Preface
The latest news about the central bank's release of the "China Monetary Policy Implementation Report for the First Quarter of 2024" mentions an impressive set of data in the report.
The central bank report pointed out that at present, the money in the hands of ordinary people has become fixed deposits, resulting in less money circulating in the market and a lack of economic vitality. This means that the money in our hands is no longer "rich", but "no money".
In this way, it will seriously affect the economic development of the entire country. Because there is less and less liquidity in the market, the production and operation of enterprises will encounter great difficulties, which means that our lives will also be greatly affected.
As soon as this issue came out, it immediately attracted widespread attention from everyone, and many people began to discuss it and express their opinions one after another.
Consumption drives the economy, but attention should also be paid to sustainable development
The central bank's report mentioned that at present, the mainland's economic growth mainly relies on investment and exports, and the role of consumption in driving is relatively weak. Under such circumstances, if all the money in the hands of ordinary people becomes fixed deposits, it will lead to a decline in spending power, and thus will not be able to effectively stimulate economic growth.
In order to solve this problem, the report put forward an important viewpoint, that is, it is necessary to maintain the basic situation of stable economic operation by expanding domestic demand, especially through the stimulating effect of consumption.
In fact, this point of view is not the first time that has been put forward, as early as many years ago, our country began to advocate the "internal circulation" strategy, that is, to achieve sustainable economic development by expanding domestic demand.
The release of this report can be said to re-emphasize the importance of this viewpoint. Because there is still a lot of uncertainty and instability in the current international situation, if we rely too much on the external market, it will be greatly affected.
Therefore, in order to achieve high-quality economic development, we must achieve new momentum for economic growth by expanding domestic demand.
Of course, the report also makes it clear that although economic growth should be driven by consumption, in the process, attention must be paid to the issue of sustainable development.
In today's society, there has been a lot of overconsumption, and if we blindly encourage consumption in order to pursue economic growth figures, it will lead to excessive waste of resources and serious pollution of the environment.
In this way, although it may stimulate economic growth in the short term, it will be very detrimental to our economic and social development in the long run.
Therefore, if we want to stimulate economic growth through consumption, we must guide consumption well and let consumption return to the real "useful" and "beneficial", so as to achieve the goal of sustainable economic development.
How to guide consumption and optimize the economic structure?
In fact, everyone has different views on how to guide consumption and how to optimize the economic structure.
Some people believe that in order to effectively stimulate consumption, it is necessary to start from the source, that is, to consider from the perspective of increasing residents' income.
Only when the people's money bags are bulging, will there be more consumption demand and more consumption power.
Therefore, on this issue, we can consider reducing taxes and fees to increase the actual income of residents, so that everyone can take out more money to spend.
In addition, it is also possible to create more jobs by supporting innovative enterprises, thereby raising the income level of residents.
Of course, there are also some people who put forward a different view, they believe that in order to guide good consumption, it is necessary to start with the quality of products and services.
Only when people have a real demand for products and services will there be a sustained consumer momentum.
Therefore, on this issue, we can consider promoting the development of some key areas through the guidance and support of the government, such as green environmental protection, health preservation, etc., so as to meet people's needs for a better life.
In addition, we can also strengthen consumer education and publicity, so that everyone has a correct concept of consumption and knows what kind of consumption is truly meaningful.
In addition to guiding consumption, the report also mentions the issue of optimizing the economic structure.
At present, the mainland's loans are mainly concentrated in the real estate and manufacturing sectors, which will lead to a gap in the supply of funds in the market, which will seriously affect the development of the real economy.
Therefore, on the issue of optimizing the economic structure, we can consider promoting financial innovation through financial technology, and we can also consider strengthening support for small, medium and micro enterprises, so that more funds can flow to the real economy.
In addition, we can also promote the transformation and upgrading of traditional industries through reform and innovation, so as to realize the optimization and upgrading of the economic structure.
epilogue
From the report of the central bank, we can not only see some problems in the current economic operation, but also some suggestions and directions for future economic development.
In fact, there are indeed many challenges and difficulties in the current economic situation, as long as we can identify the crux of the problem and grasp the key to development, I believe we will be able to resolve various risks and challenges and achieve high-quality economic development.
Of course, in order to achieve such a goal, it is not something that can be accomplished by a certain department or a certain locality, but requires the joint participation and efforts of the whole society.
I hope that in the future work, we can form a joint force, go hand in hand, and jointly contribute to economic development.