Premier Li Keqiang chaired the executive meeting of the State Council on October 26, deploying and implementing a package of policies and follow-up measures to stabilize the economy and promote further economic stability; We listened to the report on the financial and financial policy instruments supporting the construction of major projects and the renovation of equipment, and deployed to speed up the release of the effect of consumption expansion policies; It is required to deeply implement the immediate refund of the manufacturing industry's incremental tax allowance, and support the rescue and development of enterprises. The meeting pointed out that we should comprehensively study, grasp and implement the spirit of the 20th CPC National Congress. One is deployment, nine is implementation. All departments should continue to perform their duties diligently to ensure implementation and do a good job in economic and social development. Since April this year, we have implemented the deployment of the Central Committee of the Communist Party of China and the State Council, responded to the impact of unexpected factors, implemented the policies determined by the Central Economic Work Conference and the Government Work Report, and promptly and decisively launched a package of policies and follow-up measures to stabilize the economy. Effective and reasonable policies and measures are conducive to stabilizing the current situation and sustainable development. The economic downturn in the early second quarter was reversed in a timely manner. At present, it is extremely difficult for the economy to stabilize and improve, and it is also a key window period for expanding the stable and upward trend. We should continue to release the effects of policies, stabilize employment and prices, and strive to make the economy in the fourth quarter better than that in the third quarter, so as to keep the economy operating within a reasonable range. First, we will continue to implement a package of policies and follow-up measures to stabilize the economy. We will thoroughly implement policies such as tax rebates, tax deferral and fee reduction, and post stabilization subsidies. Ensure stable energy supply. We will continue to ensure smooth transportation and logistics. Promote the sustained and healthy development of the platform economy. The Working Group on Supervision and Service to Stabilize the Economic Market should continue to supervise and coordinate the resolution of problems. Second, we will do more to stimulate market vitality and social creativity. The Chinese people are industrious and intelligent, and the number of market players has exceeded 160 million, which is where China's economic resilience lies. We need to adhere to reform and opening up, deepen the reform of "streamlining management and servicing services", and optimize the business environment. We should urge the implementation of relevant measures, stabilize market expectations and boost market confidence. Third, all sectors in all regions should perform their duties and responsibilities to ensure the people's livelihood, implement the expansion of subsistence allowances, unemployment subsidies, and implement the linkage mechanism of price subsidies. The central government, which has real difficulties in local areas, should give appropriate subsidies to secure the bottom line of basic people's livelihood. The meeting pointed out that the policy of expanding investment and promoting consumption should be accelerated to take effect in response to the contradiction of insufficient effective demand. First, fiscal and financial policy instruments support the construction of major projects and the upgrading of equipment, so as to create more physical workload in the fourth quarter. The relevant coordination mechanism should continue to operate efficiently to accelerate the commencement of the project and ensure the quality of the project. If the project is not started on time, the funds will be adjusted for new projects. Support private investment in major projects. Accelerate the loan for equipment upgrading and transformation, support the procurement of domestic and foreign equipment equally, expand the demand of manufacturing industry and guide expectations. Second, promote consumption recovery to become the main driving force of the economy. The construction of major projects and equipment renovation and transformation should be combined with the expansion of consumption. We should expand work relief to promote employment, increase income and bring consumption. The renovation and transformation of small and medium-sized enterprises and consumer equipment should be included in the scope of special refinancing and financial interest subsidy support. We will implement policies to support large consumer and life service industries such as automobiles. We will implement policies to support rigid and improved housing demand. It was pointed out at the meeting that the implementation of large-scale VAT allowance and rebate will help enterprises to rescue and stabilize the economy