What do you think of the economic situation? How to stabilize prices and help enterprises to relieve poverty—— National Development and Reform Commission responds to hot spots in economic operation

2022-06-17

As the middle of the year approaches, what do you think of China's economic situation in the face of multiple pressures such as the increasingly complex and severe international environment and the impact of domestic epidemics? How to stabilize prices and help enterprises to relieve poverty? Meng Wei, spokesman of the national development and Reform Commission, made a response at the press conference on the 16th. Economic operation gradually stabilized "Since May, the overall epidemic situation in the country has shown a downward trend, the normal production and living order has been speeded up, the economic operation has gradually stabilized, and the main economic indicators have shown marginal positive changes." Meng Wei said. Production and supply gradually picked up, and domestic demand recovered. Agricultural production is generally stable. Wheat in the main production areas has been harvested in large areas, summer grain is expected to be harvested again, industrial enterprises are accelerated to return to work and reach production, and service industry production is gradually restored; In the first five months, fixed asset investment increased by 6.2% year-on-year, household consumption recovered steadily, and the growth rate of foreign trade import and export rebounded significantly. Market expectations have improved. In May, China's Manufacturing Purchasing Managers' index (PMI) and non manufacturing business activity index were 49.6% and 47.8% respectively. Although they were still below the boom and bust line, they rose by 2.2% and 5.9% respectively compared with the previous month. "Despite some positive changes in the economic operation, there are still many challenges to the stable recovery of both supply and demand sides." Meng Wei said that he will continue to effectively coordinate epidemic prevention and control and economic and social development in accordance with the decisions and arrangements of the Party Central Committee and the State Council, strive to break through the blocking points restricting the economic cycle through macro policies, effectively ensure and improve people's livelihood, and strive to promote the economy to return to the normal track. Make every effort to promote the implementation of a package of policies and measures to stabilize the economy as soon as possible The State Council recently issued the "package of policies and measures to stabilize the economy in a down-to-earth manner", covering 33 measures in 6 areas, including fiscal policy, monetary and financial policy. "In accordance with the relevant deployment and requirements, we have accelerated the implementation of various policies and measures, issued supporting implementation rules in a timely manner, and achieved positive progress and results in related work." Meng Wei said. For example, we should speed up the allocation of investment within the central budget, accelerate the implementation of major projects, and promote the formation of physical workload as soon as possible; We will properly implement the relevant policy requirements for appropriately raising the minimum purchase price of rice and wheat, and do a solid job in improving the reserve capacity of coal, crude oil and other energy resources; Guide and urge local governments to comprehensively clean up and abolish unreasonable charges in the water, electricity and heating industry, continue to pay attention to and actively promote the resumption of work and production in key areas, material support and other related work; Cooperate with other relevant departments to actively promote the implementation of fiscal, monetary and financial policies, and form a joint force for stabilizing growth. Meng Wei said that in the next step, the national development and Reform Commission will make every effort to promote the implementation of relevant policies and measures as soon as possible, ensure the reasonable economic growth in the second quarter, and strive to provide a better foundation and conditions for development in the second half of the year. A solid foundation for stabilizing consumer prices Under the pressure of global inflation, China's prices remained stable. In May, the national consumer price index (CPI) rose by 2.1% year-on-year; The year-on-year increase of the national producer price index (PPI) fell back to 6.4%, and the upstream and downstream price trends became more coordinated. According to Meng Wei, in May, CPI in the United States and the United Kingdom rose by 8.6% and 9% year-on-year respectively; CPI in the euro zone rose by 8.1% year-on-year; Many emerging economies' CPI rose by more than 10%, and a few countries even reached more than 50%. China's price level is far lower than that of major economies such as the United States and Europe, and continues to play an important "stabilizing" role in global prices. "Looking forward to the later stage of this year, China's grain, oil, meat, eggs, milk, fruits and vegetables and other important commodities for people's livelihood will be produced stably and in sufficient supply. In particular, with the large number of seasonal fresh agricultural products listed on the market, the market supply will continue to increase. In addition, the logistics blocking points and checkpoints in various regions are well channeled, the trans regional transportation capacity is significantly enhanced, and there is a solid foundation for stabilizing consumer prices. The domestic CPI will continue to operate within a reasonable range, and the expected target of about 3% of the whole year can be achieved." Meng Wei said. Meng Wei said that although geopolitical conflicts are still disturbing the international energy and food markets, domestic food rations are self-sufficient, coal resources can meet the demand, and the policy of ensuring supply and stabilizing prices continues to work. It is expected that the increase in PPI in the later period is expected to fall further. Further promote the healthy development of small and medium-sized enterprises Since the beginning of this year, the difficulties and challenges faced by the development of small and medium-sized enterprises have increased significantly due to the multi-point spread of domestic epidemics and the increasingly complex and severe international situation. In order to support small and medium-sized enterprises to tide over the difficulties, the national development and Reform Commission, together with relevant departments, has successively issued 18 policies and measures for industrial economy and 43 policies and measures for service industry relief, and has targeted to increase support for the real economy and small, medium and micro enterprises. At the same time, we will closely track, study and judge the supply and price operation of some raw materials, strengthen the regulation of market supply and demand, promote the stable operation of prices, and promote the cost reduction of small and medium-sized enterprises. Meng Wei said that in the next step, we will effectively coordinate epidemic prevention and control and economic and social development, consolidate and expand the effectiveness of various policies. First, focus on solving the problems of blocking points, difficulties and sticking points. We will continue to ensure the supply and price of bulk commodities, strive to expand market demand, ensure food security, energy security, and the security and stability of the supply chain of the industrial chain, and enhance the confidence of small and medium-sized enterprises in their development. Second, strengthen the study and judgment of the situation. We will do a good job in tracking and analyzing the development of small and medium-sized enterprises, monitoring and early warning, and timely introduce pragmatic and effective policies and measures to deal with the uncertainty of the external environment in response to new situations and problems. Third, strengthen policy tracking and effectiveness. Through the publicity and guidance of the policy, more market players will be made aware of the policy and make good use of the policy, so as to ensure that the policy is effectively transmitted to small and medium-sized enterprises and effectively stabilize the expectations of market players. (weiyukun, wangyueyang, yangsiqi) (outlook new era)

Edit:Luo yu    Responsible editor:Wang xiao jing

Source:xinhuaNet

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