Core Viewpoint - The key task for China's economic development is to optimize the fiscal expenditure structure, emphasizing investment in the livelihood sector rather than over-concentrating funds on housing and infrastructure [2][4]. Economic Growth - China's GDP grew by 5.2% year-on-year in the first three quarters, with quarterly growth rates of 5.4%, 5.2%, and 4.8% respectively [1]. Fiscal Policy - The current fiscal policy should gradually shift towards increasing the proportion of final consumption in GDP from approximately 55% to 65% [2]. - The focus should be on balancing fiscal revenue and expenditure, with strict adherence to the budget approved by the National People's Congress [3]. Social Welfare - Direct financial support may be necessary, such as issuing consumption vouchers, but the effectiveness depends on ensuring funds reach those in need [4]. - Improving people's livelihoods is fundamental to economic development, and resources should be allocated based on real needs [5]. Employment and Income - Addressing income disparity and enhancing the income levels of low-income groups are critical for measuring the effectiveness of livelihood improvements [5]. - Creating more job opportunities through various channels is essential, particularly for the youth [5]. Legal Framework - Strengthening legal constraints is necessary for social governance, ensuring that enterprises comply with laws and regulations [6][8]. - The establishment of a dedicated institution for ESG (Environmental, Social, and Governance) standards is recommended, with a focus on legislative processes [8]. Market Dynamics - The construction of a unified national market requires a clear understanding of market dynamics, identifying surplus and shortage areas [9]. - The government should focus on combating unfair competition while protecting legitimate competition [9]. Business Vitality - Policies should concentrate resources on enterprises with market demand, particularly labor-intensive businesses, to enhance employment [10]. - Enterprises facing sales difficulties should be diagnosed, and those lacking innovation should be allowed to exit the market [10].
十一届全国人大财政经济委员会副主任委员贺铿:必须改变以往将资金过度集中于房屋建设和基础设施建设的倾向 更加突出民生领域投入
Mei Ri Jing Ji Xin Wen·2025-10-22 14:22