Revealing the four major policy "wind directions" for the second half of the year, with multiple departments speaking out intensively | intensity | wind direction
Recently, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Industry and Information Technology and other departments have made intensive voices, releasing positive signals of strengthening macro-policy control, stabilizing growth and stabilizing expectations. Especially in the four aspects of expanding investment, promoting consumption, developing science and technology, and stabilizing employment, many departments have revealed the policy trends that will focus on the second half of the year.
Further expand the scope of private investment access
National Bureau of Statistics data show that in the first five months of this year, the country's fixed asset investment increased by 4.0. Infrastructure investment grew by 7.5 per cent, but at a slower rate than before.
Many departments clearly put forward, to "actively expand effective investment". For example, the Ministry of Transport mentioned that since the beginning of this year, transportation investment has been operating at a high level, which has provided a strong guarantee for promoting economic recovery. The next step is to make policy reserves and do everything possible to stabilize the "basic market" of transportation investment ".
Zheng zhajie, director of the national development and Reform Commission, proposed to optimize the investment structure within the central budget, concentrate on major, difficult and urgent matters, vigorously and orderly promote the construction of 102 major projects in the 14th Five Year Plan; remove the institutional barriers restricting private enterprises' fair participation in market competition, and further expand the scope of private investment access, We will encourage and attract more private capital to participate in the construction of major national engineering projects and short board projects.
Ning Jizhe, deputy director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference and deputy director of the China International Economic Exchange Center, believes that it is necessary to persist in promoting private investment and the implementation of major policies and policies for private enterprises as soon as possible. In view of the decline in the investment field and the lag in the industrial field, we should put the modern industrial system in an important position, combine the digital economy with the real economy, promote the development of low-carbon and green economy, and attract social investment.
Formulate policies to restore and expand consumption
Judging from the recent deployment of many departments, bulk consumption is still the focus of boosting consumption in the second half of the year, and a number of policies to restore and expand consumption will be introduced as soon as possible.
The National Development and Reform Commission has made it clear that it will promptly formulate policies to restore and expand consumption, continue to improve the consumption environment, and release the potential of service consumption; stabilize automobile consumption, accelerate the construction of charging piles, energy storage and other facilities and the transformation of supporting power grids, and vigorously promote new energy vehicles Go to the countryside.
Shu Jueting, a spokesperson for the Ministry of Commerce, also mentioned that a series of policies and measures to support the restoration and expansion of consumption will be promoted. At the same time, based on the positioning of business functions, focusing on promoting the high-quality development of the automobile, home, brand consumption and catering industry, we will introduce targeted supporting measures to enhance the combination, coordination, and effectiveness of policies, and implement them.
"Consumption is already the primary driver of China's economic growth." Lian Ping, chief economist of plant credit investment and President of the Research Institute, believes that the central government should increase transfer payments and support local governments to issue larger consumption subsidies, such as shopping vouchers, car purchase subsidies, house purchase subsidies, etc.; the establishment of consumer refinancing can be explored, and the interest rate of refinancing can be set below 1.75, so as to support banks to significantly reduce the interest rates of credit loans, decoration loans and car loans, Increase the investment of consumer loans and improve the availability of residents' funds, stabilize residents' expectations and reduce the level of defensive savings.
"Specialized and special new" SME listing and cultivation project will be implemented
Continuously increasing support for scientific and technological innovation is the focus of policy in the second half of the year.
Xu Xiaolan, Vice Minister of the Ministry of industry and information technology, revealed that the next step will be to promote the development of "specialization, specialization and innovation", cultivate more high-quality small and medium-sized enterprises, guide the accumulation of innovation resources to small and medium-sized enterprises, promote the collaborative innovation and development of large and medium-sized enterprises, and effectively enhance the core competitiveness of small and medium-sized enterprises.
In terms of broadening financing channels for small and medium-sized enterprises, the Ministry of Industry and Information Technology will further guide financial institutions to increase support for small, medium and micro enterprises, and promote a continuous increase in the proportion of credit loans, first loans and medium and long-term loans. We will carry out the "one chain, one policy, one batch" financing promotion action for small, medium and micro enterprises, implement the "specialized, special and new" SME listing and cultivation project, improve the financing guarantee, fee reduction and subsidy policy, and give full play to the policy guidance role of the National SME Development Fund to promote SME financing.
The Monetary Policy Committee of the People's Bank of China has made it clear that it will continue to increase support for key areas and weak links of the national economy such as green development and technological innovation, and implement the action plan to increase support for the financing of technology-based enterprises. The Ministry of Finance has implemented the policy of increasing the pre-tax deduction of research and development expenses for enterprises in eligible industries from 75 per cent to 100 per cent as a long-term institutional arrangement.
According to Mao Zhenhua, co-director of the Institute of Economics of Renmin University of China and chief economist of China Chengxin International, the current Internet of Things, big data, new materials, new energy and other emerging technologies have a strong ability to integrate with the manufacturing industry. Opportunities to promote the digital transformation of the manufacturing industry. For manufacturing enterprises that are in the middle and lower reaches and do not have financial advantages, it is necessary to increase financial support, such as improving the quality and level of service in the field of supply chain finance.
Launching the Youth Employment Service Tackling Action
In the second half of the year, multi-sector will also introduce a package of initiatives around stable employment.
Recently, the Ministry of Human Resources and Social Security issued a notice to deploy and launch the 2023 youth employment service action for college graduates. By the end of July, the provincial human resources and social security department will connect with education departments and colleges and universities to complete the transfer of information on unemployed graduates. Establish a support account for the 2023 unemployed graduates.
Wang Xiaoping, Minister of Human Resources and Social Security, said that we must pay close attention to the implementation of policies, unblock employment policy application channels, leverage more market-oriented job development, and steadily expand the scale of policy-oriented jobs; we must pay close attention to the implementation of services and fully implement the real-name employment service, Implement "one person, one file" and "one person, one policy" precise assistance to graduates in difficulties to ensure that employment services are continuous and around; pay close attention to rights protection, we will crack down on illegal activities such as false recruitment, intermediary chaos, and training loans in accordance with the law, and earnestly safeguard the legitimate rights and interests of college graduates and other young people.
Recently, the national development and Reform Commission has made research and deployment on strengthening the work of increasing residents' income, requiring local development and reform departments to strengthen the work of stabilizing employment, give full play to the role of mechanisms such as minimum wage, collective wage negotiation and wage guidance line, strengthen the support and assistance of key groups, increase the income of low-income people, and actively explore effective ways to increase residents' income.
"The employment of young people should be dealt with as a stand-alone project, rather than as an extension of other growth stabilization measures, I .e., there should be new and specific solutions for young people's employment, and some new work-for-work programs should be set up specifically for college students. In addition, fiscal spending on unemployment benefits, unemployment insurance and social safety net assistance should be taken to a higher level." Liu Yuanchun, president of Shanghai University of Finance and Economics, said.
