Critical moment,

A big meeting.

Yesterday afternoon, a conference was held that went directly to all districts and counties in the country, and it was very heavy.

This meeting is called "National Video Conference on Stabilizing Economic Market", and all the main leaders of the State Council participated. Premier Li Keqiang delivered an important speech, and the participants covered the main leaders from the central government to the local governments (provinces, cities and counties).

Such attention and scale are rare since the reform.

A rare opportunity corresponds to a rare economic situation, which is too difficult now.

Macroeconomic data need not be expressed in words. Look at the following three pictures:

Year-on-year growth rate of social retail sales:

Year-on-year growth rate of industrial added value:

Year-on-year growth rate of commercial housing sales:

The bleak economic data, involving specific individuals, is even more sad.

"Employment is too difficult! My little girl took an examination of kindergarten teachers, recruited 20 people, and nearly 10,000 people signed up. "

To tell the truth, although kindergarten teachers are prepared, no matter from what angle, they are not a job with much gold.

But the reality is that the admission rate is only two thousandths. What else can we say?

It can only be said that it is too difficult to find a job now, and it can only be said that it is really not easy for young people nowadays.

For another example, a friend of Hangzhou who is engaged in foreign trade manufacturing and exporting had a phone call with me the day before yesterday:

"Last year, we basically had a business of 2 million last month. At the beginning of this year, we barely had a monthly business of 800,000. However, there may be only 300,000 business this month, and we are beginning to enter a loss-making mode ... If the business can't pick up, we can only lay off employees ... "

After listening to this, I was speechless.

Sadness is not in yourself, and comfort is futile. Sometimes, well-meaning comfort can even affect others' decisions.

I remember, I finally gave him two suggestions: 1, if a colleague resigns, don't recruit people for the time being and merge positions; 2. In view of the declining export demand in Europe and America, try to develop TOC products for China.

These two cases should be the sad epitome of millions of families and at least millions of small and medium-sized enterprises this year.

One sad microcosm after another comes together, that is, the economic difficulties that China is currently facing.

Yesterday afternoon, a heavy meeting with the theme of "stabilizing the economic market" was held urgently in this context.

The situation is urgent, and the economic defense war must start.

This rare heavyweight meeting made the following points clear:

1, development is the basis and key to solve all problems in China.

This is a clear tone.

Make it clear that development is the top priority, go all out to stabilize the basic economic disk and go all out to develop the economy.

2. Protect market players, protect employment and people's livelihood, and protect economic resilience.

Mining key points, three guarantees, market players ranked first.

The reason is simple: how to create jobs without market players.

This is also the reason why I have repeatedly called on the public opinion field not to discriminate against capital (entrepreneurs) recently. It's really too difficult for enterprises now. It is already very good for companies that can persist in not laying off employees.

3. Ensure the reasonable economic growth in the second quarter, reduce the unemployment rate as soon as possible, and issue detailed implementation rules before the end of May to stabilize the economy.

This is about implementation and progress.

Ten thousand slogans are not worth one action.

This shows that this important meeting is to be grasped to the end, especially that "the implementation rules must be promulgated before the end of May", and the calculation is only a few days.

As for more specific issues, such as increasing the issuance of special bonds, giving incentives to residents' consumption, reducing the enterprise value-added tax rate, and taking the employment rate as the assessment index, these will not be elaborated in detail.

To be honest, this big conference really moved me.

In the face of rare economic difficulties, we resolutely launched an economic defense war.

And the shot is fast enough and the punch is heavy enough.

Therefore, at the critical moment, we must have confidence in China's economic stability.

So, next, there will be one specific policy after another to stabilize China's economy at all costs.

All these are undoubtedly reflected in the financial market.

At all costs, even if the fiscal deficit is enlarged and the currency exchange rate is lowered (this is my personal understanding), we must stabilize the economic market.

And asset prices, especially the stock market, will also usher in a solid bottom after a series of policy punches, and then steadily rise.

Therefore, every individual, after the start of the economic defense war, should be on the same frequency as the policy.

Now, the comfort zone of entrepreneurs is gone, so we should find another way to develop, upgrade our products and turn to export (such as Asia, Africa and Latin America).

Now, the comfort zone of ordinary people is gone, so we should improve our personal skills and broaden our cognitive horizons so as not to be eliminated in the future.

As for personal investment, after the economic defense war is fully launched, only by embracing core assets can money be valuable and it is possible to preserve and increase its value.

In the history of global economy, every economic defense war will usher in a new stage of development.

In the history of global economy, every economic defense war is currency appreciation.