How will the macro policy work in 2023? The National Development and Reform Commission responds to economic hot spots

2023-01-19

The main economic data of 2022 were released recently. China's GDP exceeded 120 trillion yuan, up 3% year on year. How do you view the "report card" of China's economy in 2022? How will the macro policy work in 2023? Focusing on the hot issues of China's economic operation, the National Development and Reform Commission held a press conference on the 18th to respond. Jin Xiandong, a spokesman of the National Development and Reform Commission, said that China's economic operation in 2022 could be summarized as "increasing total volume, improving quality, strong resilience and good trend", taking into account the economic aggregate and structure, development and security, confidence and expectations. "Although the economic growth rate in the four quarters of 2022 has fluctuated, the overall trend has stabilized and improved." Jin Xiandong said that the recent rapid recovery in transportation, cultural tourism, catering and accommodation and other fields has significantly enhanced confidence in China's economic development at home and abroad. Yuan Da, Director of the National Economic Integration Department of the National Development and Reform Commission, said that the situation facing economic development in 2023 is still complex and severe, but the fundamentals of China's long-term economic improvement have not changed, and the positive factors driving the overall improvement of the economy have increased significantly. He has confidence, ability and conditions to promote the sustained recovery and overall improvement of China's economy, and achieve effective improvement in quality and reasonable growth in quantity. He said that focusing on promoting the overall improvement of economic operation, five aspects of work will be focused in 2023. First, better coordinate epidemic prevention and control and economic and social development to minimize the impact of the epidemic on the production and life of the people. Strengthen the construction of epidemic prevention capacity at the grass-roots level, ensure the medical treatment and medication of the masses, focus on the prevention and control of the elderly and the groups suffering from basic diseases, and ensure the smooth and orderly adjustment of epidemic prevention and control measures. The second is to organically combine the implementation of the strategy of expanding domestic demand with deepening the supply-side structural reform, comprehensively implement the strategic planning outline of expanding domestic demand and the implementation plan of the "14th Five-Year Plan", thoroughly implement the innovation-driven development strategy, accelerate the construction of a modern industrial system, do a good job in evaluating the consistency of various policies and macroeconomic policy orientations, and strengthen economic monitoring, forecasting, early warning and policy pre-research reserves, Constantly enrich the policy toolbox to cope with unexpected shocks. Third, we should coordinate development and security and effectively prevent and resolve major risks. Properly handle and resolve risks in real estate, finance, local government debt and other fields, and effectively strengthen security capacity building in food, energy resources, important industrial chain supply chain and other fields. Fourth, deepen reform and opening up and constantly stimulate the vitality of development. We will earnestly implement the "two unswerving principles", make greater efforts to attract and utilize foreign capital, and make greater efforts to promote the stability of the scale and optimization of the structure of foreign trade, so as to provide maximum convenience for international trade and investment negotiations. Fifth, we should strive to stabilize employment and prices, and ensure and improve people's livelihood. We will implement the policy of giving priority to employment, strengthen the stability of supply and price of important livelihood commodities, strengthen price supervision, strengthen basic public services, secure the bottom line of basic livelihood, and continue to improve the well-being of the people. New breakthroughs and progress have been made in reform and opening up. In 2022, China will make new achievements and breakthroughs in promoting reform in key areas and key links. Jin Xiandong introduced that focusing on cultivating high-quality market players, deepening the reform of state-owned enterprises and supporting the reform and development of private enterprises; Around the construction of high

Edit:Sun Hongli    Responsible editor:Tang Yuanqi

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