Taking multiple measures at the same time, local governments are speeding up their efforts to stabilize the economy
2022-06-07
The reporter of the economic information daily noted that since the issuance of the notice of the State Council on printing and distributing a package of policies and measures to stabilize the economy, as of June 6, more than 10 provinces have successively issued implementation plans and supporting policies for stabilizing the economy. In the view of the industry, at the key node that determines the annual economic trend, all localities seize the time window and compete to launch a new round of economic stabilization measures. On the basis of implementing national policies, we have taken a number of unconventional measures in key areas such as expanding investment and promoting consumption, stabilizing the supply chain of the industrial chain, and relieving market players, and accelerated the convergence of strong forces for steady growth through "expansion", "reinforcement", "complementarity" and "linkage", so as to promote the stabilization and recovery of the economy in the second quarter. —— Increase investment, promote consumption and expand domestic demand Expanding effective investment is not only conducive to expanding current demand and coping with the downward pressure on the economy, but also conducive to optimizing the supply structure and promoting high-quality development. From accelerating the construction of transportation infrastructure to strengthening the construction of water conservancy projects, and from promoting the construction of energy projects to accelerating the layout of digital infrastructure, local governments have worked out a timetable and task statement for accelerating the expansion of effective investment by focusing on major projects. For example, Qinghai proposes to launch a new round of rural road construction and reconstruction, and on the basis of completing the task of 1500 km in 2022, 1000 km of newly reconstructed rural roads will be completed. Liaoning has clearly promoted the implementation of 24 qualified major projects such as nuclear power, pumped storage, high-voltage power transmission, LNG gas storage and large-scale wind power photovoltaic bases as soon as possible. Sichuan proposed to introduce a number of projects that conform to industrial policies and development plans, with appropriate investment scale and clear return mechanism to the society in June. Guangdong proposed to support banking institutions to accurately connect 1570 key projects and 103 key projects in Guangdong Province and the Pearl River Delta industrial gradient transfer projects. In terms of promoting consumption, all localities have also frequently made great moves. Zhejiang gives full play to the leverage of consumption coupons, and issues various consumption coupons for automobiles, household appliances, furniture and home decoration, catering and accommodation, culture, tourism and sports in an orderly manner. Beijing proposed to vigorously promote automobile and other bulk consumption. In addition, the vehicle purchase tax will be halved for passenger vehicles with a displacement of 2.0L or less whose purchase date is from June 1 to December 31, 2022 and whose single vehicle price (excluding VAT) does not exceed 300000 yuan. "The recent epidemic has been effectively controlled, the offline consumption scene has been gradually restored, and the consumption promotion policy has been launched in due time, which is conducive to accelerating the recovery of the service industry and stabilizing employment. At the same time, the promotion of consumption in many places, focusing on automobiles, consumer electronics and green household appliances, will help to accelerate the release of residents' demand for consumption upgrading, further improve the traction on domestic industrial upgrading, and smooth the internal circulation." Gaoruidong, managing director and chief macro economist of Everbright Securities, said. —— Stabilizing the industrial chain supply chain and returning to production Industrial chain supply chain is the backbone and blood of economy. From making efforts to break through the logistics and transportation bottlenecks, to improving the "white list" system for key enterprises to return to work and reach production capacity, from consolidating the construction of the supply chain system of grain and energy products, to carrying out the chain supplement of basic livelihood industries and the strong chain extension of high-end and sophisticated industries, local governments take multiple measures to ensure the smooth and stable supply chain of key industry chains. Through the blocking points and checkpoints, Guangdong has completely eliminated the epidemic prevention access restrictions on freight vehicles from low-risk areas, made efforts to open up the logistics bottleneck of the manufacturing industry, and accelerated the inventory turnover of finished products. The vehicle passes for the transportation of key materials in epidemic affected areas of industrial enterprises shall be applied for and issued to ensure the smooth logistics of key materials. Aiming at key industries, Guangxi implemented "one policy for each line" to support negative growth enterprises in automobile, machinery, grain and oil, food, electronic information, building materials and other industries to resume positive growth. Fujian will vigorously promote the resumption of production and production. Fujian will establish and improve the risk monitoring mechanism of the industrial chain supply chain, strengthen the service guarantee of the "white list" enterprises of the key industrial chain supply chain, promote the linkage between the upper and lower levels and regional mutual recognition, and work together to promote the resumption of production and production of the industrial chain supply chain enterprises. Sunchuanwang, a professor at the school of economics of Xiamen University, said that by further refining a series of measures to ensure the stability of the supply chain of the industrial chain in combination with their own reality, all localities will help to improve the pertinence, feasibility and effectiveness of policies, timely break through the blocking points of industrial development, enable the development of key industries and the smooth supply chain, and fully support the accelerated recovery and revitalization of the local economy. —— There are practical ways to relieve market players, reduce their burdens and stabilize their posts "In the grassroots research, market players, especially small, medium-sized and micro enterprises and individual industrial and commercial households, have the most concentrated and most expected the government to introduce policies such as tax reduction and fee reduction, rent reduction, job stabilization and return, and financial support. These policies can quickly increase the cash flow of market players and help market players recover their vitality." Xuyingwu, spokesman of Tianjin municipal government, said a few days ago. Among the "35 items" for stabilizing Tianjin's economy, 18 policies and measures have been taken to solve the difficulties of market players. Expand the scope of tax rebates to more industries; Reduce the cost of water, electricity and gas network; Promote financial institutions to reduce fees and profits and reduce financing costs... Around the rescue of market players, all localities have made practical moves to reduce burdens and stabilize posts with "real money and silver". Yunnan emphasizes to strengthen the value-added tax rebate policy, and the annual scale of tax rebate is expected to reach 70billion yuan. Jiangxi encourages small and medium-sized enterprises and individual businesses in the service industries such as accommodation and catering, transportation, cultural tourism, wholesale and retail to be subsidized by 30% of the water and electricity fees payable from June to September. Anhui Province has promoted the construction of a long-term mechanism for financial service small and micro enterprises to be willing to lend, willing to lend, able to lend, and can lend. In 2022, the provincial comprehensive financial service platform will add 500billion yuan of matching financing services. "Stabilizing the main body of the market means stabilizing employment, ensuring people's livelihood, stabilizing growth and stabilizing the future. Only by stabilizing the main body of the market can we stabilize the overall economic market." Maxiaobai, associate researcher of the Enterprise Research Institute of the development research center of the State Council, believes that all localities focus on pain points, blocking points and difficulties to help market players, especially small, medium and micro enterprises, with many, strong and wide-ranging measures, which will help enterprises enjoy the "timely rain" of policies earlier and faster. —— Accelerate the formation of policy synergy to promote economic stabilization and recovery Accelerating the formation of policy synergy has become a prominent feature of the new round of local measures to stabilize the economy. "The '1+20' policy system introduced this time has played a set of policy 'combined Fist' with more strength and temperature." When talking about the new package of policies and supporting policies issued by Hebei Province, wangsuwen, spokesman of Hebei provincial government, summarized them as "one high school and three strong" -- high gold content, strong directivity, timeliness and pertinence. "There are 38 measures in eight aspects. The policies cover a wide range of areas, with great strength and high precision, revealing a positive signal to further release the policy synergy." The relevant person in charge of Zhejiang Provincial Development and Reform Commission said when interpreting the "38 articles" on stabilizing Zhejiang's economy. Liuxiangdong, deputy director of the Economic Research Department of the China Center for international economic exchanges, pointed out that local governments should fully implement the national economic stabilization policy and implement localization measures according to local conditions, which is more comprehensive and more practical. He suggested that to stabilize the economy, we should adhere to the "one game of chess for the whole country", give full play to policy synergy as soon as possible, and local governments should pay attention to cross regional connectivity while giving full play to their initiative. "In addition to breaking through the key blocking points in the economic cycle, we should also give full play to local advantages in unblocking the industrial chain and supply chain, support the development of 'specialized, special and new' enterprises, optimize the business environment by means of market-oriented reform, and promote the economic cycle to return to the state of expansion." (Xinhua News Agency)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Economic Information Daily
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