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On April 15, Premier Wen Jiabao of the State Council presided over the State Council executive meeting to analyze the economic situation in the first quarter and study the next phase of economic work.
The meeting pointed out that the package plan to expand domestic demand and promote stable and rapid economic development has achieved initial results, and the economic operation has undergone positive changes, and the situation is better than expected. This shows that the central government's policy and deployment of this year's economic work is completely correct. The series of macro-control measures introduced since the second half of last year are timely, powerful and effective. The implementation of central decision-making and deployment by all regions and departments is effective. . At the same time, we must also clearly see that the foundation for China's economic recovery is still not stable, and the internal and external environment is still very serious. The international financial crisis is still spreading, and the impact on China's economy is still deepening, mainly: external demand continues to shrink, and exports decline by a large margin; in some industries, overcapacity, industrial growth is weak, economic efficiency continues to decline, and private investment will be low The steady development of agriculture, the difficulty of increasing farmers' incomes, the decline in fiscal revenue, and the pressure on employment. We must not only see the favorable conditions and positive factors for economic and social development, but also firmly believe in the confidence of all work. We must fully estimate the complexity and seriousness of the situation. We must not be blindly optimistic and take it lightly; rather, we should look at difficulties and risks. Weighed a bit more, estimated the time to deal with the crisis longer, prepared the policy measures more fully, worked hard, and did not relax, and strive to achieve the goals of economic and social development.
The meeting stressed that it is necessary to unswervingly implement a proactive fiscal policy and a moderately loose monetary policy, and comprehensively implement a package plan to deal with the crisis. At present, we must focus on the following tasks: (1) Conscientiously implement various policies and measures to expand investment. We will promptly promote the investment and construction of the first two batches of projects, and immediately issue the third batch of central investment. Do a good job in issuing local government bonds and expand the scale of corporate bond issuance. Revise the government investment project approval catalogue as soon as possible, and introduce measures to encourage private investment. Continue to carry out supervision and inspection of the whole process of central investment project construction. Study and formulate policies to stabilize and expand the use of foreign capital. (2) Focus on expanding consumption, especially household consumption. Further improve the "home appliances to the countryside" policy. Actively expand service consumption such as culture, tourism, and information, and stabilize large-scale consumption such as housing and automobiles. Clean up regulations and fees that harm consumer rights in all areas, especially in the public sector. (3) Do everything possible to stabilize foreign trade import and export. Clean up policies that restrict exports. Make full use of foreign trade development funds and credit to increase support for the export of high-tech products and labor-intensive products. Increase export credit support. Appropriately increase the import of important energy, shortage of raw materials, key technologies and advanced equipment. Support qualified and powerful enterprises to “go outâ€. (4) Maintaining stable development of agriculture. Full implementation of the policy of strengthening agriculture and benefiting farmers. Do a good job in crop field management to ensure the supply of agricultural materials and prices are stable. The implementation of the national plan to increase the production capacity of 100 billion jin of grain was initiated. Strengthen the regulation of agricultural products market. Support agricultural product processing. (V) Accelerate the promotion and revitalization of key industries. We will promptly introduce the implementation plan for the adjustment and revitalization of key industries. As soon as possible, we will issue special funds for “key industry revitalization and technological transformation†in the newly added central investment. We will promptly introduce policies and measures to encourage mergers and acquisitions, especially cross-regional mergers and acquisitions. Clean up and abolish the unreasonable provisions of some localities and enterprises that discriminate against domestic products set in the bidding. We will improve and implement policies related to supporting independent innovation and high-tech industries, and foster new growth points in new energy, energy conservation and environmental protection, bio-pharmaceuticals, information and communication, and modern services. (6) Intensively and meticulously do a good job in improving people's livelihood. As soon as possible, formulate and improve the implementation plan and supporting documents for the reform of the medical and health system. Strengthen public services for migrant workers to transfer employment, and strengthen employment assistance for zero-employment families and people with employment difficulties. Practically strengthen the employment guidance service for college graduates. The inspection urged the local authorities to do a good job in reforming the performance pay system for teachers in the compulsory education stage. Accelerate the construction of the social security system. Increase the construction of affordable housing projects and the renovation of dilapidated houses in rural areas. (7) Continue to do a good job in financial support for economic development. Flexible use of multiple monetary policy tools to regulate market capital supply and demand. Optimize credit investment, so that funds can be truly implemented to support the operation of the real economy, and increase support for SME loans. Explore various forms of SME bond financing. Accelerate the construction of the GEM market. Further strengthen financial supervision and prevent financial risks. (8) Strive to do a good job in fiscal revenue increase and support. We will strengthen tax collection and management and conduct inspections in accordance with the law, collect all receivables, and strictly control all unnecessary expenses.
The meeting called for all regions and departments to closely follow and analyze the situation. In particular, we must strengthen the in-depth analysis of major issues related to the overall economic situation, as well as the tendency and the problems, and correctly grasp the trend of the macro economy. According to the economic operation situation and the implementation effect of the policy, the package plan and policy measures are continuously improved. Improve the pertinence of policies, speed up the formulation of the implementation rules of the policies that have been issued, and do a good job of connecting the various policies. It is necessary to strengthen the study of reserve policies and make good plans to effectively cope with new changes in the economic situation. It is necessary to comprehensively implement the central government's decision-making and deployment, closely integrate the actual situation, and carry out creative work in a creative manner, implement various policies and promote the steady and rapid development of the national economy.