大变革是我们的迫切需求吗

大变革是我们的迫切需求吗 历经三十年的繁华与落寞～中国经济正处于一场大变革的前夜。现在的中国经济就仿佛一座漂浮在汪洋中的冰山～过去三十年积聚的顽疾看上去依旧牢不可破～但在冰山深处裂纹已经开始慢慢扩散。 2014年～将听到“冰山”碎裂的声音:改革破冰～风险释放。经济稳中趋缓～外部QE退出～货币信用双紧～债务产能双控。我们坚持认为～转型无牛市～改革杀估值～估值有分化～局部有泡沫。投资者必须踏准节奏～防范风险～危中寻机～于政策主题里找逻辑～在“安”与“转”中抓机会。 风险展望:内外部裂纹加剧冰山之险 2014年需要重点关注内外风险的交织。内部来看～流动性的持续偏紧和利率整体抬升有可能刺破局部地区,三、四线城市,房地产泡沫～并引发地方政府债务风险和信托风险,外部来看～美联储QE靴子落地～加速金融危机第三波爆发的风险。 2013年6月份的银行体系“钱荒”之后～国内资金利率整体抬升～银行体系资金面持续维持偏紧的状态。根据利率平价理论～国内利率水平等于国际利率水平与本币升值预期之差。国际利率水平方面～自5月初以来～美国10年期国债利率已经提高114个BP。另一方面～储蓄率与投资率缺口的缩窄导致经常项目practice activities implementation programme, and XX town party leadership party of mass line education practice activities rectification programme, and XX town carried out four wind aspects highlight problem special regulation implementation programme and XX town system construction plans,. One is to pay special attention to education. A party Lecture with 71 for all party members and cadres education, organizations watch anti-corruption warning education propaganda, promoting seven special and 9+1+X problems of rectification, Enhance the awareness of all the party members and cadres and the sense, honesty in politics and corruption of immunity. Second, well check the urge. Efforts to increase the annual implementation of the supervision to ensure completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal and County requirements. All party members and cadres and workers to improve the style of work of the Organization, and strive to improve the level of services and service for the masses. Four are in strict accordance with the Central eight regulations and requirements set out in provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activities and entertainment, such as during the holiday season. Five is the renovation of office space. In accordance with the requirements for Office space over standard treatment. Town check the swing team issue 12, make the action 35, carefully check the system, develop and improve the system 8. (D) three 差额占GDP之比大幅下降～并造成人民币升值预期的逆转。未来半年内国际利率上升、国内储蓄率下降、投资率居高不下的现状估计难以改变～资金面偏紧的状况仍将持续～国内利率水平总体仍将维持高位运行。 国内利率水平的整体抬升有可能导致房地产风险、地方债务风险、信托风险、小型金融机构流动性风险的爆发～需要引起足够的重视。 首先～利率抬升可能刺破局部地区,三四线城市,房地产泡沫。随着银行体系资金面的持续偏紧～银行资金利率的上行传导至房贷利率上升～房地产市场面临调整风险。 其次～利率抬升和房地产风险引发地方债务风险。一方面～银行体系资金利率和国债利率的抬升将导致地方融资平台的融资成本提高～从而加大地方政府债务风险,另一方面～房地产市场调整导致地方政府现金流受到冲击～加大地方政府债务偿付压力。 第三～信托违约可能是地方债务风险爆发的具体形式。由于债券市场牵一发而动全身～一旦城投债出现违约风险～地方政府一定会全力应对～避免违约,地方融资平台贷款也面临违约的风险～但是银行可以通过展期的方式～将违约风险隐性化,相比之下～地方债务风险最有可能在信托领域爆发。 第四～需要防范小型金融机构的流动性风险。如果房价下跌～ e system 8. (D) threeTown check the swing team issue 12, make the action 35, carefully check the system, develop and improve th standard treatment. during the holiday season. Five is the renovation of office space. In accordance with the requirements for Office space over uch asn provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activities and entertainment, svices and service for the masses. Four are in strict accordance with the Central eight regulations and requirements set out iser All party members and cadres and workers to improve the style of work of the Organization, and strive to improve the level of completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal and County requirements. ensureand corruption of immunity. Second, well check the urge. Efforts to increase the annual implementation of the supervision to +1+X problems of rectification, Enhance the awareness of all the party members and cadres and the sense, honesty in politics corruption warning education propaganda, promoting seven special and 9-party members and cadres education, organizations watch antigramme and XX town system construction plans,. One is to pay special attention to education. A party Lecture with 71 for all ectification programme, and XX town carried out four wind aspects highlight problem special regulation implementation propractice activities implementation programme, and XX town party leadership party of mass line education practice activities r2 资产缩水～拒还房贷者增加～处臵不得当可能会引起恐慌～一些小型金融机构会因为流动性风险面临挤兑、倒闭的状况。 从外部来看～美联储QE退出仍是最大的风险。随着美联储宽松政策的逐步减速～极度宽松的全球流动性环境将逐步转向～从资本渠道和贸易渠道对新兴市场产生冲击。从资本渠道来看～一旦美联储货币政策转向～过去多年来资本流入新兴经济体的现象很容易演变成大规模的资本外逃～触发新兴经济体的金融风险。从贸易渠道来看～主要是经常账户恶化风险。近年来～新兴市场国家的经常账户顺差逐步收窄～甚至转为逆差～加剧了货币贬值和经济减速的压力。 改革展望:以改革和转型融解冰山之困 改革是中国发展的最大红利～过去是～现在是～将来也是。短期来看～具体的改革将沿着以下几条主线加速落地。 ,一,简政放权、放松管制～释放制度活力 以简政放权为核心推进行政管理体制改革。全会将“推进国家治理体系和治理能力现代化”列入改革总目标。所谓治理体系和治理能力～其中就包括政府的行政管理体制～这是整个市场化改革的基础～也是新政府上任以来最重视的改革。 以资源要素价格改革为切入点～加快民资进入垄断性行业的上下游产业链。三中全会要求～推进水、石油、天然气、电力、交通、电信等领域价格改革～放开竞争性环节价格。市场化定价 develop and improve the system 8. (D) three Town check the swing team issue 12, make the action 35, carefully check the system, for Office space over standard treatment. entertainment, such as during the holiday season. Five is the renovation of office space. In accordance with the requirements s andrequirements set out in provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activitie mprove the level of services and service for the masses. Four are in strict accordance with the Central eight regulations ande to iand County requirements. All party members and cadres and workers to improve the style of work of the Organization, and strive supervision to ensure completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal of th e, honesty in politics and corruption of immunity. Second, well check the urge. Efforts to increase the annual implementationing seven special and 9+1+X problems of rectification, Enhance the awareness of all the party members and cadres and the senscorruption warning education propaganda, promot-ecture with 71 for all party members and cadres education, organizations watch antition implementation programme and XX town system construction plans,. One is to pay special attention to education. A party Lectification programme, and XX town carried out four wind aspects highlight problem special regulapractice activities implementation programme, and XX town party leadership party of mass line education practice activities r3 模式将会加快民资进入利润空间较大的产业链上下游～倒逼垄断性行业改革。 ,二,加快国资国企改革和民间投资准入～释放企业活力 加快国资国企改革～释放国企活力。国有资产监管体制从“管人管事管资产”到“管资本为主”～中央企业经营将趋向市场化。三中全会《决定》提到～将完善国有资产管理体制～以管资本为主加强国有资产监管～改革国有资本授权经营体制～组建若干国有资本运营公司～支持有条件的国有企业改组为国有资本投资公司。下一步将组建国有资本运营公司～推动集团去壳化与产业并购整合。央企上市公司将彻底甩掉历史包袱～淡化国企色彩～实施职业经理人选聘制度～业绩明显改善～效率大幅提升。 放宽民间投资准入、打破国企垄断～释放民企活力。金融、教育、文化、医疗等服务业领域有序开放～放开育幼养老、建筑设计、会计审计、商贸物流、电子商务等服务业领域外资准入限制。允许社会资本参与对外出版、网络出版～允许以控股形式参与国有影视制作机构、文艺院团改制经营。鼓励和引导工商资本到农村发展适合企业化经营的现代种养业～鼓励社会资本投向农村建设～允许企业和社会组织在农村兴办各类事业。允许社会资本通过特许经营等方式参与城市基础设施投资和运营。 ,三,加快财税体制改革～释放行政活力 财税改革首次作为次序靠前的独立部署～明确其作为 e system 8. (D) threeTown check the swing team issue 12, make the action 35, carefully check the system, develop and improve th standard treatment. during the holiday season. Five is the renovation of office space. In accordance with the requirements for Office space over uch asn provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activities and entertainment, svices and service for the masses. Four are in strict accordance with the Central eight regulations and requirements set out iser All party members and cadres and workers to improve the style of work of the Organization, and strive to improve the level of completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal and County requirements. ensureand corruption of immunity. Second, well check the urge. Efforts to increase the annual implementation of the supervision to +1+X problems of rectification, Enhance the awareness of all the party members and cadres and the sense, honesty in politics corruption warning education propaganda, promoting seven special and 9-party members and cadres education, organizations watch antigramme and XX town system construction plans,. One is to pay special attention to education. A party Lecture with 71 for all ectification programme, and XX town carried out four wind aspects highlight problem special regulation implementation propractice activities implementation programme, and XX town party leadership party of mass line education practice activities r4 “优化资源配臵”制度保障的战略地位。值得关注的是明确提出建立“事权和支出责任相适应的制度”～过去是“财力和事权相适应”。预计下一步中央将进一步上收事权～同时承担更多支出责任～使事权和支出责任相适应。 ,四,加快人口政策调整和城乡管理体制改革～释放劳动力活力 人口政策方面～本次全会宣布启动实施“单独两孩”政策～以缓解人口老龄化压力～稳定劳动力供给。破解城乡二元结构也有大动作。逐步放开户籍管理体制的束缚～使农民可以在城镇化的过程中平等享受城市居民所享受的公共服务。中央城镇化工作会议之后～户籍率先在建制镇和中小城市放开。 ,五,加快对外开放体制改革～释放外部活力 通过对外开放体制改革释放外部活力。面对“经济全球化新形势”～对外开放体制改革既有紧迫性又有可行性。中国过去三十年尤其是过去十年受益最大的是开放～未来十年开放仍是中国不可放弃的增长点。只不过～开放的思路要发生变化。 ,六,加快土地制度改革～释放土地活力 现在按照土地管理法第43条～农村集体建设用地必须经过国家征用才能入市。这次全会首次提出“赋予农民更多财产权利～推进城乡要素平等交换和公共资源均衡配臵”～其核心一方面是“赋权”,另一方面是“平等交换”～“同地同权”～这意味着“建 develop and improve the system 8. (D) three Town check the swing team issue 12, make the action 35, carefully check the system, for Office space over standard treatment. entertainment, such as during the holiday season. Five is the renovation of office space. In accordance with the requirements s andrequirements set out in provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activitie mprove the level of services and service for the masses. Four are in strict accordance with the Central eight regulations ande to iand County requirements. All party members and cadres and workers to improve the style of work of the Organization, and strive supervision to ensure completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal of th e, honesty in politics and corruption of immunity. Second, well check the urge. Efforts to increase the annual implementationing seven special and 9+1+X problems of rectification, Enhance the awareness of all the party members and cadres and the senscorruption warning education propaganda, promot-ecture with 71 for all party members and cadres education, organizations watch antition implementation programme and XX town system construction plans,. One is to pay special attention to education. A party Lectification programme, and XX town carried out four wind aspects highlight problem special regulapractice activities implementation programme, and XX town party leadership party of mass line education practice activities r5 立城乡统一的建设用地市场”。与十七届三中全会相比～这次的表述把“逐步建立”改为“建立”～后续允许农村集体建设用地直接入市的步伐可能会加快。 ,七,加快金融改革～释放资本活力 十八届三中全会《决定》虽然没有单列金融改革～但在“完善金融市场体系”部分中实际上已经确定了未来金融改革的重点:一是“完善人民币汇率市场化形成机制～加快推进利率市场化”。二是“健全反映市场供求关系的国债收益率曲线”～实际是加大力度丰富债券市场层次～提高直接融资比例。三是“推动资本市场双向开放～有序提高跨境资本和金融交易可兑换程度”～“加快实现人民币资本项目可兑换”～实际是有效发挥外部资本的杠杆作用～释放内外资本活力。 经济展望:先下后稳～预计全年增长7.5% 2014年～“三驾马车”总体格局将是:投资略下～出口略升～消费上升。预测2014年GDP增长7.5%左右～节奏可能是先下后稳。 从今年四季度到明年上半年～出于银行去杠杆和工业去产能考虑～货币政策和流动性总体偏紧～投资增速将呈现温和回落态势。明年下半年～随着货币政策有所放松～投资增速将趋稳。预测2014年投资增长19%。 从世界经济的走势来看～预计2014年名义出口增长7.5%左 n provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activities and entertainment, svices and service for the masses. Four are in strict accordance with the Central eight regulations and requirements set out iser All party members and cadres and workers to improve the style of work of the Organization, and strive to improve the level of completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal and County requirements. ensureand corruption of immunity. Second, well check the urge. Efforts to increase the annual implementation of the supervision to +1+X problems of rectification, Enhance the awareness of all the party members and cadres and the sense, honesty in politics corruption warning education propaganda, promoting seven special and 9-party members and cadres education, organizations watch antigramme and XX town system construction plans,. One is to pay special attention to education. A party Lecture with 71 for all ectification programme, and XX town carried out four wind aspects highlight problem special regulation implementation propractice activities implementation programme, and XX town party leadership party of mass line education practice activities re system 8. (D) threeTown check the swing team issue 12, make the action 35, carefully check the system, develop and improve th standard treatment. during the holiday season. Five is the renovation of office space. In accordance with the requirements for Office space over uch as6 右～略低于今年1-11月的8.3%～如果剔除今年虚增成分～预计明年实际出口增长8.5%左右～略高于今年。 我们预测2014年社会消费品零售总额增长13.5%～比2013年约高0.5个百分点。从消费的特点来看～高收入和中等收入人群数量增加～消费结构由生存型向发展型、享受型转变～高层次消费潜能渐渐释放,民众居住、出行、旅游、文化、健康等消费的潜力～形成对教育、体育、卫生、公共安全等公共服务消费的需求。 综合上述考虑～我们预测2014年GDP增长7.5%～比2013年低约0.2个百分～四个季度分别增长7.7%、7.6%、7.4%和7.4%。 总体来看～2014年全球经济增长将高于2013年。预测2014年世界经济增长3.5%～比2013年高0.6个百分点。从三大经济体来看～2014年美国财政紧缩造成的边际影响将趋于减弱～美国经济增速将高于2013年～实现2.5%左右的增速。欧央行的宽松政策可能会成为支撑欧洲经济复苏的新动力。2014年～日本经济复苏难以持续～预计经济增速将逐步趋缓～实现1.5%左右的增长。 四、通胀展望:城镇化和改革推升物价～但流动性偏紧抑制通胀走高 快速城镇化过程中～土地、劳动力等要素价格～农产品和服务类价格都存在上涨压力,能源资源价格改革也会导致一定的价 develop and improve the system 8. (D) three Town check the swing team issue 12, make the action 35, carefully check the system, for Office space over standard treatment. entertainment, such as during the holiday season. Five is the renovation of office space. In accordance with the requirements s andrequirements set out in provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activitie mprove the level of services and service for the masses. Four are in strict accordance with the Central eight regulations ande to iand County requirements. All party members and cadres and workers to improve the style of work of the Organization, and strive supervision to ensure completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal of th e, honesty in politics and corruption of immunity. Second, well check the urge. Efforts to increase the annual implementationing seven special and 9+1+X problems of rectification, Enhance the awareness of all the party members and cadres and the senscorruption warning education propaganda, promot-ecture with 71 for all party members and cadres education, organizations watch antition implementation programme and XX town system construction plans,. One is to pay special attention to education. A party Lectification programme, and XX town carried out four wind aspects highlight problem special regulapractice activities implementation programme, and XX town party leadership party of mass line education practice activities r7 格上涨压力。但是～流动性持续偏紧抑制通胀上行～预计2014年通胀率2.8%～略高于2013年。 城镇化推动农产品价格上涨。随着城镇化加速～特别是2011年城镇化率首超50%前后～城镇化快速发展对农村,土地,、农业,农产品,和农民,劳动力,的需求持续增加～“三农”供养比加速上升～“三农”产品供给压力持续增加～供求平衡关系越来越紧～农产品价格面临持续上涨压力～这是目前和未来一段时期食品价格上涨的重要原因。 劳动年龄人口净减少～以及经济仍然保持中速增长使结构性用工荒不断上演～低端劳动力工资上升很快～服务价格水涨船高。根据国家统计局的监测～2012年以来～中国外出务工劳动力月均收入同比增长均在11.8%以上～2013年前三个季度分别增长12.1%、12.6%和13.0%。随着劳动年龄人口持续净减少和经济持续发展～用工荒还会加重～未来低端劳动力工资增长速度可能还会加快～服务价格上涨压力不减。 受以上因素影响～2014年居民消费价格会保持一定的上涨～但受到流动性持续偏紧的影响～也不像人们所担忧的那样涨幅较高。预计2014年全年CPI上涨2.8,。 五、政策展望:货币信用双紧～债务产能双控～产业“安”“转”相济 2014年继续实行积极的财政政策。重点关注四个方面的内 during the holiday season. Five is the renovation of office space. In accordance with the requirements for Office space over uch asn provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activities and entertainment, svices and service for the masses. Four are in strict accordance with the Central eight regulations and requirements set out iser All party members and cadres and workers to improve the style of work of the Organization, and strive to improve the level of completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal and County requirements. ensureand corruption of immunity. Second, well check the urge. Efforts to increase the annual implementation of the supervision to +1+X problems of rectification, Enhance the awareness of all the party members and cadres and the sense, honesty in politics corruption warning education propaganda, promoting seven special and 9-party members and cadres education, organizations watch antigramme and XX town system construction plans,. One is to pay special attention to education. A party Lecture with 71 for all ectification programme, and XX town carried out four wind aspects highlight problem special regulation implementation propractice activities implementation programme, and XX town party leadership party of mass line education practice activities re system 8. (D) threeTown check the swing team issue 12, make the action 35, carefully check the system, develop and improve th standard treatment. 8 容:一是适当增加财政赤字和国债规模。2013年安排财政赤字1.2万亿元～比2012年预算增加4000亿元～赤字率约2.1%。我们认为～2014年可能安排财政赤字1.6万亿元～比2013年增加4000亿元～赤字率约2.5%～仍然在3%的国际警戒线水平之内。二是推进增值税、消费税、环境税改革～完善税收制度。三是建立事权和支出责任相适应的制度。四是继续加强地方政府性债务管理。 在稳健的货币政策基调之下～2014年将继续出现货币信用双紧的局面。出于稳定物价的考虑～2014年继续实施稳健的货币政策。从控制货币供应量增速和扩大直接融资比例角度来看～预计2014年贷款余额增长13.2%～增速进一步降低。由此推算～预计2014年金融机构新增人民币贷款9.5万亿元。预计2014年广义货币供应量M2增长13%。从广义信用的角度来看～监管部门将继续加大对银行同业业务的监管～导致广义信用继续偏紧。 2014年～将是“文武并举、张弛兼备、安转相济”的一年～映射到产业政策上表现为“安”与“转”两大关键词。 “安全”是固本培元之策～产业方向主要集中在五大方面:第一～国家安全。国家安全体系是国家治理体系的重要组成部分～是治理能力现代化的表现形式。军工是最明显受益的产业。第二～生态安全。“六位一体”强调生态环境保护～当前全国性雾霾严重～倒逼产业结构调整～增加环保需求。第三～食品安全。12 for Office space over standard treatment. entertainment, such as during the holiday season. Five is the renovation of office space. In accordance with the requirements s andrequirements set out in provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activitie mprove the level of services and service for the masses. Four are in strict accordance with the Central eight regulations ande to iand County requirements. All party members and cadres and workers to improve the style of work of the Organization, and strive supervision to ensure completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal of th e, honesty in politics and corruption of immunity. Second, well check the urge. Efforts to increase the annual implementationing seven special and 9+1+X problems of rectification, Enhance the awareness of all the party members and cadres and the senscorruption warning education propaganda, promot-ecture with 71 for all party members and cadres education, organizations watch antition implementation programme and XX town system construction plans,. One is to pay special attention to education. A party Lectification programme, and XX town carried out four wind aspects highlight problem special regulapractice activities implementation programme, and XX town party leadership party of mass line education practice activities rdevelop and improve the system 8. (D) three Town check the swing team issue 12, make the action 35, carefully check the system,9 月3日政治局会议支持发展生态友好型农业。生态农业强调～物质在农业生态系统内部的循环利用和多次重复利用～生产发展、能源再利用、生态环境保护、经济效益等相统一的农产品生产企业将获得政策支持。第四～生活安全。中央重视平安中国建设～提出“按照科技引领、信息支撑的思路～着力实现平安建设信息资源的共享共用”～加快推动安防信息化。第五～信息安全。“棱镜门事件”引发国内信息完全隐忧。目前～国内信息安全产业的技术自主创新、行业标准和产品均处于低级起步阶段～未来基础网络建设和信息安全技术等领域重视程度明显提升。 “转型”是迫在眉睫之路～具体要从三大方面深化转型:第一～产业转化。治理过剩产能将会导致部分传统重工业供给端的收缩～加快周转。第二～出口转移。三中全会明确提出～推进丝绸之路经济带、海上丝绸之路建设。第三～生活转变。民资进入将推动医疗卫生、教育、文化等等公共服务相关产业的繁荣。 ,注:本文仅代表作者观点, 本文责任编辑 徐瑾 jin.xu@ftchinese.com 十大热门文章TOP5 1、媒体札记:大老虎 2、中国式分权的代价 3、中日岛争升至战略博弈 4、2013年亚洲六大事件 n provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activities and entertainment, svices and service for the masses. Four are in strict accordance with the Central eight regulations and requirements set out iser All party members and cadres and workers to improve the style of work of the Organization, and strive to improve the level of completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal and County requirements. ensureand corruption of immunity. Second, well check the urge. Efforts to increase the annual implementation of the supervision to +1+X problems of rectification, Enhance the awareness of all the party members and cadres and the sense, honesty in politics corruption warning education propaganda, promoting seven special and 9-party members and cadres education, organizations watch antigramme and XX town system construction plans,. One is to pay special attention to education. A party Lecture with 71 for all ectification programme, and XX town carried out four wind aspects highlight problem special regulation implementation propractice activities implementation programme, and XX town party leadership party of mass line education practice activities re system 8. (D) threeTown check the swing team issue 12, make the action 35, carefully check the system, develop and improve th standard treatment. during the holiday season. Five is the renovation of office space. In accordance with the requirements for Office space over uch as10 5、当代中国的真实变化 您可能感兴趣的文章: 1、媒体札记:2013～舆论与领袖 2、2013年全球五大事件 3、中国的创造力正在提升 4、中国在美国后院展开金钱外交 5、中国地方政府债务3年增70% develop and improve the system 8. (D) three Town check the swing team issue 12, make the action 35, carefully check the system, for Office space over standard treatment. entertainment, such as during the holiday season. Five is the renovation of office space. In accordance with the requirements s andrequirements set out in provincial, city and County of ten, resolutely eliminate and prevent expensive recreational activitie mprove the level of services and service for the masses. Four are in strict accordance with the Central eight regulations ande to iand County requirements. All party members and cadres and workers to improve the style of work of the Organization, and strive supervision to ensure completion of the various tasks. Third, conscientiously implement the Central, provincial, municipal of th e, honesty in politics and corruption of immunity. Second, well check the urge. Efforts to increase the annual implementationing seven special and 9+1+X problems of rectification, Enhance the awareness of all the party members and cadres and the senscorruption warning education propaganda, promot-ecture with 71 for all party members and cadres education, organizations watch antition implementation programme and XX town system construction plans,. One is to pay special attention to education. A party Lectification programme, and XX town carried out four wind aspects highlight problem special regulapractice activities implementation programme, and XX town party leadership party of mass line education practice activities r11