Premier Li Keqiang presided over the executive meeting of the State Council on August 24 to deploy the follow-up policies and measures of the package of policies to stabilize the economy and intensify efforts to consolidate the foundation for economic recovery and development; It was decided to increase the quota of policy oriented development financial instruments and make good use of the balance quota of special bonds according to law, and issue additional agricultural subsidies and support power generation enterprises to issue bonds for financing; We will determine measures to postpone the payment of a number of administrative and institutional fees and support the development of private enterprises, so as to ensure the employment of market participants; It has decided to send local supervision and service teams to stabilize the overall economic situation, so as to accelerate the implementation of policies; We will make arrangements to further do a good job in drought relief and strengthen financial and material support. The meeting pointed out that the current economic recovery and development trend continued in June, but there was a small fluctuation and the recovery foundation was not solid. It is necessary to implement the arrangements of the Party Central Committee and the State Council, comprehensively implement the new development concept, effectively coordinate the epidemic prevention and control and economic and social development, adhere to the principle that development is the foundation and key to solving all problems in China, seize the current critical juncture, take timely and decisive measures, maintain a reasonable policy scale, make good use of the tools available in the toolbox, strengthen the foundation for economic recovery and development, and do not engage in flood irrigation and overdraw the future. While implementing the package of policies to stabilize the economy, we will implement 19 successive policies to form a combined effect, promote the economy to stabilize and improve, keep the operation within a reasonable range, and strive for the best results. It mainly includes: first, on the basis that the policy oriented development financial instruments of 300 billion yuan have been put into the project, the quota of more than 300 billion yuan will be increased; We will make good use of the local balance limit of more than 500 billion yuan of special bonds according to law and complete the issuance by the end of October. This can not only increase effective investment and consumption, but also help to cope with the insufficient demand for loans. We will continue to release the reform and transmission effect of the quoted interest rate in the loan market, and reduce the cost of enterprise financing and personal consumption credit. Second, it is necessary to approve the commencement of a number of infrastructure projects with mature conditions. The projects should be effective, ensure quality, and prevent misappropriation of funds. We will introduce measures to support the development and investment of private enterprises and promote the healthy and sustainable development of the platform economy. We will allow local governments to flexibly use credit and other policies to support rigid and improved housing demand. Facilitate the entry and exit of business personnel. Third, we will delay the payment of a number of administrative fees for one quarter, and encourage local governments to set up loan risk compensation funds for small, medium and micro enterprises and individual industrial and commercial households. Fourth, we will support central power generation enterprises and others to issue 200 billion yuan of special bonds to guarantee energy supply. We will issue another 10 billion yuan on top of the 30 billion yuan of agricultural subsidies already issued this year. Fifth, we will continue to ensure smooth logistics. Sixth, the central government promotes and the local governments are responsible for implementation. All departments should promulgate policies and detailed rules as soon as possible, and all localities should promulgate supporting policies. The State Council immediately dispatched a working group on supervision and service of stabilizing the overall economic situation, led by the principal responsible comrades of the departments of the State Council, to several major economic provinces for joint work, to improve the efficiency of examination and approval, compact local responsibilities, and speed up the implementation of policies and measures through the reform of "decentralization, management, and service". The State Council's general supervision has included local economic stabilization work in the scope of supervision and service. The meeting pointed out that since July, the Sichuan Basin, the middle and lower reaches of the Yangtze River and other areas have been experiencing continuous high temperatures and little rain, and the drought has affected the people's lives and production. It is necessary to compact responsibilities and further do a good job in drought relief and disaster reduction. First, scientific tone
Edit：Wei Li Bin Responsible editor：Yin Bing
Source：XinhuaNet
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