Premier Li Keqiang chaired the executive meeting of the State Council on November 22, which deployed a package of policies and follow-up measures to stabilize the economy, and consolidated the foundation for economic stability; It was decided to send a supervision working group to the local government to promote the implementation of policies and measures that had been introduced in the early stage. It was pointed out at the meeting that all local departments implemented the deployment of the CPC Central Committee and the State Council, and implemented a package of policies and follow-up measures to stabilize the economy, which provided strong support for reversing the economic downturn in the early second quarter and stabilizing the economic market. The economic operation in the fourth quarter is very important to the economy of the whole year. At present, it is the key time to consolidate the economic stability and upward foundation, and we must keep the sustained economic recovery. We should thoroughly implement a package of policies and measures to stabilize the economy, stabilize employment and prices, keep the economy operating within a reasonable range, and strive to achieve better results. The early introduction of fiscal and financial policies to support the construction of major projects and the upgrading and transformation of equipment is an important measure to promote investment to bring consumption and stabilize the economic structure. The policy effect is emerging, and there is still great potential. At the same time, there are differences in local conditions, and some of them fall into place due to various reasons. We should continue to pay close attention to the implementation. First, accelerate the construction of major projects. At present, the two batches of financial instruments support more than 2700 major projects, with an operating rate of more than 90%. The coordination mechanism for important projects should continue to operate efficiently, promote the acceleration of fund payment and construction of projects, drive social capital investment, including private enterprises, and create more physical workload within the year. Those who fail to fulfill their commitments within the time limit shall be notified, and the projects that cannot be started on schedule shall be adjusted. We will strengthen supervision and build clean projects and quality safety projects. Second, accelerate the implementation of equipment upgrading and transformation. On the basis of basically completing the project loan signing, we should shift the focus of our work to the issuance of special re loans and the allocation of financial discount interest, and urge the fund using units to accelerate the purchase and transformation of equipment. At the same time, we will guide financial institutions to increase medium - and long-term loans to the manufacturing industry in accordance with the principle of marketization, and promote the upgrading and development of the manufacturing industry. Third, stabilize and expand consumption. We will implement the policy of bailing out the living service industry. Support the sustained and healthy development of the platform economy, and ensure the smooth flow of e-commerce and express networks. Implement policies to support rigid and improving housing demand based on urban policies, and guide local governments to strengthen policy publicity and interpretation. We will promote the full implementation of special loans to ensure delivery of buildings as soon as possible, encourage commercial banks to issue new loans to ensure delivery of buildings, and accelerate project construction and delivery. We will work hard to improve the balance sheet of the real estate industry and promote the healthy development of the real estate market. Fourth, continue to ensure smooth transportation and logistics. The working mechanism for ensuring the smooth flow of logistics should be constantly coordinated to ensure the smooth flow of main roads and microcirculation, the normal operation of port, station and yard collection and distribution, the timely unblocking of blocking points, and the stability of the industrial chain supply chain and the smooth flow of import and export. Fifth, we will increase financial support for the real economy. We will guide the banks to moderately yield interest on the stock loans of inclusive small and micro enterprises, continue to provide financial services for transportation and logistics, increase support for private enterprises to issue bonds, and appropriately use monetary policy tools such as reserve ratio reduction in a timely manner to maintain reasonable and sufficient liquidity. Sixth, we will ensure basic people's wellbeing. We will do a good job of dynamic monitoring, assistance and assistance for the people in need and the unemployed, and secure the bottom line of basic people's livelihood. We will step up efforts to curb wage arrears among migrant workers
Edit：He Chuanning Responsible editor：Su Suiyue
Source：xinhua
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