Economy

More than 5.5% of the GDP growth target in 2023 in many regions, with full confidence in economic recovery

2023-01-09   

Recently, the two local sessions have been held. The transcripts for 2022 were released in many places, and the economic development goals for 2023 were determined. Among them, Jinan, Hefei and many other cities have set the GDP growth target of 2023 at more than 5.5%. "Judging from the 2023 economic development goals set by various localities, we are generally confident in economic recovery." Fu Yifu, a senior researcher of Starmap Financial Research Institute, said in an interview with the Securities Daily that for many first tier and new first tier cities, the economic strength is generally strong, the industrial foundation is more solid, and the growth momentum is relatively sufficient, so the growth goals are very promising. At the same time, local governments can also use financial means to promote the realization of economic growth goals. According to incomplete statistics, at least six cities, including Jinan, Qingdao and Changsha, have announced their GDP growth targets for 2023, which are 5.5% to 7%, as of January 8. Among them, Jinan put forward in the 2023 government work report that "the main expected goal of economic and social development is to increase GDP by more than 5.5%"; Qingdao proposed that the expected GDP growth target in 2023 is about 5.5%; It is estimated that the GDP of Hefei will increase by about 3.6% in 2022, the total economic output will exceed 1.2 trillion, and the growth target will be above 6.5% in 2023; Changsha is expected to increase the regional GDP by about 7% in 2023. "At present, the expected growth target issued by Jinan, Qingdao and other places remains between 5.5% and 7.0%, which shows that these cities are optimistic about economic recovery in the context of continuous optimization of epidemic prevention and control measures, and that all parties expect that the subsequent normalization of all industries and investment and consumption can be restored, promoting a greater rebound in economic growth." Liu Xiangdong, Vice Minister of Economic Research Department of China International Economic Exchange Center, accepted Securities Daily reporter said in an interview. The Central Economic Work Conference held in mid December 2022 pointed out that, "At present, the foundation for China's economic recovery is not yet firm. The triple pressures of shrinking demand, supply shocks and expected weakening are still large. The external environment is volatile, which has a deeper impact on China's economy. However, we should see that China's economy is resilient, has great potential and is full of vitality. The effects of various policies continue to show. Next year's economic operation is expected to pick up on the whole. We should strengthen our confidence in doing economic work well.". Fu Yifu believes that with the optimization and adjustment of epidemic prevention and control measures, all walks of life are returning to normal operation. Revitalizing the economy in 2023 has also become the top priority for all regions. Considering the low base effect in 2022, it is expected that China's economy will experience a strong rebound in 2023. Liu Xiangdong further said that by putting "stable growth" in a more prominent position and concentrating on economic construction, all regions will also strongly support the economic recovery. It is expected that local governments will continue to do a good job in supply side structural reform and expanding domestic demand, make good use of monetary, fiscal, industrial, science and technology, and social policies, strengthen the coordination of various policies, and promote the overall improvement of economic operation. Making good use of financial instruments to boost the economy,

Edit:wangwenting Responsible editor:xiaomai

Source:china.cn

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