Journal : Date : Author : CCTV News Client, Special Commentator Yang Yu Page No. : NA

The upcoming 2020 is an extraordinary year in the history of New China. We “handed over an answer sheet that is satisfactory to the people and of world-renown. It will be recorded in the annals of history”. To understand the spirit of the Central Economic Work Conference, we must have a profound understanding of the extremely important “five fundamentals” in this “answer sheet that go down in history.”

In recent years, the Central Economic Work Conference has continuously summarized and summarized the ideas and understandings formed in practice. The 2017 Central Economic Work Conference established Xi Jinping’s Economic Thought on Socialism with Chinese Characteristics for a New Era with the new development concept as the main content, and put forward the “seven persistences”; the 2018 Central Economic Work Conference put forward the understanding of the regularity of economic work in the new situation by embodying it in the “five musts”; the Central Economic Work Conference in 2019 also put forward some important understandings formed in the work, which are embodied in the “four musts”.The 2020 Central Economic Work Conference emphasized that “in the practice of coordinating the overall domestic and international situations, coordinating epidemic prevention and control, and economic and social development, we have deepened our understanding of the regularity of economic work under severe challenges faced by the party”. The the authority of the Party Central Committee is the fundamental source of reliance for the whole party and the people of all ethnic groups to face up to difficulties in times of crisis; the supremacy of the people is the fundamental prerequisite for making correct choices; institutional advantages are the fundamental guarantee for the formation of powerful forces to overcome difficulties; scientific decision-making and creative response are the fundamental method of turning crises into opportunities; technological self-reliance and self-reliance are the fundamental pillars of support for promoting the overall situation of development.After experiencing the big test of the epidemic and the arduous battle against the epidemic, this understanding is heavy, extremely heavy, and extremely deep.

The Central Economic Work Conference emphasized that “next year will be a year of special importance in the process of the country’s modernization drive”. Why is it of “special importance”? Because in this year, we will have to take the “first step” with multiple meanings — the first step in the “14th Five-Year Plan” period, the first step in the next 15-year journey towards achieving the goal of basically realizing the vision of modernization by 2035 and it will also be the realization of the first step in the last three decades of the journey to the second centenary goal.

To build a new development pattern, we must “take the first step and review the new outlook” next year. To understand the spirit of the Central Economic Work Conference, it is especially necessary to deepen the understanding of the spirit of the Fifth Plenary Session of the 19th Central Committee of the Party. Based on the new development stage, implementing the new development concept, and building a new development pattern, this Central Economic Work Conference specifically emphasized that next year’s macro policies must maintain continuity, stability, and sustainability. Compared with the past, the emphasis on “sustainability” has been increased. For example, around the proactive fiscal policy, on the basis of the “improvement of quality and efficiency” proposed last year, the requirement of “more sustainable” was added.

Constructing a new development pattern is a development issue, but it is essentially a reform issue. Therefore, in the deployment of the Central Economic Work Conference, the requirements of reform and innovation and the content of reform and opening up are reflected throughout the text, emphasizing that “we should pay more attention to deepening reform and opening up to enhance the endogenous impetus of development”.

The Central Economic Work Conference proposed that in 2021, eight key tasks should be grasped. The outstanding impression is that it particularly embodies the problem orientation, the tight grasp of the main contradictions and the main aspects of the contradictions, and the active response to the major and specific concerns of the people.

For example, the number one priority task for next year is to strengthen the national strategic scientific and technological capabilities. This in itself is clearly stated in the “Planning” proposal adopted by the Fifth Plenary Session of the Central Committee. The Central Economic Work Conference specifically emphasized two roles — one is to give full play to the role of the State as the organiser of major scientific and technological innovations and the other is to give full play to the main role of enterprises in scientific and technological innovation. These two functions can be said to be indispensable.

“Enhancing the independent and controllable capacity of the industrial chain and supply chain”, the key task for next year, is also for implementing the requirements of the Fifth Plenary Session. The focus is on two projects– the key core technology research project and the industrial base reengineering project. This is also a manifestation of doing your own business well.

Every year when the news of the Central Economic Work Conference comes out, everyone is very concerned about how to talk about the “three rural” work. This year, we have highlighted the main contradictions and put forward straightforwardly to “solve the problems of seeds and arable land”.

Every year, everyone is particularly concerned about how to talk about housing issues. This year, we have also grasped the main contradictions and emphasized “solving outstanding housing problems in big cities”. In addition to reiterating the requirements of “no speculation in housing” and promoting the stable and healthy development of the real estate market, this meeting also put forward a series of important requirements especially around the housing rental market. The subtext is to solve the housing problem, focusing on solving the problems in big cities, handling the relationship between house purchase and renting, and providing more convenient, orderly, and safer housing environment for more people entering big cities.

Focusing on expanding domestic demand, the Central Economic Work Conference has deployed a series of important tasks. There is a sentence-“Orderly removal of some administrative restrictions on consumer purchases”. Turning to the “Planning” recommendations adopted by the Fifth Plenary Session, it is proposed to “promote the transformation of consumer goods such as cars from purchase management to use management”.  Looking at these two sentences together, this must be of particular concern to the general public, and it is also expected that all localities will actively implement it.

Another key task next year is “strengthening anti-monopoly and preventing the disorderly expansion of capital”. From the deployment of the Central Economic Work Conference, a dialectical relationship can be realized: the state not only supports the innovation and development of platform enterprises, but also regulates development according to law, and strengthens regulations and supervision.

Finally, there are two more interesting keywords——

One is “hard work”. The meeting emphasized that after several generations of consistent and continuous struggles, our country will soon build a well-off society in an all-round way. This is the starting point for a new struggle in a new life, and we must continue to work hard.

The second is “expertise“. The meeting emphasized that leading cadres at all levels should improve their professional capabilities and strive to become experts in the leadership of building a new development pattern.

Let us work hard together. Let party and government cadres compete to be experts. In the process of implementing the spirit of the Central Economic Work Conference, we must not only carry the unchanging original intention, but also demonstrate the determination to move forward, but also reflect the ingenuity of understanding and grasping the laws, and ultimately we will continue to enhance confidence in practice.


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