At this year’s National People’s Congress, the General Secretary of the Supreme Leader pointed out that as long as we implement the new development concept completely, accurately and comprehensively, accelerate the construction of a new development pattern, promote high-quality development, and accelerate the realization of scientific and technological self-reliance, we will certainly be able to continuously improve the competitiveness and sustainability of China’s development, seize the initiative and win the future in the increasingly fierce international competition. How to further promote high-quality development? The Economic Daily invited seven authoritative economists to interpret it.
Lin Yifu, member of the Standing Committee of Chinese People’s Political Consultative Conference and President of Peking University New jiegou Research Institute:
We have the ability to maintain a reasonable medium and high-speed growth.
Lin Yifu said that China is building a new development pattern with the domestic big cycle as the main body and the domestic and international double cycles promoting each other. The larger the domestic market, the stronger the ability to digest products.
Lin Yifu said that no matter how the outside world changes, as long as we keep our determination, do our own thing well, make good use of the advantages of the domestic big market, as well as the advantages of latecomers and overtaking in industrial upgrading and technological innovation, and unswervingly deepen reform and open wider to the outside world, China is fully capable of maintaining reasonable medium-and high-speed growth under the uncertain international environment, and bringing opportunities for the development of other countries, becoming the main force to promote world economic recovery.
Yang Weimin, member of the Standing Committee of Chinese People’s Political Consultative Conference and deputy director of Chinese People’s Political Consultative Conference Economic Commission:
Respond to risk challenges with strong manufacturing industry
Yang Weimin said that a strong manufacturing industry is the need to improve China’s competitiveness. The focus of the United States’ containment of China is innovation. The manufacturing industry is the carrier of hard technological innovation, and it is also the carrier of technological iteration and progress.
"This century epidemic has given us an important revelation, that is, to develop the economy, we must have a strong manufacturing industry." Yang Weimin said that under the external impact, we still maintained a certain economic growth rate, relying on the manufacturing industry. The epidemic has the greatest impact on the service industry, especially the face-to-face service industries such as restaurants and cinemas. If China does not have strong manufacturing capacity, it will be difficult to meet the demand when the international epidemic spreads, and it will be difficult to maintain the economic growth rate.
Hu Xiaolian, member of the Standing Committee of Chinese People’s Political Consultative Conference and Chairman of The Export-Import Bank of China:
Financial support for foreign trade industry is strong and solid.
Hu Xiaolian said that to support the development of foreign trade industry, export needs financial support not only in the last stage, but also depends more on the manufacturing capacity. Therefore, financial support should help foreign trade enterprises to strengthen their foundation, support foreign trade manufacturing enterprises to carry out scientific and technological research and development, technological transformation, equipment upgrading, etc., so that enterprises can better improve product quality.
Hu Xiaolian said, at the same time, we should pay attention to the financing support for the industrial chain of foreign trade production. In the upstream of large-scale backbone production enterprises, many enterprises will provide related parts and accessories, and credit support should be extended to the upstream enterprises to ensure a more stable industrial chain.
Li Daokui, member of the Standing Committee of Chinese People’s Political Consultative Conference and President of China Institute of Economic Thought and Practice, Tsinghua University:
New urbanization is an important growth point of China economy.
Li Daokui believes that the new growth point of China’s economy mainly comes from three aspects:
The first is new urbanization. New-type urbanization and the resulting economic and geographical redistribution are the most important growth points of China’s economy, and the cross-regional flow of population, resources and information has great development opportunities.
Followed by industrial upgrading. In the future, we can generate more high value-added products, such as high-performance chips and aircraft engines.
The third is a low-carbon economy. Low-carbon industry needs new investment to promote. We should promote the establishment of a unified national market for carbon emissions, and under the guidance of market mechanism, make low-carbon industries gradually replace high-carbon industries and create new growth points for low-carbon economy.
Member Chinese People’s Political Consultative Conference and President of China Academy of Fiscal Science Liu Shangxi:
This year’s fiscal policy focuses on "one reduction and one increase"
Liu Shangxi said that to promote high-quality economic development, a proactive fiscal policy should enhance efficiency. Macroscopically, a proactive fiscal policy should have a leverage effect and a leverage effect. At the micro level, enterprises should have a better sense of gain, stimulate the vitality of market players and have more endogenous motivation.
Liu Shangxi said that this year’s fiscal policy focuses on two aspects, on the one hand, tax rebate and tax reduction, and on the other hand, increasing expenditure intensity. This "one reduction and one increase", from a macro perspective, is conducive to stabilizing macroeconomic operation and preventing economic decline; From the microscopic point of view, it is conducive to opening up the national economy, stimulating the vitality of micro-subjects and further safeguarding people’s livelihood.
Zhang Lianqi, Member of the Standing Committee of Chinese People’s Political Consultative Conference and Vice President of China Taxation Society:
What is reduced is tax, and what is increased is confidence.
Zhang Lianqi said that at present, China’s economy is facing new downward pressure, and more than 150 million market players are the strength and resilience to stabilize the basic economy. In view of the difficulties encountered by market players, especially small and medium-sized enterprises, individual industrial and commercial households and manufacturing industries, taxes are reduced, confidence is increased, and an optimized business environment is increased. If you save the enterprise, you will save employment and people’s livelihood, and save hope.
Zhang Lianqi suggested that it is necessary to reduce the tax burden of enterprises, improve the profitability of enterprises, let enterprises "go into battle lightly" and enhance their ability to cope with risks; Encourage manufacturing enterprises to increase investment in R&D and innovation, attract more high-tech innovative talents, strengthen research on core technologies and common technologies, promote the engineering and industrialization of innovation achievements, and enhance core competitiveness.
Member Chinese People’s Political Consultative Conference and Dean of Tsinghua University Institute of Economics and Management Bai Zhongen:
Achieving the goal of double carbon requires more consumer participation.
Bai Zhongen said that in order to achieve the goal of "double carbon" more efficiently, the carbon emission trading market should play a greater role, allowing consumers to participate in the trading of carbon emission rights and more people to participate in the process of achieving the goal of "double carbon".
Bai Zhongen suggested that the emission quota should be distributed to consumers free of charge, and consumers should trade in the consumer market, and the power sector should buy it in the market. When the electricity price rises, because consumers get the emission quota, they can sell the quota to get a certain income, which can hedge the negative impact of consumers’ price increase, which can make the energy distribution more reasonable.