State Development and Reform Commission, introduced at the press conference held by the State New Office on October 8 that, in view of the new situation and new problems in the current economic operation, the CPC Central Committee and the State Council have made scientific decis ion-making and decisive actions to effectively implement the stock policy. Strengthening counter-cyclical adjustment of macro-policies, expanding effective domestic demand, increasing support for enterprises, promoting the stabilization of the real estate market and boosting the capital market, and launching a package of incremental policies to promote sustained economic recovery.
In view of the downward pressure in the economic operation, we should strengthen the counter-cyclical adjustment of macroeconomic policies, and make sustained efforts in all aspects.
In view of the problem of insufficient effective domestic demand, the policy of expanding domestic demand should focus more on benefiting people's livelihood and promoting consumption, and actively play the role of investment in stimulating economic growth.
In view of the current difficulties in production and operation of some enterprises, we should increase our efforts to help enterprises, effectively optimize the business environment and help enterprises tide over difficulties.
In view of the continued weakness of the real estate market , comprehensive policies and measures should be taken to promote the real estate market to stop falling and stabilize.
In view of the problems such as the downward volatility of the stock market in the early stage, a series of powerful and effective measures have been taken to boost the capital market. According to
Zheng Shanjie, in terms of strengthening the counter-cyclical adjustment of macro-policies, we should strengthen the overall coordination and system integration of macro-policies such as fiscal and taxation, monetary and financial, investment and consumption, and income distribution, strengthen the collaborative innovation of policy tools, grasp the timeliness and effectiveness of policy implementation, and enlarge the effect of policy combination. It is necessary to ensure the necessary financial expenditure, speed up the progress of expenditure, increase the positive role in promoting economic development, and strengthen the support for local governments to carry out debt replacement and resolve debt risks. Reduce the deposit reserve ratio, implement vigorous interest rate cuts, support large state-owned commercial banks to replenish core tier-one capital, and create a better financial environment for business entities to invest and finance and implement macro-policies. In terms of
consumption, the focus is to combine the promotion of consumption with the benefit of people's livelihood, promote the income of middle and low income groups, and implement actions to boost consumption. There are three specific aspects: First, increase support for specific groups. Before the National Day, a one-time living allowance has been granted to the extremely poor, orphans and other needy people. The second is to promote the continuous expansion of commodity consumption by combining large-scale equipment renewal with the replacement of old consumer goods with new ones. The three is to expand the consumption of services such as pension and nursery. We should foster new forms of consumption, such as digital consumption and green consumption, and enhance the adaptability of the supply side to high-end demand. According to
the press conference, the central budget investment of 700 billion yuan has been fully allocated for the "two-fold" construction, namely, the implementation of major national strategies and the construction of national security capacity in key areas. Next year, we will continue to issue ultra-long-term special treasury bonds, optimize the direction of investment, and strengthen support for the "dual" construction.
The press conference also mentioned that the standard of student aid should be raised, the coverage of the policy should be expanded, the amount of national student loans for junior college students, undergraduates and postgraduates should be increased, and the interest rate of loans should be reduced.
