(source: Official Website of national development and Reform Commission)
"We are full of confidence in achieving a smooth start in the first quarter and maintaining the annual economic operation within a reasonable range." Yuan Da, director of the comprehensive Department of national economy of the national development and Reform Commission, stressed at the first press conference in 2022.
On January 18, the national development and Reform Commission held the first press conference in 2022. The relevant person in charge of the national development and Reform Commission summarized the economic development of the whole year and responded one by one to hot issues such as the economic trend in 2022, whether energy supply can be guaranteed, how to expand effective investment, and how to treat the default of foreign debt of real estate enterprises.
Looking forward to the economic trend in 2022, Yuan Da pointed out that on the whole, the trend of China's sustained economic recovery and development has not changed, the conditions of production factors supporting high-quality development have not changed, and the long-term fundamentals have not changed. The national development and Reform Commission is full of confidence in achieving a stable start in the first quarter and maintaining the economic operation in a reasonable range throughout the year.
full of confidence that the economy will operate within a reasonable range in 2022
Looking forward to the economic trend in 2022, Yuan Da pointed out that on the whole, the trend of China's sustained economic recovery and development has not changed, the conditions of production factors supporting high-quality development have not changed, and the fundamentals of long-term improvement have not changed. The national development and Reform Commission is full of confidence in achieving a stable start in the first quarter and maintaining the economic operation in a reasonable range throughout the year.
From the perspective of development foundation, China's economic development and epidemic prevention and control have maintained a leading position in the world. From the perspective of factor conditions, China is making efforts to solve the problem of factor shortage in the supply field, and the supply guarantee of energy and raw materials has been significantly enhanced. From the perspective of endogenous power, China is accelerating the formation of a strong Chinese market and taking new steps in building a new development pattern. From the perspective of policy support, we strengthened the organic combination of cross cyclical and counter cyclical macro-control policies, and the combination effect of the "seven policies" continued to release. At the same time, there is still much room for macro policy, with more policy reserve tools, and the ability to maintain the stable operation of the economy.
In Yuan Da's view, three key points should be grasped in terms of macro-control this year: first, give prominence to stability, and macro policies should be stable and effective; Second, strengthen overall policy coordination and form a joint force for steady growth; Third, focus on the stable start of the economy, and the policy force should be appropriately advanced.
Yuan Da pointed out that the active fiscal policy should improve efficiency, ensure the intensity of fiscal expenditure, accelerate the progress of expenditure, and accurately implement the combined tax reduction and fee reduction policy with greater efforts around key industries such as small, medium-sized and micro enterprises, individual industrial and commercial households and manufacturing. A prudent monetary policy should be flexible and appropriate, maintain reasonable and sufficient liquidity, guide financial institutions to increase their support for the real economy, and promote a steady decline in comprehensive financing costs. We will implement the employment priority policy and effectively ensure the employment of key groups.
Yuan Da stressed the need to strengthen the coordination and linkage between fiscal, monetary and employment policies and policies such as industry, investment, consumption, region, environmental protection and reform, and do a good job in the effective connection between economic policies and non economic policies. All policies should be evaluated and analyzed before they are issued, policies conducive to economic stability should be actively promoted, and policies with contraction effect should be introduced carefully.
accelerate the construction of large-scale wind power photovoltaic base project
For the power generation and consumption in 2021, Jin Xiandong, director of the Policy Research Office of the national development and Reform Commission, introduced that from the perspective of power generation, the power generation of industries above Designated Size in 2021 was 8112.2 billion kwh, a year-on-year increase of 8.1%, an increase of 11.0% over 2019, and an average increase of 5.4% over the two years. In December, the national power generation was 723.4 billion kwh, a year-on-year decrease of 2.1%; Among them, electricity, wind power and Cecep Solar Energy Co.Ltd(000591) power generation increased by 5.7%, 30.1% and 18.8% respectively year-on-year.
In terms of power consumption, the power consumption of the whole society in 2021 increased by 10.3% year-on-year. Among them, the first, second, third and residential power consumption increased by 16.4%, 9.1%, 17.8% and 7.3% respectively year-on-year.
Since 2021, the national power consumption has increased rapidly, and the power supply and demand in some regions are tight during peak hours. As for the power supply and demand situation in 2022, Li Yunqing, director of the economic operation regulation Bureau of the national development and Reform Commission, said that it is expected that the national power consumption and maximum power load will continue to grow rapidly in 2022. At the same time, the overall planning of economic and social development, clean and low-carbon transformation of energy, carbon peak and carbon neutralization and other goals put forward higher requirements for power supply protection.
Li Yunqing said that the national development and Reform Commission will do a good job in power supply protection from three aspects. First, give full play to the role of various power supplies. Second, give full play to the role of large power grid in optimizing the allocation of resources. Second, give full play to the role of large power grid in optimizing the allocation of resources.
Li Yunqing also said that based on the implementation of peak shaving resources and consumption market, the national development and Reform Commission will accelerate the construction of large-scale wind power photovoltaic base projects focusing on deserts, Gobi and desertification areas, and make every effort to improve the supply guarantee capacity and optimize the energy structure.
the output of new energy power generation will be increased through multiple channels
At the end of September 2021, there was a tight supply of coal and electricity in some parts of China, which attracted the attention of all sectors of society. For the work of energy supply and price stabilization, Li Yunqing, director of the economic operation regulation Bureau of the national development and Reform Commission, introduced that the national development and Reform Commission, together with all relevant parties, has promoted the work of energy supply and price stabilization to achieve phased results, the coal price has returned to a reasonable range, the coal storage in the power plant has reached the highest level in the same period in history, the power supply has remained stable, and the supply of natural gas resources is relatively sufficient.
As for the impact of the sharp rise in European natural gas prices since the beginning of winter, Li Yunqing said that since the beginning of winter, China's natural gas supply has been better than in previous years. From the perspective of price operation, the price of natural gas in the Chinese market is basically stable, and the gas consumption peak even decreased year-on-year, which is far lower than the gas price level in the global market. The price of gas for residents' living and other people's livelihood remained stable. At present, the supply of natural gas resources across the country is sufficient, which can ensure the warmth of the people during the Spring Festival holiday.
Li Yunqing pointed out that the current national energy supply is generally stable, but the supply and demand situation and the international market environment are still relatively complex. The national development and Reform Commission will continue to deepen the construction of energy production, supply, storage and marketing system to provide solid and reliable energy guarantee for economic and social development. First, ensure the safe and stable supply of energy. Second, ensure that the masses are warm for the winter. Third, ensure the smooth operation of economy and society.
Li Yunqing said that the national development and Reform Commission will strengthen the operation management of coal-fired and gas-fired units, improve the peak capacity and increase the power generation output of new energy through multiple channels. Promote the full capacity production of China's oil and gas fields and maintain the safety and stability of crude oil, pipeline gas and LNG imports. Pay close attention to important periods such as the Spring Festival holiday, the Winter Olympic Games and the winter Paralympic Games, strengthen operation scheduling and ensure stable and orderly energy supply.
strengthen new infrastructure such as 5g, data center and industrial Internet
Actively expanding effective investment plays a key role in optimizing the supply structure, maintaining economic operation in a reasonable range and promoting high-quality economic development. Yuan Da said that in 2022, the national development and Reform Commission will do a good job in investment.
Specifically, there are five aspects:
First, infrastructure investment should be moderately advanced.
We will continue to promote the construction of traditional infrastructure such as transportation, energy, water conservancy, agriculture, environmental protection and logistics, strengthen the construction of new infrastructure such as 5g, data center and industrial Internet, and promote the digital transformation of traditional infrastructure. We will accelerate the construction of affordable housing, do a good job in the transformation and construction of urban pipelines, comprehensively promote the treatment of urban waterlogging, and strengthen the construction of "one old and one small", education, medical treatment, culture and sports and other areas of social and people's livelihood.
Second, solidly promote the implementation of 102 major projects in the 14th five year plan. Refine the list of engineering projects and clarify the specific tasks that can be measured and assessed according to the characteristics of the project. Strengthen the guarantee of various resource elements such as land, sea and energy, financial support, strengthen supervision and coordination, and solidly promote the implementation and effectiveness of major engineering projects.
Third, strive to expand effective investment in manufacturing. Implement the industrial foundation reconstruction project. Increase support for the transformation, optimization and upgrading of traditional industries. Accelerate the transformation of energy conservation and carbon reduction in industries such as industry, construction and transportation. Optimize the layout of regional industrial chains and orderly promote the transfer of industries in the eastern region to the central and western regions with resources and labor advantages.
Fourth, give play to the leading role of investment in the central budget. In accordance with the requirements of concentrating efforts on major, difficult and urgent matters, we will organize investment projects within the central budget. Accelerate the issuance of the investment plan in the central budget for 2022, accelerate the implementation progress of the investment plan, strengthen the supervision during and after the event, and improve the project construction quality and fund use efficiency.
Fifth, further promote social investment. Establish and improve the docking mechanism of social capital investment and financing cooperation. We will deepen the reform of the examination and approval system for investment projects and implement innovative measures such as the commitment system for enterprise investment projects. We will promote the pilot of real estate investment trusts (REITs) in the field of infrastructure, promote the revitalization of stock assets and form a virtuous circle of investment.
the default of individual real estate enterprises on overseas foreign debt will not affect the overall function of the Chinese funded overseas foreign debt market
Overseas bond issuance is an important tool for enterprises to make effective use of overseas funds and improve their international operation level and resource allocation ability. It is of great significance to enrich the forms of foreign capital utilization and promote China's economic development. Jin Xiandong introduced that in 2021, 335 Chinese enterprises issued 592 medium - and long-term bonds overseas, with a total amount of US $1958.5 billion.
On the whole, there are more and more Chinese funded foreign debt issuers, the proportion of high-quality enterprises in the issuance scale has increased, the comprehensive financing cost has decreased significantly, the effect of serving the real economy has become more obvious, and the role of supporting major national strategies and key areas has become more prominent.
"We also noted that last year, some highly leveraged real estate enterprises defaulted on overseas bonds due to their own business problems, resulting in a brief panic in the real estate sector of the Chinese funded overseas foreign debt market." Jin Xiandong said that this belongs to the self-regulation of the market and will not affect the overall function of the Chinese funded foreign debt market. In the long run, the Chinese funded foreign debt market will further mature and improve
