The opening ceremony of the 11th Summer Davos Forum was held in Dalian today. Premier Li Keqiang attended and delivered a special speech.
Li Keqiang said that in the context of the domestic economic transformation and upgrading and the complicated foreign economic situation, it is inevitable that the indicators of the Chinese economy will fluctuate in a short period of time, but the stable and good situation will not change. From the situation in the first half of the year, we can fully realize the main objectives and tasks of economic and social development throughout the year.
The main objectives and tasks of economic and social development throughout the year can be achieved
Everyone may be very concerned about the trend of the Chinese economy this year. It can be said that this year, the Chinese economy has continued its steady development trend. In the first quarter, the economy grew by 6.9%, especially the structure and efficiency improved significantly. From the data we have at present, the second quarter maintained a good trend in the first quarter. From January to May, not only the traditional power generation, freight volume, and new orders for enterprises increased significantly, but some data reflecting the new economy grew faster. The profits of industrial enterprises above designated size were more than double-digit growth, and foreign exchange reserves rebounded. The RMB exchange rate is basically stable, especially for employment, which makes us feel more gratified, because the national urban survey unemployment rate fell to 4.91% in May, the lowest level in years. Recently, a number of international organizations and research institutions have raised their forecasts for China's economic growth this year. They believe that the new kinetic energy of China's economic development is accumulating and the economic rebalancing is steadily advancing, which also reflects market expectations.
There are gratifying aspects in the operation of China's economic indicators, and changes in internal structure are more valuable. In the past few years, in the face of downward pressure on the economy, we have not adopted the strong stimulus of “big flood irrigationâ€, nor have we followed the traditional development mode of relying too much on investment and consuming resources. Instead, we have continued to adjust the structure and make economic growth through reform and innovation. In the past, too much dependence on investment and export promotion has shifted to relying more on consumption-driven, service-driven and domestic demand. Last year, the contribution rate of consumption to economic growth rose to 64.6%, becoming the main force of economic growth; the value-added of service industry increased to 51.6%, accounting for half of the total; the ratio of the current account balance to GDP fell to 1.8. %, domestic demand has become the top pillar of the ring.
These major changes have highlighted the changes and enhancements in China's economic structure and quality, and have also kept economic growth more stable and sustainable, and brought more opportunities to the world. From the perspective of consumption, China not only buys a large amount of foreign consumer goods every year, but also imported 1.6 trillion US dollars of products last year, and it has reached 130 million people abroad.
At present, the Chinese economy is also facing many difficulties and challenges, and we are fully prepared for this. In the context of the transformation and upgrading of the domestic economy and the complicated foreign economic situation, it is inevitable that the indicators of the Chinese economy will fluctuate in a short period of time, but the steady and positive trend will not change. Earlier this year, I made it clear at the press conference that there is no hard landing in the Chinese economy. This is valid. From the situation in the first half of the year, we can fully realize the main objectives and tasks of economic and social development throughout the year. We will still adhere to the general tone of steady progress, and take the supply-side structural reform as the main line to promote the economy to accelerate transformation and upgrading and enhance endogenous motivation.
We will comprehensively deepen reforms and release greater market vitality and social creativity. In particular, we must focus on promoting decentralization, reducing taxes and reducing fees, and reducing institutional transaction costs and corporate burdens. Relax market access, promote fair competition, provide convenient services, and eliminate barriers to investment and development of various types of enterprises. We will implement a structural tax reduction policy and comprehensively clean up various enterprise-related charges. On the basis of tax reductions and 2 trillion yuan in the past few years, we have introduced measures this year to reduce the burden on enterprises by 1 trillion yuan. We will increase the intensity of inspectors so that market players have a real feeling of reducing the burden. China's “One Belt, One Road†initiative is based on sharing and sharing, providing new opportunities for countries and businesses around the world, and jointly developing third-party markets to achieve win-win results.
We will continue to use the methods of marketization and rule of law to promote the elimination of excess capacity and the elimination of backward production capacity in industries such as steel, coal, and coal and electricity. China has entered middle-income countries and consumption is crucial. Consumer demand is the final demand. Expanding consumption can expand the huge potential of the market, and it can drive more employment. We will adapt to the needs of consumption upgrading, continuously improve the consumption environment, cultivate consumption hotspots, and expand emerging consumption, which will not only improve. People's lives can also add momentum to the inclusive growth and sustainable development of the economy.
Li Keqiang said that it is better to adapt and guide economic globalization, safeguard the authority and effectiveness of the multilateral system, promote trade and investment liberalization and facilitation, and at the same time reform and improve international economic and trade rules to ensure equal rights among countries in international economic cooperation. Equal opportunities and equal rules.
Promoting inclusive growth must firmly safeguard economic globalization
At the Davos Forum in the winter of this year, President Xi Jinping delivered a keynote speech, which profoundly expounded China’s firm support for economic globalization and the maintenance of free trade. This forum is based on the theme of “Inclusive Growth in the Fourth Industrial Revolutionâ€, which is highly targeted.
Throughout the history of the world, every industrial revolution has promoted a great jump in social productivity and great progress in human civilization. This round of industrial revolution was born and raised in the context of economic globalization. Its speed, breadth and depth have never been seen before, and it has brought unlimited opportunities for the economic growth of all countries. But if the move is not done properly, it will also bring about inclusiveness in the growth.
Promoting inclusive growth can achieve a more balanced development, and vice versa will lead to part of the labor and resources idle, the market potential is difficult to fully play, social and regional differentiation will be prominent, and economic growth is difficult to sustain. In fact, achieving inclusive growth means enhancing social equity and developing inclusiveness; achieving inclusive growth means achieving sustainable growth.
Compared with the previous industrial revolution, achieving inclusive growth in the new round of industrial revolution has greater possibilities. Because the new round of industrial revolution represented by network, digitization and intelligence has not only created new supply and demand, but also greatly expanded the development space and brought more opportunities for equal participation. Almost everyone can use the Internet to make entrepreneurship and innovation more profitable.
Now, farmers in remote mountainous areas in China, and their characteristics produce 000061, shares can also be diagnosed through online shopping in a day or two, express delivery, quick access to major cities in China, the price is several times in local sales. This example shows that if we fully provide these opportunities to all people, as long as they are capable and willing to create, they will gain unprecedented opportunities, and small and medium-sized enterprises and large enterprises will also stand on the same starting line to develop and develop. More new leaders.
Developing countries can also make better use of comparative advantage and latecomer advantages, which are becoming a reality. What we have to do is to enable more people, enterprises and countries to achieve the development of inclusiveness in the new round of industrial revolution.
In today's era, to promote inclusive growth, we must firmly maintain economic globalization. Because economic globalization has greatly promoted the flow of goods, capital, and people, and enabled producers to have a larger market, consumers have more choices. After more than 30 years of reform and opening up, consumers can now choose the goods they want from all over the world. If there is no globalization and no opening, it is unthinkable. And all countries in the world have benefited from it.
In the face of globalization, both developing countries and developed countries will encounter such incompatibility problems. The root of these problems lies not in economic globalization itself, because globalization provides opportunities for all people and all countries, but if the preparation is insufficient and the adaptation is not enough, problems may occur. But we can't just sneak out because we walked, we don't go any further.
Instead, we should better adapt to and guide economic globalization, safeguard the authority and effectiveness of the multilateral system, promote trade and investment liberalization and facilitation, and at the same time reform and improve international economic and trade rules to ensure equal rights and opportunities for countries in international economic cooperation. Equality and equal rules.
Li Keqiang said that it will speed up the construction of an open economic new system that adapts to economic globalization and the new industrial revolution, further relax market access for service industries and manufacturing industries, and relax the restrictions on foreign-invested shares in some areas that foreign investors have invested in for many years. And improve the management model of the negative list, and treat foreign and domestic enterprises equally in the support policy.
Encourage foreign-funded enterprises to stay in China for their profits in China
We will actively expand opening up and create an internationally competitive business environment. Accelerate the construction of an open-ended economic new system that adapts to economic globalization and the new industrial revolution, further relax market access for service industries and manufacturing industries, and relax the restrictions on foreign-invested shares in some areas that foreign investors have invested in for many years, and promote and improve negative The management model of the list treats domestic and foreign-funded enterprises equally in terms of support policies. In the enterprise registration process, we are piloting some places, which will be fully pushed out whether it is domestic or foreign investment, and a window will be handled in a limited time to make it more convenient for foreign investors to operate in China.
We are actively promoting industrial manufacturing 2025, and we treat all domestic and foreign-funded enterprises registered in China equally in some scientific and technological innovation policies and supporting policies in line with WTO rules. We also encourage foreign-funded enterprises to stay in China for domestic profits. You can listen to the six roads and look at all directions. You can compare them in many aspects, but I believe that companies that invest in China for a long time will feel that this is the best investment. You have already integrated the economic development here, and have a strong localization ability. If you reinvest the newly added profits in China, you will definitely create more lucrative profits. Of course, I also assure you that the profits of all foreign-funded enterprises can be freely entered and exported according to your wishes, as long as they are obtained in China. There will be no restrictions.
We also support multinational companies to set up regional headquarters in China to guide foreign investment in China's western regions and the Northeast's old industrial bases, because there is great potential there. In the next five years, China will import 8 trillion US dollars of goods. China's long-term economic growth and openness will bring more opportunities to countries around the world and will continue to be the most attractive investment destination. We welcome the industrial and commercial circles of all countries to invest in China and grow together with the Chinese economy. This is also to promote the inclusive growth of the world economy.
Li Keqiang said that the current world economy is showing signs of recovery, but it is not stable. The driving force for economic recovery is still insufficient, especially the structural problems are more prominent, and the risks of geopolitics are rising. However, as long as we do not relax, we can use stability to overcome uncertainty.
Using stability to overcome the uncertainty of the world economy
Last night, I met with Mr. Schwab. Everyone recalled the Summer Davos Forum, which was born in Dalian 10 years ago. If it was a baby at that time, it has grown and is growing in the process of rapid changes in the world. of.
I walked out of the meeting room with Mr. Schwab and his wife and some of the guests. Looking at the distant view, there was a green hill. The surface of the green hill covered a mist. When we appreciated this picture, we thought of the world today. This green hill It represents the stability of the world, the sustainability of mankind, the irresistibility of human civilization, and this mist may represent the uncertainties of uncertainty in the world.
When we convene a meeting like today, it is precisely to use stability in the change and to adapt to the uncertainty of the development prospects of human civilization.
Now that the world economy continues to develop in the context of globalization, especially the new round of industrial revolution has spawned new industries, new technologies, and new forms of business. Humans have not been like today in any industrial or technological revolution in the past. There are more opportunities like this, but at the same time, we also notice that the voice of anti-globalization is on the rise.
The current world economy is showing signs of recovery, but it is not stable. The driving force for economic recovery is still insufficient, especially the structural problems are more prominent, and the risks of geopolitics are rising. However, I think that just as we saw the picture yesterday, in Chinese, as long as we insist that the green hills are not relaxed, we can use stability to overcome uncertainty. Of course, our stability is constantly increasing in innovation and change.
Li Keqiang said that we must first put employment at the forefront of development, because employment is the foundation of inclusive growth. Without more adequate employment, there is no such thing as inclusive growth. Increasing income and creating social wealth will become a root cause.
Employment is fundamental to inclusive growth
China is an active practitioner of inclusive growth. In recent years, in the context of the world economic downturn, an important reason why the Chinese economy has maintained a stable development is the increasing inclusiveness. We thoroughly implement the development concept of innovation, coordination, green, openness and sharing, conform to the new round of industrial revolution, seize the trend of globalization and continuously expand development, embody tolerance in development strategy, and ensure tolerance in institutional mechanisms. Policy initiatives promote tolerance and embark on a path of inclusive growth that is in line with their national conditions. Of course, we are still exploring.
We first insist on placing employment at the top of development because employment is fundamental to inclusive growth. Without more adequate employment, there is no such thing as inclusive growth. Increasing income and creating social wealth will become a root cause. There are more than 900 million laborers in China, and there are about 13 million college graduates every year. There is also a large amount of surplus labor in agriculture that needs to be transferred to cities and towns.
Therefore, we put the key indicators to measure the economic performance in employment, and we propose that steady growth is mainly to protect employment. We implement an active employment policy and adopt a series of measures to expand employment, create jobs, and ensure that at least one person in a zero-employment family is stable.
In the past few years, China’s cities and towns have added more than 13 million new jobs each year, and the urban survey unemployment rate has remained at around 5%. In the past four years, more than 50 million people have been employed in urban areas. Therefore, there are international authorities related to the World Economic Forum. Among the various economic indicators, China’s employment performance ranks first in the world. Of course, this may also be because China's population is the world's number one, but we do make the greatest efforts in employment.
For a large country with a population of more than 1.3 billion, the ability to maintain full employment is itself a major component of inclusive growth. The channels for employment should be opened up, and the number of jobs for employment must be increased. It is necessary to expand the participation of entrepreneurial innovation in the whole society. Everyone participates, everyone does their best, and everyone enjoys it. It is the core of inclusive growth and the characteristics of contemporary Chinese entrepreneurial innovation. .
Li Keqiang said that "double creation" has more opportunities for people to change their own destiny, and has also broadened the vertical flow channels of society. China's entrepreneurial innovation has also promoted economic transformation and upgrading. “Double Creation†has promoted the rapid development of emerging industries and brought many traditional industries to life.
"Double creation" broadens the vertical flow channels of society
In recent years, we have deeply implemented the innovation-driven development strategy, extensively carried out mass entrepreneurship and innovation, and built a fertile ground for social entrepreneurship and innovation, and achieved more than expected results. China's entrepreneurial innovation is widely participated by members of the society. Not only are there "double creations" promoted by scientific research units and enterprises, but more and more ordinary people are participating in it. In Chinese, the Eight Immortals cross the sea and show their magical powers.
Since we proposed "double innovation", if we count from 2014, we will add 40,000 new market entities every day, including 14,000 new registered enterprises, that is, about 5 million new registered enterprises a year. The activity of the company remains at around 70%. In May of this year, China’s newly registered enterprises reached 18,000. We create an open and shared “double-creative†platform, and all kinds of innovative entities work together, and the online and offline benign interactions, gathering wisdom and gathering people, make the cost of entrepreneurial innovation lower, faster and more efficient.
A few days ago, the World Intellectual Property Organization and other institutions issued the 2017 Global Innovation Index rankings. China has ranked 22nd, up 13 places from 2013, ranking first among middle-income economies. Our entrepreneurial innovation not only allows almost all people to have the conditions to create jobs, to play their own initiative, but also to benefit the people. We have implemented inclusive and prudent supervision on new industries, new formats, new models, such as e-commerce, mobile payments, and shared bicycles, which have promoted their healthy development. This not only created unimaginable jobs, but also facilitated the lives of the people. In the new employment in urban areas last year, the contribution rate of new kinetic energy accounted for about 70%.
"Double creation" has given more people the opportunity to change their own destiny, and has also broadened the vertical flow channels of society. China's entrepreneurial innovation has also promoted economic transformation and upgrading. “Double Creation†has promoted the rapid development of emerging industries and brought many traditional industries to life. I visited an 80-year-old enterprise in Dalian yesterday. They have developed a large number of “double-creative†platforms, which have customized more than 85% of their products. In the face of timely and changing market demands, every participant can be here. Flexive production line to play his talents. Therefore, "double creation" has also transformed the traditional kinetic energy. China's entrepreneurial innovation is an effective way to achieve inclusive growth because of its “publicityâ€, its rapid growth, its potential, and its strength.
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