Looking at Chinas economic trend from the implementation report of the planned budget

category:Finance
 Looking at Chinas economic trend from the implementation report of the planned budget


This year, novel coronavirus pneumonia has been seriously impacted. China has put the peoples life safety and health in the first place, strengthened the macro policy response, and made a solid job of six stability, fully implemented the six guarantees task, and made overall achievements in the prevention and control of epidemic situation and the economic and social development.

In the second quarter, GDP increased by 3.2% year-on-year, 10 percentage points higher than that in the first quarter; foreign exchange reserves remained at more than 3 trillion US dollars; 5.64 million new urban jobs were created in the first half of the year

In the first half of the year, Chinas economy first fell and then rose. Since the second quarter, economic operation has improved month by month, and positive factors have increased significantly. He Lifeng said.

Adhere to a comprehensive, dialectical and long-term view of the current difficulties, risks and challenges. He Lifeng said that we should not only maintain strategic determination and firm confidence in development, but also firmly establish a sense of bottom line, adhere to the principle of seeking progress in stability, take the initiative to solve the problems in my own hands, and flexibly respond to the challenges of being controlled by others.

Liu Kun said that since the beginning of this year, the budget implementation has been in line with expectations, and the proactive fiscal policy has been more active and promising. It has really played a key role in stabilizing the economy and effectively safeguarded the overall situation of economic development and social stability.

The completion of the plan is generally in line with expectations. He Lifeng said that peoples livelihood security indicators are progressing smoothly, environmental protection indicators are well completed, and qualitative indicators such as residents income and total retail sales of consumer goods can be basically achieved through efforts.

Consolidate the momentum of sustained recovery

How to act actively and flexibly? A series of arrangements have made Chinas economic development more certain.

Prevention and control of epidemic situationu2014u2014

We will earnestly implement the prevention and control strategy of external prevention input and internal anti rebound, constantly improve and optimize the normalized epidemic prevention and control mechanism, and do a good job in epidemic prevention and control in key areas, and make early plans for epidemic prevention and control in autumn and winter

Persistently implement various macro policiesu2014u2014

We will implement a more active and promising fiscal policy, reduce taxes, fees and interests for enterprises on a larger scale, and promote the implementation of funds such as special anti epidemic bonds and special bonds of local governments into specific projects as soon as possible;

We should implement a more flexible and moderate monetary policy, comprehensively use monetary policy tools such as reducing reserve requirements and interest rates, and open market operations, so as to maintain reasonable and sufficient liquidity and significantly reduce loan costs;

We should comprehensively strengthen the employment priority policy, promote employment through mass entrepreneurship and innovation, accelerate the implementation of work relief programs, and expand the recruitment scale of central grass-roots service projects for college graduates;

We should strengthen overall planning and coordination of macro policies, and promote the formation of joint forces between fiscal, monetary, employment policies and consumption, investment, industry and regional policies

Reduce the production and operation costs of enterprises, increase the medium and long-term loans of manufacturing industry, guide and help enterprises upgrade and transform

Win the battle of poverty alleviationu2014u2014

Focus on key areas and weak links to overcome difficulties, ensure the realization of the goals of poverty alleviation; work out the 14th five year plan to consolidate the achievements of poverty alleviation; and solidly promote the strategy of Rural Revitalization

Fiscal policy should be more active and effective. Liu Kun said that we should pay close attention to the implementation of various policies and measures, reduce the taxes that should be reduced and the fees that should be reduced in place, so that enterprises can enjoy the policy dividend.

Strive to complete the annual targets and tasks

Deepen and refine measures to expand domestic demandu2014u2014

Effectively maintain the stability of industrial chain supply chain and food and energy securityu2014u2014

We will improve the stable supply level of important raw materials, key components, core components and key software, actively promote scientific and technological innovation and the promotion and application of achievements, firmly grasp grain production, and continuously promote the construction of coal, electricity, oil and gas production, supply, storage and marketing system

Promote high-quality development with high standard market and high-level opening up -- continuously deepen the reform of release, management and service, reform and improve the factor guarantee mechanism, issue a three-year action plan for the reform of state-owned enterprises, deepen the reform of finance, taxation and finance, resolutely guard against risks, and strive to stabilize the basic market of foreign trade and foreign investment Liu Kun said that we should speed up the reform of the fiscal and taxation system, push forward the reform of the fiscal responsibilities and responsibilities of the provincial governments below the provincial level, and implement the reform plan of the central and local incomes division after the implementation of a larger scale of tax reduction and cost reduction. We will firmly implement the governments requirements for a tight life, spend money on cutting edge, and give full support to the market players in ensuring employment, livelihood and peoples livelihood. The challenge is huge and the task is heavy. He Lifeng stressed that it is necessary to further mobilize and give full play to the subjective initiative of local governments and strive to complete the annual targets and tasks. Source: Xinhuanet. Author: an Bei, Shen Cheng, editor in charge: Wang Xiaowu_ NF

Promote high quality development with high standard market and high level openingu2014u2014

We will continue to deepen the reform of release, control and service, reform and improve the factor guarantee mechanism, issue a three-year action plan for the reform of state-owned enterprises, deepen the reform of finance, taxation and finance, resolutely guard against risks, and strive to stabilize the basic market of foreign trade and foreign investment

Liu Kun said that we should speed up the reform of the fiscal and taxation system, push forward the reform of the fiscal responsibilities and responsibilities of the provincial governments below the provincial level, and implement the reform plan of the central and local incomes division after the implementation of a larger scale of tax reduction and cost reduction. We will firmly implement the governments requirements for a tight life, spend money on cutting edge, and give full support to the market players in ensuring employment, livelihood and peoples livelihood.

The challenge is huge and the task is heavy. He Lifeng stressed that it is necessary to further mobilize and give full play to the subjective initiative of local governments and strive to complete the annual targets and tasks.