The State Council recently held an executive meeting to further deploy a package of measures to stabilize the economy_Hengchang Group,Property development,Building installation

The State Council recently held an executive meeting to further deploy a package of measures to stabilize the economy

Release time:

2022-05-24

[The meeting pointed out that the current downward pressure on the economy continues to increase, and many market players are very difficult. Development is the foundation and key to solving all problems in our country. 】

The State Council recently held an executive meeting to further deploy a package of measures to stabilize the economy, and strive to push the economy back to a normal track and ensure that it operates within a reasonable range.

Overall deployment

The meeting pointed out that the current downward pressure on the economy continues to increase, and many market players are very difficult. Development is the foundation and key to solving all problems in our country. It is necessary to implement the deployment of the Party Central Committee and the State Council, strengthen confidence, respond decisively, fully implement the new development concept, efficiently coordinate epidemic prevention and control and economic and social development, accelerate the implementation of the policies determined by the Central Economic Work Conference and the government work report, and increase In terms of implementation efforts, a package of targeted, powerful and effective range-based control measures shall be adopted in accordance with the overall thinking and policy orientation to stabilize the economic fundamentals.

△Data Map (Image Source/Visual China)

Specific measures

The meeting decided to implement 33 measures in 6 areas, including:

The first is fiscal and related policies.

In more industries, the existing and incremental tax rebates were implemented in full, with an increase of more than 140 billion yuan in tax rebates, and 2.64 trillion yuan in tax rebates for the year.
Defer social security premium policies such as deferred pension payments to the end of the year for individual industrial and commercial households of small, medium, and micro enterprises and 5 industries in extreme poverty, and extend it to other industries in extreme poverty. It is estimated that the payment of 320 billion yuan will be deferred this year.
Expand the unemployment insurance job retention training subsidy to all insured enterprises in difficulty.
The re-guarantee cooperation business of the National Financing Guarantee Fund increased by more than 1 trillion yuan.

The second is financial policy.

This year, the amount and support ratio of inclusive small and micro loan support tools will be doubled.
For small and medium-sized enterprises, individual industrial and commercial household loans, truck loans, and personal housing loans and consumer loans in distress, banks will be supported to postpone the repayment of principal and interest within the year.
The 90 billion yuan truck loan issued by the central automobile enterprise requires the bank-enterprise linkage to postpone the repayment of the principal and interest for half a year.

△Data Map (Image Source/Visual China)

The third is to stabilize the industrial chain and supply chain.

Optimize the policy of resuming work and reaching production capacity.
Guarantee the smooth flow of freight, cancel the restrictions on passage from low-risk areas of the epidemic, and cancel all regulations and charges such as unreasonable limits.
Increase domestic and international passenger flights in an orderly manner.

△Data Map (Image Source/Visual China)

The fourth is to promote consumption and effective investment.

The purchase tax of some passenger cars will be reduced by 60 billion yuan in stages.
City-specific policies support rigid and improved housing needs.
A new batch of water conservancy projects, especially large-scale water diversion irrigation, transportation, renovation of old residential areas, and underground integrated pipe corridors, etc., will be started, and banks will be guided to provide large-scale long-term loans.

The fifth is to ensure energy security.

Implement local coal production responsibilities and adjust the policy of increasing coal mine production capacity.
Construction of another batch of energy projects started.

The sixth is to do a good job in unemployment insurance, subsistence allowances and assistance to the needy.

The linkage mechanism of linking social assistance and security standards with price increases will be activated in a timely manner as appropriate.

The meeting emphasized the need to strengthen the sense of urgency and pay close attention to implementation. Relevant departments should detail the package of measures one by one as soon as possible and announce them for implementation. The State Council will supervise the implementation of local economic stabilization measures, and local governments should promptly introduce economic stabilization policies that are in line with local realities.

Source: CCTV News