Premier Li Keqiang presided over the executive meeting of the State Council on May 11, calling for fiscal and monetary policies to give priority to employment and stabilize the overall economic market; Deploy to further revitalize stock assets, broaden social investment channels and expand effective investment; It is decided to exempt the interest of national student loan for college graduates with financial difficulties and allow the extension of repayment of principal. The meeting pointed out that due to the unexpected impact of the new round of epidemic and changes in the international situation, the new downward pressure on the economy further increased in April. We should implement the deployment of the CPC Central Committee and the State Council, strengthen confidence, face difficulties and challenges, strive to stabilize the overall economic situation, provide a basis for overall planning and doing a good job in all work, and take practical actions to meet the victory of the 20th CPC National Congress. First, fiscal and monetary policies should be guided by the priority of employment. Measures such as tax rebates, deferred payment of social security fees and reducing financing costs should all focus on stabilizing market players, stabilizing jobs and employment, so as to ensure basic people's livelihood, steady growth and promote consumption. We should further study and use a variety of policy tools to mobilize local enthusiasm and compact responsibilities, and effectively stabilize jobs and employment. Second, ensure price stability. China's supply of basic people's livelihood needs is abundant, but we should not take it lightly. We should pay close attention to grain production, ensure the stability of grain output and supply, and consolidate the basis for stabilizing prices. While doing a good job in epidemic prevention and control, we will further unblock logistics, especially in key areas, and maintain the stability of the industrial chain and supply chain. Third, ensure the normal supply of energy. On the basis of allocating 50 billion yuan of renewable energy subsidies to central power generation enterprises in the early stage and 20 billion yuan of capital injection through the state-owned capital operation budget, another 50 billion yuan of subsidy funds and 10 billion yuan of capital injection will be allocated to support the rescue of coal power enterprises and more power generation. We should optimize policies, strengthen coordination and release advanced coal production capacity in a safe and orderly manner. It is not allowed to switch off and limit power. Fourth, give policy support for housing provident fund to enterprises and employees with current difficulties. By the end of this year, enterprises can apply for deferred payment. Employees' normal withdrawal of provident fund and application for provident fund loans will not be affected. It is expected to reduce the burden of enterprises by more than 90 billion yuan. If an employee fails to repay the provident fund loan normally, it shall not be treated as overdue. All localities can reasonably increase the withdrawal amount of provident fund rental housing. Fifth, pay close attention to the study of measures to expand the scope and extend the implementation period of the pension insurance premium deferment policy, and guide local governments to subsidize the expenses of small, medium-sized and micro enterprises and individual industrial and commercial households, such as water and electricity. The meeting pointed out that revitalizing stock assets such as infrastructure is conducive to broadening social investment channels, expanding effective investment and reducing the risk of government debt. First, we should encourage the implementation of revitalization through the issuance of real estate investment trust funds. Guide local governments to come up with attractive project demonstration, and treat all kinds of market subjects involved in investment equally. Second, we should improve the market-oriented operation mechanism and improve the income level of the project. For new projects invested with recovered funds, special bonds can be supported. Third, we should adhere to the principle of marketization and rule of law, and determine the transaction price openly and transparently. Ensure the stable operation of infrastructure and protect the public interest. The meeting pointed out that the national student loan is an important system to ensure that students from economically disadvantaged families receive higher education fairly. This year, the number of college graduates hit a record high. In order to help them reduce their burden and employment, the meeting decided to waive the interest of national student loans that should be repaid by graduates of this year and previous years this year, and the interest free funds should be borne by the state finance; The principal can be extended for one year without compound interest. If graduates fail to repay in time this year due to the impact of the epidemic, it will not affect the credit investigation. It is estimated that more than 2 billion yuan of interest free and more than 5 billion yuan of deferred repayment of principal will benefit more than 4 million graduates. Colleges and universities and relevant financial institutions should strengthen the connection of work, and special affairs should be handled as soon as possible so that the policy should be enjoyed. The meeting examined other matters. (Xinhua News Agency)