On the morning of May 12, 2022, the Propaganda Department of the Central Committee of the Communist Party of China held a series of press conferences on the theme of "This Decade of China". Li Meng, Vice Minister of the Ministry of Ecology and Environment Ye Min, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations Wang Shouwen, and Deputy Governor of the People's Bank of China Chen Yulu attended the press conference to introduce the construction and reform of economic and ecological civilization and answer reporters' questions.
Han Wenxiu said that the potential of domestic demand should be fully tapped. Comprehensively strengthen infrastructure construction, play the key role of effective investment, and play the leading role of consumption in the economic cycle.
Vigorously promote the energy revolution, do not engage in sports "carbon reduction"
Hu Zucai and Chen Yulu introduced the effectiveness of monetary policy in supporting the steady growth of the real economy and the development of the green economy at the meeting.
Chen Yulu said, "In the next stage, the People's Bank of China will strengthen cross-cycle policy adjustment, speed up the implementation of the policies and measures that have been introduced, actively plan incremental policy tools, stabilize the total amount of credit, reduce financing costs, and strengthen the focus on key areas and weak areas. We will increase the financial support for the real economy and increase further support for the real economy." Chen Yulu said.
Regarding the development of green finance, Chen Yulu said that China's multi-level green financial products and market system have basically been formed. By the end of 2021, the balance of green loans in both domestic and foreign currencies in China has approached 16 trillion yuan. In 2021, the issuance of green bonds in China will exceed 600 billion yuan, a year-on-year increase of 180%, and the balance will reach 1.1 trillion yuan. The incentive and restraint mechanism for green finance has been gradually improved, and social funds have been driven to invest in green and low-carbon fields through the creation of carbon emission reduction support tools and special re-lending to support the clean and efficient use of coal.
In order to steadily advance the "dual carbon" goal, one of the important areas is to vigorously promote the energy revolution. Hu Zucai revealed that it is necessary to vigorously develop new energy. In desert, Gobi, and desert areas, a large-scale wind power photovoltaic base of 450 million kilowatts is planned to be constructed, and the construction of the 85 million kilowatt project has already started. The second batch of projects is stepping up the preliminary work to accelerate the construction of a new energy supply and consumption system. In order to improve the level of clean and efficient utilization of coal, all coal-fired power generating units with coal consumption exceeding 300 g/kWh for power supply should be upgraded.
"What needs to be emphasized here is that China's basic national conditions are rich in coal, poor in oil, and little in gas. The gradual withdrawal of traditional energy must be based on the safe and reliable replacement of new energy, and insist on establishing first and then breaking down to achieve safe carbon reduction." Hu Zucai We must maintain our strategic focus, keep our eyes on the "dual carbon" goal and not relax, be down-to-earth and work hard for a long time, do not engage in "carbon charge", do not engage in sports "carbon reduction", and promote the "dual carbon" in an orderly, powerful and effective manner. work, and constantly achieve new results.
Promote the establishment of high-standard free trade agreements
In terms of opening to the outside world, Wang Shouwen, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations, introduced that China has made historic achievements in opening up in the past decade. One hundred million U.S. dollars. In 2021, foreign investment will reach 1.15 trillion yuan, an increase of 62.9% over 2012. The Belt and Road economic and trade cooperation has been promoted with high quality.
China is exploring the management model of implementing the negative list for foreign investment access, and has continuously reduced the number of restrictive measures on the list. Implement a new foreign investment law. The level of institutional openness in China has been continuously improved.
So far, China has established 21 pilot free trade zones, replicating and promoting 278 institutional innovations across the country. Contributed imports and exports accounted for 17.3% of the country's total, and foreign investment accounted for 18.5% of the country's total. In 2018, the construction of Hainan Free Trade Port was launched, and more than 120 institutional innovation achievements have been launched so far.
With the official implementation of RCEP in 2022, it marks the official landing of the free trade zone with the largest population and largest economic and trade scale in the world. In the next step, China will actively promote its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA) to further establish a high-standard free trade agreement. Editor / Xu Shengpeng
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