Multiple departments have made intensive statements, revealing the focus of policy efforts for the next step
2024-01-05
Recently, officials from multiple ministries and commissions, including the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Industry and Information Technology, have made intensive statements, revealing the focus of policy efforts and work ideas for the next step. Further research is being conducted on how fiscal and tax policies that encourage and guide consumption can promote consumption from post pandemic recovery to sustained expansion in 2024, and cultivate and strengthen new types of consumption. Relevant departments are working hard to solve the problem. In addition to traditional consumption such as automobiles, home furnishings, and household appliances, focusing on cultivating and strengthening new types of consumption such as digital consumption, green consumption, and healthy consumption will be a powerful means to expand domestic demand this year. "The Ministry of Finance will further study fiscal and tax policies to encourage and guide consumption, focusing on improving consumption capacity, optimizing consumption environment, and cultivating new types of consumption, in the direction of upgrading resident consumption.". Xu Xingfeng, Director of the Market Operation and Consumption Promotion Department of the Ministry of Commerce, introduced that he will focus on implementing various policies to stimulate potential consumption. For example, vigorously developing digital consumption and promoting the healthy development of new formats and models such as live streaming e-commerce, instant retail, and online entertainment; Continue to expand green consumption, increase the "green content" of consumption, and reduce the "carbon content" of consumption; Increase the supply of goods and services in the field of health consumption; Promote the innovative development of time-honored brands, etc. In terms of investment, multiple departments will focus on promoting regional coordinated development, rural revitalization, new urbanization, and promoting science and education to develop the country, reasonably grasp the investment direction, scientifically carry out project decision-making, and ensure that investment forms high-quality supply. Luo Guosan, Director of the fixed assets investment Department of the National Development and Reform Commission, said that he would accelerate the construction of projects in key areas. Effectively promote the implementation of 102 major projects in the 14th Five Year Plan. Support key core technology breakthroughs and promote the development of strategic emerging industry clusters. Accelerate the construction of new infrastructure and vigorously develop the digital economy. Improving the overall efficiency of industrial technological innovation in multiple aspects. 2024 is a crucial year for achieving the goals and tasks of the 14th Five Year Plan. Multiple departments have made it clear that they will strengthen the planning of the entire industry chain and the layout of the medium and long-term system, and enhance the overall efficiency of industrial scientific and technological innovation from various aspects such as institutional and mechanism innovation, technological breakthroughs, industrial ecological cultivation, and financial policy support. In recent years, the Ministry of Finance has been continuously promoting technological innovation. Lan Foan revealed that the next step will be to increase financial investment in science and technology, further adjust and optimize the direction of use, and focus on basic research, applied basic research, and national strategic scientific and technological tasks. Specifically, relevant departments will coordinate macroeconomic regulation, fiscal sustainability, and optimize the tax system, implement structural tax and fee reduction policies, and focus on supporting technological innovation and manufacturing development. At the same time, efforts should be made to strengthen policy coordination and make fiscal and monetary, employment, industrial, regional, technological, environmental and other policies consistent and resonant, amplifying the combination effect. Li Liejun, Director of the Industrial Policy and Regulations Department of the Ministry of Industry and Information Technology, stated that he will promote the deep integration of digital technology and the real economy, with a focus on promoting the empowerment of new industrialization by artificial intelligence, accelerating the digital transformation of manufacturing, implementing intelligent manufacturing projects, deepening innovative applications of industrial Internet, strengthening the construction of new information infrastructure such as 5G and computing power, and fully leveraging the driving role of digital technology. In order to promote the specialization, refinement, and innovation of small and medium-sized enterprises
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：Shanghai Securities Daily
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