2024-01-20 07:40:01
China News Service, Beijing, January 20th: Focusing on the macro situation, industry experts discuss the economic “crisis” and “opportunities” in 2024
Sino-Singapore Finance reporter Liu Wenwen
The “10th (2024 Spring) Macro Situation Forum” was held in Beijing on the 19th. Many authoritative experts focused on the current macro situation and jointly discussed the “crisis” and “opportunities” of the economy in 2024 around the “2024 Macro Situation Outlook” and “2024 Economic and Social Situation Outlook”.
Ji Bingxuan, Vice Chairman of the Standing Committee of the 13th National People’s Congress, said that the past 2023 was an extraordinary year in terms of the international economic situation. Economic development showed a phenomenon of “one high and one low”, that is, High inflation, low growth. China’s economic performance in 2023 can also be described as “one high and one low”, which means higher growth and lower prices. This is exactly the opposite of the operating characteristics of the world economy and fully demonstrates China’s positive contribution to the world economy. .
According to Zhou Yanli, former vice chairman of the China Insurance Regulatory Commission, my country’s banking, insurance and asset management industries contain huge development opportunities. He said that the high-quality development of my country’s financial industry must choose opening up to the outside world. Driven by opening up to the outside world, my country’s banking industry has a steady development momentum, the insurance industry has huge development potential, the asset management industry has broad prospects for development, and the “Belt and Road” financial services are stable and far-reaching. International cooperation in financial supervision has been further advanced. In particular, the effectiveness of the reform and development of my country’s insurance industry has benefited from opening up to the outside world. China’s pace of financial opening up will not stop in the future, and its determination to share development opportunities with the world will not change.
While emphasizing various opportunities, many experts also reminded that the current macro situation still presents some challenges that cannot be ignored.
Jiang Xiaojuan, former deputy secretary-general of the State Council, said that my country’s economy will generally recover in 2023 and achieve expected goals. There are many bright spots, but downward pressure on the economy still exists. The international economic environment we are currently facing is very different from the past, and the friction and competition we will face in the next step will become the norm. She believes that it is very important to improve the foreign investment environment and enhance their confidence in operating in China. In addition to promoting development through opening up, we must also promote reform through opening up.
Jia Kang, founding president of the China Institute of New Supply-side Economics, believes that China’s economic and social development, with modernization as its strategic goal, is in a critical testing stage of overcoming obstacles and overcoming the “historical Three Gorges”. “A person who travels a hundred miles is only half a mile” and “a boat against the current does not advance but retreats” are very suitable to express the characteristics of this stage. China already has objective growth potential. What we need to do is to make subjective efforts. It is to combine institutional innovation, technological innovation, and management innovation with ideological innovation and further emancipation of ideas to form substantive growth under the main trend of human civilization. progress and continue to narrow the gap with developed economies.
At the forum that day, Wang Wen, executive director of the Chongyang Institute for Financial Studies at Renmin University of China, released “The World at a Y-shaped Intersection – 2024 Renmin University of China Chongyang Macro Situation Annual Report” and “Absurd Narrative: The rise of the “Peak Theory of China’s Rise” in the West. Sorting out and responding to suggestions” two think tank reports.
This forum is hosted by Renmin University of China, hosted by the Renmin University of China Chongyang Institute for Financial Studies (RUC Chongyang), and co-organized by the Global Governance Research Center of Renmin University of China and the Sino-US Humanities Exchange Research Center of Renmin University of China. (over)
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