Summary More than half of the economic journey in 2013. When the global economy is struggling, the Chinese economy has shown a rare bright color in its steady progress: transformation and upgrading have taken substantial steps, reforms have deepened the release of new economic vitality, summer grain has been harvested continuously, prices have been basically stable, and employment has been generally stable... good...
More than half of the economic journey in 2013. When the global economy is struggling, the Chinese economy has shown a rare bright color in its steady progress: transformation and upgrading have taken substantial steps, reforms have deepened the release of new economic vitality, summer grain has been harvested continuously, prices have been basically stable, and employment has been generally stable... A good start is hard to come by. The Chinese economic ship that hit the water in the middle of the stream is steadily moving toward the established goal.
Transformation: Adjusting and upgrading to take substantial steps
In the first half of the year, China's economic growth slowed to 7.6%, still in a reasonable range. A fundamental change is that economic transformation has taken substantial steps in structural adjustment and a series of positive changes have emerged.
Among the 7.6% economic growth rate, domestic demand has increased the role of economic growth. The data shows that the contribution rate of consumption to economic growth in the first half of the year reached 45.2%, and the investment contribution rate was 53.9%. The total contribution rate of the two to economic growth reached 99.1%.
“This shows that in the case of sluggish external demand, domestic demand plays a key role in stimulating economic growth and is a welcome change in economic operations.†Zhuang Jian, a senior economist at the Asian Development Bank, believes that China is still in the process of industrialization and urbanization. During the period, domestic demand has a lot of room for improvement.
Statistics from the National Bureau of Statistics show that the development of modern service industries and strategic emerging industries is strong across the country. In the first half of the year, the added value of the tertiary industry increased by 8.3% year-on-year, 7 percentage points higher than the secondary industry.
With the pace of structural adjustment in various regions, the service industries such as logistics and online shopping have developed rapidly. In the first half of the year, the added value of high-tech industries increased by 11.6%, which was 2.3 percentage points higher than the growth rate of industrial enterprises above designated size. The development of emerging industries also showed strong momentum.
“We have seen that domestic power generation and electricity consumption have increased by 4%, of which service industry electricity consumption has increased by 8%; investment is not weak, and service industry investment is stronger, which shows that China’s economic vitality is increasing.†Ministry of Finance Minister Lou Jiwei said.
In the view of Raja Nag, Director-General of Asian Development Bank Management, China’s economic restructuring has made great progress, and economic growth is shifting from industrial to service-driven. In the first half of this year, the growth rate of the service industry was faster than the industrial growth rate. The growth rate of the service industry still has great potential.
Reform: comprehensively deepen the mechanism of conquering the system
In the context of slowing economic growth, only reform can stimulate market vitality. Since the beginning of this year, from the promotion of interest rate marketization reform to the "compulsory reform and increase" nationwide, from the decentralization of government to the transformation of government functions, a substantial reform measures have been gradually introduced, demonstrating the determination of the central government to promote development through reform.
In April this year, the State Council executive meeting decided that since August 1st, the pilot program of the “transformation and increase†of the transportation industry and some modern service industries will be launched nationwide, striving to fully complete the “reform of the camp†during the “Twelfth Five-Year Plan†period. reform.
Analysts pointed out that "the reform of the camp" not only brings obvious tax reduction effects, but also provides direct impetus for industrial upgrading and economic transformation. This has been effective in the pilot areas. The process of “reform of the camp†has exceeded expectations.
In July, another heavy reform measure pushed the financial system reform to the forefront: from the 20th onwards, the financial institution loan interest rate control was fully liberalized.
"The central bank canceled the loan interest rate control, which means that the new round of financial reform in China has been kicked off, fully reflecting the characteristics of the new government's economic policy of strengthening the market and deregulating," said Sun Lijian, dean of the School of Economics of Fudan University.
The reform of the administrative examination and approval system was carried out simultaneously. It is the highlight of the reform through the decentralization of power, the transformation of government functions, the stimulation of market entities to create vitality and the enhancement of the endogenous dynamics of economic development. According to publicly released information, this year, the State Council has cancelled and decentralized more than 160 administrative examination and approval projects, including investment, enterprise production and operation.
Undoubtedly, the next step will continue to promote the vitality of market vitality and development through the decentralization of power, and continue to promote the reform of fiscal, taxation, finance, etc., and contribute to the development of the real economy and structural adjustment.
Food: “Ten Lianfeng†consolidates the foundation of economic development
People eat food for the sky. High grain output not only provides a strong guarantee for sustained and stable economic development, but also provides important support for preventing inflation and controlling risks.
Statistics show that this summer's summer grain output reached 263.8 billion jin, an increase of 3.9 billion jin over the previous year, achieving a “opening door†for grain production throughout the year, which also means achieving a bumper harvest of summer grain for the tenth consecutive year. The data of the first half of the National Bureau of Statistics made people see the hope of realizing the “Ten Lianfeng†food for the whole year.
The good news is that while grain production has increased, farmers’ income has also maintained rapid growth. In the first half of the year, the per capita cash income of farmers was 4,717 yuan, a year-on-year increase of 9.2%, and the growth rate was 2.7 percentage points faster than the income of urban residents.
In addition to the increase in production of summer grain and the increase in income of farmers, the production of animal husbandry has stabilized and rebounded, and the fishery has developed steadily. The main market for “vegetable basket†products is sufficient.
Agriculture is stable and the world is safe. The harvest of summer grain laid a good foundation for the annual grain production, while the autumn grain grew better. At the recent symposium of the National Agricultural Directors, the Minister of Agriculture, Han Changfu, asked the agricultural departments at all levels to do a good job in the production of autumn grain and strive to seize the food “Ten Lianfengâ€.
Employment: 7.25 million new jobs to build the people's livelihood
Employment is the foundation of people's livelihood. In the first half of the year, there were 7.25 million new jobs in urban areas in China, an increase of 310,000 over the same period last year At the end of the second quarter, the urban registered unemployment rate was 4.1%, which was the same as the first quarter and the same period last year. In the current economic growth rate, the employment transcripts in the first half of the year exceeded expectations.
"In the first half of this year, China continued to implement a more active employment policy, especially focusing on college graduates, rural labor transfer, urban hardship personnel, retired military personnel and other key groups, and formulated targeted policy measures. Good implementation and implementation," said Yin Chengji, spokesperson for the Ministry of Human Resources and Social Security.
With the structural adjustment and the transformation of economic development mode, the development of the tertiary industry has further accelerated, and the proportion of employed people in the three major industries has continued to increase. The tertiary industry has strong employment absorption capacity, especially the development of emerging services such as emerging service industries and network service industries, which have played an important role in stimulating employment.
There has also been a welcome change in regional employment. The employment in the eastern region has slightly decreased from the previous months to the recent two months, and it has begun to play a role in maintaining overall employment stability. At the same time, the new employment in the western region maintained a 9% growth in the first half of the year, and the central region remained basically stable.
Regarding how to achieve more adequate employment in the current situation, Minister of Human and Social Affairs Yin Weimin said: "We must promote full employment as a priority for economic development, increase employment by stabilizing economic growth and adjusting economic structure, and achieve economic growth and employment expansion. Benign interaction."
Price: 2.4% growth lays a solid foundation for macroeconomics
Chai rice oil and salt sauce vinegar tea, connected with millions of people, the price can be said to be the most concerned topic of the people.
According to the National Bureau of Statistics, in the first half of the year, the consumer price index rose by 2.4% year-on-year, which was 0.9 percentage points lower than the growth rate of the same period last year. Overall, since the beginning of this year, CPI has remained at a low level overall, and the year-on-year growth rate in the first half of the year was much lower than the government's 3.5% price control target for the whole year.
The 3.5% target is rational, and the 2.4% price control level in the first half of the year is hard to come by. The stability of prices has laid a good foundation for macroeconomic regulation and control, and also provided a good precondition for the smooth operation of the economy.
Yao Jingyuan, a special researcher at the State Council Counselor Office, pointed out that the harvest of summer grain this year has laid an important foundation for the CPI to remain stable for some time to come. The slow recovery of the world economy and the sluggish overall demand have determined that prices will continue to run smoothly in the second half of the year. This will make room for this year's price reform and structural adjustment.
At present, China's price control has achieved remarkable results. As the hikes continue to weaken, there is little possibility of a major reversal of market supply and demand. The year-on-year increase in CPI is expected to continue the trend of continuous decline. However, industry insiders pointed out that the price trend in the later period cannot be taken lightly, and it is still necessary to take the stable price level as a major task.
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