The "New Normal" Will Open A New Vision For China'S Economy, Speeding Ahead.

As the biggest hot word in China's economic field in 2014, the "new normal" will no doubt run through 2015.

At the end of last year, the nine characteristics of the new normal described by the central economic work conference at the end of last year meant that a series of significant and profound changes in the new era would lead the Chinese economy towards a new vision of a higher development stage.

Authorities pointed out that, as the year of ending 12th Five-Year, 2015 is not only the key year for comprehensively deepening the reform, but also the year of the "new normal" of the economy.

The new normal needs to develop new thinking, we must rationally view the downward pressure on China's economy, get rid of the "speed complex", and lead China's economy healthy and steady through innovation and reform.

"The new normal" is a phased feature of China's economic growth through shifting and shifting to medium and high speed growth.

Li Wei, director of the development research center of the State Council, said that although China's development gap is still very large compared with that of developed countries, its per capita GDP is only 1/8 of that of the United States. However, China's economy has a large backwardness advantage, with the conditions and space to keep the economic growth rate in the middle and high Hayami Hira.

With economic development entering the "new normal", China's economic growth is shifting from about 10% to 7%.

Li Wei believes that in the face of "new normal", we must get rid of the old GDP worship and speed complex.

It is estimated that if the economic growth in 2014 and 2015 was about 7.4% and about 7%, the average annual growth rate would be 7.8% in 12th Five-Year, higher than the 7% target.

During the "13th Five-Year" period, we only need to maintain an average annual growth rate of 6.5%, so that we can achieve the goal of doubling the GDP by 2020 in the eighteen major reports of the party.

Zheng Xinli, executive vice chairman of the China International Economic Exchange Center, believes that the overall trend of China's economy is steady growth and steady downward trend, and the downward pressure is increasing.

On the one hand, we must soberly realize that the main contradiction in the current Chinese economy is the lack of demand, while deflation is the main danger. On the other hand, we must not regard the downward trend of the economy, the lack of demand and deflation as the "new normal".

In this regard, experts stressed that adapting to the "new normal" needs to be promoted from the aspects of innovation driven and deepening reform, so as to inject new impetus to economic growth.

In the view of Li Yang, vice president of the Chinese Academy of Social Sciences, the most important measure is to pform the economic growth from quantitative, extensive and extensive growth to quality and efficiency growth.

Take financial reform as an example, Li Yang believes that the current benchmark of China's financial operation is not reliable, that is, interest rate has not been marketization, and exchange rate has not normalized, and the yield curve has not yet formed.

Deepening financial reform should start with obstacles that hinder the economy from moving forward to the "new normal" vision. The ultimate goal is to enable finance to give full play to its functions and make the market play a decisive role in the allocation of resources.

Zhang Zhuoyuan, director of the Institute of Economic Research of the Chinese Academy of Social Sciences, suggested that new fiscal and tax reforms should be further deepened in the new year to create a fair competition environment for the main body of social enterprises, including further expansion of the camp to increase pilot projects, thereby promoting the development of the service sector and promoting entrepreneurship; accelerating the legislation of real estate tax and promoting it in real time.

To make the real estate go to a healthy track; in addition, we should gradually establish a comprehensive and classified personal income tax system to better regulate the distribution of income.

Innovation and reform are inseparable from the support of the state's macroeconomic regulation and control policy.

Lou Jiwei, Minister of finance, said that under the "new normal" financial regulation is facing many "dilemmas" problems, and we need to further innovate the ways and means of macroeconomic regulation and control.

He pointed out that the 2015 fiscal

On the one hand, we must adhere to the bottom line thinking, correctly view the speed of economic growth, and maintain our strength. As long as the economy is running in a reasonable range, employment is stable and systemic risks do not occur, we will not adopt short-term policies to stimulate the economy vigorously, but rather focus on stabilizing market expectations and giving full play to them.

Moderating effect.

On the other hand, we should pay more attention to supply management.

Overcome the inertia of thinking that relies too much on demand management, and further promote the free entry and exit of enterprises by further breaking administrative monopoly and control barriers.

We should support short board, strengthen infrastructure construction, and promote the development of modern service industries, such as pension health and information consumption.

We should effectively resolve excess capacity and eliminate backward production capacity.

We should promote policies such as social security, land circulation, and promote the rational flow of labor, capital and other production factors, so that enterprises can make full use of all the elements.