China's economy can grow in the storm

On May 17, the National Development and Reform Commission held a press conference to introduce the macroeconomic operation. Meng Wei, a spokesman, said at the press conference that the impact of Sino-US economic and trade frictions on China's economic development is generally controllable. As long as we make full use of the important strategic opportunity period, grasp the macro situation, enhance strategic self-confidence, and work hard, China's economy will be able to effectively meet the challenges of external risks. "Facts have proved that China's economy can grow in the storm; history will finally prove that China's economy will grow in the storm."

China's economy is resilient, has great potential and strong vitality. Meng Wei said that since March last year, Sino-US economic and trade frictions have lasted for more than a year. Although trade frictions have had a certain impact on China's economic development, their impact is generally controllable. The confidence of enterprises is becoming more and more stable, market expectations are becoming more rational, the policies and measures deployed by the central government are effective and effective, and the ability of all sides to deal with external shocks is increasing. China's economy has shown enough resilience, great potential and vigor.

"We are unwilling to see the US impose tariffs on Chinese goods imported from the United States in this round, which is not good for both China and the United States, nor for the world." Meng Wei said that for the response measures, the key is to do their own thing well. Adhere to the bottom line thinking, maintain strategic strength, and further do a good job in the "six stability" work. At the same time, we should fully study the possible impact of the imposition of tariffs by the United States, and timely adopt measures to ensure that the economy operates within a reasonable range. In view of the downward pressure on economic operation, the National Development and Reform Commission, together with relevant departments, will focus on promoting high-quality development, building a modern economic system, maintaining the continuity and stability of macroeconomic policies, strengthening counter-cyclical regulation, implementing tax reduction and fee reduction policies, maintaining reasonable and abundant liquidity, and more on stimulating market vitality through deepening reform and opening up.

"We will accelerate the formation of a strong domestic market." Meng Wei said that in expanding consumption, we should improve the system and mechanism of promoting consumption, increase the supply of high-quality products and services through multiple channels, make up for the shortcomings of urban consumption supply, promote the upgrading of rural consumption quality, and promote the steady growth of consumption; in stabilizing investment, we should accelerate the use of investment arrangements within the central budget, speed up the filling of shortcomings in infrastructure, public services and other fields, and implement manufacturing technology. Renovation and equipment renewal, and appropriate reduction of the capital ratio of infrastructure and other projects. At the same time, we will continue to improve the business environment, resolutely implement reform measures to effectively protect property rights and intellectual property rights, facilitate investment and business through "simple examination and approval, excellent service" and promote the sustained and healthy development of private investment.

"In view of the possible fluctuations in employment, we will focus on implementing and improving the employment priority policy and strengthening the monitoring and early warning of employment situation." Meng Wei said that on the one hand, we should increase the efforts to support enterprises and stabilize their posts, and earnestly implement the relevant policies of unemployment insurance to support enterprises to stabilize their employment posts; on the other hand, we should increase the employment assistance to key groups such as college graduates and people with employment difficulties, and focus on solving the structural unemployment problem. We will strengthen vocational skills training and implement the plan of expanding the enrollment of 1 million people in Higher Vocational colleges. At the same time, we should further deepen innovation and entrepreneurship creation, give full play to the driving role of "double innovation" demonstration base, and support the development of venture capital.

There is no need to overestimate the impact of pig and pork prices on CPI

Data from the National Bureau of Statistics show that in April, the national consumer price index (CPI) rose by 2.5% year-on-year, 0.1% year-on-year and 0.5% year-on-month. Meng Wei said that on the whole, China's price rise in April was in a moderate range, and it is expected that prices will continue to maintain a stable overall trend for some time to come.

Meng Wei said that CPI rose annually in April, mainly affected by the rising prices of eggs, fresh melons and fruits, pork and tourism. But in the same period, fresh vegetable prices fell by 4.5%, mutton, beef and dairy prices fell slightly, basically hedging the impact of rising prices of these goods and services.

The recent trend of pork price has attracted widespread attention. Meng Wei said there was no need to overestimate the impact of pig and pork prices on CPI. CPI is expected to run relatively smoothly in the latter part of this year, and the annual growth rate will remain within the expected target range. At present, the price of live pigs has increased considerably over the same period last year, mainly because of the low price base in the same period last year. Over a longer period of time, the current pig price is about 2.1% lower than the average since the beginning of 2015.

The price of pig and pork will increase in a certain extent. However, due to the abundant supply of livestock and poultry, aquatic products, eggs and other commodities in China, the consumption of residents will not be greatly affected. The National Development and Reform Commission will continue to closely monitor the price trend of live pigs and pork, prepare for regulation and control work with relevant departments, and take relevant measures to stabilize supply and prices, if necessary, to ensure the basic livelihood of the people. At present, the list of the fourth batch of pilot enterprises for mixed ownership reform of state-owned enterprises has been examined and approved by the Leading Group of State-owned Enterprises Reform under the State Council, and the fourth batch of pilot enterprises for mixed ownership reform totals 160. Among them, there are 107 central enterprises and 53 local enterprises, with total assets exceeding 2.5 trillion yuan.

Meng Wei said that from the industry perspective, the fourth batch of pilot enterprises of mixed transformation not only have traditional manufacturing areas, but also have strategic emerging industries such as Internet, software and information technology services, new energy, new materials and energy conservation and environmental protection.