The State Council again issued a combination of "protecting the people's livelihood": giving priority to employment, stabilizing the price of meat, and protecting pensions.
Although the October data just released by the National Bureau of Statistics show that China's economy continues to maintain a steady and progressive development trend, the risks of economic operation still pose challenges to people's livelihood.
On the 14th, Premier Li Keqiang presided over a forum on the economic situation and ensuring the basic livelihood of some provinces in Nanchang, Jiangxi Province. At this forum, the State Council urged all provinces to ensure the basic livelihood of the people, give priority to employment, ensure that pensions are paid in full and on time, and ensure stable prices for pork and other necessities of life.
Liu Xingguo, a researcher at the China Enterprise Federation, told first Finance and Economics that in the long run, measures should be taken to restore and increase pig farming, stabilize pork supply expectations, and promote the price of consumer goods to stabilize or even fall back. What is more, it is necessary to defuse the downward pressure on the economy, stimulate investment growth, improve residents' income growth expectations, and enhance consumption willingness and purchasing power.
Regional Economic trend differentiation affects low-income groups
The operation of the national economy in October released by the National Bureau of Statistics on the 14th showed a decline in industrial, consumption, investment and other economic indicators. Liu Aihua, spokesman of the National Bureau of Statistics, said: judging from the four commonly used macroeconomic aspects, namely, growth, employment, prices, and the balance of payments, on the whole, economic operation has continued to maintain an overall steady and steady development trend. The main indicators are still running in a reasonable range.
Li Keqiang said: China's economic operation has remained stable on the whole in a complex and severe environment, and it is still a bright spot in the world economy. However, it is necessary to see an increase in the current adverse factors of the external environment and the dilemma of domestic development. As far as the regional economy is concerned, the trend is obviously divided, and the momentum of development in some places has weakened.
Liu Xingguo, a researcher at the China Enterprise Federation, told first Finance and Economics that the current confidence in investment and development still needs to be strengthened, adding to the pressure of rising prices of consumer goods. To a certain extent, it affects the willingness of residents to spend and the ability to bear the actual consumption, especially the adverse impact on the low-income groups is more obvious.
Li Keqiang said: it is necessary to put stable growth and maintaining economic operation in a more prominent position in a reasonable range, which is an important basis for achieving this year's main goals and tasks and promoting high-quality development.
Li Keqiang called on all regions and departments to take the initiative to oppose laziness. All localities should make good use of national policies to solve development problems, speed up the construction of complementary projects, and promote effective investment and industrial upgrading. We will deepen the reform of release, management and clothing, promote the building of a market-oriented, legalized and international business environment, and unleash the potential for institutional and institutional innovation. We will enhance the support of new momentum to the economy and unleash market potential.
Liu Xingguo believes that under the current circumstances, on the one hand, to protect people's livelihood in the short term, it is necessary to effectively increase the disposable income of low-income groups through the adjustment of income distribution structure. On the other hand, measures should be taken to stabilize the prices of consumer goods, especially by increasing pork imports, increasing pork reserves and increasing the supply of pork substitutes to curb the continued rise in pork prices.
Fiscal expenditure focuses on ensuring the basic livelihood of the people
Li Keqiang said: to ensure the basic livelihood of the people, we should do our best and do what we can. We will give priority to employment, do a good job in employment services for key groups, and help migrant workers returning home to expand employment and entrepreneurship channels. We will adhere to the tight life of the government, focus on ensuring the basic livelihood of the people, and ensure that pensions are paid in full and on time.
Li Keqiang also said that as the two quarters are approaching, it is necessary to strengthen the wages of migrant workers and do a good job in ensuring the price of pork and other necessities of life for stable prices and the warm winter work of the masses. We will do a good job in providing for the aged, nurseries and other practical things for the people.
Data from the National Bureau of Statistics show that from January to October, 11.93 million new jobs were created in cities and towns across the country, and the target of more than 11 million new jobs in cities and towns for the whole year was achieved ahead of schedule.
The survey unemployment rate also fell. In October, the national urban unemployment rate was 5.1%, down 0.1 percentage points from the previous month. Of these, the unemployment rate in the 25-59-year-old survey was 4.6%, the same as last month. The unemployment rate surveyed in 31 major cities and towns was 5.1%, down 0.1 percentage points from the previous month. The average weekly working hours of employees in enterprises across the country was 46.8 hours, an increase of 0.1 hours over the previous month.
Liu Aihua said that the unemployment rate of the national urban survey fell to 5.1% in October from 5.2% in September, and one of the most important factors was the gradual improvement in the employment situation of college graduates. In October, the unemployment rate of college graduates between the ages of 20 and 24 fell by more than 1 percentage point, contributing a great deal to the overall unemployment rate by 0.1 percentage points.
Liu Aihua believes that this year's employment priority policy is at the macro policy level, and the effect of "stabilizing employment" continues to appear, especially in solving the employment of key groups.
Zhang Chenggang, director of the China New Employment form Research Center of the Capital University of Economics and Trade, told first Finance and Economics that in anticipation of the possible pressure on employment, efforts should be made in advance through macro policies and employment priority policies. It can effectively avoid a decline in employment and a rise in unemployment, which improved in October and was also related to the central government's intensive policy of stabilizing employment in the previous phase.
Zhang Chenggang also said that although the employment data improved in October, because employment is a lagging indicator, China's economic growth slowed to a certain extent in the third quarter, which may mean that there will be greater downward pressure on employment in the future. This is an important reason why the forum continues to emphasize the priority of employment.
Liu Xingguo said: at present, "stable employment" on the one hand needs to alleviate the pressure on stable employment through steady growth, and on the other hand, it is necessary to take supportive measures to increase or stabilize employment. Including strengthening employment training, encouraging entrepreneurship to promote employment diversion, providing stable post subsidies to reduce layoffs, and so on. (Guo Jinhui)