“At an important historical juncture when the first centenary goal is about to end successfully and the 14th Five-Year Plan is about to begin, the meeting made a strategic judgment that takes into account short-term implementation, mid-term planning, and long-term layout, and has a positive impact on China. Economic and social development is of great significance," said Liu Yuanchun, Vice President of Renmin University of China.
At present and in the future, my country's development is still in a period of strategic opportunities, but there are new developments and changes in opportunities and challenges.
From the perspective of the external environment, the overseas epidemic is spreading rapidly, the superimposed economic globalization has encountered countercurrents, and protectionism and unilateralism are prevalent in some countries. The latest forecasts of the International Monetary Fund and the World Bank for global economic growth this year are down 4.9% and 5.2% respectively, which is the most serious economic recession since World War II. The "World Investment Report 2020" released by the United Nations Conference on Trade and Development predicts that global foreign direct investment (FDI) will fall by nearly 40% year-on-year this year, which will also make the data below US$1 trillion for the first time since 2005.
From the perspective of internal operation, our country’s economy is in a critical period of transforming development methods, optimizing economic structure, and transforming growth momentum. The prospects for economic development are promising, but it is also facing structural, institutional, and cyclical problems. The difficulties and challenges brought about by the intertwined problems, coupled with the impact of the epidemic, are currently facing greater pressure on my country's economic operation.
“In the first half of the year, major indicators such as economic growth, consumption growth, and investment growth are still in the declining range. The losses caused by the epidemic have not yet been fully compensated. Hard efforts are still needed to bring the economy back to normal levels.” The country Liu Aihua, spokesperson of the Bureau of Statistics, said that it is difficult to restart the world economy, and the recovery of domestic demand is still subject to certain constraints. There is still great pressure to stabilize enterprises and maintain employment, and we still need to adhere to the bottom-line thinking.
From the perspective of development opportunities, a new round of technological revolution and industrial transformation is in the ascendant, which is reshaping the global innovation landscape and reshaping the global economic structure. Whoever holds the key to technological innovation will be able to take the lead, gain advantages, and firmly hold the initiative in competition and development in their own hands.
However, experts believe that although the current economic situation is still complex and severe, external shocks such as the epidemic will not change the basic trend of my country's long-term economic improvement, and my country's economic resilience is still strong. As the situation of epidemic prevention and control continues to improve, and the resumption of work, production, business and market are proceeding in an orderly manner, my country's economic growth in the second quarter was significantly better than expected, and economic development showed a steady improvement trend. It is leading the way in epidemic prevention and control and economic recovery. At the forefront of the world.
“The most difficult period has passed. Only by working hard to help market entities understand and adapt to these new changes can the positive factors for economic stabilization and recovery continue to increase.” Yang Guangpu, associate researcher at the Macroeconomic Research Department of the Development Research Center of the State Council He said that only by having a dialectical, objective and long-term understanding of the current economic situation, increasing awareness of opportunities and risks, and being good at grasping and utilizing the laws of development can market entities create new opportunities in crises and open up new opportunities in changes.