In other words, if China can hit its employment goal with 7.5% GDP growth, there is no reason for its policymakers to panic and roll out the heavy counter-cyclical artillery. That, in fact, was pretty much the message conveyed by a broad cross-section of senior officials at this year’s CDF: Slowdown, yes; major policy response, no.
去年是很好的例子。2013年伊始，政府宣布了创造一千万个城市就业岗位的目标值。事实上，中国经济增加了1,310万工人——尽管GDP“只”扩张了7.1%。换句话说，如果中国可以在GDP增长率为7.5%的情况下实现就业目标，决策者就不必担心和祭出重型反周期武器。事实上，在今年的中国发展论坛上，许多部门的高级官员都传递了这一信号：减速，有；重大政策应对，没有。