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2016年上半年,我国经济虽然出现了企稳迹象,但仍然面临较大的下行压力,尤其是固定资产投资增速的下滑态势不断加重。制造业运行情况依然欠佳。与此同时,宏观政策在应对经济下行时却表现出力度不够、效率下降的特征,未充分发挥逆周期调节作用。针对当前的经济形势,宏观政策应实施“积极财政政策+适度宽松货币政策”的组合并将提升民间投资作为“稳增长”的关键点。同时,加快增长动力转换,以促进经济长期可持续发展。
In the first half of 2016, despite the signs of stabilization in China’s economy, China still faces greater downward pressure on the economy. In particular, the declining growth rate of investment in fixed assets is on the rise. Manufacturing operation is still not good. At the same time, macroeconomic policies did not show enough strength and declined efficiency in responding to the economic downturn. They did not give full play to countercyclical adjustment. In response to the current economic situation, macroeconomic policies should implement a combination of “proactive fiscal policy + moderately easy monetary policy” and enhance private investment as the key to “stabilizing growth.” At the same time, speed up the conversion of growth motivation to promote long-term sustainable economic development.