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CCTV News Reporting on Dean BAI’s Solutions in CPPCC Discussion

2020-05-25
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On May 25, in the special column "Work together to forge ahead—representatives discussing on national affairs" of CCTV News, BAI Chong-En, member of the National Committee of the Chinese People's Political Consultative Conference and Dean of Tsinghua SEM, discussed the Report on the Work of the Government and proposed suggestions jointly with other representatives: "Protecting the market subjects is a key measure to stabilize finance and maintain long-term growth vitality of the market. We should be more precise in policy implementation. Different industries should have different levels of support, while different enterprises in the same industry should acquire support with consistency. "

BAI also believed that it is pragmatic for the newest Report on the Work of the Government to not mention the specific target of economic growth, but focused on the main quantitative indicators about employment and prices, that is, the unemployment rate below 6% and the consumer price index below 3.5%.

BAI Chong-En: “For the first time, no economic growth target has been set. I think it is very pragmatic to do so. Under the influence of the epidemic, the global economy, including China's economy, is facing great uncertainty. Along with such uncertainty, if economic growth targets are set factitiously, we may land in a passive position when the situation changes.”

“Under the present circumstances, it is vital to keep the economic bases. I feel that the focus of the Report on the Work of the Government this year is to take solid action in the three critical battles (against potential risk, poverty and pollution), as well as to perform well in the ‘six securities’ (ensure security in job, basic living needs, operations of market entities, food and energy security, stable industrial and supply chains, and the normal functioning of primary-level governments) with emphasis on the ‘six stability’ (ensure stability in employment, financial operations, foreign trade, foreign investment, domestic investment, and expectations).”

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