National Development and Reform Commission: A series of measures to stabilize the economy will be concentrated and effective in the fourth quarter
2022-11-18
On November 16, Meng Wei, spokesman of the National Development and Reform Commission, said at the press conference that, as the implementation of a package of policies and follow-up measures to stabilize the economy accelerated, as well as a series of measures such as policy oriented development financial instruments, special refinancing for equipment upgrading and transformation, financial discount, and expansion of medium and long-term loan issuance in manufacturing industry, a series of measures will be concentrated and effective in the fourth quarter, and the power of industrial growth and investment confidence will continue to be strengthened. Looking forward to the whole year, the economic growth is expected to be further accelerated, and the foundation for stability and improvement will be continuously consolidated. On November 15, the National Bureau of Statistics released the economic data for October. Meng Wei said that the data showed that in October, China's economy withstood the impact of multiple unexpected factors at home and abroad, and maintained a recovery trend. The economy of major provinces and other key regions is accelerating steady development. Recently, the joint prevention and control mechanism of the State Council issued 20 measures to optimize epidemic prevention and control, guiding local governments to do more scientific and accurate epidemic prevention and control work, and effectively coordinate epidemic prevention and control and economic and social development, which is conducive to further smoothing the economic cycle and promoting the recovery of market demand. At the same time, Meng Wei also pointed out that the current international environment is still complex, and the situation of epidemic prevention and control is still serious. Especially in the recent period, new outbreaks in China continue to emerge, and it requires hard work to promote the sustained economic recovery in the fourth quarter. Next, the National Development and Reform Commission will continue to attach greater importance to stabilizing growth, and continue to promote the implementation of a package of policies and follow-up policies to stabilize the economy. ——Accelerate project construction and expand effective investment At the end of July, the State Council deployed policy based development financial instruments to increase financing support for major projects. At present, 739.9 billion yuan of financial instrument funds have been fully invested, most of the supported projects have started construction, and the physical workload is accelerating. According to the data released by the National Bureau of Statistics, the national investment in fixed assets increased by 5.8% in October. With the decline of real estate investment, the investment in infrastructure continued to grow, with an increase of 8.7% in October and a steady growth in manufacturing investment, with an increase of 9.7% in October. "It can be said that financial instruments have played a positive role in stabilizing investment." Meng Wei said that financial instruments have effectively supplemented the capital for major project construction, and supported a large number of important projects for effective investment in the "Fourteenth Five Year Plan" that are both current and long-term. For example, in the field of major infrastructure, new transportation and water conservancy major infrastructure such as Beijing Xiong'an New Area Shangqiu High speed Railway will be built. As these projects are accelerated, they will play an important role in promoting stable investment growth and optimizing the supply structure this year and next. Next, relevant departments will focus on accelerating the commencement and construction of financial instrument projects, strive to form more physical work as soon as possible, strengthen the key role of investment in optimizing the supply structure, and help consolidate the trend of economic recovery. ——Strengthening energy security At present, northern China has entered the heating season in an all-round way. Meng Wei said that from the current supply situation, although the complex and severe international market situation has a certain impact on China's supply guarantee in winter, through early preparation, joint efforts and effective measures, China's natural gas supply in the heating season this winter is generally guaranteed, with peak hours
Edit：Yi Bin Responsible editor：Li Bin Wei
Source：Economic Information Daily
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