Comprehensive recovery demonstrates the strong resilience of our bet365 mobile betting
December 11, 2023 10:35 Source: "bet365 mobile betting Journal" Issue 2791, December 11, 2023 Author: Reporter Wei Siyu

 News from bet365 mobile betting newspaper (Reporter Wei Siyu)China Macroeconomic Forum (CMF) Annual Forum (2023-2024) was recently held in Beijing,The forum released the "China Macroeconomic Analysis and Forecast Report (2023-2024)"。Report states,Benefiting from the comprehensive restoration of production and living order in our country,And the solid advancement of high-quality development brought about by the accelerated formation bet365 mobile betting new development pattern,Currently, our country’s economy has achieved full recovery,It is expected that the full-year GDP in 2023 will achieve 5.3% growth。

National Bureau of Statistics data display,The first three quarters of this year,Release the backlog of demand in the early stage、Under the combined effect of policy support and low base effect,my country’s macroeconomic growth trend is obvious,GDP growth year-on-year 5.2%,At the forefront bet365 mobile betting world's major economies。simultaneously,The shrinking demand faced by our country、Supply shock、The triple pressure of expected weakening has been relieved to varying degrees,Showing the operating characteristics of bottoming out。current,Weak economic recovery in the world、Global inflation remains high、In the context of prominent spillover effects of monetary tightening in major economies,my country’s economic growth rate can still maintain its leading position in the world,further demonstrates the strong resilience of economic development。

Compared with the recovery of previous economic cycles,my country’s economy will show some new characteristics in its operation in 2023。January-October 2023,my country’s economic performance continues to recover and improve,Consumer demand is picking up steadily,Resident consumption expenditure continues to recover;Industrial production has accelerated,Industrial enterprises’ profit decline narrows,New kinetic energy、Rapid development of new products,But consumer prices are stable but declining、The year-on-year decline in industrial producer prices slightly expanded、Related indicators bet365 mobile betting real estate market continue to weaken and other phenomena also exist。In the view of Xiao Gang, former chairman bet365 mobile betting China Securities Regulatory Commission,These trends indicate,Currently, our country’s economy is facing a combination of shrinking external demand and insufficient domestic demand、The reduction of overcapacity in traditional industries and the slowdown in growth of emerging industries coexist、Problems such as periodic decline in market prices and lack of corporate confidence,But looking at it as a whole,The long-term positive trend of my country’s economic development has not changed,Showing wave-like development in this process、Characteristics of zigzag progress。

 The direction of my country’s macroeconomic policies in 2024,Becoming one bet365 mobile betting focuses of attention bet365 mobile betting participating scholars。Gao Peiyong, member bet365 mobile betting Chinese Academy of Social Sciences thinks,my country’s current economy is different from the previous economic cycle recovery process,Therefore, the analysis of macroeconomics at this time can no longer simply copy the previous analytical thinking and models,We must actively pay attention to the new characteristics and new requirements presented in this round of economic recovery,Precisely allocate limited macro-control resources to various focus points and key points in the economic recovery process,Achieve refined analysis and precise control。Mao Zhenhua, co-director bet365 mobile betting Institute of Economics at Renmin University of China, also said,The current problem facing our country’s economy is a deep cyclical adjustment,Rather than a rebound after a short-term shock,Therefore, my country should build a strong bottom in the future,Accelerate the repair bet365 mobile betting underlying market,Improve residents’ spending power and confidence,Promote the business development of small and medium-sized enterprises,Properly cope with various risks in the economic downturn。Yu Ze, deputy dean bet365 mobile betting School of Economics at Renmin University of China, thinks,my country needs to strengthen market-oriented reforms in 2024,Strengthen countercyclical policies and aggregate macro policies in the short term,More oriented on people’s livelihood expenditure in fiscal policy、Expand total fiscal expenditure,Monetary policy should further focus on reducing the liability-side costs of financial institutions,Strengthen policy coordination mechanism。

Overall view,The participating scholars agreed,Our country’s economy has huge resilience and space,Facing China’s current economic problems,The most important thing is to find the vitality and motivation bet365 mobile betting economy。Among them,The vitality bet365 mobile betting economy comes from the market、Competition and openness,The driving force bet365 mobile betting economy comes from incentives。The micro foundation is becoming more and more important in the current macroeconomic operation of our country,In order to return our country’s economy to the normal development track,It is necessary to make different market entities have confidence、expected、Produce dynamically、Investment and Consumption,This requires further deepening the socialist market economic reform with Chinese characteristics。

Wu Xiaoqiu, Dean bet365 mobile betting National Institute of Financial Research at Renmin University of China said,In deepening the reform bet365 mobile betting socialist market economy with Chinese characteristics,Perfect legal system、Good business environment and policy continuity、Stability and effectiveness are the fundamental solutions to China’s economic problems,In the future, our country should focus on system construction,Let the market play a decisive role in resource allocation,Using institutions to lead our country’s economy to achieve high-quality development。

The forum is organized by the National Institute of bet365 mobile betting and Strategy, Renmin University of China、Co-sponsored by the School of Economics, Renmin University of China。

Editor: Zhang Jing
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