(Fighting against New Coronary Pneumonia) China's economic war "epidemic" record: How should the bottom line of the people's livelihood of the nation's residents per capita disposable income fall?
China News Agency, Beijing, April 17 (Reporter Chen Su) According to data released by the National Bureau of Statistics of China on the 17th, in the first quarter, the national disposable income per capita was 8561 yuan (RMB, the same below), a nominal increase of 0.8% year-on-year, deducting The price factor actually fell by 3.9%.
Lian Ping, chief economist and director of the research institute of Zhixin Investment, said in an interview with a reporter from China News Agency that the decline in income during the epidemic was within expectations, and a large number of business activities stopped. Many companies faced difficulties and it was difficult to pay the full amount. In addition, wages increased significantly in the first quarter, with consumer prices rising by 5.3% nationwide from January to February, and falling to 4.3% in March. Due to the influence of price factors, the actual income of residents has dropped significantly.
Experts said that the decline in residents' income affects China's economic and social situation and must be highly valued.
Zuo Xiaolei, a special researcher in the State Council ’s Counselor ’s Office and former chief economist at Galaxy Securities, said that China ’s exports fell by 11.4% in the first quarter. With the spread of the global epidemic and the world economic recession, China ’s exports are unlikely to recover quickly. Can rely on domestic consumption and investment. If the income of working-class and migrant workers continues to decline, consumption prospects will not be optimistic, and investment expectations will also be affected, which will drag on the entire Chinese economy.
Lian Ping said that the first quarter's decrease in residents' income was particularly obvious in some industries, such as catering, movie theaters, civil aviation, etc. Some industries related to domestic demand will improve as domestic demand recovers, but industries related to external demand will continue Pressure, such as labor-intensive industries other than the production of medical protective equipment, will be greatly impacted as foreign orders shrink significantly.
It is worth noting that, compared with the decline in the income of urban residents (actual decline of 3.9%), the decline in the income of rural residents in China is more obvious. In the first quarter, the per capita disposable income of rural residents was 4,641 yuan, a real decrease of 4.7%. The main source of farmers' income increase is non-agricultural income. At present, migrant workers are mainly engaged in service industries or labor-intensive industries in cities, and these industries are deeply affected by the epidemic.
How can we live up to the bottom line of people's livelihood and realize the recovery of Chinese residents' income?
Jia Kang, chief economist of the China Academy of New Supply Economics, said that first of all, under the premise of consolidating the results of the "epidemic", we should pay close attention to resuming work and resuming production to restore the economy. For low-income groups, a variety of assistance methods should be used together. First, explore more effective measures based on existing rules and regulations, such as expanding the coverage of minimum living security, realizing full coverage, and further improving the unemployment relief system. In the past, China has accumulated a considerable number of The balance of the unemployment insurance fund rolls over. Now it ’s time to use the money. The second is to continue to take some temporary measures, such as helping the poor and guiding them with consumer coupons.
Lian Ping said that targeted measures should be taken to bail out the enterprises, focusing on labor-intensive, low-end processing enterprises in the industrial chain, small and medium-sized micro enterprises, private enterprises and other enterprises that face difficulties in paying wages and loans. These industries are sorted out to support tax reductions and financial subsidies. At the same time, financial institutions provide more concessions, guide social capital to participate, form a concerted effort, and take the bottom line.
Zuo Xiaolei said that due to the current decline in international trade, many companies have no gains even after resuming production, which leads to unemployment and lower incomes. They must implement policies and ensure that the policies are "used on the cutting edge." Fiscal policy should avoid the inundation of "everyone's share", and should really help those really difficult enterprises so that workers can return to their jobs and earn income. Monetary policy needs to be of supportive significance in a special period. At the same time, it should break through fixed thinking and innovative channels, and benefit the SMEs in a precise and accurate manner. You can consider operating policy funds through Internet banking to achieve the effects that traditional banks cannot achieve.
Regarding the future prospects of Chinese residents' income, Lian Ping said that after entering the second quarter, with the advancement of resumption of production and production, and with the release of demand, the income status of many industries will be improved and income will increase positively.
According to data released by the Ministry of Industry and Information Technology of China on the 16th of this month, as of April 14th, the average operating rate of industrial enterprises above designated size in China has reached 99%, and the rate of reinstatement of personnel has reached 94%. Is 84%. The prospects for the recovery of Chinese residents' income growth are expected. (Finish)