Before we begin our work in 2022, it is always important to look at what policymakers have installed for the year ahead. This is crucial for future investments as it allows us to have a sneak peek at future areas of growth that will be backed by policies.
Below is meeting information summarized in point form and we have arranged them in a format easy for us to interpret.
Current situation
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External issues
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The raging epidemic has led to an unstable external supply
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Technology Policy
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Structural policy
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Primary products
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Intensified conflicts lead to slow growth in external demand
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Foreign investment
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Domestic demand
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Internal issues
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Old economy and market players need to speed up and improve efficiency
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Mechanism reform
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Micro-policies continue to stimulate the vitality of small market players
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Technological innovation
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The science and technology policy should implement a three-year action plan for the reform of the science and technology system, and formulate and implement a ten-year plan for basic research.
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Structural policies should focus on smoothing the national economic cycle
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Antitrust
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Common prosperity
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Regional policies should promote the coordinated development of eastern, central, western, and northeastern regions
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Social policies must coordinate the promotion of economic development and people’s livelihood protection
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New momentum (new growth areas) requires incentives and sustainable development
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It is necessary to correctly understand and grasp the carbon peak and carbon neutrality
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Macro-policy
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Monetary policy
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A prudent monetary policy must be flexible and appropriate to maintain reasonable and sufficient liquidity
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Guide financial institutions to increase support for the real economy, especially small and micro enterprises, technological innovation, and green development
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Fiscal Policy
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A proactive fiscal policy must improve efficiency, pay more attention to precision and sustainability
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To ensure the intensity of fiscal expenditures and speed up the progress of expenditures
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Implement new tax and fee reduction policies, strengthen support for small, medium, and micro enterprises, individual industrial and commercial households, manufacturing, risk mitigation, etc., and appropriately advance infrastructure investment
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Party and government agencies must insist on living a tighter life
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Serious financial discipline
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Resolutely curb new hidden debts of local governments
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