People'S Daily: Stabilize Macro Policy &Nbsp; Consolidate The Good Situation Of Economic Development.

This year is the implementation of "

Stabilizing policies, consolidating and developing a good situation (conscientiously doing a good job in the annual economic work Series) (1)

China's economy is at a critical stage from the good turn to steady growth. The macroeconomic regulation and control policy is also facing new challenges.

Taking stock of the 7 months that have passed this year, China's economy continues to move forward in response to the impact of the international financial crisis.

In the first half of this year, the economy achieved steady and rapid growth, and GDP grew by 11.1% over the same period last year. Industrial production, investment growth, money and credit supply fell at a high level, domestic consumption demand steadily increased, import and export trade picked up rapidly, and the general price level rose moderately.

While continuing to pick up again, new developments have also emerged in the economic operation.

The first is the slowdown in economic growth in the two quarter, the increase in industrial added value above scale and the increase in investment in fixed assets, which has brought some difficulties and pressures to the operation of enterprises.

The second is the frequent occurrence of extreme climate, which has increased the uncertainty of agricultural stable production and production.

In spring, Southwest China suffered a severe drought. Since the summer, floods have occurred in many areas since the summer.

Third, inflation expectations are still strong, and uncertain factors affecting price stability will increase.

Fourth, the task of energy saving and emission reduction is arduous and the growth of high energy consuming industries is increasing rapidly.

From the international environment, there are also many uncertainties and unstable factors.

Despite the slow recovery of the world economy, it is increasingly recognized that the seriousness of the impact of the international financial crisis and the twists and turns of economic recovery far exceed expectations.

While the effect of expansionary stimulus policies has gradually weakened, the driving force of economic growth has not yet been revealed.

Unemployment in major developed countries remains high and consumer confidence remains low.

The imbalance in the recovery process of the world's major economies has led to divergence in the economic policy orientation of various countries, making the global economic recovery somewhat uncertain.

The European sovereign debt crisis will not only directly affect the process of economic recovery in Europe, but will also drag on the world economy.

"Dilemma" increases, macroeconomic regulation meets new challenges

In the first half of this year, while continuing to implement the proactive fiscal policy and moderately loose monetary policy, aiming at the outstanding problems in the economic operation, the central government issued policies to regulate and control the real estate market, control the total volume and tempo of credit, clean up local financing platforms, save energy and reduce emissions, and cancel the export tax rebates for some commodities.

Taking inventory of this series of control measures, the central government's intentions are obvious: both focus on the current -- consolidate the achievements achieved in the international financial crisis and consider the long term -- unswervingly take the pace of structural adjustment and gradually lead the national economy into a sound and fast sustainable development road.

The new situation and new problems in the domestic and foreign economy have brought about a series of "dilemma" choices for macroeconomic regulation and control.

For example, in regulating real estate and stabilizing economic growth, we must curb the excessive growth of real estate prices and ensure the sustained and steady growth of the economy, and weaken the excessive dependence of economic growth on real estate. In the aspect of income distribution reform and enterprise development environment, we must adhere to the general direction of income distribution reform, gradually increase the income of workers, and consider the affordability of small and medium enterprises, and prevent the growth of production costs in a short period of time, which will affect the development of enterprises and affect employment. In terms of the price reform of resource products and the total level of controlling material prices, we should speed up the reform of the mechanism of resource price formation, use the market price signals to guide enterprises to save energy and reduce emissions, adjust the structure, and take into consideration the stability of the overall price level, and prevent the excessive price inflation from affecting the incomes of low-income people.

The causes of the dilemma are not only the new difficulties brought by the international financial crisis, but also the old problems accumulated over a long period of time in the economic system.

The interweaving of new and old contradictions and the interaction between domestic and international environment have added new difficulties to the regulation and control task of "ensuring growth, adjusting structure and managing inflation expectations" in the second half of the year.

We must stabilize the basic orientation of macroeconomic policy and consolidate and develop a good situation that is hard to come by.

This year is the last year of the implementation of the "11th Five-Year plan". It is of great significance for us to manage China's economic express in a complex environment and maintain steady growth of the national economy. It is of great significance for consolidating the effects achieved by the impact of the international financial crisis, completing the objectives and tasks of the "11th Five-Year plan" and laying a solid foundation for the development of the "12th Five-Year" period and even longer term development.

In the face of the uncertainty in economic operation, whether we are making great efforts to solve the long-standing institutional and structural contradictions or solve the outstanding problems in the current economic operation, we must proceed with the premise of steady and rapid economic development.

Therefore, macroeconomic regulation and control in the second half of the year should be "stable" in the first place: stabilize the basic orientation of macroeconomic policy, maintain financial and financial support for economic development, stabilize all aspects of expectations, enhance confidence in development, and prevent large fluctuations in economic growth.

At the same time, the work of changing the way and adjusting the structure can not be relaxed. We must continue to implement the various regulatory policies that have been introduced this year, so as to avoid releasing uncertain policy signals, promote the solution of deep-seated contradictions and problems, guard against and defuse potential risks, and promote steady and rapid economic development.

In the face of new situations and new problems in the economic operation at home and abroad, we must raise the level of macroeconomic regulation and control.

We should strengthen coordination and coordination of macroeconomic policies, optimize policy mix and give full play to the overall effect of various policies.

We must strengthen monitoring, promptly grasp the intensity, rhythm and key points of policy implementation according to the new changes, and effectively resolve and reduce the risks of economic operation.

It is necessary to distinguish priorities from overcoming policy effects, and consciously maintain the unity of regulation and control policies so as to prevent them from acting on their own.

Since the outbreak of the international financial crisis in 2008, China's economy has gone through waves. In 2009, it achieved the "V" reversal and took the lead in the world economy.

In the first half of this year, the national economy was in good shape, creating favorable conditions for the steady and rapid economic development throughout the year.

Now, four months from the end of this year, we must fully understand the complexity of the domestic and international economic environment, enhance our sense of urgency and urgency, and strengthen our confidence. We will continue to implement the principles and policies formulated by the Party Central Committee and the State Council, stabilize the macroeconomic regulation and control policy, and consolidate and develop a good situation that is hard to come by.