The meeting emphasized that restoring and expanding demand is the key to the sustained recovery and improvement of the current economy. Active fiscal policies need to be strengthened to improve efficiency, while prudent monetary policies need to be precise and powerful, forming a joint force to expand demand. Expanding demand has always been a strategic basis for driving the sustained enhancement of economic endogenous momentum. At present, it is necessary to fully implement the spirit of the Central Political Bureau meeting, promote the sustained rebound in consumption, play the guiding role of government investment and policy incentives, actively leverage policy synergy to restore and expand demand, inject greater impetus into the continuous improvement of economic operation, and effectively promote the achievement of qualitative and quantitative rational growth in the economy. At the meeting of the Central Political Bureau, it was pointed out that "economic development is showing a rebound and upward trend," and "the triple pressures of demand contraction, supply shock, and weakening expectations have been alleviated; But at the same time, it is also pointed out that "the current improvement in China's economic performance is mainly restorative, with weak endogenous momentum and insufficient demand". In response to the prominent contradiction of insufficient total demand, this meeting emphasized that restoring and expanding demand is the key to the sustained recovery and improvement of the current economy. The amount of demand directly affects economic growth and development. In the view of Yang Zhiyong, Vice President of the Institute of Financial Strategy at the Chinese Academy of Social Sciences, expanding demand will not only further promote the economic recovery, but also further enhance the endogenous driving force of the economy and promote long-term sustainable economic development. Optimize the structure of fiscal expenditure and better leverage the role of fiscal funds in "four, two, and a thousand catties" allocation. This year, the central budget has allocated 680 billion yuan of investment, an increase of 40 billion yuan. In the first quarter, various regions issued 1322.8 billion yuan of new special bonds for project construction; The prudent monetary policy focused on supporting the expansion of domestic demand, and ensured that the total social demand was strongly supported. In the first quarter, RMB loans increased by 10.6 trillion yuan, and the supply of broad money (M2) increased by 12.7% year on year... Since this year, the macro policy has made positive efforts in expanding demand. Li Chengjian, Director of the Second Research Office of the Macroeconomic Research Department of the Development Research Center of the State Council, said that this meeting pointed out that "active fiscal policies need to be strengthened and effective, and stable monetary policies need to be precise and powerful", maintaining policy continuity and stability, and emphasizing the effectiveness of macroeconomic policies; The meeting clearly stated that "forming a joint force to expand demand", highlighting contradictions, and strengthening the targeted and systematic nature of policies will provide strong support for further expanding demand. Taking multiple measures to promote a sustained rebound in consumption during the May Day holiday, there was a surge in passenger flow at airports and train stations; Popular scenic spots are crowded with people; Repeatedly recreating the lively scene of "waiting for food and queuing for check-in"... Driven by multiple factors, the familiar scene of hot consumption is accelerating its return. Since the beginning of this year, overall consumption has shown a recovery trend. According to data released by the National Bureau of Statistics, the total retail sales of consumer goods in the first quarter increased by 5.8% year-on-year, and the contribution rate of final consumer spending to economic growth reached 66.6%. At the same time, it should also be noted that residents' consumption willingness needs to be further improved, such as automobiles and household appliances
Edit： Responsible editor：
Source：
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email：lwxsd@liaowanghn.com
Recommended Reading Change it 
Home
