Interpretation of the full text of Jiangsu’s 13th Five-Year Plan in 2019

The following is some information about Jiangsu’s 13th Five-Year Plan.

Keywords Cultivate new development momentum

——Focus on cultivating new drivers of development, giving full play to the fundamental role of consumption in growth, the key role of investment in growth, and the promoting role of exports in growth.

Consumption, investment, and exports are the "troika" that drive economic growth. The Provincial Party Committee's "Thirteenth Five-Year Plan" recommendations propose to accelerate the transformation of development momentum, release new demands, create new supplies, and better leverage the role of the "troika" on economic development by optimizing the allocation of human resources, capital, technology, management and other factors. Coordinate the pulling effect.

"Emphasizing the coordination and pulling role is to let each of the 'troika' play their due role. In the past, investment and export played a relatively prominent role. Now, it is time to release consumption potential." Liu Xingyuan, deputy director of the Provincial Bureau of Statistics, said. In fact, in 2013-, the demand structure of Jiangsu's economy has quietly changed. The contribution rate of consumption to economic growth has increased by 1.5 percentage points, while the contribution rates of investment and net exports have decreased by 1.3 percentage points and 0.2 percentage points respectively. ,, the contribution rates of Jiangsu's three major demands were 50.9%, 47.7% and 1.4% respectively, and consumer demand has become the main driving force for economic development. But this is just the beginning of the evolution of the trend. Looking at the world, looking at the proportion of the three major demands in GDP, the consumption proportion of Western developed countries is generally more than 70%, while Jiangsu only accounts for 47.7%. Although the proportion is 12 years later Investment is once again over the top, but there is still a big gap between China and Western developed countries. At present, Jiangsu has reached the level of moderately developed countries in the world, and the gap in consumption share also reveals room for future consumption growth.

How to coordinate the development of the "Troika"? The Provincial Party Committee's "Thirteenth Five-Year Plan" recommendations not only accurately position their respective roles, but also point out the realistic paths for each to play their roles.

"Focusing on expanding service consumption will drive the upgrading of the consumption structure," Qian Zhixin, a professor at Nanjing University, was deeply impressed by this point. "After basic living expenses such as food and clothing are met, residents' consumption has shown new characteristics of quality and personalization, and the consumption of services such as information, culture, tourism, elderly care, and medical care is becoming a new consumption hotspot." Consumption has shifted from survival to survival. Upgrading to development, from material to service, and from traditional to new are undoubtedly important manifestations of the upgrading of Jiangsu's consumption structure. , the proportion of Jiangsu's service industry in GDP exceeded the secondary industry for the first time. During the "13th Five-Year Plan" period, as the proportion of the service industry continues to increase and Internet technology is more widely and more maturely applied, the potential of service consumption is bound to be further released. “However, judging from phenomena such as many Chinese people rushing abroad to buy toilet seats and patients traveling overseas to seek medical treatment, the purchasing power of Chinese consumers is still strong, but the quality of manufacturing products and the level of the service industry are still very low. Big room for improvement.”

Liu Xingyuan said that in order for the people to "dare to consume, be able to consume, and be willing to consume", comprehensive policies need to be implemented in many aspects such as the reform of the income distribution system, social security, medical care, education and other aspects of people's livelihood construction. Let residents' income growth keep pace with the economy, use policies to guide consumption in the direction of smart, green, healthy and safe, and create a consumer environment that is honest, convenient, safe and secure... The Provincial Party Committee's "13th Five-Year Plan" recommendations have "arrangements" for these. , making the foundation for stabilizing consumption more solid.

In the eyes of experts, investment, as the "key" to economic growth, will still play a "very important" role in the future. Qian Zhixin believes that the key is to increase effective investment, improve investment efficiency, and drive the transformation and upgrading of the industrial structure by optimizing the investment structure. An important aspect of investment structure optimization is the optimization of the investment subject structure. Private capital is closer to the market and more sensitive to investment risks. Therefore, by deepening the reform of the investment and financing system, we must break the "glass door" and "spring door" of private capital investment and use government financial funds as a lever to drive more The participation of private capital and even social funds in investment reflects the decisive role of the market in resource allocation.

In recent years, the PPP model, in which the government and social capital cooperate to invest in public infrastructure, has become popular. As one of the earliest provinces in the country to explore and promote PPP work, Jiangsu has made significant progress in promoting and applying PPP. Not only has it established a PPP financing support fund with an initial scale of 10 billion yuan, but the province has also reviewed and entered 266 PPP projects, with a total of The investment reaches 5 billion + 4.5 billion yuan. The PPP model not only reduces the government's financial burden, but also mobilizes the huge potential of private capital and social funds.

An open economy is Jiangsu’s distinctive feature and outstanding advantage. Although Jiangsu's foreign trade has been under greater transformation pressure in recent years due to the combined effects of multiple factors such as shrinking foreign demand, slowing domestic demand, and rising comprehensive costs, and its contribution to economic growth has also declined, Jiangsu's foreign trade has continued to improve quality and efficiency and New progress has also been made in optimizing import and export, and its “promoting” role in economic growth cannot be neglected.

Liu Xingyuan said that under the background that China's trade in goods has ranked first in the world and its import and export trade volume is second only to the United States, Jiangsu's foreign trade growth model should also shift from "large imports and large exports" to "optimal imports and excellent exports." The so-called "optimal import" means selectively importing advanced technologies, key equipment and important parts and components that are in short supply. "Excellent export" means promoting the "whole industry chain export" of products, technologies, and services. Therefore, technology, standards, brands, and quality , services, etc. should become the core of Jiangsu's new external economic advantages in the future. In particular, service trade relative to trade in goods should become an important focus in expanding opening up and expanding development space. Jiangsu's service trade import and export increased by 18.7% year-on-year, much higher than the 2.3% growth level of total import and export, showing great potential for development.