Liu Shijin: Relying on economic growth directly relying on the strength of macro policies is easy to fall into misunderstanding

Liu Shijin: Relying on economic growth directly relying on the strength of macro policies is easy to fall into misunderstanding
On May 22, Sauna Night held the national “Two Sessions Economic Policy” series of salons to challenge China’s economy. Guests included members of the National Committee of the Chinese People’s Political Consultative Conference, Xiao Gang, former chairman of the China Securities Regulatory Commission, member of the National Committee of the Chinese People’s Political Consultative Conference, Zhou Yanli, former vice chairman of the China Insurance Regulatory CommissionLiu Shijin, deputy director of the Economic Commission, member of the National Committee of the Chinese People’s Political Consultative Conference, and president of the China Academy of Fiscal Sciences Liu Shangxi.The committee members will interpret today’s freshly released government work report, including economic growth, fiscal and monetary policy and other important standards.In the connection, Liu Shijin is currently affected by the epidemic, and the economy is experiencing difficulties, but it is necessary to focus on the overall situation and the long-term, look at the economic fundamentals and see the potential, and at the same time shorten the spirit of several documents such as the marketization of elements released in the early stageMake substantial progress in reform.He also mentioned that the market is very concerned about macroeconomic policies, including monetary and fiscal policies. He thinks about the economic growth and how much he directly depends on the macroeconomic policies. However, it is easy to fall into misunderstandings when considering such issues.According to Liu Shijin’s analysis, China’s economy is in a highly overlapping state in the short term. Macroeconomic policies mainly have three functions: restoring the industrial chain, bailing out companies without income, and hedging.”There are some structural problems in the middle of the economy, and short-term shocks. If the financial system is also interrupted, it may cause big problems, such as liquidity risk.In this process, to increase liquidity, flow alone cannot support the operation of the entire economic system. Monetary policy should be looser than before, which is normal, but mainly to deal with short-term situations.”The subsequent sustained growth requires the discovery of new growth momentum.Liu Shijin is outstanding, and his focus and focus should be on the potential for growth.He said that China has the potential to catch up with the forecasted ratio. For example, there is still a gap of 30,000 US dollars per capita GDP; while the new potential formed by technological progress and green development is basically synchronized with these, these are structural potentials.Sauna, Ye Wang Cheng Weimiao Gu Zhijuan editor Chen Li proofreading Yang Xuli

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