Li Keqiang presided over the executive meeting of the State Council

2022-03-31

Premier Li Keqiang presided over the executive meeting of the State Council on March 29, requiring detailed measures to reduce compaction responsibilities and resolutely prevent major and major safety accidents; Deploy and make good use of government bonds, expand effective investment, and promote the improvement of weaknesses and the growth of the economy; It is decided to start a number of new water conservancy projects with mature conditions to improve the ability of water resources guarantee and disaster prevention and reduction. At the beginning of the meeting, all comrades stood up and observed a moment of silence to the compatriots killed in the "March 21" China Eastern Airlines mu5735 aircraft flight accident. The meeting called for implementing the deployment of the CPC Central Committee and the State Council, doing a good job in the aftermath of the victims' families, such as comfort and compensation, and seeking truth from facts to find out the cause of the accident. To comprehensively strengthen work safety, the safety committee of the State Council should further make specific arrangements, strengthen guidance and supervision, consolidate the responsibilities of all parties, deeply investigate and rectify potential safety hazards, and earnestly safeguard the safety of people's lives and property. The meeting pointed out that the current international situation is becoming more complex and severe, domestic development is facing new challenges, and the downward pressure on the economy is further increasing. When formulating this year's macro policy, we have made forward-looking consideration of many changes in the domestic and foreign environment. Keeping the economy running smoothly in the first quarter and the first half of the year is very important to achieve the annual goal. We should pay close attention to the implementation of the spirit of the central economic work conference and the measures of the government work report, strengthen confidence, stick to the goal, put steady growth in a more prominent position, coordinate steady growth, adjust structure and promote reform, make policies to stabilize the economy come out early and quickly, do not take measures that are not conducive to stabilizing market expectations, and formulate plans to deal with greater uncertainty. The meeting pointed out that making good use of government bonds and expanding effective investment is an important measure to drive consumption, expand domestic demand and promote steady employment growth. In accordance with the principle of maintaining the basic stability of macro leverage ratio, 3.65 trillion yuan of special bonds of local governments will be added this year. In order to strengthen cyclical regulation, 1.46 trillion yuan was issued in advance according to law at the end of last year. In the next step, first, we should pay close attention to issuing the amount of remaining special bonds and give preference to regions with strong solvency and sufficient reserves for projects. The quota issued in advance last year will be issued before the end of May, and the quota issued this year will be issued before the end of September. Second, we should give better play to the effectiveness of special debt. Adhere to the principle of benefiting both the present and the long term, increase investment in areas such as benefiting the people's livelihood and making up for weaknesses, and support the construction of new infrastructure and other projects that increase stamina and improve the level. Reasonably expand the use scope of special bonds, and support public services and other projects with certain benefits on the basis of projects focused on transportation, energy, ecological and environmental protection, affordable housing projects and other fields. Adhere to the fund following the project, speed up the project commencement and construction, and form the physical workload as soon as possible. Third, we should use reform measures and market methods to give full play to the role of "four or two thousand pounds" of special bonds, attract more social capital investment and support the investment of private enterprises. Fourth, we should strengthen fund management, prevent precipitation and idleness, and prohibit the construction of buildings, museums and image projects in violation of regulations. Fifth, we should make overall arrangements for the issuance of government bonds and local bonds, maintain a reasonable scale of treasury funds, ensure that the grass-roots level implements the tax rebate, tax reduction and fee reduction policies and the financial resources needed to benefit the people's livelihood, and prevent debt risks. Encourage foreign medium - and long-term funds to purchase treasury bonds and implement relevant preferential tax policies. The financial system should strengthen cooperation, ensure the orderly issuance of government bonds and support project construction financing. The meeting pointed out that water conservancy projects are livelihood projects, development projects and safety projects. This year, another batch of projects that have been included in the plan and have mature conditions will be started, including major water diversion and transfer projects such as the follow-up project of the South-to-North Water Transfer, backbone flood control and disaster reduction, danger removal and reinforcement of dangerous reservoirs, construction and transformation of irrigation areas, etc. These projects, together with other water conservancy projects, can complete an investment of about 800 billion yuan in the whole year. According to the requirements of the meeting, ensure the project quality and ensure the safe operation of the project. Other matters were also examined. (Xinhua News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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