Leading the construction of a modern economic system with a new development concept —— Interpretation of the report of the 19th National Congress of the Communist Party of China and experts in related

  Strengthen the application of basic research and build a strong country in science and technology

  Our reporter She Huimin

  The report of the 19th National Congress proposed to strengthen applied basic research, expand the implementation of major national science and technology projects, and highlight key common technologies, cutting-edge leading technologies, modern engineering technologies and subversive technological innovations, so as to provide strong support for building a powerful country in science and technology, quality, space, network, transportation, digital China and smart society.

  "Applied basic research is a professional word and an application-oriented basic research. There is a saying in scientific research that ‘ Stand tall ’ Basic research is the sky, and the transformation of achievements is the site. Applied basic research is between the two, mainly to tackle key common technologies and share them, which is the foundation and technical source of double innovation. " Damon, a representative of the 19th National Congress of the Communist Party of China and an academician of the Chinese Academy of Sciences, said that applied basic research should be combined with major national science and technology projects, and the result of building a strong country in science and technology should be achieved through key common technologies, cutting-edge leading technologies, modern engineering technologies and subversive technological innovations.

  Deputy Damon said that in September this year, Shanghai and Chinese Academy of Sciences jointly established Zhangjiang Laboratory. With the national laboratory as the goal, the laboratory will strengthen the national strategic scientific and technological strength, focus on major areas with urgent strategic needs, and achieve major basic scientific breakthroughs and key core technology development. "When Socialism with Chinese characteristics enters a new era, it needs stronger national strategic scientific and technological strength." The representative of Damon said.

  Wang Dongqun, representative of the 19th National Congress of the Communist Party of China and secretary of Dingzhou Municipal Committee of Hebei Province;

  Seize the strategic opportunity and promote coordinated development

  Our reporter Lei Hanfa

  According to the report of the 19th National Congress of the Communist Party of China, the coordinated development of Beijing, Tianjin and Hebei should be promoted by relieving Beijing’s non-capital function, and xiong’an new area should be built with a high starting point and high standards.

  "This is a once-in-a-lifetime strategic opportunity for building a regional node city." Wang Dongqun, representative of the 19th National Congress of the Communist Party of China and secretary of Dingzhou Municipal Committee of Hebei Province, said that the coordinated development of Beijing-Tianjin-Hebei and the establishment of xiong’an new area is a major national strategy and a Millennium plan. Whether we can make a difference in the face of this great strategic opportunity is an important test of the ruling ability of local party committees and governments. Dingzhou is located in the 70 km development area of Shijiazhuang, Xiong ‘an and Baoding, and also in the 200 km economic circle of Tianjin and Beijing, with obvious geographical advantages. Dingzhou will actively optimize the investment environment, build the undertaking platform, integrate and dock with Beijing, Tianjin and xiong’an new area, and strive to make a difference in the implementation of these two strategies.

  Deputy Wang Dongqun said that in terms of building the undertaking platform, Dingzhou has planned and built the Dingzhou Economic Development Zone in Hebei with a total area of more than 100 square kilometers in accordance with the management model of one district, multiple parks and enclaves. At the same time, it will further accelerate the construction of public service platforms and infrastructure such as investment and financing, commerce and information, and undertake the industrial transfer of Beijing and Tianjin to the maximum extent; Relying on the new opportunities of coordinated development of Beijing-Tianjin-Hebei and Xiong ‘an, we will promote the synchronous and rapid development of Dingzhou.

  Wen Bin, chief researcher of China Minsheng Bank:

  Hold the bottom line without systemic financial risks.

  Our reporter Chen Guojing

  The report of the 19th National Congress of the Communist Party of China proposed to improve the financial supervision system and keep the bottom line that systemic financial risks do not occur.

  In recent years, with the rapid development of financial industry, financial risks are on the rise, which must be highly valued. Wen Bin, chief researcher of China Minsheng Bank, said that once systemic financial risks break out, it will not only impact the financial industry itself, but also bring greater harm to the real economy.

  Wen Bin believes that at present, we should be especially alert to the impact of the superposition of liquidity risk, credit risk and market risk. Among all kinds of risks, liquidity risk is the primary risk of financial institutions, and risks such as credit, market and operation are often reflected through liquidity risk. Therefore, accelerating deleveraging to reduce liquidity risk has become the top priority to prevent financial risks.

  However, controlling financial chaos and preventing and resolving financial systemic risks cannot be achieved overnight. Wen Bin said that this needs to take into account the current and long-term, overall and local, macro-prudential and micro-management. Only in this way can the real economy not be hurt by managing financial risks and achieve stable and coordinated economic and financial development.

  Wen Bin suggested that, first of all, we should adhere to a prudent neutral monetary policy and maintain a reasonable growth of money and credit; Secondly, we should strengthen the coordination of financial supervision and guide and standardize financial innovation; Thirdly, for banks, it is necessary to improve the long-term mechanism of risk management and resolve and dispose of current risks.

  Yang Changyong, Associate Research Fellow, Institute of Foreign Economics, China Macroeconomic Research Institute:

  Change from a trading power to a trading power.

  Our reporter Gu Yang

  "The report of the 19th National Congress of the Communist Party of China proposed to expand foreign trade, foster new trade formats and new models, and promote the construction of a strong trade country. This not only clarifies the goal of China’s foreign trade development, but also points out the specific realization path. " Yang Changyong, an associate researcher at the Institute of Foreign Economics of China Macroeconomic Research Institute, said.

  Yang Changyong said that on the whole, the market share of China’s foreign trade has steadily increased, and the power conversion and structural adjustment have been accelerating, which has made important contributions to stable economic growth. However, we should also see that there is still a certain gap between China and the trading powers. In this regard, driven by innovation and opening wider to the outside world, we should optimize the layout of foreign trade, accelerate the cultivation of new advantages in foreign trade, and promote the diversified, balanced and sustainable development of foreign trade.

  "Standing at a new historical starting point, we must firmly establish five development concepts, constantly improve the level and level of opening up and development, and accelerate the transformation of China from a trading power to a trading power." Yang Changyong said.

  Zhang Zhaomin, representative of the 19th National Congress of the Communist Party of China and secretary of the Party Working Committee of Pingtan Comprehensive Experimental Zone, Fujian Province:

  We can’t take the old road to improve supply quality

  Our reporter Lin Huocan Xue Zhiwei

  According to the report of the 19th National Congress of the Communist Party of China, to build a modern economic system, we must focus on the real economy, take improving the quality of the supply system as the main direction, and significantly enhance China’s economic quality advantage.

  Zhang Zhaomin, the representative of the 19th National Congress of the Communist Party of China and secretary of the Party Working Committee of Pingtan Comprehensive Experimental Zone in Fujian Province, said that the development experience has shown that it is not feasible to solve the supply quality problem by taking the old road. We must rely on our existing advantages to cultivate new growth points in the fields of high-end consumption and innovation, and embark on a new path.

  Deputy Zhang Zhaomin said that in recent years, Pingtan has closely focused on the requirements of "building an emerging industrial zone" in its development, exerted its policy advantages, and strived to overcome difficulties such as weak industrial base, lack of scientific research institutions and talents, and achieved initial results in the cultivation of characteristic industries; While supporting the optimization and upgrading of traditional industries, we will focus on accelerating the development of the tertiary industry, especially the modern service industry; By innovating the precise investment model of "platform+policy", the development of emerging formats such as cross-border e-commerce, modern finance and headquarters economy has been realized. At present, Pingtan has attracted 44 headquarters-based enterprises and 1,263 financial and quasi-financial enterprises. In 2016, the value of cross-border e-commerce increased by more than 2 times.

  Li Shuang, representative of the 19th National Congress of the Communist Party of China and Party Secretary of Menglou Town, dengzhou city City, Henan Province;

  Accelerate the modernization of agriculture and rural areas

  Our reporter Qiao Jinliang

  The report of the 19th National Congress of the Communist Party of China emphasized that the issue of farmers in agriculture and rural areas is a fundamental issue related to the national economy and people’s livelihood, and we must always take solving the "three rural issues" as the top priority of the whole party’s work. "At the grassroots level, we personally feel that reform is the top priority of rural work." Li Shuang, representative of the 19th National Congress of the Communist Party of China and secretary of the Party Committee of Menglou Town, dengzhou city, said.

  The representative of Li Shuang introduced that in 2016, Menglou Town, dengzhou city, made a pilot project in the whole province to promote the reform of "three powers" separation of agricultural land. The government set up a platform of "Rural Land Development Company" to transfer 98% of the cultivated land in the town in a centralized way, and then transferred it to the outside world after unified rectification. Farmers’ property income, operational income and wage income have been comprehensively improved.

  "Consolidate and improve the rural basic management system, deepen the reform of rural land system and improve the contracted land ‘ Sanquan ’ Split system. This is the focus of rural work in the coming period and what we are currently doing. " Deputy Li Shuang said that on the basis of completing the registration and certification of rural contracted land, and on the premise of voluntary participation of the masses, we should adjust measures to local conditions, boldly innovate the method of transferring farmers’ management rights, cultivate new agricultural management entities, and attract technology, capital and talents to enter agriculture. On the basis of ensuring food security, we will promote the integrated development of rural primary, secondary and tertiary industries, increase farmers’ income, increase agricultural efficiency and revitalize rural areas, so as to make this field more vibrant and full of hope.

  Dong Ximiao, Senior Research Fellow, Chongyang Financial Research Institute, Renmin University of China:

  Double-Pillar Framework Effectively Maintains Financial Stability

  Our reporter Chen Guojing

  The report of the 19th National Congress of the Communist Party of China emphasized that the dual-pillar regulatory framework of monetary policy and macro-prudential policy should be improved, and the marketization reform of interest rates and exchange rates should be deepened. This is a new formulation in the report of the 19th National Congress of the Communist Party of China, and it is also an important goal of deepening the financial system reform in China in the future.

  Dong Ximiao, a senior researcher at Chongyang Financial Research Institute of Renmin University of China, said that in 2016, the People’s Bank of China launched the Macro-prudential Assessment System (MPA), which filled the gaps in the previous monetary policy framework and micro-prudential supervision, and introduced countercyclical control factors, with the aim of preventing and resolving systemic financial risks and maintaining financial stability.

  “‘ Monetary policy+macro-prudential policy ’ The two-pillar framework is an important achievement in the practice of China’s financial macro-control policy framework. " Dong Ximiao believes that prudent monetary policy has created a good monetary and financial environment for supply-side structural reform, macro-prudential policy has provided strong support for the implementation and transmission of prudent monetary policy, and the coordination of "two pillars" has enhanced the foresight and effectiveness of financial macro-control and better maintained financial stability.

  Dong Ximiao suggested that the next step is to continue to strengthen and improve the relevant mechanisms: first, we should continue to strengthen the role of monetary policy in promoting the marketization of interest rates; Secondly, it is necessary to strengthen the coordination of financial supervision and macro-prudential management; Thirdly, we should further enrich the connotation and extension of the "double-pillar" framework.

  Gu Xueming, Dean of International Trade and Economic Cooperation Research Institute of Ministry of Commerce:

  Promote the formation of a new pattern of comprehensive opening up

  Our reporter Feng Qiyu

  The report of the 19th National Congress proposed to promote the formation of a new pattern of all-round opening up. Gu Xueming, president of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, believes that promoting the formation of a new pattern of all-round opening up is a new promotion of China’s reform and opening up, and it is also a major strategic deployment under the background of Socialism with Chinese characteristics entering a new era, which is of special significance.

  The report of the 19th National Congress of the Communist Party of China made a series of arrangements to promote the new pattern of opening up from the aspects of "Belt and Road" construction, foreign trade, regional opening layout, and the reform of free trade pilot zones. Gu Xueming said that from the report of the 19th National Congress of the Communist Party of China, the new pattern of opening up contains profound connotations such as new models, new platforms, new formats, new fields and new advantages. Promoting the formation of a new pattern of comprehensive opening up also requires efforts in these areas.

  In terms of the new model, it is necessary to take the construction of the "Belt and Road" as the guide, adhere to joint construction and sharing, and form an open and cooperative model that is suitable for the new situation of economic development; In terms of the new platform, the free trade pilot zone will gain greater autonomy in reform, explore the construction of free trade ports, and accelerate the facilitation of trade and investment; In terms of new formats, the use of new information technology to develop cross-border e-commerce and foreign trade integrated service platforms; In terms of new fields, expand the opening up of services and other fields; In terms of new advantages, it is mainly to improve the level of opening up and accelerate the cultivation of new advantages in international economic cooperation and competition.