Research on the Development of China's Economic and Financial Situation
Facing the global financial crisis, our government has taken a series of effective measures to successfully deal with it, thus gradually restoring the stability of the financial market. However, the economic and financial growth rate has slowed down significantly. At the same time, the international financial market is still turbulent, which is a great challenge to China's economic and financial development. Therefore, it is imperative to improve the anti-risk ability of the financial industry. In this regard, this paper analyzes the situation of China's economic and financial development and discusses how to promote the healthy development of the financial industry.
Keywords: development strategy of economic and financial situation
With the deepening of economic globalization, the process of financial integration is gradually accelerating. In the post-financial crisis era, financial risks are not only increasing day by day, but also in various forms, which undoubtedly brings pressure and challenges to China's economic and financial development. It is undeniable that remarkable achievements have been made in economic and financial reform in recent years, but there are also some problems that cannot be ignored. Therefore, in order to ensure the steady and rapid development of China's economy and finance, we must further deepen the reform and adopt effective development strategies.
First, China's economic and financial development situation analysis
1. Achievements and opportunities
No matter during the financial crisis or in the post-financial crisis era, national leaders have made correct judgments on China's economic and financial situation, not only implemented a series of effective fiscal policies and prudent monetary policies, but also advocated private investment, stimulated domestic consumption, encouraged and supported the healthy development of small and medium-sized enterprises, made the financial market return to stability, expanded domestic demand, and gradually balanced import and export trade. That is, the "troika" of investment, consumption and export has boosted China's economic growth. Therefore, China's overall economic and financial development situation is good, domestic production factors are relatively sufficient, and the market prospect is broad. We need to seize the opportunity to promote healthy economic development.
2. Problems and challenges
The international financial crisis has a wide range, a long time and great harm. In addition, China's economic structure is still unreasonable, and its financial market needs to be improved. Therefore, China's economic and financial development faces many problems and challenges, among which the pressure of inflation is the most prominent. At present, the international economic and financial situation is turbulent, while China's economic growth momentum is strong, and it faces problems such as resource shortage and aging population, which undoubtedly increases the difficulty of effectively controlling inflation, maintaining steady economic growth and adjusting economic structure. At the same time, due to the increasing foreign exchange reserves, the flexibility and independence of monetary policy have been weakened, and the pressure of putting money on the market has increased. Moreover, the unreasonable allocation of funds and poor liquidity in the financial market, such as the low enthusiasm of residents' deposits, the outstanding financing difficulties of small and medium-sized enterprises, and the imbalance of funds between urban and rural banks, have led to new challenges in economic and financial macro-control, which also means that financial institutions have an arduous task of adjusting credit, transforming operations and preventing risks.
Therefore, in order to improve the economic and financial development of China and ensure the stable, rapid and sustainable development of China's economy, we must correctly grasp the opportunity, actively respond to the challenges, continue to deepen financial reform, strengthen macro-control, adjust the economic structure, change the mode of economic development, enhance the ability to resist risks, improve international competitiveness, and realize the sound and rapid development of China's economy.
Second, the development strategy of China's economic and financial situation
1. Strengthen macro-control of finance and economy.
The government should adjust the monetary target reasonably according to the relationship among asset price, social financing, financial market and financial stability, and continue to implement a prudent monetary policy, such as supporting weak credit links according to the economic and financial situation, determining the focus of credit supply, increasing credit support for technological innovation, energy conservation and emission reduction of enterprises, and focusing on supporting national key projects and enterprises that meet relevant policies, such as cultural tourism industry, advanced manufacturing industry and modern service industry. Small enterprises, in particular, should increase their credit support, but for industries with "two high and one surplus", they should strictly control their loans, encourage and develop the direct consumption business in credit, innovate the micro-credit model and optimize the allocation of credit resources. At the same time, we should be guided by market supply and demand, adhere to the principles of controllability, initiative and gradual progress, improve the floating exchange rate system, strengthen the balance of capital inflow and outflow and the management of foreign debts and claims, actively seek and expand the use methods and channels of foreign exchange reserves, and realize the dynamic and effective management of RMB exchange rate. In addition, we should further coordinate the relationship between monetary policy, industrial policy and financial policy, and pay attention to their close collocation and combination of length and length to ensure the effectiveness of financial macro-control.
2. Scientifically adjust the economic structure
The imbalance of the world economic structure is the deep-seated cause of the international financial crisis, so adjusting the economic structure is a necessary way to maintain financial stability and promote healthy economic and social development. On the one hand, to adjust the industrial structure, we must first properly handle the "three rural issues", continue to implement preferential policies, increase financial support, innovate and popularize agricultural technology, develop agricultural products processing industry, and strive to build modern ecological agriculture. At the same time, it is necessary to deepen the reform of rural financial institutions and guide private investment and innovation by using policies such as tax reduction and loan discount. Secondly, relying on scientific and technological strength to take the road of new industrialization, in addition to national policy support and financial support, financial institutions should increase credit support for small and medium-sized enterprises, provide quality services for their development and innovation, improve their independent innovation ability, and gradually move towards a low-consumption, high-efficiency and environment-friendly economic development mode to promote the coordinated development of manufacturing, basic industries and high-tech industries; Finally, we should vigorously develop the service industry oriented to production and people's livelihood, as well as modern service institutions such as consulting and auditing, so as to alleviate the severe employment situation in China. On the other hand, we should expand domestic demand. The state can implement appropriate preferential tax policies, such as reducing the tax rate and relaxing the tax base, so as to rationally distribute the income of members of society. In combination with the diverse needs of the people, we should take measures to encourage their consumption, such as subsidizing the purchase of household appliances and farm tools and expanding affordable housing. At the same time, increase investment in education, medical care and other people's livelihood security funds, especially in rural areas and economically backward areas, and increase consumption on the basis of no worries, thus expanding domestic demand, improving the reasonable liquidity of market funds and stimulating.
3. Accelerate the structural transformation of financial institutions.
On the one hand, the state should comprehensively consider the requirements of economic development and the actual needs of financial institutions, speed up the reform of financial institutions, scientifically arrange and rationally stratify them, and form a diversified and multi-level organizational system with large international, policy and joint-stock banks as the main body and small, medium and large banks coexisting. In particular, we should adopt corresponding preferential policies to promote the development of local small and medium-sized banks and further improve the rural and community financial service system.
On the other hand, financial institutions should strengthen internal reform, learn from advanced management concepts, technologies and methods, optimize internal governance structure, improve loan pricing mechanism, build an open, transparent and reasonable charging system, establish an incentive system and a financial risk prevention system linked with risk responsibility and salary, improve financial consulting, cash management and risk assessment services according to market demand and industry requirements, and strictly control the issuance of short-term wealth management products. At the same time, it is necessary to strengthen the service awareness of the real economy, rationally develop intermediary business, innovate financial products, expand the scope of services, and improve the service level, so as to meet the diversified needs of different customers and increase the income of value services, especially to strengthen communication and cooperation with corporate customers and seek long-term development space in the process of promoting their development. In addition, we should actively expand international business, make it develop in the direction of financial service investment, form an external service system that is conducive to domestic enterprises going abroad and adjusting the structure of export products, improve the quality of financial services, and better adapt to the economic and financial development situation.
4. Strengthen financial supervision.
Under the new situation, financial risks are not only increasing, but also hidden and potentially harmful. Therefore, it is necessary to strengthen financial supervision and build a perfect risk prevention system. Financial institutions should profoundly and comprehensively examine the risk points in financing platforms, group customers, real estate, international business and other fields, build a cross-border, cross-market and cross-industry risk early warning mechanism, strengthen the development strategy, internal control system and business model, improve the ability to identify, evaluate, control and monitor risks such as interest rates and exchange rates, especially strengthen the control of the quantity and scale of credit, prevent it from being divorced from the real economy, and standardize financial behavior.
Concluding remarks
In a word, the overall situation of China's economic and financial development is good, but it also faces many challenges. Therefore, we must strengthen macro-control of economy and finance, scientifically adjust the economic structure, speed up the transformation of financial structure system and strengthen financial supervision in order to maintain financial stability and promote the steady and rapid development of the national economy.