The Politburo of the Central Committee of the Communist Party of China convened a meeting on April 17, and General Secretary Xi Jinping chaired the meeting. The meeting made arrangements for the normalization of epidemic prevention and control work and current economic work. On the same day, the national economic data for the first quarter was released, and all circles paid close attention to China's economic situation and trend. "The impact of the greater macro-policy efforts to hedge the epidemic" and "firm implementation of the strategy to expand domestic demand" sent many important signals at this meeting.
On March 29, Xi Jinping inspected and investigated Zhejiang. This is Xi Jinping's Chuanshan Port Area in Zhoushan Port, Ningbo. Xi Jinping hopes that they will work hard to overcome the impact of the epidemic and strive for excellent results. Xinhua News Agency reporter Ju Pengshe
1. Make progress with stability, stability is the big picture! First proposed "six guarantees"
The first quarter of this year was extremely unusual, and the sudden new coronary pneumonia epidemic had an unprecedented impact on China's economic and social development. Under the strong leadership of the Party Central Committee, the people of the whole country are united and fighting tenaciously. In the normalization of epidemic prevention and control, economic and social operations have gradually become normal, and the order of production and life has been quickly restored.
The Politburo meeting emphasized that the challenges facing the current economic development are unprecedented. It is necessary to fully estimate the difficulties, risks and uncertainties, effectively enhance the sense of urgency, and do a solid job in economic and social development.
The meeting proposed that we should coordinate the promotion of epidemic prevention and control and economic and social development, and under the premise of normalization of epidemic prevention and control, adhere to the general tone of progress in stability.
How to understand? First of all, stability is the overall situation. It is necessary to ensure that the epidemic does not rebound, stabilize the economic fundamentals, and support the bottom line of people's livelihood.
Second, we must actively make progress on a stable basis, comprehensively promote the resumption of production and production in the normalization of epidemic prevention and control, restore normal economic and social order, cultivate and grow new growth points, and firmly grasp the development initiative.
The meeting first proposed the "six guarantees": guaranteeing residents' employment, ensuring basic people's livelihood, protecting market players, ensuring food and energy security, ensuring stable supply chains in the industrial chain, and maintaining grassroots operations.
2. For the first time proposed "to impact the epidemic with greater macro-policy efforts"
Since the epidemic occurred, Xi Jinping has repeatedly stressed that it is necessary to strengthen economic operation and dispatch to minimize the impact of the epidemic on the economy.
On February 23, Xi Jinping proposed at the deployment meeting to coordinate the promotion of the prevention and control of the new coronary pneumonia epidemic situation and economic and social development that macro-policy adjustment should be strengthened. He emphasized that macro-policy focuses on counter-cyclical adjustment, and the rhythm and intensity must be able to hedge the epidemic, prevent economic operations from sliding out of a reasonable range, and prevent short-term shocks from becoming trendy changes. Since then, the central government has successively issued a series of related policies.
At present, China's economy is showing great resilience, and the resumption of production and production is gradually approaching or reaching normal levels, responding to the outbreak of the situation and promoting the rapid development of many new industries and new formats.
The Politburo meeting for the first time proposed "to impact the epidemic with greater macro-policy efforts." There will be new changes in active fiscal policy and prudent monetary policy.
On the one hand, an active fiscal policy should be more proactive, raise the deficit rate, issue special anti-epidemic government bonds, increase local government special bonds, improve the efficiency of fund use, and truly play a key role in stabilizing the economy.
On the other hand, a sound monetary policy needs to be more flexible and appropriate, using means such as RRR cuts, interest rate cuts, and re-loans to maintain reasonable and sufficient liquidity, guide the loan market interest rate to fall, and use funds to support the real economy, especially small and medium-sized enterprises.
3. Put the expansion of domestic demand in a more important position, and propose to support enterprises to export to domestic sales
The Politburo meeting clearly stated that we must firmly implement the strategy of expanding domestic demand. Expanding domestic demand has been placed in a more important position.
How to expand domestic demand? The meeting made a series of arrangements, several of which deserve special attention.
Regarding the release of consumption potential, the meeting proposed to do a good job in resuming production, resuming business and resuming the market, expand residents' consumption, and appropriately increase public consumption.
In terms of actively expanding effective investment, the meeting proposed to implement the transformation of old communities, strengthen investment in traditional infrastructure and new infrastructure, promote the transformation and upgrading of traditional industries, and expand investment in strategic emerging industries. At the same time, we must mobilize the enthusiasm of private investment.
The meeting also made it clear that it is necessary to support enterprises to export to domestic sales. Since the outbreak, this statement was the first to be seen in this conference draft.
4. Once again reiterate that "housing and housing are not speculation" to promote the stable and healthy development of the real estate market
The Central Economic Work Conference held at the end of last year put forward that when deploying economic work in 2020, we must insist on the positioning of houses for living, not speculation, and fully implement the long-term effects of city-based policies, land prices, housing prices, and expectations. Manage regulatory mechanisms to promote the steady and healthy development of the real estate market.
Since the outbreak, the macro-economy has been impacted, and there are many speculations about whether real estate will be used as a short-term stimulus to the economy.
In early March, the People ’s Bank of China, in conjunction with the Ministry of Finance and the China Banking and Insurance Regulatory Commission, held a symposium on financial support for epidemic prevention and control and economic and social development. "Means" requires the continuity, consistency and stability of real estate financial policies.
The Politburo meeting emphasized that it is necessary to insist on the positioning of houses for living, not for speculation, and promote the stable and healthy development of the real estate market. The central government once again reiterated that "the housing is not speculated", giving the current market expectations a "reassurance".
(People's Daily client Yue Xiaoqiao)