Key words interpretation of the two sessions in 2020: six stabilities and six guarantees

At the Politburo meeting in August 20 18, the Central Committee proposed? Six steady? It refers to stable employment, stable finance, stable foreign trade, stable foreign investment, stable investment and stable expectations.

On April 17, 2020, the meeting of the Political Bureau of the Communist Party of China proposed that in addition to increasing? Six steady? The work intensity has increased? Six guarantees? They are: ensuring residents' employment, ensuring basic people's livelihood, ensuring market players, ensuring food and energy security, ensuring the stability of industrial chain supply chain, and ensuring grassroots operation.

Liu Wen

The above two formulations were targeted policies aimed at the position of China's economy at that time. 20 18 China's domestic economic situation is not optimistic, and it is uncertain about the expected growth of the domestic economy in the coming year. Therefore, the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting timely put forward six stability:

1, as the first of the six stable jobs, stable employment determines the important position of employment. Only stable employment can stabilize income, consumption and economic growth. Therefore, in the case of changes in the external environment, we must maintain the stability of employment in China.

2, stable finance, according to the domestic financial market at that time, we can see that the frequent outbreak of p to p led to the instability of the financial market. At first, these small and micro-loan enterprises injected liquidity into the market, and later they gradually became the cancer of the financial market, so the state made up its mind to cut them off and control the risks of small and micro enterprises within the controllable range.

3, the stability of foreign trade, according to the proportion of national tax revenue, we can see that foreign trade accounts for a large proportion of national tax revenue, and the stability of foreign trade can drive the stability of relevant employees.

4. The main function of stabilizing foreign capital is to ensure the long-term development of foreign capital in China, inject long-term impetus into China's economy, make foreign capital earn money at home, and promote domestic employment and economic growth. In the case that domestic capital cannot completely replace foreign capital, foreign capital should be allowed to give full play to its role.

5. Stabilize investment. At that time, the state formulated policies to ensure the stability of investment, and never engaged in flood irrigation to ensure the correctness of investment. When the economy is overheated, investment will slow down. When the economy slows down, the investment price will increase. We will never ignore the balanced economic development in the future for the sake of temporary gdp.

6. Further stabilizing market expectations is very important for China's economy. The expectation that China's economy will continue to improve is the premise of ensuring market stability, and it is also the fundamental guarantee for the continuous expansion of foreign investment and domestic investment. The expected improvement will have a positive impact on China's economy in terms of consumption behavior and investment behavior.

Six guarantee policies

? Proposed at the Politburo meeting on April 17, 2020? Six guarantees? , but also to adapt to the current economic situation in China under the COVID-19 epidemic.

1, of which the employment of residents still ranks first. It can be seen that employment is the guarantee and foundation of the whole national economy. This formulation and the front? Six steady? Similarly,

2. To ensure the basic livelihood, this requires local governments to pay attention to the livelihood issues such as hospitals, schools and consumer markets, so that people's livelihood cannot be greatly affected by the epidemic in these places.

3. Ensure the vitality of market players, divide market players into supply and demand sides, stimulate the vitality of market players, optimize the business environment, allow both sides of the market to fully circulate, reduce unnecessary government restrictions, reduce unnecessary approvals, confirm the right to simplify processes and links, and let more people participate in market behavior, not just a producer or consumer.

4. Ensuring food and energy security is China's top priority. Although China now has a stable grain reserve, we should fully consider the impact time of the epidemic. In order to formulate an agricultural policy for 2-3 years, there are still shortcomings in energy security. Therefore, we should increase energy reserves, change the domestic energy structure, accelerate the development of land energy and offshore energy, increase the support of electricity for energy, and reduce the demand for traditional oil and coal.

5, to ensure the stability of the industrial chain supply chain, we must ensure that China enterprises can develop for a long time, reduce their dependence on foreign imports, and prevent the critical period from being strangled by foreign supply chains, because one link leads to the paralysis of the entire supply chain.

6. To ensure grass-roots operation, it requires grass-roots staff not to reduce their workload because of the epidemic, or to shift their focus of work, so that business personnel can dock with grass-roots governments at any time, deal with business problems in time, and solve problems, instead of causing procedural delays because of the epidemic, which is also the contribution of smooth operation of grass-roots work to fighting the epidemic.

The change from six guarantees to six guarantees

As can be seen from the above two formulations, the central government's expectation of the market has changed from stability to guarantee, which indicates that the focus of the China government has changed. The "six guarantees" put forward this time? Closer to the people, closely related to the people of China, and related to the government of China? People-oriented? This concept comes down in one continuous line. Like what? Six steady? If one or more of these projects fail to meet the stable expectations, it is necessary to ensure that the relevant personnel can get them. Six guarantees? In the guarantee. At present, economic development is facing unprecedented challenges. We should fully estimate the difficulties, risks and uncertainties, earnestly enhance the sense of urgency, do a good job in all aspects of economic and social development, firmly implement the strategy of expanding domestic demand, safeguard the overall situation of economic development and social stability, and ensure the completion of the decisive battle goal and task of getting rid of poverty and building a well-off society in an all-round way.

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