Recently, the National Development and Reform Commission, the Ministry of Finance and other ministries and commissions have intensively spoken out. While comprehensively expounding the resilience and flexibility of the Chinese economy, they also revealed many policy signals: a series of policies involving stable investment, promotion of consumption, and employment protection will be accelerated in the second half of the year. Introduced.
A batch of stable investment projects will accelerate
Data show that in the first half of the year, national fixed asset investment fell by 3.1% year-on-year, but the rate of decline narrowed month by month, and the trend of investment recovery was further manifested.
Yuan Da, director of the Policy Research Office and spokesperson of the National Development and Reform Commission, said that in the next step, we will continue to work with relevant parties to focus on key links and weak areas such as the country's major strategy, "two new and one heavy", and reasonable expansion of effective investment. The Ministry of Transport stated that it will plan and promote a number of major transportation projects, including the Sichuan-Tibet Railway and the Shenzhen-China Corridor. The Ministry of Industry and Information Technology has made it clear that it will coordinate the development of 5G and gigabit fiber "dual gigabit" networks, and carry out the creation of "100 cities gigabit".
Luo Huanjie, a senior researcher at the Zhixin Investment Research Institute, said that the anti-epidemic special national debt and local government special debt will be implemented more vigorously in the second half of the year. It is expected that investment will accelerate in the second half of the year, especially the rebound in infrastructure investment.
Innovative policies for duty-free shops and other consumer promotion measures will be introduced
Implementing the transfer of foreign trade products to domestic sales, deploying duty-free shops in the city, and stabilizing the consumption of commodities such as new energy vehicles are the policy trends and priorities for promoting consumption in the second half of the year.
The Ministry of Commerce has recently stepped up efforts to carry out export merchandise transfer activities in the national demonstration pedestrian streets in Hangzhou, Chongqing and Xi'an. The recent teleconference held by the Ministry of Industry and Information Technology clearly stated that it is necessary to stabilize traditional bulk consumption, increase efforts to replace new energy vehicles in public areas such as buses and taxis, and carry out new energy vehicles to the countryside.
The Shanghai Securities News reporter also learned exclusively that the state is studying and formulating an innovation policy for duty-free shops in the city. At present, following Wangfujing, several listed retail companies such as Bailian, Dashang, Eurasia Group, Ewushang, and Nanning Department Store have announced their participation. Tax exemption license application.
Xing Ziqiang, chief economist of Morgan Stanley China, said that although uncertainties will still accompany the economic operation in the second half of the year, overseas consumption of Chinese residents will return significantly, and overseas consumption may return to China about 1 trillion yuan each year. , The internal economic cycle will gradually exert force.
Stabilizing foreign trade and foreign investment will have a new deal
The Ministry of Commerce and the General Administration of Customs have stated many times recently that they will study and formulate a new round of foreign trade and foreign investment policies. The reporter learned that the new version of the catalog of industries encouraging foreign investment and the negative list of cross-border trade in services will be released in the second half of the year.
Yuan Da said that the 2020 version of the Catalogue of Industries Encouraging Foreign Investment will focus on promoting the high-quality development of the manufacturing industry in the industry, and on the regional focus on promoting the central and western regions to actively attract foreign investment.
Regarding the policy of stabilizing foreign trade in the second half of the year, the person in charge of the Foreign Trade Department of the Ministry of Commerce said that he will pay close attention to the implementation of various policies, cultivate new trade formats and models, support the transfer of export products to domestic sales, and actively expand imports.
Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, told a reporter from the Shanghai Securities News that China’s foreign trade situation may stabilize in the second half of the year, but the pressure is also great. Foreign trade companies need to "explore international markets" and "export to domestic sales". At the same time.
Employment priority policy comprehensively strengthened
Phased reduction and exemption of corporate social insurance premiums, increased unemployment subsidies, and increased employment opportunities through multiple channels... Preserving employment and protecting people’s livelihood is the core point of the macro policy this year.
“Since February, three social insurance units including corporate pensions, unemployment, and work-related injuries have been exempted and slowed down. This reduction and exemption policy has an unprecedented scale. It is expected that by the end of the year, the three social insurances will reduce the cost of enterprises by 1.6 trillion yuan in total.” Nie Mingjun, director of the Department of Pension Insurance of the Ministry of Social Affairs, said that in the next step, we will work with relevant departments to guide the provinces to carefully implement policies so that enterprises and beneficiaries can receive benefits as soon as possible.
Liu Aihua, a spokesperson for the National Bureau of Statistics, previously stated that the next step is to do everything possible to stabilize and expand employment. First, we must stabilize the market players, implement policies such as tax reduction, fee reduction, and housing rent reductions, to help market players tide over the difficulties and stabilize the basic employment; second, we must promote the marketization and social employment of college graduates. Through measures such as increasing the scale of graduate enrollment, we can better solve the employment problem of college graduates; thirdly, we should strengthen employment assistance, encourage new forms of employment and flexible employment, and drive more rural laborers to find local employment.
Author: Lee Yuan Chen Fang