Looking ahead to the Two Sessions: As China’s economic recovery is underway, how will development goals be set this year?

Source: admin Time: 2021-02-23

During the just-concluded Spring Festival holiday, China's key retail and catering companies achieved sales of approximately 821 billion yuan (RMB, the same below), movie box office revenue exceeded 7.8 billion yuan, and 660 million pieces of express delivery were delivered during the "Spring Festival travel rush"... The strong consumption during the Spring Festival has allowed the momentum of China's stable economic recovery to continue.

Looking back at 2020, China was the first to control the epidemic, resume work and production, and achieve positive economic growth. Major indicators such as employment, prices, and international balance of payments were all better than expected throughout the year, and the goals and tasks of poverty alleviation were fully completed as scheduled.

This answer was hard-won, thanks to China's decisive extraordinary measures in extraordinary times. Under the premise of effectively controlling the epidemic, since the two sessions of the National People's Congress last year, a package of macroeconomic policies such as issuing special government bonds and increasing the deficit ratio have been precisely implemented, which has better supported the growth of China's real economy and effectively filled the global supply gap of necessities such as epidemic prevention materials and other industrial products under the impact of the epidemic, making important contributions to the economic recovery at home and abroad.

Another National People's Congress and the Chinese People's Political Consultative Conference are approaching. China's economy has undergone new changes and is also facing new challenges. How to formulate this year's development goals and how to implement macro-control are of concern to the market.