Strengthen confidence and strive to complete the annual economic and social development goals and tasks - study and implement the spirit of the meeting of the Political Bureau of the Central Committee and do a solid job in the next step of economic work

Xinhua News Agency, Beijing, September 26 (Xinhua) -- Strengthen confidence and strive to accomplish the annual economic and social development goals and tasks -- study and implement the spirit of the meeting of the Political Bureau of the CPC Central Committee and do a solid job in the next step of economic work

Xinhua News Agency reporter

The Political Bureau of the CPC Central Committee held a meeting on September 26 to analyze and study the current economic situation and make arrangements for the next step of economic work.

The meeting of the Political Bureau of the CPC Central Committee comprehensively and objectively studied and judged the current economic situation, made a series of important arrangements, and released a clear policy signal of striving to complete the goals and tasks of economic and social development throughout the year.

Face up to difficulties, strengthen confidence, and enhance a sense of responsibility and urgency

A scientific understanding of the economic situation is the basic prerequisite for doing a good job in economic work.

Dong Yu, executive vice president of the China Development Planning Research Institute of Tsinghua University, pointed out that the meeting proposed to take a comprehensive, objective and calm view of the current economic situation, not only emphasizing that "the favorable conditions of the mainland's economy, such as the fundamentals and broad market, strong economic resilience, and great potential, have not changed", but also did not evade some new situations and problems that have emerged in the current economic operation, demonstrating the comprehensive and scientific nature of the Party Central Committee's research and judgment on the economic situation, which will help guide the whole society to face up to difficulties, strengthen confidence, and effectively enhance the sense of responsibility and urgency for doing a good job in economic work.

Since the beginning of this year, in the face of the complex and severe domestic and international environment, the mainland's economic operation has been generally stable and progressive, with steady development of new productive forces, solid and effective protection of people's livelihood, positive progress has been made in preventing and resolving risks in key areas, high-quality development has been steadily promoted, and the overall social situation has remained stable.

In view of the next step of economic work, the meeting emphasized that it is necessary to grasp the key points, take the initiative, effectively implement the stock policy, strengthen the introduction of incremental policies, further improve the pertinence and effectiveness of policy measures, and strive to complete the annual economic and social development goals and tasks.

Dong Yu believes that the deployment made at the meeting is a combination of macroeconomic policies, with clear directions, strong measures and great significance, releasing a clear signal of continuous improvement of the development environment and unswervingly promoting high-quality development.

On the one hand, we should accelerate the implementation of existing policies and measures, strengthen the promotion of "two-fold" construction and "two new" work, form more physical workload faster, expand effective domestic demand with a focus on boosting consumption, increase precise support for entity enterprises, prevent and resolve risks in key areas, and effectively ensure the improvement of people's livelihood; On the other hand, we will anchor the annual expected goals, focus on business entities and social concerns, accelerate the introduction and implementation of targeted and effective incremental policies, and play a combination of punches to stimulate the enthusiasm, initiative and creativity of promoting high-quality development, promote the sustained economic recovery, and complete the annual goals and tasks.

Intensify macroeconomic policy adjustment and form a strong policy synergy

Continuing to work hard and taking advantage of the momentum, the meeting released a clear signal of intensifying macroeconomic regulation and control and forming a policy synergy.

In response to the meeting's proposal to increase the countercyclical adjustment of fiscal and monetary policies, Zou Lan, director of the Monetary Policy Department of the People's Bank of China, said that the People's Bank of China will implement the relevant arrangements of the meeting on "reducing the reserve requirement ratio and implementing strong interest rate cuts" and accelerate the issuance of financial incremental policy measure documents. On the basis of the 0.5 percentage point reduction in the reserve requirement ratio, it will be further lowered during the year, depending on the market liquidity situation. The policy interest rate will be lowered by 0.2 percentage points, and the loan market prime rate and deposit interest rate will continue to decline simultaneously, and commercial banks will be encouraged to reduce the interest rate on existing housing loans. We should do a good job in the implementation of various policies and measures to effectively promote the economic recovery.

He Daixin, director of the Fiscal Research Office of the Chinese Academy of Social Sciences' Institute of Financial and Economic Strategy, believes that the meeting called for ensuring necessary financial expenditures, conscientiously doing a good job in the "three guarantees" at the grassroots level, and proposed that ultra-long-term special treasury bonds and local government special bonds should be issued and used. These deployments have released a positive signal that fiscal policy should be strengthened and improved in efficiency, and monetary policy will be more closely integrated, and new deployments in the fields of real estate and capital markets will be linked, which is expected to better form a policy synergy to promote economic improvement.

Yu Xiaofen, dean of the China Housing and Real Estate Research Institute of Zhejiang University of Technology, noted that the meeting clearly put forward the requirement of "promoting the real estate market to stop falling and stabilize", and deployed a series of measures such as "strictly controlling the increment, optimizing the stock and improving the quality of the construction of commercial housing", "increasing the loan delivery of 'white list' projects", "adjusting the housing purchase restriction policy and reducing the interest rate of the stock of housing loans". "This has released a strong signal of stabilizing growth and stabilizing the property market, and at the same time clarified the specific ideas and measures to achieve a halt to decline and stability, and the effect of policy implementation is expected." Yu Xiaofen said.

The smooth functioning of the capital markets is crucial. "The meeting focused on efforts to boost the capital market, which will help enhance the internal stability of the capital market and further serve the recovery of the real economy and the high-quality development of the economy." Zhang Yuewen, director of the Capital Market Research Office of the Institute of Finance and Economics of the Chinese Academy of Social Sciences, said that the recent reform measures on mergers and acquisitions and market value management have been introduced, which is conducive to further stabilizing market investor confidence and accelerating the market recovery.

Further optimise the business environment to help enterprises tide over the difficulties

"To help enterprises tide over difficulties" - this statement of the meeting made a deep impression on Chen Lifen, a researcher at the Institute of Market Economy of the Development Research Center of the State Council. She said that the meeting fully concerned about the development needs of various business entities, and made a series of arrangements to further optimize the business environment, which will help stabilize and enhance the confidence and expectations of enterprises and residents.

Tang Weikun, President of Grand Pharmaceutical (China) Co., Ltd., noted that the meeting clearly proposed that "the private economy promotion law should be introduced to create a good environment for the development of the non-public economy". "From this meeting, we can feel the concern and attention of the Party Central Committee to the development of private enterprises, these measures are conducive to creating a transparent and fair legal environment and a stable and predictable business environment for enterprises, better protect the legitimate rights and interests of enterprises, stimulate the vitality and creativity of enterprises, and make us more confident to deal with the current difficulties and challenges." Tang Weikun said.

The meeting proposed that it is necessary to combine the promotion of consumption with the benefit of the people's livelihood, promote the income of low- and middle-income groups, and improve the consumption structure. It is necessary to cultivate a new type of consumption format.

"Combine the expansion of consumption with the improvement of people's livelihood, and point out the direction for enterprises to improve the level of supply and tap the potential of consumption." Gao Shaoyun, general manager of Xidan Shopping Mall, said that the "90-year-old" Xidan Shopping Mall is being upgraded and renovated, which will conform to the new trend of people's consumption, build a commercial platform that brings together new consumption models and new formats, and better meet and create new consumption needs of the people.

Focusing on increasing the efforts to attract and stabilize investment, the meeting proposed to accelerate the promotion and implementation of reform measures such as foreign investment access in the manufacturing sector. Keizo Takeo, Managing Director of Sales of Sumitomo Electric Group China, believes that in the context of increasing uncertainty in the global investment environment, China has continuously released positive signals to increase its efforts to attract foreign investment, continue to expand foreign investment access, and strengthen confidence and stabilize expectations for the development of foreign enterprises in China. "Sumitomo Electric has always been optimistic about China's development prospects and insisted on long-term investment."

Keep the bottom line of people's livelihood and make achievements in overcoming difficulties

People's happiness and well-being is the ultimate goal of promoting high-quality development.

Song Xin, head of the Employment Promotion Department of the Ministry of Human Resources and Social Security, said that the meeting made a series of deployments around keeping the bottom line of people's livelihood, which emphasized the employment of key groups and pointed out the direction for government departments to further refine relevant support policies. Since the beginning of this year, the Ministry of Human Resources and Social Security, together with relevant departments, has issued a new round of employment policies to tap jobs, provide employment services, and carry out assistance in difficulties. In the next step, the relevant departments will take the employment service action of unemployed graduates as the starting point, and continue to make efforts in policy implementation, recruitment docking, capacity improvement, etc., to promote youth employment and entrepreneurship.

The livelihood security, safety and well-being of the needy groups always affect people's hearts. Wang Junwei, director of the Rights and Interests Protection Department of the All-China Federation of Trade Unions, said that the meeting proposed to strengthen the assistance to the elderly, disabled, long-term unemployed and other groups with employment difficulties, and strengthen the assistance and assistance of low-income people. For trade unions at all levels, it is necessary to keep in mind the mission and responsibility, conscientiously do a good job in helping employees in difficulty, increase employment services, and earnestly do a good job in the "mother's family" of employees.

If the materials are sufficient and the price is stable, the people will feel at ease. "The meeting emphasized that the key to maintaining social stability and ensuring the happy life of the people is to ensure the supply and price of important materials such as food, water, electricity and heat." Ning Fengguo, deputy director of the Development and Reform Commission of Jinzhou City, Liaoning Province, said that the relevant departments of Jinzhou City will start from the source of production to ensure the stable planting and breeding of agricultural products; We should further strengthen market supervision, prevent hoarding and price gouging, and earnestly do a good job in ensuring supply and stabilizing prices.

At present, it is the autumn grain harvest season, and He Licheng, a villager of Gusheng Village, Dali, Yunnan Province, is deeply touched by the emphasis of the meeting on "earnestly grasping grain and agricultural production and caring about increasing farmers' income." "Thanks to the support of agricultural science and technology, the rice planted this year is of better quality and more marketable, and we are confident that we can further increase production and income through green and organic planting." He Licheng said.

The majority of cadres and the masses said that they are about to enter the last quarter, and the key to ensuring the realization of the annual development tasks and goals is to make the implementation of the decisions and arrangements of the Party Central Committee effective.

One point of deployment, nine points of implementation. Ai Xuefeng, director of the Guangdong Provincial Development and Reform Commission, said that the meeting proposed "to do the word first, unite as one", we will show the innovative style of the economic province with practical work, further deepen the reform and opening up in an all-round way, increase efforts to cultivate new quality productivity, seize the opportunity of a new round of scientific and technological revolution and industrial transformation, unswervingly promote high-quality development, and strive to be at the forefront of promoting Chinese-style modernization. (ENDS)