Xinhua News Agency, Beijing, April 17th Title: China’s economic aspects
Xinhua news agency reporter
On the 18th, the operation of the national economy in the first quarter of 2022 will be released soon. Under the background of increasing environmental complexity and uncertainty at home and abroad and frequent domestic epidemics, China’s economic trend has attracted much attention.
To observe the economy of a big country, we should not only look at the "shape" of data fluctuation and the "state" of market changes, but also look at the "reality" obtained by the people and grasp the "potential" of long-term development.
In view of the hot issues concerned by all parties, Xinhua News Agency reporters conducted many investigations and interviews, and made a panoramic observation of China’s economy from four aspects: book, market, human face and fundamentals.
On April 14th, workers were working in the workshop of Harbin Boiler Factory Co., Ltd. of Harbin Electric Power Group. Xinhua News Agency reporter Wang Jianwei photo
Look at the "book": what do you think of the overall economic situation under downward pressure?
"Book", that is, big data related to economic operation. To observe the economic operation, we should not only look at the national macro "book", but also take stock of the industry "book" and the enterprise "book".
From the perspective of economic growth, balance of payments and fiscal revenue and expenditure, there is a great downward pressure on the current economic operation, but the stable chassis is still solid.
According to the analysis of authoritative departments, China’s economy is generally operating in a reasonable range, and it is expected to achieve "opening the door steadily" in the first quarter, and the predicted economic growth rate is higher than that in the fourth quarter of last year.
In the first two months of this year, driven by a series of steady growth policies, the supply side and demand side of China’s economy warmed up from the pressure: the national fixed asset investment increased by 12.2%, the total retail sales of social consumer goods increased by 6.7%, the added value of industrial enterprises above designated size increased by 7.5%, and the total import and export of goods increased by 13.3%… … The main factors supporting economic growth have all recovered better than expected.
Since March, the unexpected outbreak of "cold spring" and the complicated evolution of the Ukrainian situation have impacted China’s stable economic recovery, and the market expectation has fluctuated greatly, and the growth trend of some major economic operation indicators such as consumption, employment, investment and industrial added value has been blocked, indicating that the economy is under pressure.
According to the disclosed data, the Purchasing Managers Index (PMI) of China’s manufacturing industry was 49.5% in March, down 0.7 percentage points from the previous month, below the critical point, and the overall prosperity level of the manufacturing industry declined; In March, the export growth rate declined, and the import growth rate dropped by 15.6 percentage points compared with the previous two months, showing the first year-on-year negative growth since September 2020.
"Supported by the data of the first two months, China’s economy remained within a reasonable range in the first quarter. Since March, uncertainties have increased, and it is more difficult for the economy to climb the hill. The overall data in the first quarter saw a smooth start. " Yang Zhiyong, vice president of the Institute of Finance and Economics of China Academy of Social Sciences, said.
At present, the triple pressures of demand contraction, supply shock and expected weakening faced by China’s economic development have not changed, some unfavorable factors are still evolving in a complicated way, and the new downward pressure is further increased, so we should fully understand the challenges.
China has set an economic growth target of around 5.5% this year. For an economy with a total amount of 114 trillion yuan, a 5.5% economic growth is equivalent to an increase of 7.4% five years ago and 10.5% ten years ago, which is equivalent to an increase of a medium-sized economy in one year. At the moment when the internal and external situation is undergoing new changes, there is hope and potential to achieve this goal, but greater and harder efforts are needed.
The balance of payments reflects a country’s influence on the world economy. Among them, foreign exchange reserves are related to the adequacy of international payment capacity, and trade volume is an important indicator of foreign economic and trade exchanges.
By the end of March, 2022, China’s foreign exchange reserves were US$ 3,188 billion, which remained stable on the whole. In the first quarter of this year, China’s import and export increased by 10.7% year-on-year, achieving a stable start with a high base and laying a good foundation for achieving the annual goal. As the world’s largest trading country, China’s total foreign trade of 39 trillion yuan in 2021 accounts for about one fifth of the world.
Finance is the "money bag" of the country. In the first two months of this year, the national general public budget revenue increased by 10.5% year-on-year, reflecting the sustained economic recovery; The general public budget expenditure increased by 7% year-on-year, and the expenditure on people’s livelihood and key areas was effectively guaranteed.
This year’s budgeted expenditure exceeds 26 trillion yuan. According to the analysis of relevant departments, fiscal revenue will maintain a steady growth momentum in the first quarter, and expenditure will be further increased to provide key support for stabilizing the economic market.
The world’s second largest economy, the largest industrial country and the largest foreign exchange reserve country … … Today’s China economy always attracts the world’s attention.
On January 14th, workers of a pharmaceutical company in Shijiazhuang, Hebei Province worked in the pharmaceutical production workshop. Xinhua News Agency reporter Yang Shizhen photo
"China has strong development resilience, great potential and sufficient stamina. The overall efficiency of the national economy has been significantly improved, and the integrity of domestic demand and the support of external demand have been enhanced. It has the ability and conditions to withstand downward pressure and risks, and it has the confidence to stabilize the macroeconomic market." Guo Liyan, director of the Comprehensive Situation Research Office of China Macroeconomic Research Institute, said.
Behind the country’s big "account" are industry fields, factories and workshops, and more market merchants and thousands of lights.
Thousands of industries converge into China’s economic sea. From the "book" of the industry, the performance of different industries is "uneven", and the overall stable situation has not changed.
From the 41 major categories that constitute China’s industries, according to the data of the National Bureau of Statistics, from January to February this year, 22 industries achieved year-on-year profit growth or loss reduction, among which 15 industries saw profit growth rate of more than 10%, and China’s economy remained strong.
Benefiting from the high international commodity prices, the profits of upstream industries such as energy and raw materials have risen sharply. After a round of market clearing, the shipbuilding industry ushered in an expansion cycle. From January to February, the main business income of 75 key monitoring shipping enterprises increased by 13.9% year-on-year.
The economy has accelerated its transformation, and high-tech industries and emerging industries have ushered in the spring of development. In the first two months of this year, the revenue from software business and information technology services increased by 11.6% and 13.1% respectively. New energy vehicles, integrated circuits, medical and health stations are on the air. In the first quarter, the production and sales of new energy vehicles increased by 1.4 times year-on-year.
Since March, the highly contagious Omicron mutant has spread rapidly to 30 provinces in China, and more than 320,000 cases of local infection have been reported … … The situation of epidemic prevention and control is severe and complicated, which also brings direct impact to many industries. Catering, retail, tourism, highway, waterway, railway transportation, civil aviation and other contact aggregation services are difficult to operate. China tourism academy estimated that in the first quarter, the number of domestic tourists and domestic tourism income were only 80% and 47% of the same period in 2019.
"In March this year alone, the province’s catering industry estimated a cumulative loss of tens of billions of yuan." Yu Xuerong, president of Jiangsu Catering Industry Association, said that the survey feedback of 417 enterprises showed that the catering revenue of star-rated hotels in the province dropped significantly, and some small catering enterprises had difficulties in surviving.
A stable enterprise leads to a stable economy. Enterprises are the cells of economic operation, and hundreds of millions of market players constitute the backbone of economic development. The key to the economic work requirement of "keeping the word steady, striving for progress in stability" is to see whether the market participants with more than 150 million households can stabilize their expectations and develop steadily.
On April 1st, the staff of Tianjin Heping District Taxation Bureau instructed taxpayers to carry out the operation of VAT credit and tax refund for small and micro enterprises. Xinhua news agency
From the "book" of enterprises, large enterprises, upstream enterprises and high-tech enterprises have better operating benefits; However, a large number of small and medium-sized enterprises and individual industrial and commercial households are facing great difficulties and cannot be ignored.
From January to February this year, the total operating income of state-owned and state-controlled enterprises nationwide increased by 14% year-on-year, and the total profit increased by 16.8% year-on-year. The 48 million small and medium-sized enterprises that have contributed 60% of the total economic output continue to maintain a high level of activity. In the first quarter, the import and export of private enterprises increased by 14.1% year-on-year, driving the growth of foreign trade by 6.6 percentage points.
Judging from more than 4,700 A-share listed companies, as of April 15th, a total of 1,795 listed companies disclosed the 2021 annual report, and nearly 90% of the companies achieved operating income growth, and about 70% achieved net profit growth. As of April 14th, among the 498 companies that have released the performance forecast for the first quarter of 2022, 387 expect net profit growth in the first quarter, of which 190 expect the largest increase in net profit to exceed 100%.
It is worth noting that the pressure faced by small and medium-sized enterprises is rising. In the first quarter, the development index of small and medium-sized enterprises in China dropped for four consecutive quarters. In some manufacturing enterprises, the cost of raw materials has risen, orders have flowed out, inventory pressure has increased, the number of blocking points in the supply chain of the industrial chain has increased, and cash flow has been tight. In the field of service industry, some small and medium-sized enterprises or individual industrial and commercial households are facing the shrinking consumer market, rising operating costs, rising labor rents, increasing epidemic prevention expenses, high platform commissions, and the problem of difficult financing is still outstanding.
Each market subject connects the economic lifeline with the urban-rural circulation, and it is related to people’s daily necessities, meals and four seasons. Under the current unexpected impact, China is lighting more policy "bonfires" to warm market players and stabilize development expectations.
The new combined tax and fee support policy was implemented, and the tax rebate for market players was about 2.5 trillion yuan; The financial system stepped up efforts to "transfusion" the economy, and new RMB loans in the first quarter reached a record high year-on-year; The amount of 3.65 trillion yuan of new local government special bonds for project construction has been issued, which will drive more social investment into infrastructure construction and play a key role in stabilizing the economy and employment.
Tourists shop at the duty-free shop in Haikou Riyue Plaza, Haikou City, Hainan Province (photo taken on February 3). Xinhua News Agency reporter Yang Guanyu photo
Xinhua News Agency reporters learned that various localities and departments are trying their best to study and introduce more targeted policies to stabilize growth. Experts suggest that it is necessary to ensure that the policies that have been introduced will be effective early, and at the same time, the policy toolbox should be adequately prepared and shot in time if necessary.
Comprehensive observation of China’s economic "book" — — Foreign trade remains stable and domestic demand needs to be boosted; High-tech industries are running faster, and the contact service industry is experiencing a "cold current"; The upstream industry is hot, and some downstream industries are cold; Some large enterprises have better benefits, and many small and medium-sized enterprises have increased pressure; The national finance is stable as a whole, and some grassroots financial pressures are great; The long-term positive fundamentals of China’s economy have not changed, but new challenges and risks are constantly emerging … …
This is China’s economy today: stability is the first priority, and progress is made while maintaining stability. The start was smooth, with bright spots and difficulties; There are hopes and difficulties. Opportunities and challenges are intertwined, and motivation and pressure coexist.
On February 8, workers packed "Ice Dun Dun" in the workshop of a licensed manufacturer in Qidong City, Jiangsu Province. Xinhua News Agency (photo by Xu Congjun)
Look at the "market": what is the vitality in the shock and fluctuation?
"Market" is a window to observe economic vitality.
Recently, the tourism situation in many cities in China, especially in first-tier cities, is chilling, some scenic spots are closed, cross-provincial team travel is suspended, and some travel agencies have difficulties in operating.
Stay at home, the heart is more yearning. According to a survey in china tourism academy, the willingness of urban and rural residents to travel in the next three months will be 86.33%, up by 2.14% year-on-year and 1.01% quarter-on-quarter. Dai Bin, president of china tourism academy, said that if the epidemic situation is fully controlled, the travel power accumulated in the past two years may bring an expected "spring" to the domestic tourism market.
At present, in order to cope with the impact of the epidemic, some parts of the country have pressed the "pause button", from the stability of industrial chain supply chain to material distribution, personnel exchanges, and then to market sentiment and consumption vitality. Under the situation of coordinating epidemic prevention and control and economic and social development, new changes have taken place.
Look at the "market" from the flow of people and look for the "warmth" of tenacity — —
On April 12, in a residential area in Songjiang District, Shanghai, medical staff conducted nucleic acid testing and sampling. Xinhua News Agency reporter Liu Ying photo
Since March, due to the frequent domestic epidemics, the momentum of consumption recovery has been blocked. When the environment is cold, the market shows different changes in temperature. In some cities, offline commerce is cold or interrupted, which has an impact on physical retail and catering services. The market predicts that domestic consumption may contract significantly in March.
Under the epidemic, the flow of people plummeted. Since March, the number of domestic civil aviation flights has been greatly reduced, even less than one-fifth of the same period last year, and some small and medium-sized private airlines have fallen into operational crisis; There are only about 3,000 passenger trains running on the national railways every day, which is less than 30% of the normal level. The domestic movie box office has fallen into a trough, and the single-day ticket sales of many cinemas are only single digits, and many cinemas have been forced to close down; Some individual industrial and commercial households report that business is slow, and some have to close down, but hard costs still need to be paid monthly … …
From the introduction of 43 policies by 14 departments to promote the recovery and development of difficult industries in the service industry, to the the State Council Inter-ministerial Joint Conference to further clarify the key points of reducing the burden on enterprises, and then to various local versions of relief measures, from tax reduction and fee reduction, financial support to rent reduction, platform commission reduction, and temporary closure for filing … … Since the beginning of the year, bail-out policies have been introduced intensively. The reporter learned that all localities and departments are stepping up research on more targeted supporting policies and speeding up the solution of "urgent needs" for relevant market players.
All kinds of market players are also trying to cope with the situation and make efforts to move forward in difficulties. In catering markets such as Hubu Lane in Wuhan and Guijie Street in Beijing, some restaurants are less popular, but there are long queues at stalls. Some local online celebrity stores have moved to "online" and extended markets; Some airlines try to save themselves by paying close attention to cost reduction and scientifically adjusting their capacity … …
The traditional offline market has suddenly cooled down, but the online market, sinking market and innovative consumption have continued to heat up.
On February 12th, in Yiwu, Zhejiang, the anchor introduced the opening of Yiwu China Commodity City to the buyers through live broadcast. Xinhua News Agency reporter Jianghan photo
In Yiwu International Trade City, Xiaoding, a 24-year-old salesman of a foreign trade company, is holding a selfie stick and pointing to various wall clocks to make an inquiry for Palestinian merchants on the other end of the phone. Affected by the epidemic, the scene of Yiwu market is no longer the same as before, but "cloud procurement" and "online scouring" are popular. In the first two months of this year, the total import and export value of Yiwu increased by 47.8% compared with the same period of last year.
The online shopping of Meituan, JD.COM, Hungry and other major platforms is hot. From January to February, the national online retail sales reached nearly 2 trillion yuan, with a year-on-year growth rate of over 10%. In the first quarter, the domestic sales of new energy vehicles exceeded one million; The amount of duty-free shopping in Hainan’s outlying islands increased by 8.4% year-on-year; The live broadcast of the Winter Olympics, the consumption of ice and snow, and online travel continue to be popular, and the commemorative goods around the Winter Olympics, represented by Bingdundun, are still selling well online … …
At Jizhou International Ski Resort in Tianjin, coaches and children practice skiing on the snowy road (photo taken on February 20). Xinhua News Agency reporter Sun Fanyue photo
Looking at the "market" from the perspective of people flow, during the epidemic prevention and control period, some consumption was suppressed, but consumer demand did not disappear. The transformation and upgrading of traditional consumption, the release of new consumption potential, and the strong "blood supplement" of online consumption … …
As the second largest consumer market and the largest trader of goods in the world, China will remain the key hub of the world economic cycle, and there are unlimited opportunities in the huge market.
Looking at the "market" from the price, there is pressure but the trend is stable — —
On April 15th, the retail price of gasoline and diesel was lowered for the first time this year. After the "seven consecutive rises", this news made many freight drivers slightly relieved.
Prices are related to people’s lives and reflect the warmth and coldness of consumption.
Since the beginning of this year, many economies around the world are facing severe inflationary pressures due to the volatility of the international situation. In March, the US CPI rose by 8.5% year-on-year, setting a new high in more than 40 years.
Compared with the constantly refreshing price increases in the United States and Europe, China’s CPI rose by 1.5% year-on-year in March, an increase of 0.6 percentage points over the previous month; CPI rose by 1.1% in the first quarter, maintaining a moderate upward trend.
Bloomberg commented that the food and energy prices in China have remained stable despite the short-term logistics difficulties. "China can teach the West a lesson on inflation."
Although the foundation of price stability is good, the pressure of imported inflation is rising, and the price situation attracts attention.
This is the scenery of selenium-enriched rice planting base in Longkou Village, Dahua Town, Dahua Yao Autonomous County, Guangxi (photo taken on April 8, drone photo). Xinhua News Agency reporter Zhang Ailin photo
Grain is the basis of prices, with one end connected to farmers and the other to citizens. Food supply is crucial. China’s grain output has remained above 1.3 trillion Jin for seven consecutive years, and the market supply is sufficient, but there is no room for any mistake in food security. At present, spring sowing in spring tube is being carried out in a large area from south to north. From the central government to the local government, we attach great importance to it, and on the premise of doing a good job in epidemic prevention and control, we will try our best to ensure that we do a good job in spring management and spring ploughing without missing the farming season.
By April 11th, 141 million mu of grain had been sown in spring, accounting for 15% of the intended area, with a progress of 0.9 percentage points faster than that of the previous year. Early rice has been planted 58.6% in China, with a progress of 5.2 percentage points faster than that of the same period last year.
Energy is related to the overall price level. Energy security affects the overall situation. On the whole, in the first quarter, the coal output continued to run at a high level and the price dropped steadily. The coal storage capacity of power plants nationwide was over 150 million tons, which was the highest level in the same period in history. Power supply is stable and orderly; The oil and gas supply is guaranteed, which strongly supports industrial production and ensures people’s livelihood needs.
China’s grain inventory is at a historical high, the area of vegetables in the field is increasing, and the price of meat is generally stable … … From the central government to the local government, guarding the "rice bag" and "vegetable basket" and ensuring the safe and stable supply of energy are the bottom line tasks, laying a solid foundation for ensuring the supply and price stability of important people’s livelihood commodities.
Look at the "market" from the perspective of logistics, and strive to ensure smooth flow in prevention and release — —
Just after a night’s rest in the car, Zhang Xiaoliang, a truck driver from Shandong Province, drove his car into Hangzhou Logistics Park and waited for the return of loading. More than 800 kilometers and more than 12 hours away, he is both familiar and full of unknowns. "There is indeed a lot of uncertainty about sports cars now."
Rising oil prices, reduced freight rates, and various restrictions on highways … … The living conditions of truck drivers and the poor supply caused by them have attracted much attention.
On April 15, in Qujing City, Yunnan Province, a gas station staff refueled the car. Xinhua News Agency (photo by Yang Junpeng)
Since March, the epidemic has spread in many places. In some areas, the cross-regional cargo transportation is not smooth, and the logistics efficiency is obviously reduced. According to the data of China Federation of Logistics and Purchasing, the prosperity index of China’s logistics industry in March this year has been at a historical low since March 2020.
Industrial products logistics accounts for about 90% of the total social logistics, and more than 90% of the whole process of production supply chain is in logistics.
Some automobile factories have announced that the whole vehicle will stop production due to supply chain reasons. Some car factory leaders said that due to the epidemic, some key parts suppliers used closed production to maintain their operation, but the shortage of manpower and the poor supply of upstream raw materials also made the related factories only maintain low production capacity.
The smooth and efficient air-rail port shipping, the free shuttle of large trucks on expressways, the free flow of delivery vehicles in streets and lanes, and the rapid delivery of the last mile are the arteries of China’s economic prosperity and development, and they are also the "lifeline" that people can’t leave for a moment.
It is urgent to let the policies that have been issued land as soon as possible, reconnect the supply chain breakpoints as soon as possible, let the trucks run and ensure the "lifeline" of logistics.
On April 13th, the staff checked the health code of the truck driver driving into Chuanhua Highway Port in Hangzhou. Xinhua News Agency reporter Jianghan photo
Grasping the dialectics of prevention and release, while doing a good job in epidemic prevention and control, it is particularly critical at present to ensure smooth logistics: publishing the national unified vehicle pass for key materials transportation, effectively ensuring the passage of key materials and postal express delivery, strengthening the service guarantee for employees, and optimizing the control measures for epidemic prevention … … Recently, a series of intensive deployment points to freight logistics to ensure smooth communication.
The situation has eased: the Yangtze River Delta Railway has opened up a green channel for inter-provincial transportation, and from March 30 to April 13, all kinds of materials delivered to Shanghai by railway have reached 1497 cars and 47386 tons; Set up convenient passages on relevant expressways to ensure the priority passage of important anti-epidemic materials for people’s livelihood and important production materials; Emergency connection points and unloading areas … …
A safe and efficient logistics system and huge transportation and logistics infrastructure are important pillars for China to form a competitive advantage in the global industrial chain.
On the premise of doing a good job in epidemic prevention, ensuring the smooth operation of China’s logistics system is of great significance to the domestic and international supply chain industry chain: in the first quarter, the national port cargo throughput and container throughput continued to grow steadily. The volume of goods delivered by national railways increased by 2.8% year-on-year. A total of 170,000 TEUs were sent by the rail-sea intermodal trains in the new western land-sea passage, up 56.5% year-on-year.
Look at the "market" from the perspective of capital flow, and keep the bottom line of "stability" in the shock and fluctuation — —
On April 15th, the People’s Bank of China announced that it would reduce the deposit reserve ratio of financial institutions and release about 530 billion yuan of long-term funds, which will help to maintain a reasonable and sufficient liquidity and enhance the stability of total credit growth.
In the first quarter of this year, new RMB loans reached a new high year-on-year, but the medium and long-term loans of all industries increased by 421.5 billion yuan less year-on-year. This means that some enterprises have weakened their willingness to invest in the medium and long term, and the demand for medium and long-term credit is not strong.
To stimulate the demand of market players, policies need to be put forward, the monetary policy toolbox is fully stocked, and positive incentive measures are introduced one after another:
Encourage large banks with high provision level to reduce the provision ratio in an orderly manner, create two special re-loans for scientific and technological innovation and universal pension, increase small re-loans for supporting agriculture, make good use of universal micro-loan support tools, and supplement the capital of small and medium-sized banks with special government bonds … …
"The profit prospects of large-scale technology enterprises in China are stable, and the potential for innovation and growth of enterprises should not be ignored." The British "Financial Times" recently issued a document saying that.
At present, overseas capital flows have attracted much attention. Affected by the China-Ukraine conflict and the Federal Reserve’s interest rate hike, the global financial market is in turmoil, and it is difficult for the Russian financial market to be immune to it. There was a net outflow of funds from China’s bond market and stock market, and investors were worried that the outflow of funds might become a long-term trend.
Concerns are reflected in the market: in March, overseas institutional investors reduced their holdings of RMB bonds by about 110 billion yuan, the largest monthly decline in recent years. Shanghai Composite Index and Shenzhen Component Index fell by 10.65% and 18.44% respectively in the first quarter, while China Stock Exchange and Hong Kong stocks fell sharply.
At the critical moment, the the State Council Financial Stability and Development Committee held a special meeting to face market concerns; Financial management departments have voiced their voices and launched relevant measures to stabilize market confidence.
In March, cross-border capital inflows generally rebounded, and supply and demand in the foreign exchange market were basically balanced. Compared with the euro, the Japanese yen and other non-US dollar currencies, the exchange rate against the US dollar hit a new low. At the end of March, the exchange rate of RMB against the US dollar appreciated by 0.5% compared with the end of 2021.
On April 7, the staff of the scenic spot performed in the Centennial Pear Garden in Shichuan Town, Gaolan County, Lanzhou City, Gansu Province. Affected by the epidemic, the scenic spot organized staff to broadcast live in the pear garden and invited people to "enjoy flowers in the cloud" to meet the public’s demand for flower viewing. Xinhua News Agency reporter Chen Bin photo
Look at "human face": can the bottom line of people’s livelihood be firmly grasped?
A group of economic "book" data, a "market" scene, will eventually be reflected in the "human face", which is the true embodiment of how much people feel.
Employment is the biggest livelihood project. When the downward pressure on the economy increases, the employment situation is facing a severe test — —
When the economy encounters challenges, it is the first to affect employment. There are about 16 million new laborers in cities and towns that need employment this year. Among them, there are 10.76 million college graduates, a record high. There are hundreds of millions of migrant workers who have to work to support their families, and many people need to be re-employed. The situation is grim and employment is not easy.
According to the reporter’s investigation, the demand for employment in some enterprises has shrunk, recruitment has slowed down, and even layoffs have occurred. Online recruitment agencies such as Zhaopin, Worry-Free Future and 58 City all reported that the employment situation was stable in the first two months, but the data in March turned down, which made the overall employment boom weak in the first quarter. The demand for recruitment in tourism, real estate, education and training, internet and other industries has dropped significantly, and the employment problems of key groups such as college graduates are outstanding.
Employment is connected with income, which is related to the life of every family. Ms. Chen, a clothing store clerk in a large shopping mall in Xi ‘an, said that due to the epidemic, the whole shopping mall was closed from time to time, and her income fell sharply with the passenger flow.
Stabilizing employment is the top priority of economic work. This year, the central government allocated 61.758 billion yuan of employment subsidy funds, an increase of 5.168 billion yuan over last year, and made efforts to support the goal of creating new jobs in cities and towns with more than 11 million people throughout the year in a stable market.
Grasp the key. Implement the policy of delaying payment of social security for poor industries such as catering, retail, tourism, civil aviation, highway, waterway and railway transportation; Significantly increase the proportion of unemployment insurance return for small and medium-sized enterprises, up to 90%; It is allowed to use another 4% of the unemployment insurance fund balance for skills training, and to issue a job-retention training subsidy to small and medium-sized enterprises in difficulty & HELIP; … "Real money and silver" benefits enterprises and steady employment.
Stay focused. Issue policies and measures to promote college graduates’ entrepreneurial employment, and deploy to provide 2 million high-quality employment opportunities for college graduates; Organize "Spring Breeze Action" to provide employment services for migrant workers and people out of poverty … … We will ensure the employment of key groups such as college graduates, migrant workers and retired military personnel, and make every effort to stabilize the employment market.
Expand space. Improve the flexible employment policy, and carry out pilot projects of occupational injury protection for employees in new employment forms in seven provinces such as Beijing and seven Internet head platform enterprises in travel and take-away industries, so as to solve the urgent needs of new employment forms and play the role of employment "reservoir".
The more difficulties we encounter, the more we must firmly grasp the bottom line of people’s livelihood and ensure that the people have a sense of gain and security — —
Since April 1st, Sichuan, Hunan, Fujian, Chongqing and other provinces have raised the minimum wage. According to this new policy, Ms. Shi, a cleaning worker in a manufacturing enterprise in Chengdu, Sichuan, will get a monthly salary increase of 320 yuan, overtime pay will also be increased, and the total monthly income will increase by nearly 500 yuan.
It is of great significance to the people, especially the low-income groups, to drum up the "money bag", protect the "medicine jar" and stabilize the "vegetable basket" The more special it is, the more it is necessary to effectively protect and improve the needs of people’s livelihood such as education, medical care, old-age care and child care, and solve the people’s livelihood problems that the people are generally concerned about.
In view of the urgent need, this year, the per capita financial subsidy standards for residents’ medical insurance and basic public health services will be raised in 30 yuan and 5 yuan respectively; The basic pension for retirees will usher in "18 consecutive rises"; The introduction of infant care expenses under 3 years old can be included in the special additional deduction of personal income tax according to the standard of 1000 yuan every month; Incorporate orthopedic consumables and dental implants that the masses are concerned about into centralized procurement to reduce the burden of medical treatment for the masses … …
In view of the temporary difficulties caused by the epidemic, we will continue to implement the phased expansion policy of unemployment insurance protection, and issue unemployment subsidies to the unemployed and temporary living allowances to unemployed migrant workers; For residents affected by the epidemic who can’t repay their mortgages on time, many banks, including the five major banks, can provide service support including delaying repayment time, extending loan term and adjusting bill plan … …
For special groups and people in difficulty, this year, 154.683 billion yuan of relief subsidy funds were arranged, an increase of 7.062 billion yuan over last year; Intensify efforts to ensure stable prices, and timely do a good job in urban and rural subsistence allowances, poor support, disabled people, children in distress and other relief work; Promote the number of migrant workers out of poverty to be no less than 30 million, and firmly hold the bottom line … …
The more difficult it is, the more we must strengthen our confidence and create a better tomorrow with our hands — —
Man is the most active factor in productivity and the fundamental force for development. Although there are difficulties and pressures in moving forward, relying on unity and struggle, facing broad development prospects, if everyone persists in their own small goals, the days will be even more promising.
When some overseas media played up that China’s epidemic prevention policy made the poverty-stricken population face the risk of returning to poverty, thousands of grassroots cadres in various places were already busy in the front line of preventing returning to poverty, promoting rural revitalization and promoting common prosperity.
At the east exit of Jilin Changchun Expressway, returning farmers boarded the returning bus line (photo taken on April 12). Xinhua news agency
Strengthen the dynamic monitoring and assistance to prevent poverty, maintain the continuous and stable microfinance policy, and support the development of temporary resettlement for public welfare posts … … Jilin Province issued 11 policies and measures to prevent and resolve the hidden risks faced by the poverty-stricken population to increase their income continuously and steadily. With the improvement of the epidemic situation, nearly 100,000 stranded farmers in Jilin have returned home to prepare for spring ploughing, trying to get back the lost time.
"We plan to reach 1024 qubits by 2025. Time is precious and we can’t waste every day." As the rotating chairman of Hefei Benyuan Quantum Computing Technology Co., Ltd., Kong Weicheng, a post-90s generation, and a team of more than 200 people stick to the front line of research and development day and night.
In the entertainment service industry, which is most affected by the epidemic, 140 of the 200 stores in Charm KTV have been closed. "Short ‘ Cold spring ’ It will eventually pass. " Wu Hai, the founder, said, "The key now is that the epidemic will be dynamically cleared as soon as possible. As long as the epidemic situation is under control, business will rebound in about a month and return to normal level quickly. This is why our stores have grown from dozens two years ago to 200 now. "
At this moment, countless medical staff, community cadres, party member, volunteers and courier brothers are busy day and night, and together with hundreds of millions of people, they have built a solid defense line against the epidemic in China.
Shanghai has gathered nearly 50,000 medical workers and the strength of nucleic acid detection, and the battle for epidemic prevention and control has achieved initial results. Earlier news showed that the epidemic spread index dropped from 2.27 at the beginning to 1.23, and the goal of realizing social zero clearing at an early date is getting closer and closer … … In areas where epidemic prevention and control are stable and controllable, a number of key projects have been stepped up.
On February 16th, at BMW Brilliance Shenyang Tiexi Factory, vehicles in production passed through the office area. Xinhua News Agency reporter Yang Qing photo
Look at the "fundamentals": the situation is complex and changeable. Will the long-term development trend change?
On April 14th, the day after the "restart" in Shenyang, BMW Brilliance released a heavy news, and the product upgrade project of Dadong Factory officially opened.
At the end of March, BMW Group announced the launch of a new BMW X5 model in China market. In February, this multinational company increased its shareholding in BMW Brilliance from 50% to 75% by increasing its capital by 27.9 billion RMB, and extended the cooperation period with its partners in China to 2040.
It’s not just BMW that is bullish on China.
Hershey, a German technology company, is stepping up efforts to promote nearly 10 projects with a total investment of about 200 million US dollars in China this year. Ai Zhouping, president of the company’s Greater China region, said that although the epidemic containment management will have an impact on the short-term production and operation activities of enterprises, it is confident to overcome the epidemic and achieve sustainable development.
Investment usually considers medium and long-term factors. Whether it is continuous capital increase or brand-new layout, the trend of foreign investment reveals their firm confidence in China’s long-term economic fundamentals.
On the basis of attracting foreign investment for the first time exceeding 1 trillion yuan last year, in the first quarter of this year, the actual use of foreign investment in China was 379.87 billion yuan, achieving a high growth rate of 25.6% year-on-year. In the same period, the actual use of foreign capital in eastern, central and western China increased by 23.4%, 60.7% and 21.9% respectively. There are 21 provinces (autonomous regions and municipalities) in China that actually use foreign capital to achieve double-digit growth. The comprehensive and balanced situation of attracting foreign investment proves that global capital is optimistic about the China market for a long time.
Today’s China is an economic power with a population of over 1.4 billion, a middle-income group of over 400 million and a super-large market with a per capita GDP of over 10,000 US dollars — —
On April 15th, the 131st China Import and Export Fair opened online, attracting about 25,500 exhibitors from home and abroad and buyers from more than 220 countries and regions to participate online.
At this year’s Canton Fair, more than 2.9 million exhibits were unveiled, including 900,000 new products and 480,000 green and low-carbon exhibits, all of which reached record highs.
With the Canton Fair as the observation window, the charm of the world market and the world factory is undiminished.
On April 15th, the 131st China Import and Export Fair opened online. In Hongze District, Huai ‘an City, Jiangsu Province, the staff of a ceramic enterprise introduced the products live in the exhibition hall. Xinhua News Agency (photo by Zhao Qirui)
With becoming the largest trading country of goods, China has been the largest online retail market in the world for many years. China imports about $2.5 trillion in goods and services every year, making it a major trading partner of more than 120 countries and regions around the world.
"Promote the quality and expansion of education and training, medical and health care, old-age care, cultural tourism and sports", "Cultivate new consumption, develop information consumption, digital consumption and green consumption, and encourage the development of new models and new formats such as customization, experience, intelligence and fashion consumption" … … The "14th Five-Year Plan" and the outline of the long-term goal in 2035 outline a bright future for the super-large-scale market.
On April 10th, "Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of a National Unified Market" was released, proposing to accelerate the construction of a national unified market with high efficiency, standardization, fair competition and full opening, and comprehensively promote the transformation of China’s market from large to strong.
Continue to deepen the supply-side structural reform, firmly implement the strategy of expanding domestic demand, the new urbanization and rural revitalization resonate at the same frequency, the country’s major regional strategy is deepened, and domestic and international markets interact … … The potential of the super-large-scale market has been continuously released, and the new development pattern has been accelerated, which has stimulated strong and lasting growth momentum.
Today’s China is an economic power with complete industrial system, perfect infrastructure and continuous release of innovation kinetic energy — —
In an automobile transmission manufacturing enterprise in Chongqing, technical drawings are directly transmitted to the supplier’s production line; In Xinyuan Coal Mine in Shanxi, the underground 5G network developed by Huawei and China Mobile remotely controls the tunneling equipment in the deep underground; Doctors in Beijing consult patients in Ningxia through intelligent medical platform … …
In today’s China, the potential of data, technology and other factors is constantly being released. In 2020, the added value of core industries of digital economy in China will account for 7.8% of GDP, and this proportion is expected to increase to 10% by 2025. In 2021, the comprehensive ranking of China’s national innovation capacity rose to 12th place in the world.
The cultivation of new factor advantages has been accelerated, and the comparative advantages of traditional factors have existed for a long time.
On February 25th, Wanli Administration of Nanchang City, Jiangxi Province launched the offline recruitment activity of "Spring Breeze Action". This is a job seeker communicating at the job fair. Xinhua News Agency reporter Vientiane photo
From the perspective of labor factors, China has a working-age population of 880 million, with an average age of 38.8 years; There are more than 218 million people with college education, and the demographic dividend still exists. After years of hard work, capital elements have changed from shortage to abundance, and land elements still have advantages. In 2021, the total social R&D investment reached 2.79 trillion yuan, equivalent to the total economic output of Chongqing, and the ratio to GDP exceeded 2.4%.
This is a manufacturing country with all industrial categories in the United Nations industrial classification, which can manufacture most industrial products in the world, and the output of more than 220 industrial products ranks first in the world.
This is a "mobile China" with the world’s largest high-speed railway network and expressway network, a world-class port group and more than 240 civil transport airports, which are interconnected and interconnected;
This is a "digital China" &hellip, which has built the world’s largest 5G independent networking network and the world’s largest optical fiber network, and the industrial Internet has been accelerated; …
Since entering the China market in 1985, Intel has shared the great opportunities brought by the development of China. "Perfect infrastructure, complete industrial chain, a large number of skilled industrial talents, the government’s strong support for innovation, and the enthusiasm of China consumers for new technologies, products and services have further enhanced our confidence in developing in China." Yang Xu, former president of Intel Corporation in China, said.
Today’s China is an economic power with strong driving force of reform and opening up and continuous release of institutional advantages — —
The epidemic lasted for more than two years. In this arduous historical exam, China’s governance system and governance capacity withstood the "stress test":
In times of crisis, the institutional advantage of the CPC Central Committee’s centralized and unified leadership of the whole party and the people of all ethnic groups across the country to face difficulties and concentrate on doing great things has become the fundamental guarantee for building a majestic force to overcome difficulties together;
For more than two years, the CPC Central Committee with the Supreme Leader as the core United and led the people of the whole country to calmly cope with the changes in the past century and the epidemic in the century. Economic development and epidemic prevention and control maintained a leading position in the world, ensuring the lives of hundreds of millions of people, winning the tough battle against poverty as scheduled, building a well-off society in an all-round way, and achieving a good start in the 14 th Five-Year Plan … …
Michael Ryan, Executive Director of WHO’s Health Emergency Project, recently spoke highly of China’s prevention and control measures against the epidemic, believing that these measures have ensured extremely low morbidity, mortality and hospitalization rate, as well as the smooth operation of society and economy.
The century-long change is superimposed on the century-long epidemic, and the risk challenge is unprecedented. China responded to the pressure and challenges by comprehensively deepening reform and opening wider to the outside world.
Building a high-standard market system, deepening the reform of factor marketization, continuously relaxing foreign investment access, continuously optimizing the business environment, and strengthening the protection of property rights … … Adhere to and improve the basic socialist economic system, make the market play a decisive role in the allocation of resources, and better play the role of the government.
"Strong leadership of the Communist Party of China (CPC)", "remarkable advantages of Socialism with Chinese characteristics system", "solid foundation for sustained and rapid development and accumulation", "long-term and stable social environment" and "spiritual strength of self-confidence and self-improvement".
During the two sessions of the National People’s Congress in 2022, General Secretary of the Supreme Leader put forward and expounded the "five strategic advantages" that China still has in its development while making a major judgment on the "five necessary roads".
Adhering to the "Five Necessary Ways" and grasping the "Five Strategic Favorable Conditions", the fundamentals of China’s long-term economic improvement will not change, and the times and trends will always be on our side. (Reporter An Bei, Jiang Lin, Zhang Xinxin, Shen Cheng, Wu Yu, Wang Yuxiao, Yao Junfang)
