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Premier Li Keqiang: relying on innovation to promote China's economy towards the middle and high end

the topics spoken by six economists reflect the three major concerns of policymakers: growth momentum, risk prevention and reform implementation. The author's understanding is that China's economy relies on Reform in the medium and long term and steady growth in the short term to prevent systemic risks. On the issue of "micro stimulation", which is highly concerned by all walks of life, the author believes that stimulation is necessary to prevent systemic risks and win time for reform

On July 15, Premier Li Keqiang chaired a symposium to listen to the opinions and suggestions of experts and scholars on the current economic situation and economic work. As one of the six economists who walked into Zhongnanhai that day, liushengjun, executive vice president of China Europe Lujiazui Institute of international finance, reviewed his personal feelings and details in Caixin's article on July 20:

first, the topics spoken by the six economists reflected the three major concerns of policymakers: growth momentum, risk prevention and reform implementation. From the perspective of growth momentum, two experts respectively talked about the export situation and public consumption investment; From the perspective of risk prevention, two experts discussed the real estate and financial situation respectively; From the perspective of reform implementation, two experts respectively talked about economic reform, transformation and development, and private economy

the author's understanding is that China's economy relies on Reform in the medium and long term and steady growth in the short term to prevent systemic risks. On the issue of micro stimulation, which is highly concerned by all walks of life, the author believes that stimulation is necessary to prevent systemic risks and win time for reform

second, Li Keqiang style. When scholars spoke, Premier Li listened to experts while watching the PPT. He was very involved. His questions mainly focus on the reliability of a certain data, the basis of a certain judgment, the specific meaning of a certain point of view, and the feasibility of a certain policy proposal

for example, some scholars suggest issuing national construction bonds for public consumption investment. You said it very well. I also want to ask Li Keqiang about giving customers a sense of responsibility. Raising the proportion of national debt involves the deficit ratio. According to your calculation, what is the appropriate deficit ratio for us? Please continue your research and make further suggestions. In my speech, the author pointed out that the reform of mixed ownership is very necessary, but now, many private enterprises still have concerns about mixed ownership. What concerns? Li Keqiang asked immediately. My answer is mainly in three aspects. First, what does the government offer to mix? Second, how much private capital can account for? Third, will the mixed marriage be interfered

the premier of a large country, who has a doctor's degree in economics, won the Sun Yefang economics award, proposed the Keqiang index, and was summarized as Keqiang economics by foreign investment banks, is indeed an expert in governing the country

third, respect rules and respond dynamically. China's economic growth has always been the most concerned figure in the world. According to media reports, Premier Li Keqiang delivered a speech in London, England on June 18. 1. Fixture: as an important part of the instrument, the think tank said: China's economy will not have a hard landing. The Chinese government implements interval regulation and directional regulation on the operation of the economy to ensure that its lower limit does not exceed 7.5%. 7.5% was higher than the original 7% offline, which immediately triggered a strong response from the market

at the symposium, Premier Li Keqiang specially explained that the speech in the UK was an off script speech, and the translators missed the word about (about), which should be about 7.5%. As long as our development has employment, increased income, quality, improved efficiency, energy conservation and environmental protection, no water, and is practical, the growth rate is a little higher or lower than 7.5%, it is acceptable. Li Keqiang believes that the key to determining the appropriate growth rate is to thoroughly study the potential growth rate of China. The author believes that it is necessary for China's economy to carry out interval regulation at this stage. However, people from all walks of life should not interpret the figures rigidly, but grasp them dynamically

Fourth, reform has always been the core issue of Premier Li Keqiang's concern

for example, while demanding to increase the effective supply of public goods, Premier Li Keqiang also emphasized the formation of a diversified investment pattern of government, enterprises and social capital through the reform of the investment and financing system

the author pointed out that innovation is the main driving force to achieve sustainable development. Premier Li Keqiang said at the conclusion of the meeting that innovation must be relied on to promote China's economy from the medium and low end to the medium and high end. To realize China's economic upgrading, we should not only have a reasonable speed, but also rely on innovation driven development

to promote innovation, we must create an institutional environment conducive to innovation through institutional reform. In my speech, the author pointed out that to promote China's economic transformation, we must improve the institutional environment. The government should make clear its neutral identity in the market and constantly make self revolution. We should further break the administrative monopoly, liberalize the administrative barriers for private capital to enter some fields, and give market funds more outlets. Premier Li Keqiang particularly emphasized the significance of reform. Innovation is not only scientific and technological innovation, but also institutional and mechanism innovation. China has a lot of room in this regard. At the current stage of development, capital investment alone is not enough. Institutional mechanisms are also important capital and dividends. By deepening reform and invigorating systems and mechanisms, great energy will be generated. For example, the reform of the commercial registration system has achieved remarkable results in reducing the threshold of entrepreneurship and displaying the impact absorption power, impact toughness, the rotation angle of the pendulum and printing experimental reports, and stimulating the vitality of social investment

at the meeting, Premier Li Keqiang specially corrected the name of targeted regulation: some people believe that targeted regulation is the reduction of reserve requirements, which is a misunderstanding. Targeted regulation is not flood irrigation, but drip irrigation and sprinkler irrigation. It is targeted to focus on key links, key areas and weak areas for regulation. He listed three major measures for targeted regulation and control: streamlining administration and delegating power, effectively increasing the supply of public goods, and vigorously supporting the real economy. The author believes that the essence of targeted regulation is structural reform, which is to solve structural problems with structural policies

it has been more than half a year since the Third Plenary Session of the 18th CPC Central Committee. Although the reform plan has won global praise, the implementation of the reform faces three obstacles: concept, vested interests and bureaucracy. In my speech, the author also pointed out that 2014 is a key window period for the reform game. Premier Li paid particular attention to the implementation of the reform. He pointed out that although the new government has cancelled the delegation of a large number of administrative examination and approval items, there are still some mismatches in the functions of governments at all levels: too much should not be managed, and not enough should be managed. Some approval items have not been completely cancelled or delegated; Some officials do not act to varying degrees, and sometimes they can't even find a person to seal. Once the government does not act, the reform will not be implemented. Previously, at the executive meeting of the State Council, Li Keqiang focused on the implementation of reform more than once. On march19,2014, Li Keqiang said firmly, I will tell you the truth. The task of (streamlining administration and delegating power) is very difficult, but it must be completed! I hope that some of our comrades will not covet the little power in their hands and obstruct the big goal of the government's work. That won't pay off

with a deep understanding of the market economy, a correct understanding that reform is the greatest bonus, a deep historical sense that no reform should bear the history, and a general affirmation of the experimental speed of the experimental machine, I believe that Li Keqiang, the expert Premier and reform premier, will lead the difficult transformation of China's economy and make reform a key move to determine the destiny of contemporary China

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