The Policy-Making Layer Investigates &Nbsp Densely, And Solves The Multiple "Dilemmas" Of Macro-Economy.

Premier Wen Jiabao recently hosted a forum on economic situation in Hubei, Hunan and Guangdong in Changsha, pointing out that the seriousness of the impact of the international financial crisis and the tortuosity of economic recovery exceeded expectations. Be in a dilemma With the increasing number of problems, we should not only solve the long-standing structural problems, but also solve the outstanding pressing problems at the same time, which must be carried out under the premise of stable and rapid economic development. This is the second time in nearly ten days that Wen Jiabao has gone to the local area to investigate the economic development situation.

In recent years, the decision-making level has gone to various places to investigate and hold a forum on economic situation.

In June 25th and 26th, when Wen Jiabao went to Zhejiang, he pointed out that we should stick to the combination of distance and speed, accelerate the spanformation of the mode of economic development, and strive to optimize and upgrade the industrial structure. On the following 28 days and 29 days and two days, Wen Jiabao held a symposium on economic situation, emphasizing that we should persist in handling the relationship between maintaining stable and rapid economic development, adjusting the economic structure and managing inflation expectations.

On from June 24th to 25th, Vice Premier Li Keqiang of the State Council went to Shijiazhuang, Baoding and other places to investigate. He stressed the need to increase the overall planning for urban and rural development and promote the economic structure. Strategic adjustment 。

Meanwhile, in June 30th and July 1st, Vice Premier Zhang Dejiang of the State Council pointed out that it is necessary to accelerate the spanformation of the mode of economic development and vigorously promote the structural adjustment of state-owned economy.

At present, European debt crisis The deterioration of the world economic outlook is complicated; in China, inflation expectations have been strengthened, real estate regulation and control tasks are arduous, and steel and other industries are facing tremendous structural adjustment pressure, and the complexity of the economic situation is far beyond expectations.

According to economists, China's economy faces six "dilemma" problems: if the RMB appreciation is too fast, it will face export deterioration and employment difficulties, and it will face enormous international pressure if it does not appreciate.

It is necessary to enhance exports to stimulate the economy, nor to go past the old way of expanding exports. To raise the income of workers, the corresponding cost of enterprises will also increase. Real estate regulation can not be halves, but the real estate recession is also bad for the economy. Energy conservation and emission reduction should adjust the price of resources, but the current prices need to be controlled; the risk of macroeconomic policy is too early to have a two dip, and it will increase inflationary pressure if it is too late.

From the perspective of macroeconomic regulation and control, the biggest dilemma is actually the balance between ensuring growth and adjusting the structure. On the one hand, after the "V" reversal in 2009, GDP reached 11.9% in the first quarter of this year, but since the two quarter, economic growth will slow down quarterly. This trend has already been reflected in some of the leading indicators. Data released in July 1st showed that PMI fell to 52.1% in June and fell by 1.8 percentage points in June after a sharp drop of 1.8 percentage points in May.

On the other hand, the long-standing structural problems in China's economy are also gradually exposed. Economic growth is heavily dependent on exports, and investment in domestic demand is too high.

In response to the above-mentioned "dilemma", Wen Jiabao pointed out that we should focus on the current situation and focus on the long term, while persisting in doing a good job in total regulation and control, and strive to improve the system and mechanism, deepen the reform to solve the current outstanding contradictions, and lay the foundation for the steady and rapid economic development next year and even for a longer period.