China News Service, Beijing, August 8 (Reporter Liang Xiaohui) A report submitted by the State Council of China to the Standing Committee of the National People's Congress on the 8th showed that China's economic operation has gradually stabilized and rebounded, market momentum has gradually recovered, and market expectations have improved.
This report is called "The State Council's Report on the Implementation of the National Economic and Social Development Plan this year." As usual, the State Council of China reports to the Standing Committee of the National People's Congress on the implementation of the plan every August.
The report said that in the first half of this year, China’s economy fell first and then rose. Since the second quarter, economic performance has improved month by month. Positive factors have increased significantly, production demand has continued to pick up, employment and people’s livelihood have been better guaranteed, market expectations have continued to improve, and the economy has shown a recovery growth trend. The overall social situation is stable.
Specifically, increased policy hedging, and economic operations have gradually stabilized and rebounded. Increase fiscal and taxation support, promptly introduce phased and targeted tax and fee reduction policies, and extend the implementation period based on actual conditions. In the first half of the year, a total of 1.5 trillion yuan in tax and fee reductions (RMB, the same below) was added. Increase the size of the fiscal deficit by 1 trillion yuan, issue 1 trillion yuan in anti-epidemic special treasury bonds, transfer all of the above 2 trillion yuan to local governments, and establish a special transfer payment mechanism so that the new fiscal funds can go directly to the grassroots of cities and counties and directly benefit enterprises and people .
Strengthening corporate assistance, market momentum gradually recovered. The policies to help enterprises continue to increase their efforts to relieve their difficulties, and to reduce taxes and fees on a larger scale for enterprises, focusing on reducing the burden on small, medium and micro enterprises, individual businesses and enterprises in difficult industries.
According to the report, with the continuous development of various policies, the economic cycle has gradually recovered, corporate performance has continued to improve, and the confidence of market entities has continued to increase. The manufacturing purchasing manager index and non-manufacturing business activity index in June were 50.9% and 54.4 respectively. %, both rebounded from the previous month and remained above the critical point for 4 consecutive months.
The report also puts forward key tasks for the next step, including prudently and properly normalizing the epidemic prevention and control, proactively assisting the development of enterprises in relief, deepening and detailed implementation of measures to expand domestic demand, and striving to ensure the supply chain of the industrial chain and food and energy security. . (Finish)