Local officials talk about how to implement "supply-side structural reform"

Xu Shousheng, Secretary of the Hunan Provincial CPC Committee:

Supply-side reform should do a good job of "addition, subtraction, multiplication and division"

In 2016, we will put supply-side structural reform in a more prominent position and strive to do a good job in "subtraction", "division" and "addition" and "multiplication". To do a good job in "subtraction" and "division" is to reduce administrative intervention in normal economic activities and lighten the burden on enterprises. No matter what the reform is, it is inseparable from the development of the real economy. To lighten the burden on enterprises is far from enough, we should focus on all aspects, take more measures at the same time, concentrate on serving the real economy, really support the real economy, and build a solid foundation for economic development. To do a good job in "addition" and "multiplication" is to speed up the optimization and upgrading of the industrial structure in the direction of high-end, intelligent, green, and service, vigorously promote mass entrepreneurship and innovation, and improve the total factor productivity of labor, land, capital, and technology.

It needs to be emphasized that supply-side structural reform is a "prescription for traditional Chinese medicine" and a permanent cure, which solves deep-seated problems in the economic structure and involves many medium-and long-term strategic arrangements. 2016 is the year of transition, and leading cadres at all levels should not have the idea of prescribing drastic drugs to make the economic data look better, or even want to use it as capital to get a certain position, leaving a mess.

Chen Xingchao, Secretary of the Yingtan Municipal CPC Committee, Jiangxi Province:

Closely follow the four main lines of "Labor, Capital, Innovation and Government" to promote supply-side structural Reform

Promoting supply-side structural reform is not only a major innovation to adapt to and lead the new normal of economic development, but also an inevitable requirement to adapt to the new normal of China's economic development. In connection with the reality of the economic development of our city, I feel that to understand the supply-side structural reform, we must comprehensively grasp the "five policy pillars" of macro policy, industrial policy, micro policy, reform policy and social policy, and on the basis of the "five major tasks" of eliminating production capacity, removing inventory, deleveraging, reducing costs and making up for deficiencies, pay attention to activating the "four elements" on the supply side. Pay close attention to the four main lines of labor, capital, innovation and government to promote supply-side structural reform.

First, efforts should be made to optimize the allocation of labor force. Based on the industrial characteristics and advantages of Yingtan, efforts should be made to speed up the development of modern service industries focusing on tourism and logistics, and guide more labor force to flow to tourism, logistics and modern agriculture. We will actively seize the opportunity of the national comprehensive pilot project of new urbanization, promote the construction of "global Yingtan", deepen the reform of the household registration system, guide the orderly transfer of surplus rural labor to the cities, strengthen vocational education and training, and improve the quality of workers.

The second is to optimize the allocation of land and capital. We will consolidate the achievements of rural land registration, further improve the information management platform for shared land contracting at the city, county and township levels, and promote rural land circulation. We will strengthen investment in infrastructure, promote the opening of some urban construction projects and public services to social capital, and improve the efficiency of capital use. We will increase investment in people, especially in poor areas and people, so as to enhance the well-being of the masses in an all-round way.

The third is to improve total factor productivity. We will properly implement our city's "40 articles on steady growth" and "36 articles on Entrepreneurship and Innovation", and promote mass entrepreneurship and innovation. We will strengthen the combination of industry, university and research, enhance the innovation capability of the copper industry, speed up the elimination of backward production capacity of copper enterprises, and resolve overcapacity in the copper industry. We will standardize all kinds of financing behavior, carry out special rectification of financial risks, and effectively resolve the risks of government debt.

Fourth, the government itself should implement supply-side reform. Efforts should be made to transform government functions, standardize the operation of "intermediary supermarkets", clean up various unreasonable charges, and help enterprises reduce operating costs. We will promote the reform of the comprehensive administrative law enforcement system and the reform of expanding powers and strengthening towns, so as to relax the constraints for economic development. We will further create a stable and coherent policy environment, a high-quality and efficient government environment, and a loose and harmonious social environment.

Zhang Hongxing, mayor of Fuzhou City, Jiangxi Province:

Four major risks should be paid attention to in order to resolve overcapacity

The central government has pointed out the direction for the five major tasks of "eliminating production capacity, removing inventory, deleveraging, reducing costs, and making up for deficiencies." it is proposed that the implementation of macro policies should be stable, industrial policies should be accurate, micro policies should be viable, reform policies should be practical, and social policies should support the bottom five policy pillars.

By contrast, the hardest of these five tasks is capacity. Overcapacity restricts the healthy and sustainable development of the economy. at present, there is a serious overcapacity in many industries, including steel, cement, flat glass, electrolytic aluminum and other industries. Fuzhou also has the problem of low-end overcapacity, such as non-ferrous metal roughing, traditional textile and clothing, chemical building materials industry and so on.

In order to resolve overcapacity, we should pay attention to four major risks. One is debt risk. Enterprises have not only liabilities to banks, but also accounts payable between upstream and downstream enterprises, as well as guarantees between enterprises, and so on. These complicated "triangular debts" bring great difficulties to enterprise merger and reorganization and bankruptcy liquidation, and if they are not handled properly, it will also cause a chain reaction. The second is the risk of stability. Most of the industries with overcapacity are labor-intensive industries with a large number of employees. The elimination of backward production capacity and the elimination of zombie enterprises all involve the relocation of a large number of workers, which can easily lead to unstable factors within the enterprise and society. The third is financial risk. In the short term, capacity loss will bring difficulties to local economic growth and fiscal revenue. Fourth, the risk of development. If the macro-control hand intervenes improperly, it will also "kill" good enterprises by mistake. For example, our city's non-ferrous metal processing industry belongs to structural surplus, that is, "low-end surplus, high-end shortage". There are also good enterprises with strong product market demand in this kind of surplus industry. if we use the method of "loan restriction" and "grain shortage" across the board to promote the resolution of overcapacity, it will affect the transformation and upgrading of the industry. Although it is not easy to eliminate excess capacity, we believe that as long as we have patience and determination, we can certainly speed up the process of eliminating capacity.

Guo Jian, Director of Chongqing Economic and Informatization Commission:

The "two hands" of the government and the market should not only clarify the boundary, but also coordinate with each other.

The supply-side structural reform of Chongqing industry should focus on the changes in the total amount and structure of market demand, properly handle the relationship between Chongqing and the whole country, between current and long-term, and between traditional and emerging industries, and make an overall effort to "add, subtract, multiply and divide". Effectively improve the quality and efficiency of industrial supply-plus, that is, through incremental structural adjustment, to cultivate a new driving force for growth. To reduce is to remove excess and invalid production capacity, to achieve "downsizing and quality improvement" of the industry; to give full play to the multiplier effect of innovation leading development; and to remove institutional and institutional obstacles, improve the degree of marketization, and further optimize the development environment. Generally speaking, supply-side reform is a systematic project, which requires mixed planning of "addition, subtraction, multiplication and division". The "two hands" of the government and the market should not only clarify the boundary, but also coordinate and cooperate, and highlight the decisive role of the market in the allocation of resources. constantly improve the quality and efficiency of economic development.

In recent years, Chongqing industry has maintained a momentum of rapid growth, thanks to the efforts made in supply-side management such as the transformation and upgrading of traditional industries and the cultivation and development of emerging industries. The eighth Plenary session of the fourth Municipal CPC Committee proposed to "vigorously promote supply-side structural reform", which will bring a fundamental transformation and adjustment to the government, industry and enterprises. As far as the government is concerned, it is the driving force for the government to change its functions, urge governments at all levels to strictly follow the laws of the market, further streamline administration and delegate power, release market vitality, reduce institutional transaction costs, and improve supply efficiency. For the industry, it is the acceleration force to reverse the declining trend, promote the traditional industry to change from capacity expansion to connotation extension through mode reconstruction and path optimization, and the emerging industry forms a new power group of economic growth through continuous growth and development, and increase effective supply. For enterprises, it is the incubation power of nirvana rebirth, which urges enterprises to practice their internal skills, transform and extricate themselves from difficulties, and realize market-oriented withdrawal through merger and reorganization, debt restructuring and bankruptcy liquidation, so that zombie enterprises and shell companies can be dealt with safely. remove invalid supply.