China News Agency, Beijing, February 27 (Reporter Xia Bin) It has been more than two years since the outbreak of the new crown epidemic. China has precisely controlled the epidemic situation while taking precise measures for the economic situation.

In response to the problems of people's livelihood under the epidemic, the government provides the bottom line for people in need, "supports" small and micro enterprises, guarantees the supply of daily necessities, and maintains basic livelihood services.

　　China's National Two Sessions will be held soon.

At present, the overseas epidemic is still severe, which continues to plague the recovery of the world economy; domestic epidemics are scattered sporadically, and it is still necessary to balance prevention and development with development.

In this context, to better respond to people's livelihood concerns, what "reserves" does China have?

　　First, the macro policy continued to exert its strength.

When other major economies in the world fought against the epidemic, monetary policies “did the water” and the fiscal stimulus soared, leading to rising deficits, while China’s “comprehensive formula” to fight the epidemic allowed it to retain sufficient policy space.

　　Judging from the information disclosed by the two sessions in various places in the early stage, the normalized and precise prevention and control of the epidemic has become a major factor considered by the local government in the draft budget, and will use greater efforts to adjust and optimize the expenditure structure, and focus on ensuring key expenditures such as people's livelihood.

　　Lian Ping, chief economist of Zhixin Investment, said that the focus of active fiscal policy is expected to be brought forward to the first half of 2022, and it will be precise in many aspects, including education, social security and employment, health care and other livelihood-related expenditures are expected to continue to remain relatively high. High growth rate, safeguard the vital interests of the people, ensure the foundation of social policies, and ensure the stable operation of the entire society.

　　Lian Ping predicts that monetary policy will further play the directional support function of structural policy tools this year.

Guaranteeing people's livelihood and employment is still one of the policy goals. The PBOC will continue to use policy tools such as supporting agriculture and supporting small and medium-sized enterprises, re-lending and re-discounting, and intensifying efforts to support rural areas, small and micro enterprises, private enterprises and other weak links, key areas and regions. strength of support.

　　Second, investment projects benefit the people.

Steady growth is inseparable from effective investment, and the new highlights of this year's investment are also closely related to people's livelihood.

Xun Yugen, chief economist of Haitong Securities, pointed out that the policy has begun to turn positive, and infrastructure investment is expected to exert force. Meeting social needs and meeting the direction of the national development strategy should be the focus of future infrastructure development, including livelihood projects.

Data map: Real estate real estate.

Photo by China News Agency reporter Zhang Bin.jpg

　　"Housing is the most important area of ​​people's livelihood. The construction of affordable housing and the renovation of old communities can not only meet the housing needs of residents, but also stimulate real estate and support the economy." Xun Yugen said.

　　The Central Economic Work Conference in December 2021 emphasized that we should adhere to the simultaneous development of rental and purchase, accelerate the development of the long-term rental market, and promote the construction of affordable housing.

Officials revealed that this year will vigorously increase the supply of affordable rental housing, focusing on large cities with net population inflows, and raising 2.4 million units (rooms) of affordable rental housing throughout the year.

　　Chen Xing, chief macro analyst of Zhongtai Securities, said that the government work reports in many places announced the financing targets of affordable rental housing for the whole year, among which Shanghai and Beijing are the most prominent.

In addition, various localities are also promoting urban renewal actions. For example, Beijing has mentioned the orderly promotion of 6 major types of renovation projects such as old buildings and old factories, and the completion of the installation of more than 200 elevators in old buildings.

　　Third, maintain employment and increase income.

Employment is the foundation of people's livelihood and the biggest livelihood project, and the small, medium and micro enterprises that are most vulnerable to the impact of the epidemic are the "mainstay" of attracting employment.

　　Safeguarding businesses means safeguarding jobs.

The recent executive meeting of the State Council proposed to extend the tax deferred policy for small, medium and micro enterprises in the manufacturing industry, and to expand the scope of application of the local “six taxes and two fees” reduction and exemption policy to all small and low-profit enterprises and individual industrial and commercial households.

　　Liu Chen, a researcher at the Bank of China Research Institute, said that by continuing to promote the tax reduction policy, on the one hand, the operating pressure of small, medium and micro enterprises has been relieved, and the orderly recovery and continuity of production and operation activities of enterprises; on the other hand, the cash flow of enterprises has been effectively filled, which is conducive to Enterprises enhance their ability to resist risks.

Photo by Wang Danfeng in the production workshop of the enterprise

　　Chen Xing bluntly said that under the background that the disruption of the epidemic has not been completely eliminated and the economic growth rate has slowed down, the employment pressure this year may still not be underestimated.

To promote employment, "three arrows" should be launched, mainly from three aspects: focusing on the employment of key groups, focusing on vocational skills training, and supporting the development of new forms of employment.

　　Yang Weimin, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and deputy director of the Economic Committee, said that to increase residents' income, the national income distribution system should be reformed, the proportion of residents' income in national income should be increased, and efforts should be made to achieve the growth of residents' disposable income in line with or faster than economic growth. Reduce the share of financial and real estate sectors in national income.

　　Cheng Shi, chief economist of ICBC International, said that in the long run, "fairness" will be one of the core elements of a series of policy changes in China, taking into account the maximization of welfare for all, the maximization of welfare for vulnerable groups and equal opportunities.

(over)