The Central Economic Work Conference identified revitalizing the real economy and fostering the new momentum as an important task for economic work in 2017. The imbalance between the real economy and the virtual economy is one of the important manifestations of the "major structural imbalance" in China's economic operation, which has caused many adverse consequences that are not conducive to the healthy development of the real economy.I believe that at this year's Central Economic Work Conference, at least in the following areas, specific measures have been put forward to correct the tendency of "being diverted out of the real economy" and revitalize the real economy. If we earnestly implement these measures, we will surely revive the new momentum of China's real economy.First, we should use the market and rule of law to cut overcapacity.Second, while keeping the overall leverage ratio under control, we should give top priority to reducing corporate leverage.Third, we should increase efforts to reduce taxes, fees, and factor costs for enterprises in the real economy.Fourth, in addition to supply-side structural reform measures such as quality improvement, brand building and innovation-driven reform, the Central Economic Work Conference also proposed two direct and powerful measures to revitalize the real economy, which are a new perspective for the development of the real economy.Fifth, we should create a low-cost development environment for the real economy by curbing the real estate bubble.Sixth, we should lay an institutional foundation for the development of enterprises in the real economy by deepening the reform of state-owned enterprises and strengthening the property rights protection system.
