Director of the National Development and Reform Commission: Private capital investment in the first half of the year

At the press conference of the Press Center of the Fifth Session of the 11th National People's Congress, Zhang Ping, director of the National Development and Reform Commission, said that when economic growth, price and other macroeconomic indicators are involved, the economic growth rate during the 12th Five-Year Plan period will gradually Close to the expected target of 7%, in 2011 did not complete the 4% price control target, he has to do self-criticism. At the press conference, Zhang Ping first talked about two 1.2 questions. The expected target for economic growth in 2011 is 8%, and the actual growth rate is 9.2%, exceeding the expected target by 1.2 percentage points. However, compared with the growth rate of 10.4% in 2010, it dropped by 1.2 percentage points in 2011. Zhang Ping said that the economic growth in 2011 not only considered the complex economic situation at home and abroad, but also the result of the government's active regulation. Zhang Ping said that the economic growth rate in the subsequent years of the "Twelfth Five-Year Plan" period will gradually move closer to the average growth target of 7%. When talking about the price situation, Zhang Ping first self-reviewed that the price target increase in 2011 was within 4%, but the actual price increased by 5.4%, and did not complete the task. "As the person in charge of the price department, I also took this opportunity to make self-criticism today. We have done a lot of work in stabilizing prices. This is an objective fact, but some work has not been fully done, or not done. Ok.” This year’s price situation, Zhang Ping believes that there are favorable conditions such as abundant food, edible oil and sugar stocks, oversupply of industrial consumer goods and significant improvement in the market circulation environment. However, the rising prices of productivity factors such as land and labor will become a long-term trend. Zhang Ping believes that this year's price control efforts will increase, and strive to achieve the goal of controlling price increases within 4%. [Private Capital] Private Capital Investment in the First Half of the Year Reporter: The private enterprise owners in Jiangsu and Zhejiang provinces said that they had a "glass door" in front of them, and they had a lot of cash in hand but did not know where to invest. When will the implementation rules for the 36 articles on private capital be introduced? Zhang Ping: Nowadays, from the perspective of ownership structure, the private economy has accounted for more than half of the country. Fixed asset investment (excluding farmers) increased by 23.8% last year, but private capital increased by 34%. After the introduction of the new 36 articles in 2010, 17 provinces have introduced specific measures to implement 36 articles, and many departments have also introduced implementation rules for implementing 36 articles. However, there are still some unsatisfactory places. In some industries and fields, there are still "glass door" and "spring door" phenomena, which can not be seen, or half of them are bounced back. We must continue to encourage the development of private investment and private economy. Recently, the State Council stressed that in order to solve the problem of market access, all relevant departments must issue specific implementation rules to solve the "glass door" and "spring door" phenomenon, and the time limit has been clarified, that is, the relevant implementation must be implemented in the first half of this year. The rules are in line. [Local property market] The central government insists on regulating the impulse policy of the property market. Reporters: Some localities have introduced policies to encourage the sale of commercial housing, but they have all been suspended in a short period of time. What do the NDRC think about the local government's policy impulse to promote the local housing market? Zhang Ping: The real estate industry has a great impact on the economic development of a place, so now some places have taken some “impulse” moves to encourage home purchases. The attitude of the central government is very clear, that is, we must continue to adhere to the policies of the macro-control of the real estate industry and unswervingly promote the long-term healthy and stable development of the real estate industry. On the basis of adhering to existing policies and measures, we are studying the long-term mechanism for establishing macro-control of real estate. From the recent regulatory targets, we still hope that the price of real estate can have a reasonable return. From the perspective of the National Development and Reform Commission, we must resolutely implement the decision-making arrangements of the Party Central Committee and the State Council, cooperate with relevant departments, and study the long-term mechanism to promote the long-term healthy development of the real estate industry, and strive to increase the supply capacity of ordinary commercial housing, especially small and medium-sized enterprises. The supply of housing and low-priced housing will resolutely focus on the construction of affordable housing and promote the long-term healthy and stable development of the real estate industry. [Intra-budgetary investment] Intra-budgetary investment tilts to the people's livelihood : How is the investment in the central budget this year? What are the key directions of investment? Zhang Ping: The investment in the central budget this year is 402.6 billion yuan, an increase of 20 billion over last year. The key points and directions of the arrangement are: affordable housing projects, 69 billion; “three rural” construction, more than 140 billion; education and health and other social undertakings, roughly 400 billion; energy conservation, environmental protection and ecological construction, about 480 Billion; construction of major infrastructure such as transportation and energy, more than 24 billion; independent innovation, structural adjustment and technological transformation, including the development of strategic emerging industries, with a total arrangement of more than 29 billion. It can be seen from the above data that the central budgetary investment arrangement focuses on the people's livelihood, directly serving the people or directly benefiting the people, accounting for roughly two-thirds of the total investment. Others are to adjust the economic structure, encourage independent innovation, and promote technological transformation. In fact, they are serving the transformation of economic development. [Energy saving and emission reduction] The three indicators of energy saving and emission reduction were not completed last year. Reporter: Premier Wen Jiabao mentioned in the government work report that the goal of energy saving and emission reduction is not very good. Please analyze the reasons. Zhang Ping: Last year's energy conservation and emission reduction targets were not completed well enough, specifically involving six indicators. Three of these indicators were not completed. The first is the intensity of energy consumption. The target for energy consumption per unit of GDP was down by about 3.5% at the beginning of the year, but it actually fell by 2.01% last year. Secondly, the carbon dioxide emission intensity per unit of GDP closely related to the intensity of energy consumption has not been completed. Last year, due to the drought in the southern region and the decline in hydropower, the reduction in CO2 emissions per unit of GDP was not as good as the decline in energy consumption. The third is the emission of nitrogen oxides. The target at the beginning of the year was down by about 1.5%, but the actual results not only did not decline, but also increased by 5.73%. Three indicators were completed. One was that sulfur dioxide fell by 2.2%, and the target at the beginning of the year was about 1.5%. Second, the chemical oxygen demand decreased by 2%, and the indicator at the beginning of the year was also about 1.5%. Third, ammonia nitrogen emissions fell by 1.53%, and the target of 1.5% was also completed. The reasons are not all completed, the reasons are very complicated, but the most fundamental thing is that we have not realized the transformation of the economic development mode. The way we grow is still relatively extensive, and the structural adjustment is still lagging behind, especially the heavy chemical industry is still relatively large. Last year's price situation was indeed severe. The annual price increase was 5.4%, and the target of controlling at 4% was not achieved at the beginning of the year. As the person in charge of the price department, I also took this opportunity to do self-criticism today. We have done a lot of work in stabilizing prices. This is an objective fact, but some of the work has not yet been fully implemented, or it has not been done well, and it has not been able to achieve a regulatory target of 4%.

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