【Premier’s work report】Great efforts will be made to develop green finance. At present, systematic risks are generally under control, but we should be fully alert to the buildup of risks, including risks related to non-performing assets, bond defaults, shadow banking and Internet finance.
【Interpretation】 Great importance should be attached to P2P companies, as runaway bosses and problems normally occur to these companies, which affects the biggest user group. It is supposed to build a unified and strict self-regulatory organization and an independent third-party certification agency for fund supervision and the platforms are forbidden to finance for themselves in the process of matchmaking transactions. A scientific and quantitative risk evaluation mechanism is to be set up as a reference and support for supervision policies. A ‘negative list’ mechanism is to be established, which clarifies the activities that cannot be engaged in. This move on one hand helps to create an innovative environment that ‘activities are legitimate if the law doesn’t forbid’ and on the other hand clearly defines the ‘ forbidden zones’,” said Cao Lei, director of the China E-business Research Center.
【Premier’s work report】Encourage the integrated development of physical store sales and online shopping.
【Interpretation】According to Cao Lei, as popularity of online shopping breaks the superior market advantages dominated by traditional shopping, online shopping impacts the entity- operating retailers and forces many physical stores into an operation dilemma. Confronted with crazy online shopping, more and more physical stores begin to innovate marketing channels by virtue of e- commerce, and combination of online and offline helps the physical stores to usher in a new era. Although more and more people turn into e-commerce, physical stores still have advantages that cannot be replaced by e- commerce, such as quality guarantee and safe supply of goods. Thus, as long as the physical stores face up to the impact of e-commerce and proactively develop countermeasures, a string of negative effect by e-commerce can be avoided.
【Premier’s work report】To promote application of big data, cloud computing and the Internet of Things, and use new technologies, new forms of business and new models to bring about transformation in the production, management and marketing models of traditional industries.
【Interpretation】 “With rapid development, big data has been widely used in various traditional sectors. Big data may play a very active role in the entire process of manufacturing. For instance, consumers’ preference and demand based on the big data will function on many sections along the supply side of manufacturing, including product design, R& D, production, supply chain and marketing. Apart from solving social problems, business marketing problems and technological problems, big data has a foreseeable trend-people-oriented big data guideline,” said Zhang Zhouping.
【Premier’s work report】To promote a steady increase in consumer spending, adapt to changes in consumer demand, improve policies and measures, and create a better consumer environment.
【Interpretation】According to Cao Lei, China is witnessing a new round of consumption upgrading and consumers are turning from living for survival to managing life and enjoying life. It is also a process shifting from traditional survival and material consumption to a new type consumption featuring with development and service. In this round of consumption upgrading, showy consumption is disappearing and quality consumption will see explosive growth. Brand recognition is no longer a symbol and real brand consumption begins to emerge. In future, as taste consumption promises tremendous potential and character consumption will grow rapidly, people will care more about the reflection of characters in consumption such as individuality and personal quality.