165 major projects identified in the 13th five year plan as soon as possible

stable expectation is the reflection of economic life, and it also reacts on economic life. In the current complex international and domestic situation, we should strengthen confidence and maintain concentration. "We have the ability and conditions to do a good job in domestic economic work, respond to all possible changes in the world, and make China's economic development invincible." Ning Jizhe said

positive fundamentals have not changed

current investment, consumption and other indicators have fluctuated. Ning Jizhe said that generally speaking, the fluctuation is still within a reasonable range, but in the situation of stability and change, we should pay more attention to these fluctuations to prevent the fluctuation phenomenon from turning into a downward trend

he stressed that the fundamentals of China's current positive economy have not changed. First, the comprehensive comparative advantage of production factors has not changed and will exist for a long time

from the perspective of labor factors, China has more than 900 million labor resources, more than 700 million workers, and more than 170 million talents with higher education or professional skills. "The advantage of labor factors, China's biggest advantage, has not changed. It is changing from a demographic dividend to a talent dividend." Ning Jizhe said

after years of efforts, capital elements have changed from shortage to abundance; Land elements still have advantages; Some emerging elements such as science and technology and information are rapidly forming advantages. Under the condition of socialist market economy, China has more than 100 million market players, who can independently produce, operate and invest, and have strong adaptability; The government departments have sufficient macroeconomic policy toolbox and huge policy space. In particular, we should also emphasize that our market space is huge, the middle-income group continues to expand, the potential for domestic demand is sufficient, and there is a lot of room for economic manoeuvre

"over the past 40 years of reform and opening up, China has rich experience in dealing with various crises, which makes us full of confidence in the future of China's economy." Ning Jizhe stressed that under the situation of stability and change, and in accordance with the deployment of the CPC Central Committee and the State Council, targeted measures and precise policies, China can completely overcome the difficulties and problems in its progress, and has the confidence, ability and conditions to achieve the expected goals of economic and social development for the whole year

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