The economic growth rate is about 5%, which is a goal that can be achieved with positive attitude and hard work——

At the press conference, Zheng Zhajie responded to reporters' questions about how China's economy can achieve its growth goals with "one leap forward".

This press conference lasted more than two hours. Five heads of ministries and commissions directly faced the hot issues of economic development, responded to the questions and concerns of 17 Chinese and foreign journalists one by one, and at the same time, released the confidence and confidence that China's economy will be able to "leap forward".

"Increase" and "Decrease": increase energy and reduce burden for enterprises

Increase momentum - macro policies continue to strengthen, and fiscal policies moderately strengthen, improve quality and efficiency.

"We will promote large-scale equipment renewal and consumer goods replacement, issue and use of extra long term special national debt and other incremental policies." Zheng Jiejie said that, on the basis of strengthening the implementation of macro policies last year and systematically playing a "combination punch", this year we will further strengthen regulation and coordination of fiscal, monetary, employment, industrial, regional and other policies, Comprehensive measures form a resultant force.

"Moderate strengthening, quality improvement and efficiency increase are the keynote and characteristics of this year's fiscal policy." Lan Fo'an pointed out that the intensity of fiscal expenditure this year has expanded on the whole, the deficit ratio is arranged at 3%, and continues to maintain a high level, with the deficit scale reaching 4.06 trillion yuan; The national general public budget expenditure reached 28.5 trillion yuan, an increase of more than 1 trillion yuan over the previous year.

Burden reduction - We will continue to implement structural tax and fee reduction policies, and promote the steady decline of social comprehensive financing costs.

Lan Fo'an said that the structural tax and fee reduction policy will continue to be implemented. On the basis of implementing the preferential tax policies that were continued and optimized last year, we will study and introduce targeted structural tax and fee reduction policies this year, focus on supporting scientific and technological innovation and manufacturing development, and better serve the construction of a modern industrial system.

In 2023, the People's Bank of China will cut interest rates twice, and reduce the interest rate of existing mortgage loans, guide major banks to cut deposit interest rates, and in February this year, guide the market quoted interest rate of loans over five years to reduce by 0.25 percentage points. Pan Gongsheng, President of the People's Bank of China, said: "We will take maintaining price stability and promoting a moderate price recovery as an important consideration of monetary policy, make overall plans for the health of the banking balance sheet, and continue to promote the steady and moderate decline of social comprehensive financing costs."

"Hard" and "Soft": Balancing Hard Investment and Soft System

Hard investment - focus on the construction of key projects and strengthen project and capital supervision.

Investment is an important way and effective means to stabilize growth and promote development.

The government work report on the 5th proposed that from this year on, it is planned to issue ultra long term special treasury bonds for several consecutive years, specifically for the implementation of major national strategies and security capacity building in key areas.

Zheng Jiejie said that issuing super long term special treasury bonds can not only stimulate current investment and consumption, but also lay the foundation for long-term high-quality development. Preliminary consideration will focus on supporting scientific and technological innovation, integrated urban and rural development, coordinated regional development, food and energy security, high-quality population development and other fields.

He also pointed out that to further improve the investment efficiency, the focus should be on "three more": the investment direction should be more accurate, the factor allocation should be more efficient, and the investment environment should be more convenient.

As for fund supervision, Lan Fo'an stressed that we should strengthen budget performance management, improve the efficiency of using financial funds, enforce financial discipline, and resolutely prevent financial funds from "leaking".

Soft system - promote the introduction and implementation of supporting policies, and promote the implementation of major measures with high quality.

With regard to encouraging and supporting the expansion of private investment, the National Development and Reform Commission will guide local governments to implement the new mechanism of cooperation between the government and social capital, and will do its utmost to encourage and support private enterprises to participate in the construction of national major engineering projects and projects to remedy weaknesses.

With regard to expanding consumption and stimulating potential consumption, the Ministry of Commerce will highlight key categories and festival seasons, guide various regions to carry out colorful and diverse "Consumption Promotion Year" series of characteristic activities, and continue to release consumption potential.

With regard to the "five major articles" of science and technology finance, green finance, inclusive finance, pension finance and digital finance, Pan Gongsheng pointed out that it is necessary to strengthen top-level design and systematic planning, strengthen guidance and incentives for financial institutions, and improve the service ability of financial institutions.

On how to improve the quality of listed companies, Wu Qing said that the CSRC and local governments are visiting to help listed companies solve some practical difficulties. He stressed that systems such as IPO, M&A and reorganization, and equity incentive should also keep pace with the times, further adapt to the needs and characteristics of the development of new quality productivity, make necessary adjustments and improvements, and enhance the inclusiveness and adaptability of the system.

"Competition" and "Cooperation": Open Cooperation in Competition

Look at competition - China's consumption potential, innovation impetus and development vitality continue to release, and its competitiveness continues to improve.

In 2023, China's consumer market will recover steadily in general, and the contribution rate of consumption to economic growth will reach 82.5%; During the Spring Festival this year, the sales of key retail and catering enterprises nationwide increased by 8.5% year on year.

In 2023, the export of the "new three types" will grow by nearly 30%, of which the export of new energy vehicles will be more than 1.2 million, with an increase of 77.6%. The export volume will rank first in the world and drive the export of new cars to rank first in the world.

In 2023, China's high-tech manufacturing investment will grow by 9.9%, 3.4 percentage points higher than the overall growth of manufacturing investment; The R&D expenditure was 3.3 trillion yuan, with an intensity of 2.64%, and major innovation achievements continued to emerge.

"In 2024, the favorable conditions for China's economic development will be stronger than the unfavorable factors, and the economic recovery will be further consolidated and strengthened. We have strong support from both the short cycle and the long cycle of economic development," said Zheng Zhajie.

Look at cooperation - expand high-level opening up, promote mutual benefit and win-win results, and consolidate the basic market of foreign trade and foreign investment.

How can we steadily expand institutional openness, enhance the linkage effect of domestic and international markets and resources, and foster new advantages in international economic cooperation and competition?

At the press conference, Wang Wentao talked about the 13th Ministerial Conference of the World Trade Organization (MC13) that he led a delegation to attend recently. At the meeting, the Agreement on Investment Facilitation for Development was formally concluded, in which China played a key leading role. After the Agreement comes into force, it will help to improve the level of global investment liberalization and facilitation, improve the international investment environment, and better respond to the strong demands of developing members to attract foreign investment and develop their economies.

How to cultivate new momentum of foreign trade and promote high-quality development of foreign trade? Wang Wentao said, "The industrial base, factor endowments and innovation capabilities that support the development of foreign trade are constantly strengthening, export commodities are climbing up the value chain, import market opportunities are also expanding, import and export have great potential, and foreign trade has shown strong resilience. We have confidence and confidence in consolidating the foreign trade capital base."

Wang Wentao also said that he would deepen cooperation in the production and supply chain with willing global trade partners to build an inclusive, resilient and sustainable industrial chain supply chain; We will accelerate the digitization of international trade documents, build consensus on cooperation in multilateral and bilateral fields, and explore cooperation paths. "

How to promote the opening up of the financial sector? Pan Gongsheng said that opening up is China's basic national policy. The People's Bank of China will adhere to the orientation of marketization, rule of law and internationalization, enhance the transparency, stability and predictability of the opening policy in the financial field, and continue to promote high-level financial opening.

"We will continue to strengthen the connectivity of domestic and overseas financial markets, attract more investors to invest in China's financial markets; support high-quality Chinese enterprises to list overseas and issue bonds for financing, and encourage China's sovereign wealth funds, financial institutions and other business entities to invest abroad." Pan Gongsheng said.