[Beijing Direct News Network August 18th] (Economic Information Daily)At present, China's economic situation is still complex and severe, and the uncertainty of external demand is still large. To cope with external challenges and promote high-quality economic development, we must focus on the terminal needs of domestic society, make accurate efforts from both ends of supply and demand, break down various obstacles, and accelerate the formation of a domestic big cycle.

At present, China has a very large market size in the world. On the one hand, it has the most complete and largest industrial production system and market competition system in the world, more than 100 million market entities, more than 170 million talents with higher education or professional skills, and an orderly factor market, which can not only flexibly participate in global supply, but also provide high-quality goods and services to China; on the other hand, it has the most potential in the world The 1.4 billion people, including more than 400 million middle-income groups, have given birth to a huge demand space, and the wealth accumulation of residents formed by the reform and opening up for more than 40 years can not only absorb global competitive products, but also provide strong demand power for domestic industrial production.

The sudden outbreak of novel coronavirus pneumonia has been a severe blow to the world economy. According to the latest forecast of the International Monetary Fund, the global economy will shrink by 4.9% this year. Under the epidemic situation, the global industrial chain and supply chain are not running smoothly, the trend of thought of protectionism and anti globalization is heating up, and the instability and uncertainty of external demand have increased significantly, which highlights the strategic significance of "accelerating the formation of a new development pattern with domestic major cycle as the main body and domestic and international dual circulation promoting each other". The domestic big cycle starts from production and ends with consumption, and social terminal consumption is the final driving force. We must closely focus on the social terminal demand, take the expansion of domestic demand as the fulcrum, give full play to the huge advantages of the super large-scale market, and strive to open up all aspects of domestic production, distribution, circulation and consumption.

First, we should actively improve the quality of supply. We should deepen technological and institutional innovation, break through the "bottleneck" of technology and "intestinal obstruction" in the system, and significantly improve the quality of supply; we should accelerate the investment in "new infrastructure", new urbanization and major project construction, strengthen the layout of the whole industry chain and supply chain of cutting-edge science and technology, give play to regional coordination, and avoid vicious competition and excessive investment; and guide enterprises to base themselves on domestic and international While actively expanding the international market, we should promote export commodities to enter the domestic market in an orderly manner.

Second, we should continue to release consumption momentum. We should further promote the streamlining of administration and decentralization of local governments at all levels, improve the market supervision mechanism, and constantly optimize the business environment. We should thoroughly implement the tasks of "six stabilities" and "six guarantees", try every possible means to stabilize the basic market of market entities, try every possible means to let preferential policies reach the market subjects, and accelerate the improvement of the social security system; we should make great efforts to support social employment, encourage flexible employment and stabilize the basic situation People's livelihood; firmly implement the positioning of "no speculation in housing and housing", encourage social innovation and entrepreneurship, and continuously stimulate the vitality of market entities; actively introduce a series of consumption incentive programs for residents, accurately play the role of consumer policy stimulation, create night economy, and promote the transformation and development of service industry under the normal epidemic prevention and control.

The three major obstacles should be removed. We should give full play to the decisive role of the market in allocating resources, let capital, land, labor, technology and other elements flow freely and smoothly, and make market competition more fully and orderly. At present, in the face of unprecedented pressure of local economic growth, we must guide local officials to firmly establish a scientific concept of political achievements, rely more on reform and innovation to promote local economic and social development, and seriously pursue and hold accountable for the chaos such as restricting the free circulation of financial and other elements, vicious competition for investment, and promoting local protectionism.