National Development and Reform Commission: The policy has shown strong effects and promoted the sustained recovery of the national economy towards good enterprises | Policy | National Economy
Today, the National Development and Reform Commission, the Ministry of Finance, the People's Bank of China, and the State Administration of Taxation jointly held a press conference to introduce the situation of "playing a good combination of macroeconomic policies and promoting high-quality economic development". At the meeting, Yuan Da, Deputy Secretary General of the National Development and Reform Commission and Director of the Comprehensive Department, stated that since the beginning of this year, the National Development and Reform Commission, together with relevant parties, has increased efforts to implement macro policies, promoted coordinated efforts to advance policies, and orderly implemented the "three batches". The system has effectively responded to the increasing adverse effects of international environmental changes on China and the interweaving of domestic cyclical structural contradictions, effectively promoting the sustained recovery and overall recovery of the national economy.
Continue to optimize a batch of phased policies. We have clarified the follow-up arrangements for phased policies that will expire in March and April as early as possible, and have continued to implement or implemented multiple policies as institutional arrangements for the long term, including tax incentives for small and micro enterprises and individual businesses, reducing unemployment and work-related injury insurance rates, and increasing the proportion of R&D expenses deduction for some enterprises. In June, we also continued and optimized support policies such as tax reduction for the purchase of new energy vehicles, further stabilizing expectations and enhancing confidence, creating a stable policy environment for enterprises to arrange investment and business activities.
Research and introduce a series of targeted new measures. Focusing on the key and difficult points in economic operation, a series of practical and effective new policies and measures have been successively launched. In terms of improving supply quality, policies have been introduced to accelerate the development of advanced manufacturing clusters, promote high-quality development of new energy vehicles, and support financing for technology-based enterprises; In terms of expanding effective demand, measures have been taken to promote consumption of household electronic products, support new energy vehicles going to rural areas, accelerate the construction of charging infrastructure, and promote private investment; In terms of deepening reform and opening up, measures have been introduced to build a unified national market, promote the development and growth of the private economy, optimize the business environment, and promote stable scale and structure of foreign trade, continuously increasing quantity, stabilizing stock, and improving quality, stimulating and releasing the endogenous driving force of economic development.
Actively plan and implement a batch of reserve policies. In June, in response to the new changes in the economic operation in the second quarter, a reserve policy was timely introduced to promote the sustained recovery and improvement of the economy. At present, various departments are working hard to implement policies and measures, including guiding the downward trend of market interest rates, promoting the consumption of commodities such as automobiles, promoting the transformation of urban villages in mega cities and the construction of public infrastructure for both emergency and emergency use, and orderly expanding the issuance scale of real estate investment trust funds in the infrastructure sector. Other policies are also being promoted, providing strong policy support for sustained economic recovery.
From the latest economic operation data currently available, the growth rate of physical quantity indicators has accelerated. In July, the national unified regulation power generation increased by 5.9% year-on-year, which is 1.5 percentage points faster than the previous month; Market expectations have also improved, and the manufacturing PMI has rebounded for two consecutive months. With the continuous manifestation of the effects of various policies of "combination boxing", the economy in the second half of the year will maintain a stable and positive trend on the basis of continuous recovery in the first half of the year.
