Xinhua News Agency, Beijing, July 22 (Reporter Wei Yukun) my country's economy is in a critical window for stabilization and recovery, and the third quarter is crucial.
The State Council executive meeting held on July 21 deployed policy measures to continuously expand effective demand and enhance the driving force for economic recovery and development.
The meeting pointed out that it is necessary to implement the deployment of the Party Central Committee and the State Council, efficiently coordinate epidemic prevention and control and economic and social development, promote the further effective implementation of a package of policies to stabilize the economy, make great efforts to consolidate the foundation for economic recovery, focus on stabilizing the macroeconomic market, and keep the economy operating within a reasonable range. Priority is given to ensuring stable employment and stable prices.
Expanding effective investment is an important starting point for stabilizing growth and promoting high-quality development.
In the first half of the year, the national fixed asset investment (excluding farmers) increased by 6.1% year-on-year, of which the investment in manufacturing industry increased by 10.4% year-on-year, and the investment in high-tech industries increased by 20.2% year-on-year, and the scale of effective investment continued to expand.
The meeting pointed out that there is still considerable room for the release of policy effectiveness such as policy-based development financial instruments and special bonds, and can leverage a large amount of social funds. Employment has a comprehensive effect on consumption and plays a key role in economic recovery and development.
Establish a coordination mechanism for promoting effective investment in important projects, which will be jointly operated by relevant state departments, approved in parallel, and operated continuously and efficiently; do a good job in policy-based development financial instruments in accordance with laws and regulations. The more localities get more support; localities speed up the project progress according to quality requirements, create conditions to ensure that construction sites are not shut down, related industrial chains and supply chains are uninterrupted, and more physical workloads will be formed in the third quarter, and more attention should be paid to the replacement of labor Relief measures provide migrant workers with job opportunities... The meeting made arrangements to better play the key role of effective investment.
"The efforts to stabilize investment have continued to increase, the issuance and use of special bonds has accelerated, major projects have accelerated, and infrastructure investment has accelerated. The key role of investment in stabilizing growth is expected to increase," said Fu Linghui, a spokesman for the National Bureau of Statistics.
Consumption is closely related to people's livelihood and should still be the main driving force of the economy.
The meeting pointed out that financial institutions should be supported to adopt more flexible arrangements for personal consumption loans affected by the epidemic.
City-specific policies will promote the steady and healthy development of the real estate market, ensure rigid housing needs, and reasonably support improvement needs.
"With the efficient coordination of epidemic prevention and control and economic and social development, and the effects of various policies and measures to effectively stabilize the economy, my country's economy is expected to continue to rebound and remain within a reasonable range." Fu Linghui said.