Xinhua News Agency, Beijing, August 8 - Question: see the trend of China's economy from a planned budget execution reports
Xinhua News Agency reporters An Bei and Shen Cheng
2020 is the year when a moderately prosperous society will be built in an all-round way and the 13th Five-Year Plan will end. Facing the complicated and severe economic situation and the external environment with greater uncertainty and instability, what is the trend of my country's economy?
Entrusted by the State Council, He Lifeng, the head of the National Development and Reform Commission, reported on the implementation of the national economic and social development plan this year to the 21st meeting of the 13th National People’s Congress Standing Committee on the 8th, and the Minister of Finance Liu Kun reported on the implementation of the budget this year. .
Significant increase in positive factors
Since the beginning of this year, in the face of the severe impact of the new crown pneumonia epidemic, China has insisted on putting people’s life safety and physical health in the first place, intensifying macro-policy response, solidly doing the "six stability" work, and fully implementing the "six guarantees" task. Significant results have been achieved in the overall planning of epidemic prevention and control and economic and social development.
In the second quarter, the GDP increased by 3.2% year-on-year, an increase of 10 percentage points from the first quarter; foreign exchange reserves remained above US$3 trillion; and 5.64 million new urban jobs were created in the first half of the year...
"In the first half of the year, my country's economy fell first and then rose. Since the second quarter, economic operations have improved month by month, and positive factors have increased significantly." He Lifeng said.
He Lifeng emphasized that while seeing that the economic situation is gradually turning for the better, we must also see that the current epidemic is still spreading rapidly around the world, the complexity and severity of China's external environment are rising, and the domestic economy is still digesting the epidemic zone. Due to the unfavorable effects of the coming, the foundation for sustained economic recovery is not yet solid.
"Insist on looking at current difficulties, risks, and challenges with a comprehensive, dialectical, and long-term perspective." He Lifeng said that not only must maintain strategic determination and firm development confidence, but also establish a solid sense of bottom line, persist in seeking progress while maintaining stability, and take the initiative to resolve It's up to me to deal with the challenges flexibly in response to changes.
As of the end of June, a total of 175.6 billion yuan has been allocated for epidemic prevention and control. In the first half of the year, the new tax and fee reductions were 154.5 billion yuan. At the end of July, the 1 trillion yuan anti-epidemic special national debt was all successfully issued...
Liu Kun said that since the beginning of this year, the budget implementation has been in line with expectations, and the proactive fiscal policy has become more active and effective. It has truly played a key role in stabilizing the economy and effectively safeguarded the overall situation of economic development and social stability.
"The completion of the plan is generally in line with expectations." He Lifeng said that people's livelihood security indicators are progressing smoothly, environmental protection indicators have been completed well, and qualitative expression indicators such as residents' income and total retail sales of consumer goods can basically be achieved through hard work.
Consolidate the continued upward momentum
The closing year is over half of the year, and doing a good job of economic and social development in the second half of the year is of great significance.
How to take the initiative and be flexible? A series of deployments have made my country's economic development more certain.
Be cautious and do a good job of normalizing the epidemic prevention and control——
Effectively implement the prevention and control strategy of "external defense input, internal prevention rebound", continuously improve and optimize the normalized epidemic prevention and control mechanism, do not relax the prevention and control of the epidemic in key areas, and make the autumn and winter epidemic prevention and control plans as soon as possible...
Persistently implement various macro policies-
We will implement a more proactive and proactive fiscal policy, make larger-scale tax and fee reductions for enterprises, and promote the anti-epidemic special national debt, local government special bonds and other funds to be implemented into specific projects as soon as possible;
We will implement a more flexible and appropriate and stable monetary policy, comprehensively use monetary policy tools such as RRR cuts and open market operations to maintain reasonable and abundant liquidity and promote a significant reduction in loan costs;
Comprehensively strengthen the employment priority policy, promote employment through double innovation, accelerate the implementation of work-for-relief projects, and expand the recruitment scale of central grassroots service projects for college graduates;
Strengthen the overall coordination of macro policies, and promote the formation of joint forces between fiscal, monetary, and employment policies and consumption, investment, industry, and regional policies...
Actively assist the development of corporate relief ——
Reduce the production and operation costs of enterprises, increase medium and long-term loans to the manufacturing industry, and guide and help enterprises to upgrade and transform...
Decisive battle, decisive victory, win the battle against poverty-
Focus on key areas and weak links to overcome difficulties and ensure the realization of poverty alleviation goals; formulate the "14th Five-Year" plan to consolidate poverty alleviation results; solidly promote the rural revitalization strategy...
"Fiscal policy should be more proactive and effective," Liu Kun said, and it is necessary to fully grasp the implementation of various policies and measures, and reduce the tax cuts and fees that should be reduced in place, so that enterprises can enjoy the benefits. To the policy dividend.
Strive to complete the annual goals and tasks
The Chinese economy has entered a stage of high-quality development and strives to seize opportunities and respond to challenges.
"Using high-quality supply to adapt to lead the creation of diversified needs, vigorously promote the formation of a strong domestic market, and promote the formation of a new development pattern in which the domestic cycle is the main body and the domestic and international dual cycles promote each other." He Lifeng said.
Deepen and refine the implementation of measures to expand domestic demand——
Focus on activating consumption potential, study and formulate policies and measures to further expand rural consumption, and promote the accelerated development of new consumption formats; actively expand effective investment, and introduce opinions on accelerating the construction and development of new infrastructure; in-depth promotion of major regional development strategies; and advancement of people-centric New urbanization...
Effectively maintain the stability of the industrial supply chain and food and energy security——
Improve the stable supply level of important raw materials, key components, core components and key software, actively promote technological innovation and the promotion and application of results, do not relax to grasp food production, and continue to promote the construction of coal, electricity, oil and gas production, supply, storage and marketing system...
Promote high-quality development with high-standard markets and high-level openness——
Continue to deepen the reform of "delegating management and service", reform and improve the factor guarantee mechanism, introduce and implement the three-year action plan for the reform of state-owned enterprises, deepen fiscal, taxation and financial reforms, resolutely prevent risks, and strive to stabilize the basic market for foreign and foreign investment...
Liu Kun said to accelerate the reform of the fiscal and taxation system, promote the reform of the division of fiscal powers and expenditure responsibilities of governments below the provincial level, and implement the reform and promotion plan for adjusting the division of central and local revenues after implementing larger tax cuts and fees. Resolutely implement the government's tight living requirements, spend money on the blade, and fully support the market entities in ensuring employment and people's livelihood.
The challenges are huge and the tasks are heavy. He Lifeng emphasized that it is necessary to further mobilize local subjective initiative and strive to complete the annual goals and tasks.