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The main idea of supply-side structural reform this year

Word:[Big][Middle][Small] 2018/4/13    Viewed:98    

This year, the strength of production capacity and output has been weakened, and the high base is added, and it is expected that PPI will not continue to grow rapidly.

Government work report emphasized that this year we will insist on deepening supply side structural reforms, including developing new kinetic energy, accelerate the construction of manufacturing power, continue to break invalid supply, deepening the reform of "pipes", further reduce the tax burden on enterprises, greatly reduce the burden of enterprise of non-tax and so on six big tasks. Compared to last year, coupled with the 19th and the central economic work conference spirit, it is not hard to see, this year the supply side quietly changed structural reform ideas, namely: expanding incremental supply high quality and short board has become the main direction, the focus is on the "broken", "vertical", "down" fluctuation kongfu.

今年供给侧结构性改革的主思路

Expand high-quality incremental supply side, based on the central economic work conference, proposed "three changes", speed up transformation of made in China to created in China, China speed to China quality, manufacturer to manufacture power), the report detailed the specific task to speed up the construction of manufacturing powerhouse, including driving integrated circuit, 5 g, aircraft engine, new energy vehicles, new materials, such as industrial development, implementation of major equipment special engineering board, industrial development the Internet platform, to create the "made in China 2025" demonstration area, etc.

In addition, expanding new drivers and developing new economies is also an important means to expand the supply of high-quality and incremental goods. The historic achievement of the past five years has been the focus on fostering new drivers of growth. Is specific to this year, in the emerging industry cluster, big data, the respect such as intelligence industry breakthrough, further and further implement the strategy of innovation driven development, on the basis of expected truly grasp the general trend of the world's new round of technological revolution and industrial revolution.

In addition, expanding new drivers and developing new economies is also an important means to expand the supply of high-quality and incremental goods. The historic achievement of the past five years has been the focus on fostering new drivers of growth. Is specific to this year, in the emerging industry cluster, big data, the respect such as intelligence industry breakthrough, further and further implement the strategy of innovation driven development, on the basis of expected truly grasp the general trend of the world's new round of technological revolution and industrial revolution.

In terms of capacity, this year is mainly about unproductive capacity, not excess capacity in previous years. This year, the report puts forward that the steel production capacity will be reduced by about 30 million tons this year, while the past two years have totaled 1.15 million tons (the target of 50 million tons has been completed in 2017, and 140 million tons of "ground steel" has been banned). In 2016, the target is 45 million tons, and the actual completion is over 65 million tons. This means that the goal of eliminating 140 million tons of steel capacity in the 13th five-year plan is expected to be completed by the end of 2018. At the same time, out of coal production capacity of 150 million tons this year, due to the 2016 and 2017 about 500 million tons, have been combined exit means that by the end of the year will go to the production capacity of 650 million tons, from "much starker choices-and graver consequences-in planning goal in 800 million tons 150 million tons left. Therefore, in terms of rhythm, despite the obvious reduction in the capacity pressure of steel and coal this year, the production capacity is expected to shift from steel and coal to the middle and lower reaches of color and chemical industry.

Is worth pointing out, given that this year is to implement the strategy of rejuvenating the country, the start of the implementation of the report separate structural reforms to boost agricultural supply side as the focus, including promotes the development of animal husbandry fishery and seed industry innovation, speed up the construction of modern agricultural industrial park and characteristic agricultural products (000061, shares) advantage area, develop "Internet + agriculture", promote the development of rural industry 123 fusion and other specific deployment. It is foreseeable that with the continuous development of agricultural supply-side structural reform, rural vitality and rural consumption potential will be greatly stimulated. In other words, there is a lot of imagination in the county or the fifth or sixth line of urban consumption upgrading.

The light varies from time to time. Affected by the supply side of the structural reform, raw material prices in China since the fourth quarter of 2016 has experienced a rapid rise, producer prices last year rose 6.3%, reversed the negative increase for five consecutive years since 2012. Reflecting this year, the strength of production capacity and output has been weakened, and the high base is added, and it is expected that PPI will not continue to increase. Of course, given that environmental protection continues to be high and oil prices are likely to be "highly unpredictable", it is not surprising that "accidents" occur.

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