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If the first half of China's economy in 2020 is dominated by the anti epidemic war and won the periodic victory, then the two sessions of China's economy in late May are expected to lay out the second half of China's economy around the bottom line thinking of "six stabilities and six guarantees". On the premise that there is no suspense about the double loosening of fiscal and monetary policies, both the increase of the deficit rate and the expansion of the scale of special debts are more like a fait accompli "Endorsement".
To ensure the "six stabilities and six guarantees" in the second half of China's economy, the core is to stabilize enterprises and employment. How to implement a larger scale of tax reduction and fee reduction to help the real economy under the impact of the epidemic survive first and then develop? Obviously, it puts forward higher requirements on how to accurately drip macro policies with correct path into micro fields, and whether to set GDP growth goals this year under the normalization of epidemic prevention and control Leave a suspense.
Throughout the statement of this year's Political Bureau meeting, since then, it has repeatedly mentioned "strive to complete the task of the annual economic and social development goals" and "six guarantees" were first proposed at the Political Bureau meeting held on the first quarter data release date (April 17), which let experts guess that this year's economic development goals have significant adjustments.
The two sessions (CPPCC and NPC) originally scheduled to be held on March 3 and 5 this year were postponed due to the epidemic. The 17th session of the Standing Committee of the 13th National People's Congress, which was held at the end of April, was voted and adopted, and the 3rd Session of the 13th National people's Congress will be held in Beijing on May 22. The chairman's meeting of the CPPCC suggested that the 3rd Session of the 13th CPPCC be held in Beijing on May 21.
China's economic and social development goals are usually put forward at the two sessions and approved by the National People's Congress. Previously, scholars generally predicted that this year's GDP growth goal would be set at about 6%, but affected by the epidemic, China's first quarter GDP fell by 6.8% year-on-year. This also made it a suspense how to determine the end of this year's GDP goal.
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