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China'S Future Macroeconomic Policy Will Not Change.

2016/10/30 20:12:00 61

China'S Macroeconomic And Economic Situation

The national development and Reform Commission convened an Expert Symposium on economic work in 2017, chaired by Xu Shaoshi, director of the NDRC.

According to the median forecast of 53 economists surveyed on 19-24 October, China's GDP growth (GDP) in the next two years will be 6.7% and 6.4%, respectively, higher than the previous forecast of 6.6% and 6.3%.

The meeting heard experts' views on the current domestic economic situation, economic work ideas in 2017 and policy recommendations for macroeconomic regulation and control.

But the experts did not disclose the contents of the meeting.

The meeting also indicates that major government departments are preparing for next year's economic research.

According to past practice, the central economic work conference held at the end of each year will clarify the economic policy ideas for the coming year, and before the meeting, the major macro management departments will conduct intensive visits and surveys.

Among them, the economy, industry, price, material protection, people's livelihood and employment, and the key areas of planned development next year are the contents of previous research.

In October, the price department of the national development and Reform Commission (NDRC) has studied the production, marketing and price of corn, soybean and cotton in Heilongjiang and Xinjiang respectively.

Hu Zucai, deputy director of the national development and Reform Commission, led a team to investigate the construction of Wuhan's national central city.

At present, with the release of macroeconomic data in the three quarter, the characteristics of economic stability, quality improvement and efficiency increase are more obvious.

A number of experts interviewed by the first financial reporter said that China's economy has now bottomed out steadily, with the acceleration of the supply side reform measures to the four quarter and next year.

economic situation

Look good.

Zhang Liqun, a researcher in the Department of macroeconomic research of the development research center of the State Council, said in an interview with the first financial reporter that the GDP growth figures in the first three quarters showed that the characteristics of the bottom of the Chinese economy have been shown. Compared with the past few years, the characteristics of the "steady" economic trend in the current year are more prominent.

Zhang Liqun said that the fundamentals of China's sustained and healthy economic development have not changed. Industrialization, information technology, urbanization and agricultural modernization are continuing to push forward.

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China's economy

From the perspective of fundamentals, development potential, development trend and macro regulation and control ability of the government, China's economy has the conditions to maintain steady growth.

Zhang Liqun predicted that the fourth quarter economic growth level will not be lower than the first three quarters, and the trend of bottoming and stabilizing will continue.

Real estate regulation will not affect economic growth. At present, real estate regulation is a structural adjustment, which is more effective in controlling the overheating of local real estate, but it will not affect the overall development momentum of real estate.

The continued decline in real estate inventories and the continuous increase of capital sources of real estate enterprises will support the steady growth of investment in real estate construction in the future.

From now until early next year, the first issue is to do well in the four quarter's economic work.

The Political Bureau of the CPC Central Committee held a meeting in October 28th to analyze and study the current economic situation and economic work.

Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.

The meeting pointed out that effective implementation should be effective.

fiscal policy

We must ensure that fiscal expenditure is reasonable and support for poverty-stricken areas and difficult provinces.

We must adhere to a prudent monetary policy, while maintaining a reasonable and abundant liquidity, while focusing on suppressing asset bubbles and guarding against economic and financial risks.

We need to implement the tasks of structural reform on the supply side and grasp the tasks of annual key reform.

Xu Hongcai, deputy chief economist of China International Economic Exchange Center, said that the main economic indicators are bright and stable.

Scale industrial added value growth is fast, PPI is also a historic breakthrough, the investment growth rate is stable, infrastructure investment growth accelerated, private capital investment has stabilized in the past two months.

He believes that the fourth quarter growth rate of GDP or 6.6%, the annual growth rate of GDP or 6.7%.

In the future, the trend of macroeconomic policy will not change. We will continue to implement prudent monetary policy and positive fiscal policy. Our economic structure is constantly optimized, and the market expects the acceleration of reform measures.


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