What do you think of the economic situation in the first quarter? How to expand domestic demand and strengthen confidence—— The National Development and Reform Commission's press conference responds to current economic hotspots

2023-04-20

According to data released by the National Bureau of Statistics on the 18th, China's GDP increased by 4.5% year-on-year in the first quarter of this year. How to view the economic situation in the first quarter? How to expand domestic demand and strengthen confidence? The National Development and Reform Commission held a press conference on the 19th to respond. China has achieved a rapid economic recovery, "said Meng Wei, spokesperson for the National Development and Reform Commission. In the first quarter, China's economic development achieved a good start. Against the backdrop of a significant slowdown in global economic growth and high inflation in major economies, China has achieved a rapid economic recovery, laying a solid foundation for achieving the annual economic and social development goals. She said that the main characteristics of economic operation in the first quarter were "demand expansion, supply recovery, and expected improvement". Domestic demand is gradually expanding, consumption is recovering rapidly, and investment is steadily increasing; The recovery of production supply is accelerating, and the contact aggregation service industry, which was greatly affected by the epidemic in the early stage, has experienced a strong recovery. The productive service industry has grown rapidly, and the industrial economy has grown steadily; Both production and demand continue to expand, and the market is expected to stabilize and improve. Meng Wei stated that the next step will be to firmly grasp the primary task of high-quality development, comprehensively implement policies to unleash the potential of domestic demand, promote the sustained recovery of consumption, unleash the potential of service consumption, effectively stimulate the vitality of private investment, and play the role of government investment guidance; Accelerate the construction of a modern industrial system, fight for key core technologies, and focus on promoting industrial upgrading and development; Further deepen reform and opening up, plan to implement a new round of state-owned enterprise reform, promote the development and growth of the private economy, stabilize the basic situation of foreign trade, and make greater efforts to attract and utilize foreign investment; Continuously ensuring and improving people's livelihoods, actively stabilizing and expanding employment, deepening environmental pollution prevention and control, and continuously enhancing the people's sense of gain, happiness, and security. On the basis of in-depth investigation and research, we will solidly carry out economic operation monitoring, situation analysis, and countermeasure research, timely introduce practical and effective policy measures, consolidate the momentum of expansion and promote the continuous overall improvement of economic operation. According to data on stabilizing and promoting consumption through multiple measures, the contribution rate of final consumer spending to economic growth reached 66.6% in the first quarter, a significant increase from last year's full year. The consumer market situation in the first quarter has started well, laying a solid foundation for the recovery and expansion of consumption throughout the year. Meng Wei said that the driving force for the sustained rebound in consumption still needs to be further boosted, and the next step will focus on "sustainability" and do a good job in four aspects. One is to promote the sustained recovery of consumption. Research and draft policy documents on restoring and expanding consumption, focusing on key areas such as stabilizing bulk consumption, improving service consumption, and expanding rural consumption. Develop targeted policy measures based on the needs of different income groups and consumer categories to promote stable consumption growth. The second is to make great efforts to stabilize automobile consumption. Accelerate the construction of charging stations and urban parking facilities, vigorously promote the introduction of new energy vehicles to rural areas, and encourage automobile companies to develop models that are more suitable for use in county and rural areas. At the same time, we will accelerate the implementation of pilot areas for comprehensive electrification of public sector vehicles. The third is to promote the improvement of consumption capacity. Optimize the mechanism for promoting a virtuous cycle of employment, income distribution, and consumption throughout the entire chain, strengthen employment priority policies, increase the income of urban and rural residents, and ensure the supply and price stability of basic consumer goods

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:XinhuaNet

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