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China

Intensive discussions to stabilize expectations, multiple measures to help enterprises reduce burden and increase vitality

2023-07-17   

In recent days, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce, the State owned Assets Supervision and Administration Commission, the General Administration of Market Supervision and other departments have successively held enterprise symposiums or round tables to listen to the business development of enterprises, the Hard problem of consciousness they face, and the relevant opinions and suggestions. The reporter learned that relevant departments will establish and improve communication and exchange mechanisms with enterprises, seize the critical period of economic recovery and industrial upgrading, and further propose practical and effective policy measures to help enterprises reduce costs, increase efficiency, and stimulate vitality. ——The platform enterprise forum held on July 12 was expected to be held by many ministries and commissions, and the opinions and suggestions on better promoting the standardized, healthy and sustainable development of the Platform economy were heard. Previously, on July 3 and 10, the National Development and Reform Commission held a forum for private entrepreneurs and a forum for communication and exchange mechanisms with private enterprises, listened to the operation and development of private enterprises, Hard problem of consciousness they faced, and relevant suggestions, and made it clear that "continuously improve the communication and exchange mechanism with private enterprises" and "specifically address the specific demands of enterprises"; On July 6th and 7th, the Ministry of Industry and Information Technology held a continuous symposium on manufacturing enterprises and a roundtable meeting on specialized, refined, and new small and medium-sized enterprises, conducting in-depth exchanges with enterprises in multiple industries. It was clearly stated that "a sound and normalized communication and exchange mechanism", "practical and effective policy measures", and "strengthening policy support and service guarantee" should be established. At the same time, for state-owned enterprises, foreign-funded enterprises, self-employed businesses, the SASAC, the Ministry of Commerce, the General Administration of Market Supervision and other departments held round tables or symposiums respectively to understand the business development, Hard problem of consciousness faced and relevant policy recommendations for enterprises of different types and industries. Sun Wenkai, Vice President of the National Institute of Small and Medium Enterprises at Renmin University of China, stated in an interview with reporters that since the beginning of this year, enterprise production has continued to recover. However, overall, there is insufficient demand in the domestic market, terminal product prices continue to decline, and enterprise operations are facing many difficulties. Cost pressure is still evident. Recently, multiple ministries and commissions have held intensive enterprise symposiums or roundtables, which have released clear signals, established a good communication and exchange mechanism, and provided insights for the subsequent improvement or introduction of relevant policies, further stabilizing expectations and boosting confidence. "2023 will still face more internal and external uncertainties, and the second half of the year is crucial to the completion of the year's work goals." Dong Ximiao, the Principal investigator of China Merchants Association, said that all departments should carefully listen to the opinions of various enterprises and entrepreneurs, "urgently address the urgent needs of enterprises", speed up the solution of the problems that affect the development of pain points and blockages, and make detailed arrangements for business environment construction, etc., which will make all policies and measures more practical. ——Experts interviewed with precise efforts to reduce the burden on enterprises pointed out that currently, some business entities, especially small and medium-sized enterprises, face many difficulties in production and operation, and the cost pressure is still significant. In May, the profits of industrial enterprises above designated size nationwide decreased by 12.6% year-on-year, indicating that the demand for cost reduction and efficiency improvement is still prominent. Helping business entities reduce costs and alleviate difficulties remains a top priority in macroeconomic policies. Recently, multiple departments have launched a "combination punch", including tax incentives, financial services and other policies to help enterprises reduce burden and develop. According to the announcement recently issued by the State Taxation Administration and the Ministry of Finance, from 2023, eligible enterprises can

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Economic Information Daily

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