The hottest new round of economic growth cycle, lo

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In the new round of economic growth cycle, local governments are also constantly overcoming or carrying out various improvements to the above shortcomings. The investment impulse looms

in the new round of economic growth cycle, the local investment impulse looms

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Introduction: the central economic work conference took seeking progress in stability as the general tone of this year's economic work. Under the attack of weak global economic recovery, weakening demographic dividends, increasing pressure on resources and environment and other issues, how to find new drivers to continue the growth trend has become a difficult problem for China's economy. Recently announced

the central economic work conference took "seeking progress in stability" as the general tone of this year's economic work. Under the attack of the weak global economic recovery, the weakening demographic dividend, the increasing pressure on resources and environment, how to find new drivers to continue the growth trend has become a difficult problem for China's economy

recently announced "According to the economic data of, China's economic rebound has been basically established and a new growth cycle is starting. In 2013, various reforms in key economic areas such as finance, taxation, finance and price have been actively promoted, injecting new vitality into China's economic development. It is worth noting that nearly 80% of the local governments that have just completed the change of office have set the economic growth target for this year at double digits, and some provinces have even launched trillion investment scale , the looming local "investment impulse" has also aroused the concern of the representatives and members who are participating in the national two sessions

economic growth has stepped out of the downward range. China has started a new round of growth cycle

the 2012 Statistical Bulletin released by the National Bureau of statistics shows that China's GDP reached 51932.2 billion yuan in 2012, with a year-on-year increase of 7.8%, which is far lower than the growth rate of 9.3% last year

since the fourth quarter of 2010, China's economic growth has declined for seven consecutive quarters, of which the third quarter of last year only increased by 7.4% year-on-year, hitting a new low since 14 quarters. In 2012, China launched a series of policies to stabilize growth, and the economic downturn slowed down

in January this year, foreign trade, credit, PMI and other economic data showed that China's economy was going out of the downward range and the recovery trend was established. In January this year, new money loans across the country exceeded the trillion yuan mark, and the narrow money supply (M1) increased by 15% over the same period, indicating that the activity of enterprises has improved. In January, the export scale increased by 25%, far exceeding market expectations. In February, China's Manufacturing Purchasing Managers' index (PMI) fell due to the Spring Festival, but the 0.3 percentage point drop also showed that the economic recovery trend remained unchanged. Lian Ping, chief economist of Bank of communications, judged that China's economy is ending its downward trend for two consecutive years and will start a new growth cycle in 2013

urbanization leads the new driving force of growth, and local "investment impulse" looms

the downward trend of China's economic growth was once obvious, but many experts are not worried about the low growth of China's GDP in 2013, but about the possibility of high growth

the report of the 18th CPC National Congress clearly defined new urbanization as the "medium and long-term driving force" of China's economic growth. The central economic work conference, which is regarded as an "economic weathervane", also pointed out that urbanization is the greatest potential for expanding domestic demand. The transfer of rural population to cities and towns can stimulate consumption demand and investment growth while releasing surplus labor. Therefore, it is also regarded as the "new engine" of China's economic growth by all walks of life

after the two sessions, all localities announced their economic growth targets for this year. According to the economic growth targets announced by 31 provinces, autonomous regions and cities across the country, 24 provinces, autonomous regions and cities set the GDP growth target at more than 10%. Among them, there are 11 provinces, autonomous regions and cities whose growth rate is set at more than 12%, which is far higher than the average annual growth rate target of 7% proposed in the national "12th Five Year Plan". It can be seen that the impulse of local governments to pursue GDP still exists

investment is the most effective means to stimulate growth. This year coincides with the change of the local government, and some experts worry that the high growth target will trigger the "investment impulse" of the local government. According to the data, 19 provinces, autonomous regions and cities including Shanxi, Liaoning, Henan and Shaanxi have set the growth target of fixed asset investment at 20% or above this year, and Guizhou, Heilongjiang and other provinces have set this target at 30%. China's economy has been facing structural imbalances for a long time. If we continue to increase investment, it will make it "even more difficult" to implement the economic "transformation and structural adjustment" initiative, which is already full of resistance

Cai Fang, deputy to the National People's Congress and director of the Institute of population and labor economics of the Chinese Academy of Social Sciences, believes that we should not deliberately pursue a high growth rate. Manufacturers said that their Pu plastic materials have stable growth in isotropic mechanical properties due to chemical crosslinking, so they should pay more attention to improving the potential growth rate. Bai chongen, deputy to the National People's Congress and vice president of the school of economics and management of Tsinghua University, pointed out that we must rely on improving quality and efficiency to achieve steady growth and a rebound without "water"

reform in the economic field comes one after another, and reform opens a new situation.

If "urbanization" is a new engine of economic growth, reform is regarded as the sustainable driving force of economic growth. In 2013, a series of reform measures in the economic field followed, and China's economic system reform is opening up a new situation

at the beginning of the new year, the reform plan of the income distribution system, which has been brewing for many years, was issued, responding to the restrictions on the remuneration of senior executives of state-owned enterprises, the increase of the minimum wage standard, the structural tax reduction, the increase of the proportion of state-owned enterprise income turned over, and the increase of financial investment in the field of people's livelihood. In terms of the fiscal and tax system, the Ministry of Finance proposed to accelerate the pilot work this year and expand the scope of pilot areas and industries in a timely manner. The executive meeting of the State Council also determined to "expand the pilot scope of personal housing property tax reform". It is reported that Xiangtan, Wuhan and Hangzhou have completed the technical preparation of property tax

Price reform is also expected to accelerate this year. Since the end of last year, the government has stepped up price reforms in energy, transportation and other fields, including the implementation of coal and electricity linkage, the increase of railway freight prices, and the reduction of bank card handling fees. The Standing Committee of the National People's Congress revised the land management law, laying the foundation for the reform of the land acquisition system. The central government issued document No. 1, proposing to accelerate the reform of the registered residence system and implement the relaxation of the settlement conditions in small and medium-sized cities and towns

the central bank released the floating range of bank deposit and loan interest rates twice last year, pushing forward the marketization of interest rates by a big step. When the central bank deployed its work in 2013, it pointed out that it would further deepen the reform of key areas of Finance and steadily promote the market-oriented reform of interest rates

Lian Ping, chief economist of Bank of communications, said, "at present, the new ideas and measures shown by the new leadership, especially the determination to further deepen the reform of the economic system, are very firm, which will promote China's economy to usher in a new round of reform cycle."

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