Shanghai Week: The Strategy of Stability and Confidence in the Waves | Spirit | One Week
At the midpoint of the year, it is necessary to continue to pay attention to how the economy can overcome difficulties, stabilize, recover, and boost in wave like development and tortuous progress.
On July 24th, the Political Bureau of the Central Committee of the Communist Party of China held a meeting to analyze and study the current economic situation and deploy economic work for the second half of the year. The meeting pointed out that the current economic operation is facing new challenges such as insufficient domestic demand, operational difficulties for some enterprises, high risks and hidden dangers in key areas, and a complex and severe external environment. In the second half of the year, we will focus on expanding domestic demand, boosting confidence, and preventing risks, continuously promoting the continuous improvement of economic operation, the continuous enhancement of endogenous driving force, the continuous improvement of social expectations, and the continuous resolution of risks and hidden dangers.
At the previous non party symposium, it was also pointed out that the long-term fundamentals of China's economy have not changed. In response to the prominent contradictions and problems facing the current economic operation, we need to increase macroeconomic policy regulation, actively expand total demand, vigorously promote industrial optimization and upgrading, continue to deepen reform and expand high-level opening up, effectively prevent and resolve risks in key areas, effectively do a good job in ensuring and improving people's livelihoods, and promote the sustained recovery and improvement of the economy.
The Political Bureau meeting of the Communist Party of China Central Committee held on July 24th clearly pointed out that after a smooth transition in epidemic prevention and control, economic recovery is a process of wave like development and tortuous progress. As an economic center city, Shanghai also plays a role as a barometer to some extent.
Maintaining composure and confidence is undoubtedly the fundamental attitude towards dealing with waves. The meeting of the Standing Committee of the Municipal Party Committee clearly stated that the most important way to solve prominent problems in economic operation is to "do one's own things well". The specific response process emphasizes specificity and precision.
Problem orientation is reflected in accurately grasping and solving problems. The meeting pointed out the need to make precise efforts to promote consumption, consolidate investment growth momentum, accelerate industrial transformation and upgrading, and improve the quality of full employment. In several aspects, there are clear priorities for efforts.
If consumption is boosted, it is necessary to focus on solving the problems of insufficient social consumption and insufficient business passenger flow, and make efforts at multiple levels in the fields of tourism and business; At the same time, it is also necessary to stimulate the consumption potential of young people. In terms of investment, we need to accelerate the formation of the physical volume of private investment, consolidate the rapid growth momentum, and accelerate the reserve of projects for next year.
Against the backdrop of the successive introduction of important policies at the national level and significant adjustments in policy signals in some important areas, Shanghai should also accurately grasp policy orientation and fully leverage policy effects.
The meeting of the Standing Committee of the Municipal Party Committee pointed out that Shanghai should make full use of various policies, especially in promoting technological innovation and supporting the development of private enterprises. Among them, science and technology innovation investment is a bottleneck that needs to be focused on breaking through - the meeting clearly stated that Shanghai should guide the cultivation of long-term capital and patient capital, and science and technology innovation investment is the best long-term investment, which should be highly valued and special plans should be introduced to solve it.
In terms of optimizing the business environment, Shanghai also needs to take advantage of the new round of business environment assessments by the World Bank in the second half of the year to strive for greater institutional exploration space and build new advantages in the business environment.
At the same time, as a city carrying multiple major strategic missions, Shanghai's determination and confidence are largely reflected in serving the national strategy.
Last week, Li Qiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Premier of the State Council, conducted research on the construction of free trade pilot zones in Shanghai, calling for the vigorous implementation of the strategy to enhance free trade pilot zones, actively carrying out new explorations of high-level opening up to the outside world, and continuously making new breakthroughs and accumulating new experience.
During the research period, Li Qiang inspected the development and construction situation in the Lingang New Area and visited multiple domestic and foreign enterprises, emphasizing the need to actively promote deeper and broader opening-up to the outside world, and strive to make greater progress in building an open functional platform, industrial ecology, and business environment; And specifically pointed out the recent hot topic of cross-border data flow and management, hoping that Shanghai will actively explore and accumulate practical experience for the country to improve relevant systems.
At the symposium on the construction of free trade zones held in Shanghai, Li Qiang emphasized that the focus of "upgrading" should be on aligning with high standard international economic and trade rules, promoting institutional openness, and adhering to pilot projects. The focus should be on achieving higher levels of freedom and convenience in goods trade, leading innovative development in service trade, deepening reform and opening up in key areas, exploring new models of cross-border data management, and aligning with "post border" rules.
Last week's meeting of the Standing Committee of the Municipal Party Committee conveyed the spirit of the above speech and work requirements, and pointed out that Shanghai should vigorously implement the strategy of upgrading the free trade zone from a new starting point, actively carry out new explorations of high-level opening up to the outside world, strive to form more leading and iconic institutional innovation achievements, and fully promote the construction of the Shanghai Free Trade Zone to a new level. In this process, it is particularly important to focus on institutional openness, carry out pioneering experiments with greater intensity, promote reform and development with high-level openness, and better contribute to the overall situation of the country.
For Shanghai, making efforts in the above areas is undoubtedly the key to promoting economic recovery and building strategic advantages. It is precisely in such efforts that the quality and courage of the pioneers are measured.
