Li Keqiang pointed out that we have stepped up efforts to reduce taxes and fees, and it is estimated that the burden of enterprises will be reduced by more than 2.5 trillion yuan in the whole year, including 1.6 trillion yuan in social security fees. We have increased the deficit ratio, issued special anti epidemic treasury bonds, and added 2 trillion yuan of financial funds. Through reform, we have established a mechanism that directly reaches the grass-roots level in cities and counties, and directly benefits enterprises and the people. We have made up for the financial gap at the grassroots level due to tax reduction and fee reduction, and improved the timeliness of macro policies. We have strengthened the counter cyclical adjustment of monetary policy, adopted various measures to provide liquidity support to the real economy, and innovated and introduced policy tools directly to real enterprises. We will give priority to the employment policy and expand employment in an all-round way.
Li Keqiang stressed that China will maintain the continuity and stability of its macro policies, enhance its sustainability and effectiveness, continue to implement positive fiscal policies, prudent monetary policies and employment priority policies, continuously enrich policy connotation, improve policy mix, and adopt more reform measures to promote economic operation to a reasonable range.