Data release
According to the data released by the State Administration of Taxation on December 1, in the first month of implementing the phased tax deferral policy for manufacturing small, medium and micro enterprises in the fourth quarter, that is, from November 1 to 30, the accumulated deferred taxes of manufacturing small, medium and micro enterprises amounted to 47.14 billion yuan. (State Administration of Taxation)
Comments: new situations and challenges in the current economic operation, especially the impact of rising commodity prices and rising production costs on the industrial economy, especially manufacturing enterprises. Small, medium-sized and micro enterprises are generally in the middle and lower reaches of the industrial chain. Since the first half of this year, the prices of bulk commodities and raw materials have increased significantly, the cost pressure of small, medium-sized and micro enterprises in the middle and lower reaches of the industrial chain has increased, and the production has been restrained. In addition, the frequent occurrence of sporadic epidemics around the country also puts pressure on the start-up of small, medium-sized and micro enterprises.
Manufacturing is the foundation of the real economy. Small, medium-sized and micro enterprises and individual industrial and commercial households are an important part of the main body of the market and play an important role in developing the economy, expanding employment, activating the market and improving people's livelihood. The implementation of phased tax deferment measures for small, medium-sized and micro enterprises in the manufacturing industry will help alleviate the cash pressure of small, medium-sized and micro enterprises and help enterprises to bail out, so as to stabilize employment and the economy.
Key macro dynamics
1. According to the data of China Automobile Association on the 2nd, according to the weekly reports reported by 13 key enterprises, China Automobile Industry Association calculated that the sales volume of the automobile industry in November will be 2.47 million, with a month on month increase of 5.9% and a year-on-year decrease of 10.8%. (Securities Times)
2. On December 1, the third batch of centralized land supply in Shanghai entered the third auction day, transferring 9 residential land in Pudong New Area and Lingang New Area of free trade zone, with a total starting price of about 20.636 billion yuan. Finally, all 9 plots were closed. Judging from the overall situation of transactions in the past three days, the competition between real estate enterprises is relatively fierce. At least five bidding involving residential land touch the suspension price and enter a written quotation link. Although central enterprises and state-owned enterprises are still the main force in land acquisition, small and medium-sized real estate enterprises also frequently "take the lead" (Shanghai Securities News)
Risk tips: Overseas epidemic situation exceeds the expected fluctuation risk and monetary policy change.
