The national development and Reform Commission launched an investigation, which once fell 9percent! Big black horse but 8 days 7 limit

category:Finance
 The national development and Reform Commission launched an investigation, which once fell 9percent! Big black horse but 8 days 7 limit


Liu He, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, published an important article in todays peoples daily, with the title of accelerating the construction of a new development pattern with domestic and international circulation as the main body and domestic and international dual circulation promoting each other. The article states that it is necessary to speed up the cultivation of a complete domestic demand system and improve the policy support system for expanding domestic demand.

The insurance and automobile sectors strengthened against the trend

This morning, a shares were weak, the three major indexes were all green, insurance stocks and auto stocks went up against the trend, the insurance sector rose more than 3%, and the automobile stocks also rose nearly 1%.

As an important sector of the financial industry, insurance stocks, China Pacific Insurance rose nearly 7% this morning, China Ping An insurance and Xinhua insurance also rose more than 3%. China Life Insurance rose more than 2%, while PICC rose nearly 2%.

Last night, U.S. stocks witnessed history. The Dow Jones index reached a record high of 30000 points, and Tesla, the leader of new energy vehicles, rose by more than 6% and its market value exceeded $500 billion. This also has a boosting effect on todays A-share auto stocks.

Auto stocks soared: Xiaokang shares had 7 trading limits in 8 days

Great Wall Motors soared 5 times

Tesla soared to an all-time high last night, and A-share auto stocks also performed strongly this morning. Changan Motor Trading, Great Wall Motor up more than 5%; Xiaokang shares trading again, Jianghuai Automobile, Zhongtong bus, etc. also rose sharply.

It is worth noting that Xiaokang shares have been trading for seven days in the last eight trading days. The stock price has doubled from 9.82 yuan on November 13 to 19.64 yuan this morning.

Medical shares and liquor stocks fell sharply

Before this, medical shares and liquor stocks, which were hot in the institutions, fell sharply this morning. Healthcare sector fell the most, down 2.51%, wine sector fell 2%.

On the one hand, the growth of medical and liquor sectors in the early stage was too large, and the recent implementation of the third batch of national centralized drug procurement in various regions has also put pressure on the medical sector.

Xinmai medical and Sanyou medical decreased by more than 10%, while Aibo medical and kailitai also declined greatly.

After all kinds of liquor stocks soared in the early stage, many shareholders reduced their holdings, and Hongxing Erguotou planned to inject into the listed companies through restructuring. After the ancient wine making carnival, it was obviously recalled today. Yellow rice wine stocks Jinfeng liquor industry and Bairun cocktail decreased, while small market value liquor stocks such as highland barley wine, golden seed wine and Laobaigan liquor decreased significantly. The leading companies of Guizhou Maotai and Wuliangye also fell by more than 1%.

National Development and Reform Commission: Investigation on investment in new energy vehicles

With the booming of new energy vehicle stocks, the national development and Reform Commission began to investigate the investment of new energy vehicles in various regions.

According to media reports, the national development and Reform Commission (NDRC) recently issued the notice on carrying out the investigation of new energy vehicle production and project conditions, requiring the national development and Reform Commission to report the investment situation of new energy vehicles in various regions to the industry department of the national development and Reform Commission before November 18.

The notice requires the national development and Reform Commission to provide project information, including the project situation, construction progress and annual production of new pure electric vehicles approved and filed since 2015, the production and operation of new energy vehicle investment projects of existing automobile enterprises and the filing of new energy vehicle projects under construction from 2019 to 2010.

Article 3 requires all localities to provide local pure electric vehicle project planning and investment promotion, which clearly requires all localities to report in detail the new energy vehicle and parts projects invested and constructed by Hengda, Baoneng and other enterprises since 2017, including land occupation, construction content, project progress, completed investment, etc.

This morning, the A-share new energy vehicle stocks were on the red, but the Hong Kong shares of Evergrande motor fell 7%, Geely motor of Hong Kong shares also fell more than 1%, and Hong Kong shares of BYD fell nearly 2%.

According to the document of the NDRC investigates the investment in energy vehicles on the Internet, relevant people from the NDRC said, this matter is being implemented, and it is not convenient to talk about it now.

Increase the proportion of direct financing

Todays peoples Daily has published an article signed by Liu He, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, with the title of accelerating the construction of a new development pattern with the major domestic cycle as the main body and domestic and international dual circulation promoting each other.

From the articles of the top ten Chinese newspapers, we extracted the key points of China Fund:

2. At present and for a period to come, the main contradiction faced by Chinas economic operation is still on the supply side, the supply structure can not adapt to the change of demand structure, and the varieties and quality of products and services are difficult to meet the multi-level and diversified market demand.

3. The domestic big cycle is not self-contained and self-sufficient, nor is it a small cycle of various regions. Whats more, it is impossible to do everything on its own and give up international division of labor and cooperation. We should adhere to the dual cycle of opening and cooperation, strengthen open cooperation, and interact more closely with the world economy, so as to improve the efficiency and level of the domestic big cycle.

4. Promoting scientific and technological innovation to play a key role in smooth circulation. Speeding up the self-reliance and self-improvement of science and technology is the key to smooth the domestic circulation and shape Chinas active position in the international big cycle.

5. To smooth the circulation of the national economy, efforts should be made to optimize the supply structure, improve the quality of supply, unswervingly build a manufacturing power, a quality power, a network power and a digital China, give priority to the transformation of traditional industries, develop strategic emerging industries, and accelerate the development of modern service industries.

6. It is necessary to speed up the improvement of domestic demand support system. We should strengthen the basic role of consumption in economic development, comprehensively promote consumption, enhance traditional consumption, cultivate new consumption and develop service consumption.

7. The real estate industry affects investment and consumption, and is related to peoples livelihood and development. We should adhere to the position that the house is for living, not for speculation, adhere to the simultaneous development of rent and purchase, implement policies according to the city, improve the long-term rental housing policy, and promote the stable and healthy development of the real estate market.

10. We will promote a higher level of opening-up and deeper integration into the global economy. We should further expand market access, create a fairer market environment and introduce foreign capital at a higher level.

Liu He: speeding up the construction of the domestic big cycle

New development pattern of mutual promotion of domestic and international dual circulation

Speed up the construction of a new development pattern with the domestic big cycle as the main body and the domestic and international double circulation promoting each other

Liu He

1u3001 Fully understand the great significance of speeding up the construction of a new development pattern

First, it is an active choice to adapt to the changes in Chinas economic development stage. Economic development is a spiral process, and it is also staged. Different stages correspond to different demand structure, industrial structure, technological system and connection mode, which requires the development mode to keep pace with the times. After the reform and opening up, Chinas per capita income level is relatively low. We give full play to the low-cost advantage of labor and other factors, seize the important opportunity of economic globalization, make full use of the opportunity of international division of labor, form the development mode of both ends of the market and resources outside, participate in the international economic cycle, and promote the rapid economic growth, and peoples life has changed from insufficient food and clothing to a well-off society in an all-round way. After long-term efforts, Chinas per capita GDP has exceeded 10000 US dollars, and major changes have taken place in the demand structure and production function. The internal circulation of the production system is not smooth and the disconnection between supply and demand is obvious. The neck sticking problem is prominent, and the complexity of structural transformation is increasing. To solve this contradiction, we need to shift development to innovation driven, constantly improve the quality and level of supply, and promote high-quality development. This is the key to the economic development of big countries. We should take the initiative to adapt to changes, strive to overcome difficulties, and accelerate the construction of a new development pattern.

Second, it is a strategic measure to deal with the complex international environmental changes. Since the new century, a new round of scientific and technological revolution and industrial transformation have accelerated, the pattern of World Trade and industrial division of labor has undergone major adjustments, and the balance of international power has shown a trend of change. After the international financial crisis in 2008, the global market contracted, the world economy fell into a sustained downturn, and the momentum of the international economic cycle weakened. In recent years, populism is prevailing in the major western countries, trade protectionism is on the rise, and economic globalization has encountered a counter current. The epidemic of novel coronavirus pneumonia has been widespread and far-reaching. The trend of reverse globalization is more obvious. The global industrial chain and supply chain are facing significant impact and risk is increasing. In the face of new contradictions and challenges brought about by the changes of external environment, we must adjust the path of economic development according to the situation. While trying to break through the international cycle, we should further smooth the domestic big cycle, enhance the autonomy and sustainability of economic development, enhance resilience, and maintain the stable and healthy development of Chinas economy.

Third, this is the inherent requirement of giving full play to the advantages of Chinas super large economies. The important feature of big country economy is to realize internal circulation, provide huge domestic market and supply capacity, support and drive external circulation. After more than 40 years of development since the reform and opening up, Chinas economy has grown rapidly, and the conditions and foundation of the domestic big cycle are increasingly improved. From the perspective of demand potential, China has formed the worlds largest and most potential market with a population of 1.4 billion and more than 400 million middle-income groups. As China moves into the ranks of high-income countries, the huge domestic market continues to expand. In terms of supply capacity, Chinas savings rate is still high, with the worlds most complete and largest industrial system and complete supporting capacity, 130 million market players and more than 170 million talents with higher education or various professional skills, and R & D capacity has been continuously improved. From the perspective of both supply and demand, we have many conditions to realize the internal circulation and promote the internal and external dual circulation. We must make good use of the advantages of large countries economy in depth and breadth to give full play to the scale effect and agglomeration effect. The market is the most scarce resource in the world. By building a new development pattern and expanding domestic demand, we can release huge and lasting momentum and promote the steady recovery and growth of the global economy.

The guidance of economic development strategy is an important guarantee for the long-term stable and healthy development of Chinas economy. Since the reform and opening up, we have complied with the trend of economic globalization, implemented the export-oriented development strategy, and made great achievements in economic development. In the face of the two major shocks of the Asian financial crisis and the international financial crisis, we have implemented the strategy of expanding domestic demand, effectively dealt with external risks, and promoted the transformation of economic development to domestic demand led. Since the 18th National Congress of the Communist Party of China, based on the development and changes of domestic and foreign situations, the Party Central Committee has made a timely judgment that Chinas economic development has entered the new normal, and put forward major strategic ideas to promote the supply side structural reform. It has promoted and deepened the supply side structural reform in accordance with the eight character policy of three deletions, one reduction and one subsidy and consolidation, enhancement, promotion and smooth flow, which has effectively improved the relationship between supply and demand. Facing the major changes in the global political and economic environment and adapting to the new characteristics of Chinas development stages, the CPC Central Committee accurately studies and judges the general situation, and puts forward the strategy of building a new development pattern based on the current situation and focusing on the long-term. This is not only the progressive deepening of supply side structural reform, but also the integration and upgrading of Chinas previous development strategy, which has great practical and far-reaching historical significance.

2u3001 Accurately grasp the scientific connotation of building a new development pattern

The economic and social development during the 14th five year plan period should take promoting high-quality development as the theme, deepen the supply side structural reform as the main line, and reform and innovation as the fundamental driving force, so as to accelerate the construction of a new development pattern. The key to building a new development pattern lies in the realization of economic circulation and smooth industrial connection. The fundamental requirement is to enhance the innovation and relevance of the supply system, solve various neck and bottleneck problems, and smooth the national economic cycle. To achieve this, we must deepen reform, expand opening up, promote scientific and technological innovation and industrial structure upgrading. In order to achieve a high level of integrity of the national economic system as the goal, we should highlight the key points, grasp the main contradictions, strive to break through the blocking points, link up production, distribution, circulation and consumption, and realize the dynamic balance of supply and demand.

To understand the connotation of the new development pattern and guide practice scientifically, we need to grasp several important relations.

From the perspective of the relationship between the domestic big cycle and the domestic and international dual cycle, the domestic cycle is the foundation and the two are unity. The international market is an extension of the domestic market, and the domestic large cycle provides a solid foundation for the domestic and international dual cycle. Giving full play to Chinas super large-scale market advantages will provide more broad market opportunities for all countries in the world. Relying on the domestic big cycle, China will attract global commodity and resource elements, and create Chinas new international cooperation and competitive advantage. The domestic big cycle is not self-contained and self-sufficient, nor is it a small cycle of various regions. Whats more, it is impossible to do everything on its own and give up international division of labor and cooperation. We should adhere to the dual cycle of opening and cooperation, strengthen open cooperation, and interact more closely with the world economy, so as to improve the efficiency and level of the domestic big cycle. It can be said that to promote the dual cycle, we must adhere to the implementation of a wider range, wider areas and deeper level of opening up.

From the perspective of the relationship between deepening reform and promoting development, we must comprehensively deepen reform to build a new development pattern. The construction of a new development pattern is a development problem, but it is essentially a reform issue. We must use reform thinking and reform methods to form a dynamic market subject, establish an effective incentive mechanism, create an institutional environment to encourage innovation, remove the system, concept and interest fetters that hinder the smooth flow of domestic large circulation and domestic and international circulation, and break the institutional and institutional barriers that hinder the market-oriented allocation of production factors and the circulation of Commodity services, so as to form an efficient and standardized system A unified domestic market with fair competition and full opening will form a high standard market-oriented, legalized and international business environment, reduce the transaction costs of the whole society, build a high-level socialist market economic system, and realize the great development of social productivity.

3u3001 Fully implement the decision and deployment of speeding up the construction of a new development pattern

uff081uff09 Promoting scientific and technological innovation to play a key role in smooth circulation. Speeding up the self-reliance and self-improvement of science and technology is the key to smooth the domestic circulation and shape Chinas active position in the international big cycle. We should strengthen the national strategic scientific and technological strength, carry forward the spirit of scientists, encourage bold exploration and reasonable questioning, strengthen basic research and pay attention to original innovation. We should adhere to the problem orientation, face major issues of national economic and social development, and strengthen applied research. It is necessary to strengthen the dominant position of enterprises in innovation, concentrate on key core technologies, forge long supply chain boards and make up for short ones. We should give full play to Chinas market advantages, promote the industrialization and large-scale application of new technologies, develop advanced and applicable technologies, and realize the development of technologies along the path from available to easy to use. Innovation driven ultimately depends on talents and education. We should fully stimulate the innovative vitality of talents, cultivate, introduce and make good use of talents in an all-round way, create more world-class scientific and technological leading talents and innovation teams, and cultivate young scientific and technological talents reserve forces with international competitiveness. We should build a high-quality education system, promote the whole society to increase human capital investment, strengthen the training of basic research talents, and strengthen the cultivation of innovative, applied and skilled talents. It is necessary to strengthen international scientific and technological exchanges and cooperation, and promote the upgrading of scientific and technological capabilities under the open conditions.

uff082uff09 Promote supply, create and lead demand, and realize benign interaction between supply and demand. To smooth the circulation of the national economy, efforts should be made to optimize the supply structure, improve the quality of supply, unswervingly build a manufacturing power, a quality power, a network power and a digital China, give priority to the transformation of traditional industries, develop strategic emerging industries, and accelerate the development of modern service industries. The vitality of micro market main body is in the core position in optimizing the supply system. We should protect property rights equally according to law, provide a good environment for entrepreneurs to capture new needs, develop new technologies, develop new products, and create new models, so as to enhance the core competitiveness of enterprises. We should speed up the cultivation of a complete domestic demand system and improve the policy support system for expanding domestic demand. We should strengthen the basic role of consumption in economic development, comprehensively promote consumption, enhance traditional consumption, cultivate new consumption and develop service consumption. We should give full play to the key role of investment in optimizing the supply structure, expand the investment space, optimize the investment structure, promote the equipment renewal and technological transformation of enterprises, and promote the construction of a number of major projects with strong foundation, increased functions and long-term benefits. The real estate industry affects investment and consumption, and is related to peoples livelihood and development. We should adhere to the position that the house is for living, not for speculation, adhere to the simultaneous development of rent and purchase, implement policies according to the city, improve the long-term rental housing policy, and promote the stable and healthy development of the real estate market.

uff083uff09 We will promote finance to better serve the real economy and improve the modern circulation system. Finance is the blood of real economy. We should adhere to the direction of serving the real economy, carry out structural adjustment of the financial system, vigorously increase the proportion of direct financing, reform and optimize policy based finance, improve the policies of financial support for innovation, give full play to the pivotal role of capital market in promoting the high-level circulation of science and technology, capital and the real economy, and improve the level of financial science and technology. Circulation is an important basis for smooth economic circulation. It is necessary to build a modern logistics system, improve the comprehensive transportation channel, comprehensive transportation hub and logistics network. It is necessary to implement the construction of high standard market system, improve the operation mechanism of factor market, strengthen the construction of social credit system and settlement system, and reduce institutional transaction costs.

uff084uff09 Promote new urbanization and coordinated development of urban and rural areas. China is in the period of rapid development of urbanization, which not only creates huge demand, but also improves effective supply. We should give full play to the leading role of central cities and urban agglomerations, implement major regional strategies, build modern metropolitan areas, and form a number of new growth poles. Urban and rural regional economic cycle is an important aspect of the domestic big cycle. We should promote the structural reform of the agricultural supply side, ensure the safety of grain and other important agricultural products, and firmly support the chassis of economic development. We should implement the strategy of Rural Revitalization in an all-round way, strengthen the use of industry to supplement agriculture and the city to lead the countryside, and release the needs of rural farmers. We should promote the equal exchange and two-way flow of urban and rural elements, and enhance the vitality of agricultural and rural development. It is necessary to promote the three spatial patterns of urbanized areas, main agricultural product producing areas and ecological functional areas to give full play to their comparative advantages and provide superior products. We should improve the mechanism of regional strategic planning and market integration, optimize regional division of labor, deepen regional cooperation, and better promote the common development of developed and underdeveloped regions, the eastern, central, Western and northeast regions.

uff085uff09 We will expand employment and raise income levels. We should adhere to the employment orientation of economic development, expand the employment capacity, improve the quality of employment, and promote more full employment. The expansion of the middle-income group plays a fundamental role in forming a strong domestic market and promoting structural upgrading. We should adhere to the direction of common prosperity, improve the pattern of income distribution, expand the middle-income groups, and strive to make residents income growth faster than economic growth. We should adhere to the principle of distribution according to work, coexist with various distribution methods, increase the proportion of labor remuneration in the primary distribution, and strive to increase the income of low-income groups. We will improve the redistribution mechanism, increase the accuracy of tax, social security and transfer payments, and improve the pattern of income and wealth distribution. We will improve the multi-level social security system to support investment and consumption. We should implement the principle of respecting labor, knowledge, talent and creativity, improve the mechanism of evaluating the contribution of various production factors by the market and determining the remuneration according to their contribution, improve the policy system of distribution according to factors, and increase the property income of urban and rural residents through multiple channels. We will improve the business environment and promote the healthy development of small and medium-sized enterprises and individual businesses.