On September 29, the National Development and Reform Commission of held a press conference to introduce the work related to my country's economic system reform and high-level opening up since the 18th National Congress of the Communist Party of China. Meng Wei, spokesperson of the National Development and Reform Commission, introduced that the development environment of my country's private economy has been continuously optimized and the private economy has continued to grow. In the past 10 years, the number of private enterprises has increased from 10.85 million to 44.57 million, quadrupled.

↑Site of the press conference
Judging from the achievements made in the entire macroeconomic governance reform, Meng Wei pointed out that the macroeconomic regulation and control system with national development plan as the strategic orientation and fiscal policy and monetary policy as the main means, and the macroeconomic regulation and control system, which coordinates employment, industry, investment, consumption, environmental protection, regional and other policies, is constantly improving. The macro-control methods have also continued to innovate, and interval control, directional control, camera control, countercyclical and cross-cycle adjustment are more flexible and effective, keeping the economy running within a reasonable range.
Reforms in important areas and key links continue to deepen. Meng Wei said that my country vigorously promotes price mechanism reform in key areas such as energy resources and transportation, and maximizes the liberalization of prices in competitive fields and links; strengthens price supervision of monopoly industries, strengthens price regulation of important people's livelihood commodities and bulk commodities, effectively responds to the increasing pressure on international imported inflation, the spread of domestic epidemics, abnormal weather, etc., and maintains the smooth operation of the overall price level.
On the other hand, my country's ability to utilize foreign capital has also been continuously improved. Meng Wei said that my country continues to promote investment liberalization and facilitation, further optimize the foreign investment environment, and protect the legitimate rights and interests of foreign investment. A number of major foreign-invested projects have been put into production and expand their capacity one after another, and the scale of attracting foreign investment has repeatedly hit a record high. As of the end of 2021, my country has attracted more than US$2.6 trillion in foreign direct investment. At the same time, we support enterprises to use international funds reasonably and strongly support the high-quality development of key industries in key areas. While
is "bringing in", the results of enterprises "going out" are also significant. Meng Wei pointed out that my country has continuously improved the management and services of enterprises' overseas investment, the level of facilitation of overseas investment has been significantly improved, and risk prevention and control and security guarantees have been continuously strengthened. The number of overseas Chinese-funded enterprises increased from nearly 22,000 at the end of 2012 to more than 45,000, and the stock of overseas investment increased from US$0.5 trillion at the end of 2012 to more than US$2.7 trillion, promoting mutual benefit and win-win results between my country and the host countries.
Red Star News Reporter Yang Yuqi Wu Yang Reporting
Editor Guan Li Zhang Li
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