The executive meeting of the State Council pointed out: fully release the policy efficiency and accelerate the expansion of effective demand

2022-09-02

Premier Li Keqiang presided over the executive meeting of the State Council on August 31, listened to the report on the supervision and service work of stabilizing the overall economic situation, deployed the full release of policy efficiency, and accelerated the expansion of effective demand; We will determine measures to further optimize the business environment and reduce institutional transaction costs, and continue to reduce the burden and activate market players. The meeting pointed out that it is necessary to implement the arrangements of the Party Central Committee and the State Council, keep the economic operation within a reasonable range, and strive for the best results. In response to the impact of factors that exceeded expectations in economic operation, the government was able to exhaust the policy tools it had reserved for the past two years in the early stage, and promptly and decisively launched a package of policies and follow-up policies to stabilize the economy. Because market entities encountered more difficulties in some aspects than in 2020, this year's tax rebates, tax reductions, and fee reductions exceeded 2020, and the government introduced a strong policy to stabilize investment and promote consumption. The overall scale of the policy is reasonable and appropriate. At present, at the critical juncture of economic recovery, it is of great importance to accelerate the release of policy efficiency. Recently, the State Council sent working groups to major economic provinces to focus on stabilizing the overall economic situation, supervision and service, and solved a number of difficult and blocking problems on the spot. We should continue to seize every minute to implement the policy, further promote the effectiveness of the package of policies to stabilize the economy through the reform method of "relaxing control and serving the people", refine and implement the continuation policy, and make every effort to implement the detailed rules in early September. We should strive to expand effective demand, promote investment and consumption, increase employment, consolidate the foundation for economic recovery, and enhance the stamina for development. First, on the basis of making good use of the newly added policy oriented development financial instruments of more than 300 billion yuan, expand the scale according to the actual needs, meet the capital needs of qualified and mature projects, and avoid the occurrence of projects and other capital situations; New projects started in the first half of the year will be included in the scope of support, and projects that met the conditions before but were not put into production due to quota restrictions will be automatically included in the support, so as to form more physical workload in the third quarter, and also provide timely market demand for the manufacturing industry and individual industrial and commercial households. Second, expand the areas supported by policy oriented development financial instruments, include the transformation of old residential areas and provincial highways, and attract private investment as much as possible. Third, we will introduce policies as soon as possible to support manufacturing enterprises, vocational colleges and other equipment upgrading and transformation. Fourth, guide commercial banks to expand medium and long-term loans, and provide sufficient financing for key project construction and equipment renovation. This is also conducive to expanding the effective demand for credit. Relevant departments should improve the assessment of banks, and banks should improve the internal assessment and due diligence exemption provisions to form an incentive mechanism. Fifth, we will continue to adopt centralized office and parallel processing methods for key projects, improve the efficiency of examination and approval, and strengthen the guarantee of key elements. The local government can make commitments on land use, environmental impact assessment and other procedures according to its responsibilities and authorities, and make up the formalities after the project is completed. Sixth, to support rigid and improved housing demand, the local government should make good use of the policy toolbox of "one city, one policy" and flexibly use the phased credit policy and the special loan for guaranteed housing delivery. Promote large-scale consumption of automobiles. Seventh, the State Council sent another group of supervision and service teams to several provinces to promote the implementation of policies. Timely check and return visit, focusing on the completion of physical workload and completion of formalities in the third quarter of project construction. Eighth, all localities should also establish supervision and service mechanisms. The construction of key projects should be carried out in accordance with the principle of rewarding, ensuring that the funds are not misappropriated and the project quality. The meeting noted that,

Edit:Wei Li Bin    Responsible editor:Yin Bing

Source:XinhuaNet

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