Do a good job of "watering and fertilizing" for market entities
At present, the downward pressure on the economy continues to increase, and market players are facing a series of difficulties and challenges, and the employment problem is more prominent.Recently, at the expert symposium on "stabilizing growth and ensuring employment" hosted by the Institute of Financial and Economic Strategy of the Chinese Academy of Social Sciences and undertaken by the editorial department of "Finance and Economics Think Tank", experts believed that it is necessary to vigorously implement a package of measures to stabilize the economy and strengthen the coordination of fiscal and monetary policies. Cooperate to stabilize the economic market by stabilizing market players, promote stable growth and ensure employment.
Recently, the central government has made a series of deployments to stabilize and stabilize the economic market."Whether it is stabilizing growth or ensuring employment, we have a variety of policy options. In general, my country's macro policy toolbox reserves are relatively abundant, and it is necessary to ensure that policy allocation and policy operation focus on stability. Market players." said Gao Peiyong, vice president of the Chinese Academy of Social Sciences and a member of the academic department.
Statistics show that as of the end of April, there were 158 million market entities in my country, providing a strong micro-foundation for stabilizing the macroeconomic fundamentals."The market entity is the foundation of the national economy, and the driving force of economic development lies in the market entity. The essence of stabilizing the economic market is to stabilize the market entity. If the basic economic base of the market entity is stabilized, it will be able to stabilize growth and maintain stability. Employment and solving other problems have the basis and corresponding means." Gao Peiyong said.
Under the impact of a series of unfavorable factors, market entities face many difficulties in production and operation."Market entities are the most urgent need to overcome difficulties, and they are also the ones who most need to implement a package of relief and assistance policies. The key to stabilizing the economic market is to continue to focus on market entities and focus on the root of market entities." Water and fertilize'." Gao Peiyong said.
Yang Ruilong, a professor at Renmin University of China, also believes that the key to stabilizing growth and employment is to protect market players. "If market players, especially companies, lack confidence, it will greatly offset the effect of macro policies. A key issue at present is to boost the market. The confidence of the main body, especially to boost the confidence of enterprises, first of all, it is necessary for enterprises to maintain confidence in the timely implementation of the government's bailout policy."
"Currently, the difficulties faced by small and medium-sized enterprises are even greater and more difficult. It is necessary to further increase financial support, further promote tax cuts and fee reductions, and accurately use policy tools to ease the pressure of rising costs." Yang Ruilong said.
The executive meeting of the State Council held recently emphasized that fiscal and monetary policies should be oriented to give priority to employment.He Dexu, Dean of the Institute of Financial and Economic Strategy of the Chinese Academy of Social Sciences, believes that it is necessary to give full play to the key role of monetary policy in stabilizing employment, effectively implement the policy orientation of giving priority to employment, incorporate the promotion of employment into the target framework of monetary policy, and launch targeted employment lending tools. In particular, policy tools for labor-intensive industries to address employment issues.
"The internal mechanism of monetary policy to support employment and promote employment is achieved through support for market entities and the real economy, especially in the context of the continued impact of the epidemic, small and medium-sized enterprises will be more affected, and market entities will be guaranteed employment. He Dexu said that the China Banking and Insurance Regulatory Commission recently held a special meeting on the work of small and micro finance, and proposed to continue to achieve the goal of "two increases" in inclusive loans to small and micro enterprises in 2022, which is actually increasing the efforts to bail out market players. , let market players become an important starting point for stabilizing growth and ensuring employment.
How can monetary policy support employment be accurate and effective?He Dexu believes that it is necessary to play the role of structural monetary policy tools, and provide specific policy support for different situations and different market players.For example, in response to the situation of structural unemployment, monetary policy should be guided by rebalancing, correcting deviations, and making up for shortcomings, and exerting a directional control function to solve the problems of enterprises' investment and financing blocked and low efficiency caused by capital mismatch and transmission obstruction.In addition, it is necessary to strengthen the coordination and cooperation of fiscal policy and monetary policy, form a policy synergy, send an effective positive signal to the market, and then improve the efficiency of the policy.
"The general judgment is that we should focus on the concerns of market players, rush to meet the needs of market players, keep an eye on market players and accurately implement various macro policies, and use market players as the driving force for various policy measures. It is not only related to the effectiveness of the implementation of measures to stabilize the economic market, but also the key point and key point of stabilizing the economic market, and it is the only way to stabilize the economic market at present and in the future.
【Editor: Wang Yu】
