China's economy is expected to have better growth in the second half of the year

Yao Jingyuan, chief economist of the National Bureau of Statistics, recently stated that on the whole, China’s economy still has a difficult state in the first quarter, but the central government’s powerful measures combined with the unity of these two points make the Chinese economy a better one in the second half of the year. growth of.
At the Sina Le Habitat Innovation Summit held in Beijing recently, Yao Jingyuan stated that the fundamentals of the current Chinese economy are good, but also encountered serious difficulties and challenges. “Everybody has tightened his wallet now. In this case, the biggest problem in the entire social economy is lack of confidence.”
Yao Jingyuan stated that in order to expand consumption, fundamentally speaking, it is necessary for everyone to have money, and with money, it can be consumed. Income is a function of consumption, so we must do everything possible to increase the people’s income, especially to increase the income of low- and middle-income groups.
Yao Jingyuan pointed out that with money, dare to consume is another problem. In the past, due to the imperfect social security system, people did not dare to spend money. Consumption depends on people's expectation of future expenditure pressures. If people have great pressure on future expectations, they will not spend money. Under such circumstances, we must do everything possible to let everyone dare to spend, rest assured that consumption, the central government introduced the "ten measures" to expand domestic demand, a considerable amount of investment should be invested in the people's livelihood. If we want to compare this time with the international financial crisis and the 1998 defeat of the Asian financial crisis, what are the important differences in macro-control policies and measures? It is this time that there is a considerable amount of investment to invest in people's livelihood.
In particular, he pointed out that infrastructure investment is particularly important at present. There is a big gap between the level of infrastructure in our country and the developed countries. In the past few years, as long as China’s economy was a bit faster, coal, electricity, and oil transportation were fully strained. However, now that growth is maintained and the crisis is resisted, this gap has become a space for development. Now a considerable amount of investment can be invested in infrastructure. In the investment, there will be a considerable amount of money for consumption.

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