Deepening the reform and opening up of the financial sector is an important element of the "14th Five-Year Plan", the "Recommendations" in the **** there are 16 references to "finance", the financial sector to make a number of deployments. China is still a bank-led financial system, in addition to continue to actively and steadily push forward the interest rate market reform, improve the efficiency of resource allocation in the financial system, the "Recommendations" clearly put forward "deepen the reform of state-owned commercial banks, support the sustained and healthy development of small and medium-sized banks and rural credit unions, reform and optimization of the policy-oriented financial". We believe that better support and service to the real economy, the development of digital currency and strengthen financial regulation will become the main theme of the development of the banking industry during the "14th Five-Year Plan".
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The new development pattern of "double-cycle" implies that domestic production, distribution, circulation, consumption and other links should be opened up, which puts forward new requirements for independent innovation and industrial upgrading. Industrial upgrading needs to match the multi-level investment and financing system, deepen the reform and opening up of the capital market, optimize the financing structure of enterprises will become an important direction for the development of the capital market during the 14th Five-Year Plan period.
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There are 15 references to "insurance" in the Recommendations***, including long-term care insurance, commercial medical insurance, agricultural insurance, catastrophe insurance, medical insurance for major illnesses, basic medical insurance, basic pension insurance, unemployment insurance, workers' compensation insurance, deposit insurance, social insurance, and the development of a public**** service platform for social insurance. insurance public **** service platform, multi-pillar pension insurance system and so on. These will undoubtedly become the next transformation of the insurance industry to high-quality development, to enhance the level of service to the community and economic development.
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In the post epidemic era, China's consumer market has shown a sustained recovery. China's economic recovery after the epidemic was mainly driven by manufacturing production, investment and exports. As China's economy continues to recover, the recovery of the consumer and service sectors will play a greater role. The Recommendations clearly state the need to "comprehensively promote consumption" and provide specific plans on how to achieve this goal. It is expected that the consumption and retail markets will grow rapidly during the 14th Five-Year Plan period, becoming the cornerstone of China's economic development.
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During the 13th Five-Year Plan period, China has eliminated and optimized some of its backward production capacity and industries through the promotion of supply-side structural reforms, and the capacity utilization rate has rebounded significantly, from a low of 73.1% in the second quarter of 2016 to a range of 76.5% to 78%. For the future development of the manufacturing industry, the Recommendations propose to "improve the modernization of the industrial chain supply chain. Keep the proportion of manufacturing industry basically stable." It can be predicted that during the "14th Five-Year Plan" period, the manufacturing power will remain the main line, on the basis of which the innovation effect of the manufacturing industry and industrial linkage will drive the high-quality development of the economy. Driven by the new infrastructure represented by 5G, industrial Internet, big data centers, etc., the manufacturing industry will certainly usher in a new round of transformation and upgrading.
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The automotive industry occupies an important position in economic and social development. In terms of industrial manufacturing, the value added of the automobile manufacturing industry accounts for about 7% of the value added of the entire industry, and the automobile industry has a long chain, a wide coverage, and many related industries, which has a very obvious role in driving the growth of the industry. As for the consumer market, automobile consumption accounts for nearly 30% of the total retail sales of consumer goods of enterprises above the quota, contributing greatly to social retail sales. The "14th Five-Year Plan" stage is a key period for China's automotive industry to realize industrial transformation and upgrading: the popularity and maturity of China's automotive consumption has increased significantly; the demand for new energy vehicles and ****-enabled travel has been gradually recognized by the market and gained a wider consumer base; and the pace of commercialization of new technologies such as autonomous driving has accelerated. The automotive industry must seize the strategic opportunity in the next five years. In the future, the trend of electrification, intelligence, Internet connectivity, and *** enjoyment of the automobile "new four" will reshape the pattern of the automotive industry.
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The global outbreak of the New Crown Epidemic has made the medical and life sciences industry the focus of attention from all walks of life, and the attention paid to early warning and prevention of infectious diseases, vaccine research and development, medical devices, and Internet healthcare has been elevated to a new level. The Recommendations on medical and life sciences industry is also very rich in content, involving health insurance coordination and reimbursement, hierarchical diagnosis and treatment, social organization of medical care, telemedicine, traditional Chinese medicine, chronic disease management and other areas, the medical and life sciences industry has a broad development prospect.
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The "Recommendations" will "adhere to innovation-driven development, comprehensively shaping the new advantages of development" as the primary task of social development, scientific and technological innovation for the first time in the five-year plan into a separate chapter.
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The real estate industry in the "proposal" contains a very rich content, first of all, the continuation of the previous "housing without speculation, according to the city policy" tone, and based on this put forward a number of new policy guidance, for example, "to promote the balanced development of finance, real estate and the real economy". and the real economy", "promoting the healthy development of housing consumption", "accelerating the development of the property and other service industries", and also "optimizing the spatial layout of the country, promoting regional coordinated development and new urbanization". The new urbanization is also a detailed expression of "optimizing the spatial layout of land, promoting regional coordination and development".
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"14th Five-Year Plan" attaches great importance to the development of new energy, the "Recommendations" related to new energy planning points were mentioned to strengthen the development of new energy, new energy automobile and other strategic new industries, accelerate the promotion of green low-carbon development, promote the safe and efficient use of energy clean low-carbon, support the conditional localities to take the lead in reaching the peak carbon emissions.
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