CFIC Introduction
The Information Office of the State Council held a press conference at 3 p.m. on April 17. Liu Sushe, deputy director of the National Development and Reform Commission, said at the press conference that the implementation of macro policies will be strengthened, the economic recovery will be fully consolidated and enhanced, and the high-quality completion of the annual economic and social development goals and tasks will be promoted.
Original title: After-hours news! The National Development and Reform Commission made an important statement
The Information Office of the State Council held a press conference at 3 p.m. on April 17. Liu Sushe, deputy director of the National Development and Reform Commission, said at the press conference that the implementation of macro policies will be strengthened, the economic recovery will be fully consolidated and enhanced, and the high-quality completion of the annual economic and social development goals and tasks will be promoted.
Source: China News Network
Quick facts
Intensify the implementation of macro policies, give full play to the role of active fiscal policy and prudent monetary policy, have studied and drafted action plans to support major national strategies and security capacity building in key areas, further accelerate the issuance of plans, strengthen the implementation of plans, continue to improve the efficiency of the use of funds in the central budget, form a final list of prepared projects as soon as possible, urge local governments to speed up the issuance and use of bonds, accelerate the legislative process of the private economy promotion law, and consumption is expected to maintain a steady and stable development trend of upgrading and steadily improving, and enhance the consistency of macro policy orientation" In the first quarter, the economic operation continued to pick up and improve, the economic growth rate exceeded expectations, the economic structure continued to be optimized, the quality and efficiency improved, the employment price was basically stable, the market expectation improved overall, the overall social situation remained stable, and the economic and social development achieved a good start. Liu Sushe said. Yuan Da, deputy secretary-general of the National Development and Reform Commission and director of the Department of Comprehensive National Economy, said that the key to doing a good job in the second quarter is to grasp the implementation. The first is to promote the implementation of established policies and key tasks with greater efficiency. Intensify the implementation of macroeconomic policies, give full play to the role of active fiscal policy and prudent monetary policy, coordinate the implementation of policies in industry, investment, consumption, employment, prices, etc., enhance the consistency of macroeconomic policy orientation, and promote the formation of policy synergy. In particular, we will accelerate the implementation of equipment renewal, trade-in of consumer goods, the issuance of ultra-long-term special treasury bonds to support the implementation of major national strategies, and the construction of security capacity in key areas. Second, greater efforts should be made to promote the resolution of major contradictions. We will actively expand domestic demand, speed up the issuance of investment from the central budget and the issuance and use of special bonds by local governments, implement a new mechanism for public-private partnerships, and expand the consumption of automobiles, home appliances, mobile phones, and other goods, as well as cultural and tourism services. Vigorously promote the construction of a modern industrial system, strengthen high-level scientific and technological self-reliance and self-reliance, promote the transformation and upgrading of traditional industries, and support the growth of new drivers such as future industries. Comprehensively use measures such as expanding demand, optimizing supply, deepening reform, and adjusting reserves to promote price operation at a reasonable level. We will further deepen reforms in key areas and implement action plans for attracting and utilizing foreign investment more vigorously. Do a good job in the employment of key groups such as college graduates. Effectively and effectively deal with risks and hidden dangers in key areas. The third is to do a better job in major policy planning and pre-research reserves with higher quality. According to the needs of domestic and foreign environmental changes and the development of the situation, we should do a good job in pre-research and planning for major policies, such as in-depth research and planning on how to establish first and then break down, and accelerate the development of new quality productive forces in accordance with local conditions. Clarify the focus of support for ultra-long-term special treasury bondsRegarding the progress of ultra-long-term special treasury bonds, Liu Sushe introduced that in accordance with the deployment of the Party Central Committee and the State Council, the National Development and Reform Commission and relevant parties have studied and drafted an action plan to support the country's major strategies and security capacity building in key areas, and will begin to organize and implement it after approval and consent. The action plan adheres to the principle of coordinating hard investment and soft construction, using reform methods and innovative ideas to break down deep-seated obstacles, and adheres to step-by-step implementation, orderly progress, and the issuance of 1 trillion yuan of ultra-long-term special treasury bonds in 2024. In terms of support areas, we will focus on accelerating the realization of high-level scientific and technological self-reliance and self-reliance, promoting the integrated development of urban and rural areas, promoting coordinated regional development, improving the security and security of food and energy resources, promoting high-quality population development, and comprehensively promoting the construction of a beautiful China In particular, it is necessary to approve and build a number of projects with mature and qualified conditions in the early stage as soon as possible, and will also pay close attention to promoting the introduction and implementation of relevant supporting policies, and break down deep-seated obstacles through institutional and mechanism reforms, and form a joint force with the construction of major projects to ensure that the tasks specified in the action plan are implemented with high quality. Liu Sushe, who has completed the preliminary screening of special bond projects this year, said that up to now, the investment plan in the central budget has exceeded 200 billion yuan, accounting for more than 30% of the year. "We will further accelerate the issuance of the plan, strengthen the implementation of the plan, and at the same time earnestly grasp the construction and supervision of the project, and continue to improve the efficiency of the use of funds in the central budget. He said. Talking about the progress of the issuance of local government special bonds, Liu Sushe said that the scale of special bonds this year is 3.9 trillion yuan. Previously, the National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) appropriately expanded the scope of special bonds and industries to be used as project capital. Recently, in accordance with the division of responsibilities for special bonds, the National Development and Reform Commission has checked the investment areas and preliminary work of local projects, and completed the preliminary screening of special bond projects this year, which has been pushed to the Ministry of Finance and fed back to the localities. Liu Sushe introduced that on the whole, the number of projects that have passed the preliminary screening is sufficient and the capital demand is large, which has laid a solid project foundation for the issuance and use of special bonds throughout the year. "We will work with relevant parties to form a final list of projects to be prepared as soon as possible, urge local governments to speed up the issuance and use of bonds, and promote the formation of more physical workload for projects. In terms of promoting private investment, Liu Sushe introduced that the whole society will be effectively driven through government investment and policy incentives, and various policies to guide private investment will be implemented. The specific work includes: giving full play to the role of the national public-private partnership project information system that has been launched, fully implementing the specific requirements of the franchise plan preparation outline, and implementing the new mechanism of public-private partnership; publicly promoting more major projects to attract private capital to participate; studying and expanding the scope of investment-loan linkage pilot cooperative banks, guiding banks to continue to increase financing support for private investment projects and national key projects, and taking multiple measures to mobilize the enthusiasm of private investment. Yuan Da introduced that in the first quarter of this year, the development of the private economy achieved a good start, and the indicators in key areas showed a good trend. In the next step, the National Development and Reform Commission will further intensify its work and do a good job in overall coordination. In terms of strengthening the guarantee of the rule of law, we will accelerate the legislative process of the Law on the Promotion of the Private Economy, continuously improve the system and mechanism of adhering to the "two unswerving", accelerate the implementation of the requirements for equal treatment of state-owned enterprises and private enterprises in terms of system and law, and earnestly give play to the role of the rule of law in consolidating the foundation, stabilizing expectations, and benefiting the long-term. At the same time, we should effectively solve the problems of the enterprise. Build and make good use of the comprehensive service platform for the development of the private economy, form a joint force and implement a closed loop of collection, handling, feedback, tracking and efficiency, strengthen the coordination and resolution of common problems restricting the development of the private economy, highlight typical problems, and effectively achieve the goal of securing, protecting, stabilizing and benefiting enterprises. Jin Xiandong, director of the Policy Research Office of the National Development and Reform Commission, said that looking forward to the whole year, driven by the policy of expanding domestic demand and promoting consumption, various localities and fields will continue to innovate consumption scenarios and optimize the consumption environment, and the positive factors supporting consumption growth are increasing, and consumption is expected to maintain a steady upgrade and steady development trend. The National Development and Reform Commission will further play the role of the Inter-Ministerial Joint Conference on Improving the System and Mechanism for Promoting Consumption, coordinate the implementation of policies and measures to promote consumption by various departments and localities, and promote consumption from post-epidemic recovery to continuous expansion. In terms of stabilizing employment and increasing income, and effectively improving residents' consumption capacity, Jin Xiandong introduced that he will thoroughly implement the employment priority policy, organize and carry out a three-year action to promote youth employment, increase support for returning to his hometown to start a business, and do everything possible to stabilize and promote employment. At the same time, we will improve the mechanism for adjusting the minimum wage standard, promote a reasonable and steady increase in residents' wage income, and increase the property income of urban and rural residents through multiple channels. In terms of continuing to create new growth points for consumption, we encourage market demand and consumer demand to be the guide, and cultivate and create new consumption scenarios and new business formats. Support the development of new technologies such as artificial intelligence and the Internet of Things, and actively cultivate new consumption hotspots such as smart homes, cultural and entertainment tourism, sports events, and domestic "trendy products". At the same time, cooperate with relevant departments to actively do a good job in the trade-in of consumer goods.
Source of this article: China Securities Journal
Author: Ouyang Jianhuan
WeChat editor: Wang Qian
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