The "Economic Daily" published here today published an article entitled "Current Macro-Control Situation and Tasks" from the Economic Integration Department of China's National Development and Reform Commission, explaining the current outstanding problems in China's economy and the focus of future work. To

The article believes that China's economic development has started well this year, and the national economy continues to maintain a momentum of rapid growth. However, we must also realize that with the rapid economic growth, some prominent contradictions and problems in economic development since last year have not been effectively alleviated, and some are still developing. Mainly manifested in: further expansion of investment demand. In the first quarter, investment in fixed assets in the whole society increased by 43% year-on-year, and the growth rate increased by 15.2% year-on-year. The growth momentum of blind investment in some industries has not diminished. In the first quarter, investment in steel and cement more than doubled. Investment in real estate development continued to grow rapidly. Local investment, especially in the coastal areas, has grown too fast. Investment in the eastern region increased by 47.8%, accounting for 64.2% of the country's total. To

The scale of loans is still too large. At the end of March, the broad money supply M2 increased by 19.2% year-on-year, which was 0.7% higher than the same period last year. It was slightly lower than the end of the previous year, but it was still running at a high level. In the first quarter, financial institutions added 834.2 billion yuan in renminbi loans, which changed the month-on-year decline since the fourth quarter of last year and increased by 23.8 billion yuan year-on-year. Foreign exchange loans continued to increase rapidly, with an increase of US$9.4 billion in the first quarter, an increase of US$4.2 billion year-on-year. To

Tensions in power, coal, and transportation have intensified. In the first quarter, power production increased by 15.7%. Power generation equipment continues to be overloaded, and the hourly utilization rate of thermal power generation equipment has reached the highest value in all years. However, there are still 17 provinces with power cuts, and the power shortage in East and South China has further intensified. Coal supply is becoming increasingly tight. In the first quarter, coal production increased by 14.4%, but it was still unable to meet the needs of excessive growth. To

Inflationary pressure has increased. Driven by the rapid increase in investment, the overall price of the means of production in circulation rose by 8.1% last year, and rose by 14.8% year-on-year in the first quarter. In the first quarter, the overall level of consumer prices rose by 2.8%, of which the impact of rising food prices such as grain accounted for 2.4%. In addition, the rising prices of resource products such as iron ore, alumina, and cotton in the international market have also increased domestic production costs. To

The article said that among the above problems, the most prominent is the excessive scale of fixed asset investment, especially the excessive growth of some industries. If these problems are not effectively resolved and allowed to develop, the contradiction between resources and the environment will become more prominent, the contradiction of irrational structure will be exacerbated, and a large amount of excess production capacity will appear. To

The article emphasizes that in response to outstanding problems in economic operations, it is necessary to further improve the macro-control work in accordance with the deployment of the central government. First, we must unify our thinking, integrate all aspects of thinking into the central government's deployment of economic work, and conscientiously implement the central macro-control measures. Second, we must clarify the focus. The focus is to control the excessive growth of investment, ease the contradiction between coal, electricity, oil transportation and the tight supply of important raw materials, and strengthen weak links such as agriculture and food production. Third, we must deepen reforms, accelerate the separation of government and enterprises, give better play to the basic role of the market in allocating resources, and resolutely correct government intervention in corporate activities. Mainly use economic and legal means, and adopt necessary administrative means to ensure the effective and effective macro-control. Fourth, we must make overall plans and take all considerations. According to the requirements of the "five plans", pay more attention to the development of agriculture and rural economy, social undertakings and ecological environmental protection; pay more attention to the transformation of economic growth mode, adhere to the unity of speed, structure, quality, and efficiency, and adopt conservation The development path of resources and environmental protection. To

At the same time, in accordance with the development and changes of the current situation, further targeted control measures have been taken to strictly control the start of new projects and carefully clean up the projects under construction. Comprehensive use of various monetary policy tools to strengthen credit management and moderately control the growth of money and credit. Strictly control the scale of land use and carry out in-depth management and rectification of the land market. We will do a good job in agricultural production, especially grain production, and strengthen the regulation of the grain market. Strengthen the adjustment of economic operation, and do a good job of connecting coal, electricity, oil transportation and the supply and demand of important raw materials. Strict price supervision and regulation, and severely crack down on behaviors that disrupt market order.