CFIC Introduction
The person in charge of the National Development and Reform Commission said in response to reporters' questions on the economic situation and macro policies in the first quarter on May 1 that on the whole, a good start and a good rebound are the basic characteristics and trends of China's current economic operation.
The person in charge of the National Development and Reform Commission said in response to reporters' questions on the economic situation and macro policies in the first quarter on May 1 that on the whole, a good start and a good rebound are the basic characteristics and trends of China's current economic operation.
Quick Facts
Accelerate the implementation of various established deployments and see actual results
Strengthen policy pre-research reserves and promote the introduction of policies in a timely manner according to the needs of the situation
Promote the optimization and reorganization of new energy vehicle enterprises
China will fully lift restrictions on foreign investment in the manufacturing sector
Accelerate the construction of a high-quality charging infrastructure system
The person in charge of the National Development and Reform Commission said that since the beginning of this year, China's economy has continued to pick up and improve, the economic growth rate has risen steadily, the structural adjustment has made steady progress, the quality and efficiency have been steadily improved, the people's livelihood has been strongly guaranteed, the overall improvement of market expectations has achieved a steady start and a good start, and it can be vividly said that it has achieved a "good start". Such an excellent "report card" can be truly reflected from the national to the local, from the macro to the micro. For example, from a macroeconomic point of view, the growth of major indicators has accelerated. The above-mentioned person in charge said that the GDP in the first quarter increased by 5.3% year-on-year, and the growth rate increased by 0.1 and 0.8 percentage points respectively from the previous quarter and the same period last year. The industrial added value increased by 6 percent, up 0.8 percentage points from the previous quarter; investment in fixed assets increased by 4.5 percent, up 1.5 percentage points from last year; and the import and export volume of goods denominated in renminbi increased by 5 percent, of which the export value increased by 4.9 percent, up 4.1 percentage points from the previous quarter. The person in charge said that the plan of the year lies in the spring, and how the economy "takes off" at the beginning can have a great impact on the trend of the whole year. On the whole, a good start and a good rebound are the basic characteristics and trends of China's current economic operation, with more positive factors, continuous enhancement of momentum, improvement of social expectations, and solid progress in high-quality development, laying a solid foundation for achieving the annual goal. In the next step, in accordance with the decisions and arrangements of the Party Central Committee and the State Council, we will adhere to the momentum and avoid tightening before and then loosening, and in view of the outstanding contradictions in economic operation, we will accelerate the implementation of various established deployments and see actual results, strengthen policy pre-research reserves and promote the introduction in a timely manner according to the needs of the situation, effectively consolidate and enhance the positive trend of economic recovery, and complete the annual goals and tasks with high quality. On the development of the new energy vehicle industry, the head of the National Development and Reform Commission said that since the beginning of this year, China's new energy vehicles have continued to maintain a rapid development momentum, showing the vigor and vigor of both supply and demand. In March this year, Zheng Shajie, director of the National Development and Reform Commission, said at the 2024 China Electric Vehicle 100 High-level Forum that he would take more pragmatic measures with relevant parties to provide support for the high-quality development of the new energy vehicle industry. We are stepping up efforts to study and improve relevant policies and measures, focusing on advancing work in three areas. The person in charge said. Specifically, the first is to promote industrial optimization and upgrading. Adhere to scientific and technological innovation to promote industrial innovation, and guide enterprises to continue to strengthen R&D investment and technological innovation. Promote the R&D and innovation of power batteries, intelligent driving and other technologies, and improve the level of standardization and integration of vehicles and parts. Promote the development and growth of key enterprises of new energy vehicles, accelerate the withdrawal of backward enterprises and production capacity, and promote the optimization and reorganization of new energy vehicle enterprises. At the same time, China will fully lift the restrictions on foreign investment in the manufacturing sector, and welcome global auto companies to deeply integrate into the Chinese market and industrial chain system, and share the fruits of new energy vehicle development. The second is to better meet consumer demand. In conjunction with relevant departments, we will carry out the trade-in action of automobiles and the activities of new energy vehicles going to the countryside in 2024, continue to expand the market scale, and better meet the demand for new energy vehicles with high-quality supply. Recently, 14 departments, including the Ministry of Commerce and the National Development and Reform Commission, issued the "Action Plan for Promoting the Trade-in of Consumer Goods", proposing to carry out the trade-in of automobiles. It will cooperate with relevant departments to accelerate the implementation of the action plan, adopt preferential policies such as finance and taxation in accordance with laws and regulations, and support eligible trade-in behaviors to better meet consumers' demand for new energy vehicles. The third is to speed up infrastructure construction. Strengthen the overall coordination of new energy vehicles and energy, power, infrastructure and other industries. Accelerate the construction of a high-quality charging infrastructure system, vigorously promote the construction of charging facilities in key areas such as old residential areas, along highways, and rural areas, accelerate the construction of public charging facilities based on fast charging, and improve the charging guarantee capacity of highway service areas and other holidays. Promote the improvement of technical standards, strengthen safety supervision, and improve the operation and service level of charging infrastructure. Implement and improve the peak and valley time-of-use electricity price policy, increase land use, financing and other guarantees, and provide strong support for the construction of charging infrastructure. Formulating the standard guidelines for the construction of a unified national market Talking about the progress of the construction of a unified national market and the next step, the person in charge said that accelerating the construction of a unified national market is an inevitable requirement for smoothing the domestic cycle and promoting the construction of a new development pattern, and it is also an important starting point for releasing the potential of domestic demand and promoting the sustained economic recovery. The above-mentioned person in charge said that in the next step, the National Development and Reform Commission will thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council, and carry out a series of actions to build a national unified market to promote high-quality development in conjunction with relevant parties, and continue to promote the construction of a national unified market. On the one hand, we should pay close attention to improving the system. Formulate guidelines for the establishment of standards for the establishment of a unified national market, and report for the issuance and implementation of the "Opinions on Improving the Market Access System" and the "Law on the Establishment of Social Credit", establishing various systems and rules that are conducive to the establishment of a large national unified market. On the other hand, we should step up efforts to break down obstacles. Establish a long-term mechanism for reporting, verification, rectification and reporting, carry out in-depth special rectification of outstanding problems such as market segmentation and local protection in key areas, continue to report typical cases, give play to the role of mirroring, and remove all kinds of obstacles and constraints that are not conducive to the construction of a unified national market.
Source of this article: China Securities Journal
Author: Ouyang Jianhuan
WeChat editor: Guan Qiao
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