On October 12th, 13th and 15th, Wen Jiabao, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, held three symposiums of industry association leaders, some local departments and business leaders, and experts and scholars in Zhongnanhai to listen to the current economic situation. Comments and suggestions. At the symposium, heads of industry associations such as logistics and procurement, machinery industry, mechanical and electrical import and export, textiles, steel, real estate, commerce, non-ferrous metals, etc., heads of local departments such as Jiangsu, Guangdong, Liaoning, Zhejiang, and Yiwu Small Commodity City , Huawei, The heads of Shanghai Volkswagen, China COSCO , Weiqiao Textile and other enterprises, as well as experts and scholars, proceed from their actual conditions, introduce the situation, judge the situation, and make recommendations. Wen Jiabao responded to their opinions one by one and exchanged in-depth discussions with them on specific issues. Wen Jiabao said that the economic situation in the third quarter should be said to be better. It is now safe to say that China’s economic growth has basically stabilized and there have been positive changes. As various policy measures are put in place, the Chinese economy will further stabilize. A series of positive signals emerged in the Chinese economy. Wen Jiabao said that in the process of steady growth, the structure of the primary, secondary and tertiary industries has been adjusted. Among them, the expansion of consumption is more obvious. From the current situation, it is still very important to continue to expand social consumption steadily. Regarding the foreign trade situation, Wen Jiabao said that the import and export in September was better than that in August, and the external market was not decided by us. The most important thing at present is to implement the policy measures to promote the steady growth of foreign trade. Wen Jiabao said that although the difficulties ahead are still not small, it is still possible to see the basic trend of current economic development. Whether it is economic growth, structural adjustment, or improvement of people's livelihood, there have been relatively good progress and even some turning points. From the various information transmitted by various industries, enterprises, local departments and other related parties, the current economy has undergone positive changes, and the economic growth rate has stabilized. We are confident that we will strive to achieve the economic and social development goals throughout the year. "Stable growth, restructuring" measures play a key role Wen Jiabao said that the most important factor in the steel industry is overcapacity, which has not fundamentally solved this problem since the international financial crisis. It is important to make up your mind to adjust the structure, mergers and acquisitions, and eliminate excess capacity. This road is early and early, and the key is to implement it. Wen Jiabao said that we have not adopted a large stimulus policy this year. Many companies are adjusting and perfecting their own structures, including product structures, in response to the current risks. In general, although traditional industries are more difficult, high-tech industries are better; heavy chemicals are more difficult, electromechanical and textiles are relatively better; industries are more difficult, and the situation of agriculture and services is better. Not only the structure of the first, second and third industries, but also the structure of domestic demand and external demand are changing in a good direction. Wen Jiabao said that we have a firm attitude toward steady growth and we have no hesitation in one day. First, speed up the progress of fiscal expenditures, guarantee key expenditures, and increase structural tax reductions. However, we have not exceeded the budget to adopt measures to stimulate the economy. Second, in terms of monetary policy, it played a countercyclical adjustment role and lowered the deposit reserve ratio and the deposit and loan benchmark interest rate twice. Some of the measures we have taken are combined with reforms. For example, expand the scope of business tax to VAT pilots, and strive to reduce double taxation; while adjusting interest rates, promote interest rate liberalization and expand the floating range of deposit and loan interest rates. In addition, 42 new implementation rules of 36 were introduced to encourage private investment; 314 administrative approval projects were cancelled and adjusted. These measures have played an important role in enhancing market confidence and promoting economic stability. I am confident that the annual target will be targeted at real estate regulation. Wen Jiabao said that real estate regulation has achieved initial results, but it is still unstable, and it is necessary to adhere to the policy of regulation. Today's regulation, including the scientific planning of the real estate industry, regulating the market order, and making the price return reasonably, are all aimed at promoting the long-term stability and sustainable development of the real estate industry. In the long run, the means of regulation still needs to be gradually improved, with more emphasis on market and legal means. Wen Jiabao said that the international financial crisis has entered its fifth year, and the deep-seated influence is still emerging. The external environment for our economic growth is still very serious, and it is very difficult to expand external demand. It is not difficult to make up for the shrinking of external demand. The current decline in corporate profits and the slowdown in fiscal revenue growth are relatively obvious, and the foundation for economic stability is not strong enough. In this regard, we must have a clear understanding, plan ahead and calmly respond. Wen Jiabao said that there is still one quarter left this year and the difficulties are not small. To do the next stage of economic work, first, we must strengthen our confidence. We are confident that we will work hard to achieve our economic and social development goals throughout the year. Second, every local, department, leading cadre, and entrepreneur must be motivated, motivated, and creative. Third, pay close attention to implementation. This year, a series of policies and measures to stabilize growth, adjust the structure, and benefit the people's livelihood have been introduced. Some have already been implemented, some have not yet been implemented, and some have not been implemented well enough. The implementation should be carefully checked. Fourth, we must promote reform. Combine the various policies and measures for stable growth with reform. Fifth, we must pay attention to improving the work of people's livelihood. "The economic situation this year has been difficult and tortuous. It is very difficult to get to today. The third quarter is very crucial. It is related to the realization of the economic and social development goals for the whole year. The domestic and international are very concerned about the trend of the Chinese economy. Correctly analyze and judge the current economy. The situation, it is necessary to do a good job in the fourth quarter and lay a good foundation for economic and social development next year. Please speak freely and talk about your views." On October 12th, 13th and 15th, the Standing Committee of the Political Bureau of the CPC Central Committee, Premier Wen Jiabao of the State Council held three forums in charge of industry associations, some local departments and business leaders, and experts and scholars in Zhongnanhai to listen to their opinions and suggestions on the current economic situation. At the symposium, heads of industry associations such as logistics and procurement, machinery industry, mechanical and electrical import and export, textiles, steel, real estate, commerce, non-ferrous metals, etc., heads of local departments such as Jiangsu, Guangdong, Liaoning, Zhejiang, and Yiwu Small Commodity City, Huawei, The heads of Shanghai Volkswagen, China COSCO, Weiqiao Textile and other enterprises, as well as experts and scholars, proceed from their actual conditions, introduce the situation, judge the situation, and make recommendations. Wen Jiabao responded to their opinions one by one and exchanged in-depth discussions with them on specific issues. Since the beginning of this year, the deep-seated impact of the international financial crisis has continued to emerge, and the downward pressure on China’s economy has increased. In the complicated and severe domestic and international economic environment, in accordance with the general tone of steady progress, especially since May, China has adopted a series of steady growth policies and measures in a timely manner. Judging from the situation reflected by the participants at the symposium, since the third quarter, especially since September, exports have gradually recovered, consumption has grown steadily, prices have risen sharply, employment has been good, and structural adjustment has taken new steps. Wen Jiabao said that the economic situation in the third quarter should be said to be better. It is now safe to say that China’s economic growth has basically stabilized and there have been positive changes. As various policy measures are put in place, the Chinese economy will further stabilize. The Chinese economy has a series of positive signals. The Purchasing Managers' Index (PMI) is the leading indicator of economic performance. At the symposium on the afternoon of the 12th, Cai Jin, China Federation of Logistics and Purchasing, brought the latest data for September. He said that from the current data, the manufacturing PMI was 49.8%, up 0.6 percentage points from the previous month. This is the first time since May. More importantly, the new orders index rebounded significantly, reaching 49.8%, up 1.1 percentage points from the previous month, the highest level since June. Inventory has continued to decline. There are new highlights in the consumer market. Yiwu China Commodity City jewelry, toys, handicrafts, daily hardware, socks, zippers and other superior products in the Chinese market accounted for more than 30% share, foreign trade exports accounted for 60% of the total turnover, commodities radiated more than 200 countries and regions, is China Commodities go to the world and world products enter China as a bridge. Zhejiang China Commodity City Group Jin Fangping said that from the analysis of Yiwu Small Commodity Index, since the downturn of the prosperity index in May, it has been rising since June, and it recovered the base period of 1000 points in September. In addition, the six major leading indicators, such as the confidence index, the price index, the benefit index, the order index, the variety expansion index, and the number of foreign visitors, continued to rise from August to September. Wang Yao, China Business Federation, said that the consumer goods market has maintained a good momentum of steady and rapid growth this year. In the first eight months, the total retail sales of consumer goods increased by 14.1% year-on-year. Since July, the consumer goods market has shown a trend of accelerated growth. He said: This year's "11" Golden Week has seen "spurt-type" consumption, and the sales of retail enterprises such as retail catering and other key enterprises have increased by 15% year-on-year. This is not an accident. This is closely related to the basically stable employment and the growth of the masses. At the same time, due to the strengthening of infrastructure in recent years, the increase in the mileage of high-speed rail and expressways and the gradual improvement of the airport have provided convenient conditions for travel. Wen Jiabao said that in the process of steady growth, the structure of the primary, secondary and tertiary industries has been adjusted. Among them, the expansion of consumption is more obvious. From the current situation, it is still very important to continue to expand social consumption steadily. Ocean transportation is a "barometer" for economic operations. Wei Jiafu, head of China Ocean Shipping (Group) Co., introduced the latest changes in the shipping industry. He said that although the COSCO Bulk Carrier is still losing money, the container fleet began to turn a profit in the third quarter. Guo Yuanqiang, Guangdong Provincial Department of Foreign Trade and Economic Cooperation, said that the main indicators of Guangdong's foreign trade development have maintained steady growth, and the effectiveness of transformation and upgrading has become more apparent. In September, imports, imports and imports hit a new high in a single month, and the growth rate of imports and exports reached 11.9%. Wen Jiabao said that the import and export in September was better than that in August, and the external market was not decided by us. The most important thing at present is to implement the policy measures to promote the steady growth of foreign trade. Liaoning Provincial Development and Reform Commission Wang Jindi said that since the beginning of this year, Liaoning's economic development has also encountered great difficulties. However, from the recent series of indicators, the economic growth rate is weakening, and the economic indicators are narrowing year-on-year. The decline in industrial electricity consumption in September narrowed by 2.5 percentage points from the previous month. At the symposium, we also brought other important economic data : in the first three quarters, the number of new jobs in urban areas was 1.02 million, and 114% of the annual target was completed; the consumer price index dropped significantly, and fell back to 1.9% in September; The investment has turned down, and the growth rate of investment funds has rebounded. In September, the export volume was US$186.35 billion, which rebounded to 9.9% year-on-year. The monthly export volume reached a record high, and grain production achieved “nine consecutive increasesâ€... Wen Jiabao said that despite The difficulties ahead are not small, but we can still see the basic trend of current economic development. Whether it is economic growth, structural adjustment, or improvement of people's livelihood, there have been relatively good progress and even some turning points. From the various information transmitted by various industries, enterprises, local departments and other related parties, the current economy has undergone positive changes, and the economic growth rate has stabilized. We are confident that we will strive to achieve the economic and social development goals throughout the year. At the symposium on "stable growth and restructuring" measures , some experts and scholars believe that in the complex domestic and international economic environment, China's major macroeconomic indicators have basically reached the expected goals, and the achievements are hard to come by. The series of steady growth and structural adjustment measures adopted by the central government played a key role. Yu Bin, director of the Development Research Center of the State Council, said that it is particularly commendable that in the ongoing economic downturn, we insisted that real estate regulation and control will not waver and actively resolve the risks of investment and financing platforms; vigorously promote structural adjustment, and the central and western regions will show rapid development momentum; In the case of increased pressure, a substantial increase in expenditures in the areas of people's livelihood and a series of structural tax cuts. Wang Xiaoqi of China Iron and Steel Association said that since October last year, the efficiency of the steel industry has continued to decline, and it is still in the most difficult period of history. Recently, the state has increased its policy of stabilizing growth. In the middle and late September, the market demand situation has improved, and steel prices have rebounded slightly. Wen Jiabao said that the most important factor in the steel industry is overcapacity, which has not fundamentally solved this problem since the international financial crisis. It is important to make up your mind to adjust the structure, mergers and acquisitions, and eliminate excess capacity. This road is early and early, and the key is to implement it. Cai Weici of the China Machinery Industry Federation said that the machinery industry is shifting from the previous high-speed growth to the medium-speed development period. At present, the export of industries with serious declines in construction machinery and machine tools is growing rapidly, and enterprises are striving for "the loss of the embankment within the embankment." The growth rate of private and small enterprises is much higher than the average growth rate of the industry, and technological transformation is generally valued. New changes have also taken place in the automotive industry. Zhang Hailiang of Shanghai Volkswagen Automotive said that the energy-saving car subsidy policy and the trade-in policy have boosted consumer confidence and stimulated market sales. In the first nine months, Shanghai Volkswagen achieved sales of nearly 1 million units, an increase of 10.4% year-on-year. Wen Jiabao said that we have not adopted a large stimulus policy this year. Many companies are adjusting and perfecting their own structures, including product structures, in response to the current risks. In general, although traditional industries are more difficult, high-tech industries are better; heavy chemicals are more difficult, electromechanical and textiles are relatively better; industries are more difficult, and the situation of agriculture and services is better. Not only the structure of the first, second and third industries, but also the structure of domestic demand and external demand are changing in a good direction. Chen Xingdong, chief economist of BNP Paribas (China) Co., Ltd., analyzed the reasons for the economic downturn and the policy effects of steady growth. Wen Jiabao said that we have a firm attitude toward steady growth and we have no hesitation in one day. First, speed up the progress of fiscal expenditures, guarantee key expenditures, and increase structural tax reductions. However, we have not exceeded the budget to adopt measures to stimulate the economy. Second, in terms of monetary policy, it played a countercyclical adjustment role and lowered the deposit reserve ratio and the deposit and loan benchmark interest rate twice. Some of the measures we have taken are combined with reforms. For example, expand the scope of business tax to VAT pilots, and strive to reduce double taxation; while adjusting interest rates, promote interest rate liberalization and expand the floating range of deposit and loan interest rates. In addition, 42 new implementation rules of 36 were introduced to encourage private investment; 314 administrative approval projects were cancelled and adjusted. These measures have played an important role in enhancing market confidence and promoting economic stability. I am confident that the goal of the whole year will be better and calmer. This is the premise of grasping the initiative of economic work. Zhu Zhongyi, China Real Estate Association, said that the current real estate regulation has achieved remarkable results. In September, the price increase of housing prices continued to narrow, and the decline in real estate investment narrowed. In the first nine months, 7.2 million new sets of affordable housing projects were completed, and 4.8 million sets were basically completed. The problem of completing the annual tasks is not big. He suggested that the regulatory measures be normalized and gradually linked to the medium and long-term system. Wen Jiabao said that real estate regulation has achieved initial results, but it is still unstable. It must adhere to the policy of regulation and control. Today's regulation, including the scientific planning of the real estate industry, regulating the market order, and making the price return reasonably, are all aimed at promoting the long-term stability and sustainable development of the real estate industry. In the long run, the means of regulation still needs to be gradually improved, with more emphasis on market and legal means. Zhang Hongxia of Weiqiao Textile Co., Ltd. reflects that since the beginning of this year, domestic and foreign demand in the textile market has been weak, and the price difference of cotton is relatively large. Domestic cotton prices are higher than the international market price of about 5,000 yuan/ton, and textile enterprises are more difficult. Wen Jiabao said that the issue you are talking about is very important. The Development and Reform Commission has taken some measures to recover the cotton from the farmers’ hands, increase the national reserves, and release some of the imports. At present, the international economic situation is uncertain and unstable. Lin Yifu, honorary dean of the National Development Research Institute of Peking University, said that we must have a long-term preparation for hard work. He also proposed to increase urban infrastructure investment and accelerate structural tax cuts. Zhejiang Province is one of the five major provinces with foreign trade exports exceeding 100 billion yuan. In the first nine months of this year, foreign trade exports increased by 3%, lower than the national average growth rate of 4.4 percentage points. Jin Yonghui, Zhejiang Provincial Department of Commerce, said that Zhejiang’s exports to the EU accounted for 26%. This year’s exports were affected by the European debt crisis. SMEs, especially private enterprises, are numerous and their ability to resist risks is relatively weak. Chen Zhenning, Jiangsu Provincial Development and Reform Commission, said that the cost of enterprises has increased significantly since the beginning of this year. In the first eight months of Jiangsu Province, the financial costs of industrial enterprises above designated size increased by about 30%, and the cost of labor increased by more than 10%. The pressure on some enterprises, especially small and medium-sized enterprises, to cope with the difficulties of financing and the high cost of financing still exists, and the level of corporate profits has generally declined. Wen Jiabao said that the international financial crisis has entered its fifth year, and the deep-seated influence is still emerging. The external environment for our economic growth is still very serious, and it is very difficult to expand external demand. It is not difficult to make up for the shrinking of external demand. The current decline in corporate profits and the slowdown in fiscal revenue growth are relatively obvious, and the foundation for economic stability is not strong enough. In this regard, we must have a clear understanding, plan ahead and calmly respond. Wen Jiabao said that there is still one quarter left this year and the difficulties are not small. To do the next stage of economic work, first, we must strengthen our confidence. We are confident that we will work hard to achieve our economic and social development goals throughout the year. Second, every local, department, leading cadre, and entrepreneur must be motivated, motivated, and creative. Third, pay close attention to implementation. This year, a series of policies and measures to stabilize growth, adjust the structure, and benefit the people's livelihood have been introduced. Some have already been implemented, some have not yet been implemented, and some have not been implemented well enough. The implementation should be carefully checked. Fourth, we must promote reform. Combine the various policies and measures for stable growth with reform. Fifth, we must pay attention to improving the work of people's livelihood. At the symposium, Chen Xingdong and other experts pointed out that the growth potential of China's economic supply and demand is still huge, and industrialization, urbanization, agricultural modernization, scientific and technological progress and total factor productivity have great potential. Relative to the global economy, China's available policy resources are still very rich, the key lies in the combination of macro-policy and the advancement of market-oriented reforms. Wen Jiabao said that the greater the difficulties and the greater the opportunities, the key lies in flexibility and structural adjustment. From the perspective of the country's overall strength and corporate development, we have the ability to deal with current risks. China is in an important period of strategic development opportunities, with a large population, unbalanced regional development, and great potential for domestic demand. We have confidence in the future of the Chinese economy. Vice Premier Li Keqiang, Hui Liangyu, Wang Qishan, State Councilor and Secretary-General of the State Council Ma Kai attended the symposium.
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