Presided over an executive meeting of the State Council to further deploy a package of measures to stabilize the economy
Further deploy a package of measures to stabilize the economy and strive to push the economy back to normal track to ensure that it operates within a reasonable range
The State Council The Prime Minister presided over an executive meeting of the State Council to further deploy a package of measures to stabilize the economy and strive to push the economy back to normal track and ensure that it operates within a reasonable range.
The meeting pointed out that the current downward pressure on the economy continues to increase, and many market entities are in great difficulty. 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, comprehensively 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 implementation efforts , in accordance with the overall thinking and policy orientation, a package of highly targeted, powerful and effective range-based regulation measures will be adopted to stabilize the fundamentals of the economy.
The meeting decided to implement 33 measures in 6 aspects, mainly including:
First, fiscal and related policies. Efforts will be made to stabilize market entities and employment. Implementing full tax refunds for existing and incremental tax credits in more industries, increasing tax refunds by more than 140 billion yuan, and totaling tax refunds and reductions for the whole year to 2.64 trillion yuan. Three social security insurance policies, including deferral of pension payments for small, medium and micro enterprises, individual industrial and commercial households, and five extremely poor industries, will be extended to the end of the year, and expanded to other extremely difficult industries. It is expected that 320 billion yuan will be postponed this year. Expand unemployment insurance job retention and training subsidies to all insured enterprises in difficulty. For small, medium and micro enterprises that recruit college graduates, support such as job expansion subsidies will be increased. All localities should increase support for small and micro enterprises and individual industrial and commercial households for water, electricity, and rent. This year's special bonds will be basically used by the end of August, and the scope of support will be expanded to include new infrastructure. The re-guarantee cooperation business of the National Financing Guarantee Fund increased by more than 1 trillion yuan.
The second is financial policy. The quota and support ratio of inclusive small and micro loan support tools will be doubled this year. For loans to small and medium-sized enterprises and individual industrial and commercial households, truck loans, and temporarily distressed personal housing loans and consumer loans, banks are supported to defer principal and interest payments within the year; for 90 billion yuan of commercial truck loans issued by central automobile enterprises, banks and enterprises are required to jointly postpone principal repayment for half a year. Pay interest. The acceptance period of commercial bills will be shortened from 1 year to 6 months. Promote platform companies to be listed domestically and overseas legally and compliantly.
The third is to stabilize the industrial and supply chains. Optimize the policy for resuming work and reaching production capacity, and improve services for "whitelist" enterprises. Ensure the smooth flow of freight, lift restrictions on travel from low-risk areas, and cancel all unreasonable height restrictions and charges. Passenger and freight drivers are equally entitled to free nucleic acid testing at other locations. Increase emergency loans for civil aviation by 150 billion yuan and support the aviation industry in issuing 200 billion yuan of bonds. We will increase domestic and international passenger flights in an orderly manner and formulate measures to facilitate personnel exchanges with foreign companies.
The fourth is to promote consumption and effective investment. Restrictions on car purchases will be relaxed, and the purchase tax on some passenger cars will be reduced by 60 billion yuan in stages. Implement city-specific policies to support rigid and improved housing needs. Optimize approvals, start a number of new water conservancy projects, especially large-scale water diversion irrigation, transportation, renovation of old communities, underground comprehensive pipeline corridors, etc., and guide banks to provide large-scale long-term loans. Start a new round of rural road construction and renovation. Support the issuance of 300 billion yuan in railway construction bonds. Increase efforts to provide relief through work.
The fifth is to ensure energy security. We will implement local coal production responsibilities, adjust the coal mine production capacity increase policy, and speed up the procedures for ensuring the supply of coal mines. A number of more hydropower, coal and electricity and other energy projects will be started.
The sixth is to protect basic people’s livelihood. We will do a good job in unemployment protection, subsistence allowances and assistance to people in need. Timely launch the linkage mechanism between social assistance and security standards and price increases as appropriate.
The meeting emphasized that all localities and departments must increase their sense of urgency and pay close attention to implementation. Relevant departments should detail the package of measures item by item as soon as possible and announce their implementation. The State Council will supervise the implementation of local economic stabilization measures, and local governments must promptly introduce economic stabilization policies that are consistent with local realities.