According to Xinhua News Agency on April 8, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, presided over a symposium of experts and entrepreneurs to analyze the economic situation and listen to opinions and suggestions on doing a good job in the next step of economic workImage source: China government website / center
The meeting mentioned that policies and measures should be strengthened in advance and in time. Those that have been issued should be implemented as soon as possible, and those to be launched should be made clear as early as possible. At the same time, new plans should be studied and prepared; Promote the smooth flow of international logistics in China; Promote the healthy and sustainable development of the platform economy and give full play to the leveraging role of local government special bonds.
policies and measures are clearly proposed in advance
At present, the world situation is complex and evolving. The epidemic in China has occurred frequently recently, and some unexpected factors have exceeded expectations, bringing greater uncertainty and challenges to the smooth operation of the economy. We should not only strengthen our confidence, but also face up to difficulties. We should implement the new development concept, promote high-quality development, coordinate epidemic prevention and control and economic and social development, deepen reform and opening up, take the initiative to overcome difficulties, strive to stabilize growth, and maintain economic operation within a reasonable range, mainly stabilizing employment and prices. Policies and measures should be strengthened in advance and timely. Those that have been issued should be implemented in place as soon as possible, and those to be launched should be made clear as early as possible. At the same time, new plans should be studied and prepared.
Recently, with the increase of uncertain factors in China’s external environment, experts believe that it is necessary to further strengthen macro policies.
“Under the current situation, fiscal policy and financial support play a more direct role, and structural policy can give more consideration to short-term and long-term, structure and aggregate.” Zhang Jiqiang, deputy director of Huatai Securities Co.Ltd(601688) Research Institute and chief fixed income analyst, said.
Timely strengthening of macro policies will play an important role in stabilizing the economy. According to Zhong Zhengsheng, chief economist of Ping An Securities, although the economy was still at the bottom stage in the first quarter, with the vigorous implementation of fiscal policy, the real estate regulatory policy was adjusted according to the city’s policies, marginal adjustment and monetary policy, and the economic stabilization in the second quarter was still supported.
accelerate the progress of VAT rebate
Market players are an important basis for stabilizing the basic economic market. At present, some market players, especially small, medium-sized and micro enterprises and individual industrial and commercial households, have many difficulties and great pressure. We must strive to help them tide over the difficulties. We should work together from top to bottom to speed up the progress of value-added tax retention and tax rebate, so that the funds can fall into the accounts of market entities as soon as possible. Only when employment is stable can people’s livelihood be guaranteed and steady growth be supported. We should implement the policy of stabilizing posts for small enterprises, strengthen employment services for college graduates, and support entrepreneurship to drive employment. To stabilize prices, we must grasp the key points of grain production, energy supply and smooth logistics. We should not miss the farming season, pay close attention to spring farming production, and do a good job in ensuring the supply and price stability of agricultural materials products, especially special varieties, so as to ensure a bumper grain harvest throughout the year. Further release the advanced coal production capacity, implement the policy of supporting coal power enterprises to generate more power, and ensure the stable supply of energy. Strengthen coordination, ensure the orderly operation of backbone networks such as transportation trunk lines and ports, study and take targeted measures in serving truck drivers, alleviating the difficulties of freight operators and reducing logistics costs, so as to promote the smooth flow of international and Chinese logistics and maintain the stability of industrial chain and supply chain.
The meeting mentioned to speed up the progress of value-added tax rebate. Industry insiders believe that the previous announcement of the Ministry of Finance and the State Administration of Taxation on Further Strengthening the implementation of the tax rebate policy of value-added tax at the end of the period, which specifies that enterprises of different sizes may arrange stock tax rebates in batches, which may speed up the progress. The original arrangement was to return the stock tax credits of micro, small, medium and large enterprises before April 30, June 30, September 30 and December 31 respectively.
In addition, in terms of grain production, the Ministry of Finance previously announced that in order to ensure the stable yield of winter wheat and the bumper harvest of summer grain, the central government has arranged a total subsidy fund of 5 billion yuan for the promotion of strong and stable yield of summer grain wheat.
promote the healthy and sustainable development of platform economy
We should deepen reform and create a market-oriented, legal and international business environment. We will continue to promote the reform of “release, management and service”, further release what can be released, and conduct transparent supervision according to law, so as to continuously stimulate the vitality of market subjects. Formulate and implement policies, treat all kinds of enterprises equally, carefully listen to the opinions of market subjects, and stabilize market expectations. Promote the healthy and sustainable development of the platform economy, stabilize and promote employment. We should use reform measures and innovative methods to promote the expansion of consumption and effective investment. For retail, catering, tourism and other industries closely related to consumption, we should further strengthen the rescue efforts. We should study the corresponding financial support policies for consumers who consume durable consumer goods and have difficulty in repaying loans affected by the epidemic. Optimize investment approval and speed up project construction progress. Give play to the leveraging role of local government special bonds and other special bonds to drive more private investment. We should open wider to the outside world at a high level, do a good job in stabilizing foreign trade and foreign investment, maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, and effectively deal with the uncertainty of the external environment.
With regard to the governance of platform economy, the Finance Committee of the State Council held a meeting earlier and pointed out that relevant departments should improve the established plan in accordance with the principles of marketization, legalization and internationalization, adhere to seeking progress while maintaining stability, steadily promote and complete the rectification of large platform companies as soon as possible through standardized, transparent and predictable supervision, and set up red lights and green lights to promote the steady and healthy development of platform economy and improve international competitiveness.
Wang Jingwen, director of the macro research center of China China Minsheng Banking Corp.Ltd(600016) Research Institute, said that the relevant statements are conducive to stabilizing the confidence and expectations of platform enterprises and giving play to the positive role of platform economy in optimizing resource allocation, promoting scientific and technological progress, facilitating people’s lives and participating in international cooperation and competition. Overall, it is good for platform enterprises.
In addition, the notice on further strengthening financial support for the development of small and micro enterprises in 2022 issued by the China Banking and Insurance Regulatory Commission (CIRC) recently proposed that banking financial institutions should do a good job in the continuous conversion of the extension of principal and interest repayment policy. It is reported that recently, banks have begun to provide corresponding financial support to consumers with loan repayment difficulties. For example, China Everbright Bank Company Limited Co.Ltd(601818) recently provided necessary support for deferred repayment of principal and interest for customers who temporarily lost their source of income and were unable to repay due to the epidemic, of which the grace period can be up to three months at a time and is not included in the customer’s credit investigation default record.
