7.5% and 4%, a GDP growth target and a CPI control target will have a historical "new combination." Yesterday (March 5), Premier Wen Jiabao’s government work report at the Fifth Session of the 11th National People’s Congress outlined the 2012 work guidelines. As the core of many economic indicators, China's GDP growth target this year is set at 7.5%, which is 1.7 percentage points lower than the actual growth rate last year, and is lower than 8% for the first time in 8 years; the CPI control target is locked at 4%. Although the above GDP growth target is in line with the economic growth forecast during the 12th Five-Year Plan period, it still attracts widespread attention. Some analysts told the "Daily Economic News" reporter that for the Chinese economy in the midst of rapid growth, the potential risk of a 0.5 percentage point "deceleration" cannot be ignored. At the same time, in the current unsatisfactory external environment, the transformation of the economic development mode is urgent. The economic growth target was flexible and fell back yesterday. Zhang Ping, director of the National Development and Reform Commission, said in a question-and-answer session: "In the face of a severe and complicated situation, we must make a hard work of 7.5% growth." The implication is that 7.5% is a Not a low growth rate. He said that the purpose of slowing down the economic growth rate appropriately and lowering it is to better implement the economic development path with the theme of scientific development as the main line to accelerate the transformation of economic development. Jia Kang, member of the National Committee of the Chinese People's Political Consultative Conference and director of the Finance Department of the Ministry of Finance, told the "Daily Economic News" reporter that although the actual growth rate of GDP in the previous two years exceeded the expected target, the overall decline was in the gradual decline, and this flexibility fell back. China’s economic hard landing has eased and eased inflationary pressures. In fact, the reduction in GDP growth targets may also face a real environment. The first is the internal environment. Premier Wen Jiabao pointed out in the government work report that the current price level is still at a high level, the real estate market regulation is at a critical stage, the stable development of agriculture, the continuous increase of farmers' income is more difficult, the pressure of total employment and structural contradictions coexist, and some enterprises, especially small and miniature Business difficulties have increased, overcapacity in some industries has been highlighted, and total energy consumption has grown too fast. The external environment is also not optimistic. "The international economic situation is still severe and complicated, including the European debt problem and regional hotspot issues, as well as the difficulties encountered by developed countries in the economic recovery process," Zhang Ping said. Local “reducing GDP†is difficult. In Jia Kang’s view, the target of lowering GDP growth is “guided indicators†rather than hard indicators. It is hoped that local governments will shift their attention to structural adjustment. As an economy that has long been in the midst of high growth inertia, the risks caused by slowing economic growth cannot be ignored. Many scholars interviewed by the "Daily Economic News" reporter worried that in the process of economic growth decline, if the structure cannot be adjusted in time, it is likely to affect employment. The decision-making level is obviously also very concerned about this. Zhang Ping said that although the economic growth rate is expected to be lowered by 0.5 percentage points, it is still necessary to expand employment. According to reports, this year's new employment targets for urban areas still need to reach more than 9 million, which is the same as last year. However, based on past experience, local governments seem to be more inclined to maintain employment by increasing GDP growth. In addition to Beijing, Shanghai and other economic leaders and provinces and cities will target 8% to 9%, many provinces still have double-digit targets. "Expanding domestic demand" will become a key word in the current weak investment and weak exports, "expanding domestic demand" will undoubtedly play a more important role. At the CPPCC demarcation seminar yesterday afternoon, a member of the economic sector said, "In the past, we often mentioned three carriages, but now this concept is rarely heard. Instead, it is to expand domestic demand." The most distinctive position in the "main task of this year" points out that expanding domestic demand, especially consumer demand, is the fundamental standpoint for the long-term stable and rapid development of China's economy, and is the focus of this year's work. Mei Xingbao, a member of the National Committee of the Chinese People's Political Consultative Conference, believes that with policy support, the contribution rate of consumption to GDP this year may exceed investment and become the strongest carriage to drive economic growth. On the other hand, many industry experts are not too worried about the decline in GDP growth. Li Ruogu said that this year China’s inflation target is 4%, and the GDP target is 7.5%, which is added to 11.5%. If we use 11.5% of M2 minus 11.5%, we need to increase the space by 2.5%. “Our country used to be So, the final number is always higher.†The National People’s Congress and the director of the Institute of Population and Environment of the Chinese Academy of Social Sciences, Cai Wei, also believe that the real GDP growth rate this year will not be so low.It has Single axis and Multi axis processing functions,
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