On the morning of September 20, the State Council Information Office held a regular briefing on State Council policies to interpret the economic situation and policies and answer reporters’ questions.
Cong Liang, deputy director of the National Development and Reform Commission, introduced that since August, in the face of difficult challenges such as insufficient momentum for world economic recovery and domestic cyclical structural contradictions, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, All relevant parties have continued to optimize a number of phased policies, researched and introduced a number of highly targeted new measures, and actively planned a number of reserve policies. They have systematically launched a set of policy "combinations" to effectively stabilize growth, increase confidence, and prevent risks. Continue to consolidate the positive momentum of my country's economic recovery. There are several main aspects:
First, strengthen the implementation of macro policies. As of the end of August, the investment within the central budget has basically been allocated, and the newly issued local government special bonds accounted for about 80% of the annual quota. The supply of base money has increased, the total amount of credit continues to expand, and the deposit and loan market interest rates have decreased, effectively maintaining reasonable liquidity. Sufficient, promoting the continued recovery of both supply and demand.
The second is to continue to optimize a number of phased policies. On July 31, the State Council executive meeting clarified the follow-up arrangements for the phased policies due this year and next. Since August, various departments have accelerated implementation, including tax concessions for small and micro enterprises and individual industrial and commercial households, and loan support plans for guaranteed housing, etc. The policy has been extended and optimized.
The third is to study and introduce a number of highly targeted new measures. Focusing on the key and difficult problems in economic operation, a number of new policies and measures that are pragmatic and effective have been launched one after another. For example, in terms of supporting the development of the real economy, policies such as super deduction of value-added tax for advanced manufacturing enterprises, increasing the super deduction ratio of research and development expenses of some enterprises, and supporting the financing of technology-based enterprises are implemented; for example, in terms of supporting the development of the private economy, policies such as accelerating the We will implement 31 policies and 28 recent measures to promote the development and growth of the private economy, and further mobilize the enthusiasm of private investment by promoting projects and clearing channels for reporting problems. At the same time, we should adapt to the new situation of major changes in the supply and demand relationship in my country's real estate market, promote the implementation of "recognizing houses but not loans", adjust and optimize differentiated housing credit policies, and reduce the interest rates of existing first-home housing loans to better meet the rigidity and needs of residents. Improved housing needs.
The fourth is to plan and launch a number of reserve policies. In response to changes in the economic situation, we will carry out policy pre-research and reserve on a regular basis and promote the timely introduction and implementation of reserve policies. At present, many reserve policies have been introduced to promote the sustained economic recovery, including raising the special additional deduction standard for personal income tax and the minimum wage standard in some areas, promoting large-scale consumption such as automobiles, and orderly expanding the issuance scale of real estate investment trust funds in the infrastructure field. wait.
Facts have fully proved that the decision-making arrangements of the Party Central Committee and the State Council are correct and the macro-control policies are effective. As the effects of the policy combination continue to emerge, the growth rate of industrial added value above designated size and total retail sales of consumer goods recovered in August, the decline in imports and exports narrowed, consumer prices turned from falling to rising, and industrial producer prices and corporate profits fell. It continues to narrow, the national urban surveyed unemployment rate has fallen slightly, the manufacturing PMI has continued to pick up, positive factors in economic operation are accumulating, bright spots are increasing, and social expectations have improved.
It should be noted that after three years of epidemic, China's economic operation will still be affected by various internal and external factors, and economic recovery will inevitably be a process of wave-like development and tortuous progress. At present, there are indeed many difficulties and challenges in my country's economic operation, but when looking at China's economic development, we must look at history, present and future, and look at the general trend and trends. Looking back at history, even in the face of the huge impact of the Asian financial crisis in 1998 and the international financial tsunami in 2008, China's economy not only stood firm, but also grew stronger and stronger in response, and continued to leap to new levels; it can be said that the stronger the storm, the greater the impact. The more it demonstrates the strong resilience of the Chinese economy, I believe that as long as the whole country is united and as long as we insist on doing our own thing well, there will be no obstacles that China cannot overcome in its development. Looking to the future, with the combined efforts of existing and incremental policies, policy effects continue to accumulate, and positive factors continue to increase, we have every reason to believe that our country's economy will rebound and improve in the long term. At present, there are a lot of noises from inside and outside that are bearish on China and badmouth China. What I want to say is that this argument has never been realized in the past, and it is destined to not be realized now and in the future.