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Zhang Yueyou: Take the Initiative To Ensure High-Quality Stable Growth
Release time: 2022-03-09   Author: Zhang Yueyou

In the second half of 2021, China's economic growth momentum slowed down. In the third and fourth quarters, the economic growth rate fell to 4.9% and 4.0%. Although the annual growth rate reached 8.1%, it grew by an average of 5.1% in two years. In order to ensure the continuous and stable operation of China's economy, we must introduce stable growth policies in time. The 2022 government work report pointed out that we should "put steady growth in a more prominent position". At the same time, the report also stressed that to stabilize growth, we should "adhere to the people-centered development idea", effectively ensure and improve people's livelihood, constantly enhance the balance, coordination and sustainability of development, and solidly promote common prosperity. In short, this round of steady growth will neither allow the decline of economic growth nor vigorously turn the steering wheel for extensive development. It is a high-quality steady growth that takes the initiative in a leisurely manner and leaves room for determination. This paper focuses on the growth target of 5.5% and the purpose of stable growth, and finally provides some policy suggestions for local governments to stabilize the economy and improve the well-being of people's livelihood.