(Source: China Educational Television 2024-10-14)

At the recent press conference held by the State Council Information Office, the National Development and Reform Commission further introduced the specific measures to "systematically implement a package of incremental policies." The press conference was full of information and full of useful information, which effectively boosted confidence. What is the focus of the package of incremental policies? What role and impact will the implementation of the policy have? How to ensure the effective implementation of policies?2024Year10month14On the 7985_8045th day, the "Education Views" column of China Educational Television interviewed Zhao Zhongxiu, president of the w88 casino and vice president of the China World Economics Association, to discuss how to promote the economy to "go upward."

Ikumi Shimbun: What do you think is the signal behind the package of incremental policies introduced this time?

w88 slot: The introduction of this combined policy is of landmark significance. It marks a fundamental change in my country's monetary policy from being prudent to positive. This change is in response to changes in the domestic and international environment, especially the official start of the Fed's interest rate cut cycle and the downward pressure on the domestic economy.

Yujin News: The policy document mentions five aspects: increasing countercyclical adjustment of macroeconomic policies, expanding domestic effective demand, increasing support for enterprises, promoting the real estate market to stop falling and stabilizing, and boosting the capital market. First, how do we understand increasing countercyclical adjustment of macroeconomic policies?

w88 slot: Countercyclical adjustment means cooling down the economy when it overheats and stepping up when it gets cold. At present, changes in the domestic and international situation have led to increased downward pressure on the economy, so it is necessary to promote economic recovery against the trend. This includes more active monetary and fiscal policies, as well as the innovation and facilitation of financial instruments to mobilize new funds to stimulate the economy.

Ikumi News: In terms of expanding domestic demand, the policy emphasizes promoting the income increase of low- and middle-income groups. What are the considerations for this? In addition, in terms of investment, the policy proposes to expand effective investment, especially to boost private investment. How can this be achieved?

w88 slot: In terms of income, low- and middle-income groups have a high propensity to consume. Increasing their income can effectively expand consumption. The policy is very powerful to support the basic livelihood of the people by expanding employment and increasing pension levels. In addition, at the press conference of the State Council Information Office on October 12, Vice Minister of Finance Guo Tingting introduced that the number of national scholarship awards will be doubled in 2024. The number of national scholarships for undergraduate students will increase from 60,000 to 120,000 per year, and the number of national scholarships for master's students will increase from 35,000 to 70,000. The standard for awarding undergraduate and junior college students will be raised from 8,000 yuan to 10,000 yuan per year per student. In terms of investment, policy adjustments are aimed at boosting confidence and expectations. Once the direction is clear, the inherent impulse of private investment will be stimulated. The specific investment direction and scale are determined by the market.

Yujian News: In terms of increasing support for enterprises, why is it first emphasized to “regulate enterprise-related law enforcement and regulatory behaviors”?

w88 slot: Improving the business environment is the direction of our efforts, and the rule of law is the core. The policy aims to ensure the operation of micro entities, help enterprises develop, and resolve difficulties, especially through a legalized business environment.

Ikumi Shimbun: In terms of the real estate market, the policy proposes to stop the decline and stabilize. How to understand this signal?

w88 slot: As a pillar industry, real estate has played an important role in the past. We are currently facing a situation of oversupply, but there are still structural contradictions. The policy adopted a multi-pronged approach, including resolving debts and supporting local governments to acquire commercial housing as affordable housing, to carry out structural adjustments and increase demand, reversing the market's pessimistic expectations.

Ikumi News:In terms of capital markets, how do policies promote the entry of medium- and long-term funds into the market and guide their investment directions?

w88 slot: The capital market has the role of a "barometer" and can be the first to feel changes in the market environment. The policy aims to boost the capital market, generate wealth effects, and boost consumer confidence. At the same time, Chinese assets are undervalued and policies can help restore their value. In the long run, the capital market is improving, but there will be technical adjustments in the process.

Ikumi News:How long do you think these policies will take to be effective? What needs to be paid attention to most during implementation?

w88 slot: In the short term, the immediate results are monetary policy and fiscal policy. In the medium and long term, further industrial policies will be used to guide qualitative productivity, high technology, and income policies to protect people's livelihood, etc. In the process of implementing a package of incremental policies, it is necessary to focus on policy consistency, enhance confidence, emphasize systemic thinking, and jointly advance. At the same time, we must protect everyone’s enthusiasm for starting a business, promote high-quality economic development, and coordinate development and security.

Attachment: Original link

https://mp.weixin.qq.com/s/F73sk4XmgQR0hqnN3JMKCw