China Times (www.chinatimes.net.cn) reporter Zhang Qi and Xu Yunxi reported in Beijing that
Maintaining prices is related to the vital interests of thousands of households and the overall economic and social development. Since the beginning of this year, some unexpected changes such as complex evolution of international geopolitics and a new round of epidemics in China have had a certain impact on my country's economy. However, under a series of combinations of national policies to ensure supply and stabilize prices, my country has always maintained stable prices and its economy is operating within a reasonable range.
A few days ago, Niu Yubin, deputy director of the Price Department of the National Development and Reform Commission, said at a press conference of the National Development and Reform Commission that in the past ten years, my country's prices have been operating stably, and the total price level has always remained within a reasonable range. The average annual increase of CPI is about 2%, fully reflecting the major achievements in price reform, price regulation, and supply and price stability.
Niu Yubin pointed out that since the 18th National Congress of the Communist Party of China, price authorities at all levels have conscientiously implemented the decisions and deployments of the Party Central Committee and the State Council, adhered to the people-centered development philosophy, adhered to the organic combination of " effective market " and "proactive government", and actively explored the establishment of a price control system with Chinese characteristics. Price reform has made significant breakthroughs, which has played an important role in improving the socialist market economic system of .
IPG China's chief economist Bai Wenxi told the reporter of " China Times ": "The National Development and Reform Commission plays a comprehensive role in policy formulation, work guidance, supervision and inspection and direct use of national material reserves to regulate the market. The National Development and Reform Commission's 'policy combination punch' has brought about a market state with sufficient supply and stable prices that basically meet the policy demands."
"In the macro environment where all countries are eager to deal with the inflation crisis, China's 'stable price' at this time is even more valuable." Qiu Wenxu, a special researcher at the International Cooperation Center of the National Development and Reform Commission and director of the Industrial Development Department of the Silk Road Social Sciences Research Institute, told the reporter of the China Times.
Market system construction has made great achievements
"Since the 18th National Congress of the Communist Party of China, all parties have worked together to promote the construction of my country's market system to achieve great achievements." Jiang Yi, deputy director of the Department of the National Development and Reform Commission, said.
The major achievements in my country's market system construction are mainly reflected in four aspects. First, the market scale effect has been further highlighted. The total economic output rose from 53.9 trillion yuan in 2012 to 11.44 trillion yuan in 2021, with the total number of market entities exceeding 160 million; second, the basic market system continues to be improved. Property rights protection has been comprehensively strengthened, intellectual property protection has achieved remarkable results, market access restrictions have been continuously relaxed, consensus on fair competition has been continuously consolidated, and the social credit system has been gradually improved; third, the reform of market-oriented allocation of factors has been deepened. The reform of the land management system has been continuously deepened, the channels for labor and talent flow have been further unblocked, the capital market's ability to serve the real economy has been continuously strengthened, and the technology and data factor market has been steadily developed; Fourth, the market environment and quality have been significantly improved. The global ranking of the business environment has jumped from 96th place in 2013 to the latest 31st place, and the global innovation index ranking has risen from 34th place ten years ago to 12th place now. Under the market system that is operating reasonably,
has achieved remarkable results in ensuring supply and stabilizing prices.
"The supply of important people's livelihood commodities is sufficient and the prices are basically stable, providing strong support for stabilizing prices." Niu Yubin pointed out, "After all efforts, my country's important people's livelihood commodities have achieved remarkable results. The regulation mechanism has been gradually improved, and the quantity and price stability of important people's livelihood commodities are sufficient. The total price level is running within a reasonable range."
"On the basis of continuing to do a good job in ensuring energy supply and price stability, the National Development and Reform Commission has summarized years of practical experience in price regulation, fully considered the operation laws of the coal and electricity markets, seized the rare opportunity to launch a "combination punch" of the reform of coal prices and electricity prices mechanisms. On the one hand, it improves the coal market price formation mechanism, and on the other hand, it deepens the market-oriented reform of coal-fired power generation on-grid electricity prices." Niu Yubin said.
Take the coal price in the first half of September this year as an example. The average price of coal futures in Newcastle Port in Australia is US$438/ton (equivalent to more than RMB 3,000/ton), an increase of 158% year-on-year. The spot price of domestic coal ports is RMB 1,028/ton, basically the same as the same period last year; the trading electricity prices in the UK, France and Germany have risen to 4-10 times that of the same period last year, while the average electricity price of my country's electricity users has only increased by 10% year-on-year. The electricity prices of residents and agriculture have remained stable, effectively ensuring the stable operation of the economy and society.
In addition to energy, my country has increased its efforts to ensure supply and stabilize prices for key people's livelihood products such as grain and food this year. From January to August, my country's cumulative year-on-year increase was only 1.9%, significantly lower than the level of 8.3% in the United States and 7.6% in the euro zone. The total price level in my country is operating within a reasonable range.
Qu Wenxu told the reporter of the China Times: "In the macro environment where all countries are eager to respond to the inflation crisis, China's 'stable price' at this time is even more valuable."
"The National Development and Reform Commission plays a comprehensive role in policy formulation, work guidance, supervision and inspection and direct use of national material reserves to regulate the market. The National Development and Reform Commission's 'policy combination punch' has brought about the current market state of sufficient supply and stable prices that basically meet the policy demands." Bai Wenxi told the reporter of the China Times.
promotes the implementation of major foreign investment projects
At the press conference, Xia Qing, deputy director of the Foreign Investment Department of the National Development and Reform Commission, also mentioned: "In the first eight months of this year, my country actually used 892.74 billion yuan of foreign investment, which still maintained double-digit growth based on the high base last year."
Over the past decade, my country has achieved good results in attracting foreign investment. Xia Qing introduced that in the past decade, my country's investment attraction scale has been firmly ranked among the top three in the world, and foreign investment can be used to rank steadily. The Foreign Investment Law was officially implemented in 2020, and the legal guarantees were more perfect; the negative list of foreign investment access for five consecutive years has been reduced, and foreign investment access has become more open; the "Catalogue of Industry Encouraging Foreign Investment" has been revised many times, and the promotion measures have been more powerful; various departments and localities have cleaned up laws, regulations and normative documents that are inconsistent with the Foreign Investment Law for three consecutive years, and have promoted the "stamp and reorganization" of more than 500 documents, making market competition more fair.
"In the next step, we will thoroughly implement the decisions and deployments of the CPC Central Committee and the State Council, and work with all departments and localities to effectively implement various policies and measures to stabilize foreign investment." Xia Qing pointed out.
is the first to be the stepping up the issuance of the 2022 edition of the "Catalogue of Industries Encouraging Foreign Investment". The new version of the "Catalog" will further expand the scope of encouragement and guide foreign investment to key areas such as manufacturing and productive services, as well as the central, western and northeastern regions.
In addition, we will speed up the introduction of special policies for attracting investment in manufacturing. In the near future, we will release policies and measures to promote the expansion of foreign capital in the increase and stabilization of stocks and improve quality with the manufacturing industry, strengthen investment services, improve the quality of investment attraction, and expand the inflow of foreign capital in manufacturing. At the same time, promote the implementation of major foreign-invested projects. Further improve the special working mechanism for major foreign-invested projects; strengthen foreign investment services. Organize and carry out a series of international industrial investment cooperation activities in appropriate ways to build a platform for multinational corporations' investment and local investment promotion.
Bai Wenxi told the reporter of the China Times: "The National Development and Reform Commission's move to stabilize foreign investment has a direct and positive effect on promoting stable growth through investment and stabilizing foreign investment to ensure the stability of foreign exchange reserves and maintaining the stability of RMB exchange rate ."
