Plan to completely lift household registration restrictions, Jiangsu: except for projects in Nanjing and Suzhou urban areas | support | restrictions

Release time:Apr 14, 2024 16:33 PM

The website of the Jiangsu Provincial Development and Reform Commission has released a notice soliciting opinions on several policy measures to promote the sustained recovery of the province's economy and help high-quality development continue to be at the forefront.

The Provincial Development and Reform Commission, together with relevant departments of the province, has drafted several policy measures to promote the sustained recovery of the provincial economy and help high-quality development continue to be at the forefront. It is now publicly soliciting opinions from the society. If you have any modification suggestions or suggestions, please provide feedback to the Comprehensive Office of the Provincial Development and Reform Commission before August 11, 2023. Email: jsfgwzhc@163.com , phone number: 025-83390174.

Several Policy Measures to Promote the Continuous Recovery of the Provincial Economy and Help High Quality Development Continue to Lead the Way

Increase financial and tax support. Taxpayers in the accommodation, catering, cultural and entertainment, transportation, tourism, retail, and warehousing industries, as well as small-scale value-added tax taxpayers, are temporarily exempt from property tax and urban land use tax in the first half of 2023, which will continue until December 31, 2023. From January 1, 2023 to December 31, 2024, the portion of the annual taxable income of small and micro profit enterprises that does not exceed 1 million yuan shall be reduced by 25% and included in the taxable income, and the enterprise income tax shall be paid at a rate of 20%. For individual industrial and commercial households whose annual taxable income does not exceed 1 million yuan, personal income tax will be reduced by half on the basis of current preferential policies. All industry enterprises that meet the conditions that actually incurred research and development expenses in their R&D activities, which did not form intangible assets and were included in the current period's profit and loss, shall deduct them based on the actual amount according to regulations, and from January 1, 2023, deduct 100% of the actual amount before tax; From January 1, 2023, intangible assets formed shall be amortized at 200% of the cost of intangible assets before tax. Implementing value-added tax deduction for industrial mother machine enterprises allows for a deduction of 15% of the current input tax payable by the enterprise against the value-added tax payable. The expenses invested by enterprises in non-profit scientific and technological research and development institutions, universities, and government natural science funds for basic research can be deducted before tax based on the actual amount incurred when calculating the taxable income, and can be added and deducted 100% before tax. From January 1, 2023 to December 31, 2027, urban land use tax will be levied at a reduced rate of 50% of the applicable tax standard for the land level of bulk commodity storage facilities owned or leased by logistics enterprises. Research and formulate fiscal policies to support the development of platform economy.

Boost and expand consumption. Carefully organize the "Su Xin Consumption" Four Seasons Shopping Festival, support the "One City, One Theme" characteristic brand activities, encourage various regions to create characteristic consumption scenes, and cultivate and recognize about 8 provincial-level demonstration pedestrian streets. Organize a new round of demonstration and creation of time-honored brands, and identify about 10 provincial-level county-level e-commerce industry clusters. Implement residential electricity prices for public charging and swapping facilities of new energy vehicles in residential areas, and implement peak valley time of use electricity prices for charging and swapping facilities that implement industrial and commercial electricity prices. Carry out the promotion of green products to rural areas, improve the three-level express delivery and logistics distribution system in counties and villages, and support the construction and transformation of county-level logistics distribution centers and township logistics stations. Fully implement the paid vacation system, encourage staggered vacations and flexible schedules, promote holiday consumption, strengthen regional tourism brand and service integration, and actively organize cultural and tourism consumption promotion activities.

Encourage local governments to distribute consumption vouchers, digital RMB red envelopes, and cash subsidies based on actual conditions. Support the cultivation of merchants above the quota within the commercial complex, and provide rewards and subsidies based on the number of newly added units for commercial complexes that meet the top 10 sales figures of enterprises above the quota in the first three quarters. Among them, if there are more than 15 newly added statistical units, each complex will receive a subsidy of 1 million yuan; Newly added 10-15 companies will receive a subsidy of 500000 yuan per complex; Newly added 5-10 companies will receive a subsidy of 300000 yuan per complex. Support the holding of car exhibitions to expand car sales, and provide relevant expense subsidies to participating companies for the top 10 car exhibition sales activities from August to November that meet the conditions. Among them, for those with sales exceeding 1.5 billion yuan, each activity supports 2 million yuan; For sales of 1-1.5 billion yuan, each activity supports 1 million yuan; For sales of 500 to 1 billion yuan, each activity supports 500000 yuan, which is used to subsidize the actual payment expenses of automobile sales enterprises such as exhibition venue fees and construction fees.

Support the demand for rigid and improved housing. Support local governments to adjust restrictive real estate policies in a timely manner based on urban policies, and comprehensively adopt methods such as housing subsidies, housing ticket placement, and group buying to better meet the rigid and improved housing needs of residents. Implement policies such as reducing the down payment ratio and loan interest rate for purchasing the first home, reducing the tax and fee for purchasing improved housing, and supporting local governments to increase the amount of housing provident fund loans for personal loans. Guide commercial banks to lawfully and orderly adjust the interest rates of existing personal housing loans. Further leverage the role of special residential maintenance funds in the renovation of old residential areas and the renovation of old residential elevators, and continue to support urban residents in extracting housing provident fund for the installation of elevators and other self occupied housing renovations.

Focus on expanding effective investment. Develop and introduce measures to promote the development of private investment, focusing on boosting confidence in private investment. List the existing problems in the promotion of major projects, optimize the project approval process and timing, and discuss potential gaps through "one policy, one item" discussions. During the transition period before the approval of the overall land and space planning of cities and counties, it is allowed for various regions to advance part of the planned space scale to ensure the land demand for major industrial projects, major livelihood projects, major water conservancy projects, major energy infrastructure, etc. Currently, villages classified as relocation and merger villages or other ordinary villages need to be constructed. If it is necessary to implement construction, the county government can issue a commitment to adjust them to planning and development villages, and then prepare practical village plans that comply with multiple regulations. Further optimize the quota supply of forest land, fully guarantee major projects in the province, key projects in transportation and water conservancy, and military related projects, and give priority to major projects in cities and counties.

By eliminating outdated production capacity, renovating energy-saving technologies, and vigorously developing renewable energy, we will ensure the energy demand of strong chain supply and extension projects. For major projects at or above the provincial level, the project environmental impact assessment commitment system approval can be implemented on the premise that the local government promises to fulfill the source of the total pollution discharge quota and improve the regional environmental quality. For areas with high environmental quality or improvement rates, a certain amount of total pollutant discharge quota reward will be given to ensure the construction of major projects.

Make good use of national policy oriented development financial tools, support local eligible projects to apply for local government special bonds as capital, encourage relevant financial institutions to increase their support for supporting financing of infrastructure fund investment projects, and formulate personalized project funding plans. Encourage project legal persons and project investors to actively strive for national structural financial instruments, and raise project capital through multiple channels such as issuing equity and equity financial instruments.

Make greater efforts to promote stability and quality improvement in foreign trade. We will implement five projects for cross-border e-commerce, comprehensively promote the construction of 13 comprehensive pilot zones for cross-border e-commerce, add more than 10000 cross-border e-commerce export online stores in 2023, and strive to increase the underwriting scale of China Export Credit Insurance Company Jiangsu Branch for cross-border e-commerce business in the province by 20% compared to the previous year. Continuously expanding the underwriting scale and coverage of export credit insurance, striving to support foreign trade exports of no less than 100 billion US dollars by the Jiangsu branch of China Export Credit Insurance Company in 2023, serving no less than 20000 enterprises in the province, underwriting the new energy industry chain with a scale exceeding 8 billion US dollars, and increasing the underwriting scale by 20% compared to the previous year for national level specialized and innovative "little giant" enterprises, manufacturing champion enterprises, and other enterprises. Cross border e-commerce retail export enterprises that meet the conditions within the comprehensive trial zone will be subject to tax refunds with invoices and tax exemptions without invoices, and a trial enterprise income tax will be levied at a taxable income rate of 4%.

To provide practical training on new trends in target market demand, digital marketing management, and precise placement of professional buyers for enterprises, enhance their market expansion capabilities, and strive to add 5000 foreign trade enterprises with import and export performance. Improve the contact service mechanism for foreign trade enterprises, coordinate with provinces, cities, and counties to carry out hierarchical assistance. Provincial-level foreign trade enterprises with an annual increase in exports of more than 5 billion yuan, and cities and counties provide one-on-one services to foreign trade enterprises with an annual increase in exports of more than 1 billion yuan, timely coordinating and solving the problems and difficulties faced by enterprise production and operation. Actively developing green trade and increasing the tilt of green electricity resources towards key foreign trade enterprises.

Make greater efforts to attract and utilize foreign investment. Support foreign investment in establishing research and development centers. Accelerate the pilot program for qualified overseas limited partners and support direct domestic investment with the raised overseas RMB. Encourage various regions to develop special incentive policies for QFLP pilot projects, and connect with fund management institutions and equity investors through multiple channels. Support foreign-funded enterprises to rely on various vocational colleges and training institutions to carry out key industries and urgently needed vocational skills training. For key foreign-funded projects that comply with industrial policies, have an annual total investment of no less than 50 million US dollars, and have paid a registered capital of no less than 10 million US dollars in cash annually, they may apply for the use of provincial-level energy consumption indicators in accordance with regulations. If it is necessary to add construction land, the provincial-level land use indicators shall be arranged uniformly; Guide various regions to coordinate the use of total pollutant emission indicators, prioritize project guarantees, and implement pollutant reduction and prepayment plans. The reduction and prepayment plan should be implemented before the project is put into operation.

Improve the convenience of entry, exit, and residence permits. Foreign personnel invited by foreign-funded research and development centers who require multiple temporary entries are allowed to apply to the public security exit and entry management department for a replacement of a multiple visa with a validity period of no more than 1 year and a stay period of no more than 180 days. Foreign R&D centers are allowed to apply for port visas for foreign nationals who are invited to enter China for emergency business purposes and do not hold a visa to China in accordance with the law and regulations. Foreign R&D centers are allowed to apply for work residence permits with a validity period of no more than 5 years for foreign team members on a team basis, based on work permits and unit letters, in accordance with the law and regulations, to provide convenience for overseas talents to stay in China for long-term and permanent residency. Support eligible foreign R&D center overseas high-level personnel to apply for residence permits for Jiangsu Province's overseas high-level talents. Strengthen the guarantee of entry and exit services for enterprises to participate in overseas exhibitions, attract investment, and foreign business personnel to come to Jiangsu for procurement and negotiation, and accelerate the processing speed of APEC business travel cards.

Support the innovative development of the biopharmaceutical industry. Coordinate the existing provincial special funds for enterprises to support the development of the biopharmaceutical industry. Adjust and optimize industrial support policies, focus on key aspects of innovation and research and development, increase support, promote fiscal support policies that are available without application, increase incentives for clinical research, and support enterprises in expanding into international markets. Increase the investment of provincial government investment funds in the biopharmaceutical industry, support the cultivation of start-up enterprises, and create leading enterprises with international influence and driving force.

Promote the strengthening, supplementation, and extension of the industrial chain. Integrate provincial industrial development investment funds, expand the scale of provincial strategic emerging industry investment funds, establish future industrial development guidance funds, amplify the effect of special funds for industrial transformation and upgrading, and focus on investing in strategic emerging industries and future industries with development foundations. Increase support for industrial infrastructure reconstruction projects and major technological equipment research projects, and raise the upper limit of support to 40 million yuan. Support investment in equipment upgrading and renovation for enterprises, and guide government investment funds to increase their investment efforts. Support key industrial Internet platforms and cloud service providers to provide SMEs with digital transformation diagnosis and digital solutions. For the "smart transformation and digital conversion" projects implemented through bank loans, the provincial finance department will provide interest subsidy support at a certain proportion of the latest one-year loan market quoted interest rate of the bank.

Enhance technological innovation capabilities. Develop a catalog of new technologies and products that will be promoted and applied in the province, and promote the first purchase and use of the first major equipment, first version software, and first batch of new materials. Strengthen and optimize the supply of science and technology innovation finance, and regularly hold special docking meetings for the deep integration of science and technology finance. Encourage regions with conditions to establish angel investment funds to support the development and growth of technology-based enterprises in the seed and start-up stages. Encourage financial institutions to increase their investment in credit loans for technology-based enterprises, appropriately increase their tolerance for non-performing loans, and provide a special credit of 210 billion yuan for key technology fields in 2023.

Increase support for private small and medium-sized enterprises. Support banking institutions to fully transmit the downward effect of LPR to loan interest rates, and further expand the scope of loan support for small and medium-sized enterprises. Actively strive for structural monetary policies such as supporting small loans and rediscounting, and promote the expansion and increment of policy oriented and commercial inclusive financial products. Steadily expanding the coverage and scale of government bank cooperation products supported by the provincial inclusive financial development risk compensation fund, increasing the loan scale of the special fund for relieving difficulties, increasing production and efficiency for small and medium-sized enterprises in the province to 20 billion yuan, and coordinating provincial financial funds to provide certain subsidies. Encourage government guarantee agencies to provide credit enhancement support for small and micro business entities to renew loans without repayment of principal in accordance with the requirement of "payment upon sight". Encourage local financial organizations to provide reasonable support for the funding needs of small and micro enterprises. For private enterprises facing temporary operational difficulties, we support various types of creditor financial institutions to reasonably lower loan interest rates under the premise of legality, compliance, and controllable risks, and exempt them from penalty interest, interest, penalty fees, and other expenses incurred due to overdue interest. Fully leverage the role of the provincial comprehensive financial service platform, further optimize financing business and various policy products, and strive to achieve a platform matching financing scale of 800 billion yuan throughout the year. Encourage local governments to combine actual situations and achieve full coverage of their own compensation fund pool.

Implement policies to support government procurement for small and medium-sized enterprises, guide them to comprehensively utilize measures such as overall reservation, establishment of procurement packages, consortium bidding, and price deductions, promote the participation of small and medium-sized enterprises in procurement activities, and support local governments to increase the proportion of procurement for small and medium-sized enterprise products and services. The policy of increasing the reserved share of goods, services, and engineering projects worth over 4 million yuan for small and medium-sized enterprises to over 40% in a phased manner will continue until December 31, 2023. Promote the expansion and increment of online contract credit financing for government procurement through "government procurement loans", and build an electronic performance guarantee insurance platform for government procurement.

Strengthen the function of the capital market. Support enterprises to fully utilize various levels of capital markets, and promote high-quality enterprises of different ownership types, sizes, and development stages to use tools such as listing, issuing bonds, asset securitization, and REITs for financing. Support conditional financial institutions to reduce commission rates. Support the application system and business innovation pilot of Jiangsu Stock Exchange Center, leverage the advantages of the national stock transfer system and the direct linkage mechanism of the Beijing Stock Exchange, and support eligible "specialized, refined, unique, and new" enterprises in the province to be listed. Encourage subsidiaries, insurance institutions, trust companies, and other commercial banks with investment functions to invest in venture capital funds and government industry funds, and encourage private equity and venture capital funds to invest in early and small investments in technology and growth.

Focus on stabilizing employment and promoting income growth. Implement and optimize policies and measures to stabilize employment. Vigorously develop industries with high employment capacity and encourage entrepreneurship to drive employment. Establish a sound mechanism for reasonable wage growth and gradually increase the proportion of labor remuneration in initial distribution. Adjust the minimum wage standard in a timely and moderate manner. Give full play to mechanisms such as minimum wage, collective wage negotiation, and wage guidance lines, increase the income of low-income individuals, and explore effective ways to promote income growth for residents.

Promote the urbanization of agricultural transfer population in an orderly manner. The province has completely lifted the policy of household registration restrictions and implemented a household registration system based on the place of habitual residence to ensure that the standards for rural migrant workers from other regions and local areas to settle in cities are unified. The urban areas of Nanjing and Suzhou will further improve the point based household registration policy, ensuring that the proportion of social security payment years and continuous residence years is the main proportion. It is encouraged to differentiate the main urban area, suburbs, new areas, and other areas based on the comprehensive carrying capacity and functional positioning of the city, and formulate household registration policies according to classification.

Continuously reduce corporate fees. Before December 31, 2024, the advertising and cultural industry construction fees in the local area shall be reduced by 50%. Optimize and improve the pricing policies for public resource trading services, cancel the fees for mining rights trading and land use rights rental trading services, reduce the fees for construction projects, water conservancy projects, land use rights transfer, and mortgage, and some state-owned property rights trading service fees. Reduce the fees for entry trading services for small and medium-sized enterprises by 80%.

Promote inclusive and prudent supervision. Promote administrative compliance guidance in key areas, formulate administrative compliance guidance lists, exemption and light punishment lists, and administrative discretion benchmarks, and guide enterprises to carry out compliance rectification. For business entities in the field of market supervision who are suspected of engaging in illegal activities with significantly minor circumstances or have no obvious social harm, and there is no possibility of evidence damage, harm occurring or danger expansion, administrative coercive measures shall not be implemented on property related to their illegal activities. For leading enterprises in green development, those included in the positive list of ecological environment law enforcement, and those that have installed and connected online monitoring and control equipment in accordance with regulations, except for special actions approved by the Ministry of Ecology and Environment and the Provincial Department of Ecology and Environment, suspected abnormal operation of pollution control facilities or monitoring and control equipment, falsification of monitoring and control data, occurrence of sudden environmental incidents, and on-site verification of petitions and complaints, the ecological environment department will not conduct on-site law enforcement inspections.

Optimize and improve the efficiency of government services. Improve the communication mechanism between government and enterprises, and improve the mechanism for soliciting opinions from entrepreneurs in formulating policies related to enterprises. Research and formulate implementation opinions and 20 data implementation opinions to support the development and growth of the private economy. Further streamline the channels for reflecting corporate demands and improve the mechanism for responding to corporate demands. Actively strive for pilot projects in the business environment, create a friendly and clean relationship between government and business, and effectively achieve the goal of "no disturbance, no response", enhancing the sense of gain and satisfaction of the people and various business entities.

Strengthen the legal guarantee for high-quality development. Protect the property rights of enterprises and entrepreneurs in accordance with the law, prevent and correct the use of administrative or criminal means to intervene in economic disputes, as well as local protectionism in law enforcement and judiciary. Further standardize mandatory measures related to property rights, avoid exceeding authority, scope, amount, and time limit to seal, seize, and freeze property. For business related property that is not suitable for seizure, seizure, or freezing, while ensuring the normal conduct of investigation activities, relevant parties may continue to use it reasonably and take necessary measures to preserve and preserve it. For listed companies, leading enterprises, livelihood enterprises, and high-precision enterprises with minor criminal offenses and minimal harm, if they have undergone compliance rectification and can be subject to administrative punishment or not, administrative punishment may not be imposed. If they constitute a crime, suggestions for leniency may be proposed when transferring them to the procuratorial organs. For business operators, managers, and key technical personnel who are suspected of committing crimes but have minor circumstances and do not need to be sentenced or exempted from punishment according to the provisions of the Criminal Law, and actively confess and repent, they may not take detention coercive measures in accordance with the law. Properly adjudicate contract disputes related to the transfer, licensing, and cooperative development of intellectual property rights in accordance with the law, accurately determine the effectiveness and responsibility of contracts, and promote a rapid dispute review mechanism.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【