Xu Shaoshi Talking About Acceptable Elasticity Range Of GDP Growth

In March 6th, Xu Shaoshi, director of the national development and Reform Commission, answered questions from Chinese and foreign reporters on the "economic and social development" and the "13th Five-Year plan" outline in the multi-function hall of the Mei Di center.

Xu Shaoshi said that the 2016 GDP set the interval, reflecting the new idea of innovating macroeconomic regulation and control and grasping interval regulation. It expanded the acceptable economic growth elasticity range.

China Radio International and international online reporter: we know that in this year's government work report, the target of economic growth is set at 6.5%-7%, so the interval setting is relatively rare. Why is this set?

Xu Shaoshi: the prime minister announced the expected target of GDP growth in 2016 in the government work report, that is, the 6.5%-7% interval.

Let us recall that this way of using the interval reflects the new idea of innovating macro control and grasping interval control.

I think mainly from the following two aspects: the lower limit of an interval, this year is the first year of the 13th Five-Year plan, and the key year for building a well-off society in an all-round way in 2020. And from the goal of doubling the GDP of the well-to-do society in 2020, the average growth rate must be above 6.5% in 13th Five-Year. Only then can we achieve this goal. If it is below 6.5%, the pressure will be greater in the next few years.

Therefore, if we are above 6.5%, we can take the initiative.

As we all know, the first two years

Regulation also mentioned this consideration, the bottom plate is employment, the roof is the price, the floor has another meaning is the economic growth rate, so set such a lower limit.

The other is the upper limit, which mainly reflects the positive orientation, and gives a confidence to the society and to the market. If we are higher than 6.5%, we can lead more.

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Last year was 6.9%, and the ceiling of 7% this year is also very close to the growth rate of 6.9%. It is also a realistic ceiling.

On the whole, next year's economic growth target is set at 6.5%-7%. First, it is proactive.

To convey confidence to the market and to the society is conducive to stabilizing expectations and strengthening confidence.

Second, it has expanded the elastic range of acceptable economic growth, and is consistent with our country's economic growth potential.

Many experts have calculated the potential growth rate of China's economy, which is consistent with these calculations, so it is conducive to the realization of the whole goal.

Finally, I would like to say that to achieve this goal, we must still make painstaking efforts and work together under the leadership of the Party Central Committee and the State Council to ensure that the economy is running in a reasonable range.