Macro important news and events:
The CPPCC National Committee held a special consultation meeting on “promoting the sustainable and healthy development of digital economy”. Wang Yang, chairman of the National Committee of the Chinese people’s Political Consultative Conference (CPPCC), stressed that we should dialectically view and comprehensively grasp the relationship between development and security, constantly strengthen, optimize and expand the digital economy, make it better serve and integrate into the new development pattern, and promote high-quality development. Vice Premier Liu he pointed out that we should strive to adapt to the all-round changes brought about by the digital economy, fight for key core technologies, support the sustainable and healthy development of the platform economy and the private economy, handle the relationship between the government and the market, support digital enterprises to market in the capital markets outside China, promote competition with openness and innovation with competition.
A number of industry insiders revealed that the policy of going to the countryside for cars is expected to be introduced in early June. For cars with models less than 150000 yuan (including fuel vehicles and new energy vehicles), the subsidy range for each car may be 3000 yuan to 5000 yuan. Industry experts predict that going to the countryside will promote the sales of 20 Fawer Automotive Parts Limited Company(000030) 0000 fuel vehicles and 3 Shenzhen Fountain Corporation(000005) 00000 new energy vehicles.
According to the data of the Ministry of finance, in the first four months of this year, the national general public budget revenue was 7429.3 billion yuan, an increase of 5% after deducting the tax rebate factors, and a decrease of 4.8% according to the natural caliber. The national tax revenue was 6231.9 billion yuan, an increase of 3.7% after deducting the factors of retention and tax rebate, and a decrease of 7.6% according to the natural caliber; Among them, the stamp duty on securities transactions was 125 billion yuan, a year-on-year increase of 21.9%. In the first four months, the budget revenue of national government funds was 1756.5 billion yuan, a year-on-year decrease of 27.6%; Among them, the income from the transfer of state-owned land use rights was 1501.2 billion yuan, a year-on-year decrease of 29.8%.
Xu Hongcai, Vice Minister of finance, said that the decrease in the growth of fiscal revenue in April was mainly a reflection of the strengthening of tax reduction and rebate policies by fiscal and tax departments at all levels. It was the initiative of fiscal policy to respond to the downward pressure on the economy. Through the “subtraction” of fiscal revenue, it was exchanged for the “addition” of enterprise benefits and the “multiplication” of market vitality. The fundamentals of stable and long-term improvement of China’s economy have not changed. With the effectiveness of coordinating epidemic prevention and control and economic and social development, fiscal revenue will also rise steadily. The Ministry of finance will pay close attention to planning incremental policy tools, strengthen contingent regulation, and give better play to the role of Finance in macroeconomic regulation.
From January to April, the national development and Reform Commission approved 38 fixed asset investment projects with a total investment of 533.3 billion yuan. Among them, 8 fixed asset investment projects were approved in April, with a total investment of 18.8 billion yuan, mainly in the fields of informatization, energy and so on. The national development and Reform Commission said that the amount of local government special bonds for project construction in 2022 had been issued. As of the end of April, about 1.4 trillion yuan of special bonds had been issued this year.
