The State Council clarified the key points of macroeconomic regulation and control in the coming months

Abstract Premier Wen Jiabao of the State Council presided over the State Council executive meeting on the 21st to analyze the current economic situation and study and deploy economic work in the months following this year. The meeting pointed out that since the fourth quarter of last year, China has experienced the most difficult year since entering the new century. Facing international finance...

On the 21st, Premier Wen Jiabao of the State Council presided over the State Council executive meeting to analyze the current economic situation and study and deploy economic work in the months following this year.
The meeting pointed out that since the fourth quarter of last year, China has experienced the most difficult year since entering the new century. In the face of the severe challenges brought about by the international financial crisis and the extremely complicated international and domestic situation, the Party Central Committee and the State Council have scientifically judged the situation, made decisive decisions, promptly promulgated, fully implemented and continuously enriched and improved the package plan and related policy measures for coping with the international financial crisis. Firmly grasping the initiative of economic work, it has quickly reversed the downward trend of economic growth, and has achieved remarkable results in maintaining growth, restructuring, promoting reform, and benefiting people's livelihood. In the first three quarters of this year, the economic growth rate accelerated quarter by quarter, the demand structure improved significantly, the domestic demand for economic growth was significantly enhanced, agricultural production was harvested again, industrial restructuring and energy conservation and emission reduction were actively promoted, and the effectiveness of ensuring and improving people's livelihood work was obvious. New jobs in urban areas have increased steadily, financial conditions have gradually improved, money and credit have maintained rapid growth, new progress has been made in reforms in key areas, economic and social development has been better than expected at the beginning of the year, and the trend of recovery has been consolidated. At the same time, we are also clearly aware that China's economic and social development still faces many difficulties and problems.
From the external environment, although some developed countries' economies have begun to recover, but the foundation is not stable and the momentum is insufficient, the global economic recovery will be a slow and tortuous process. From the perspective of the domestic economy, the foundation for economic recovery is still unstable, unconsolidated, and unbalanced. Some deep-seated contradictions, especially structural contradictions, remain prominent. The situation and impact of shrinking external demand are still continuing; the endogenous power of economic growth is insufficient, the willingness to invest in private sector is not strong; the problem of overcapacity is more prominent, the pressure and difficulty of industrial structure adjustment are increasing; the task of promoting energy conservation and emission reduction is still arduous; It is difficult to develop and increase farmers' income continuously; the contradiction of fiscal revenue and expenditure is prominent, the credit structure is unreasonable, and the difficulty of liquidity management increases.
The meeting stressed that China's current economic and social development is still in a critical period of stabilization and recovery. We must comprehensively and correctly judge the situation. We must fully affirm the achievements, see positive changes and favorable conditions for economic and social development, and further enhance confidence. We must also fully estimate the complexity and uncertainty of the situation, effectively enhance the sense of urgency, and Difficulties are considered more fully, and the work to deal with various challenges is made more solid. In the next few months of this year, we must properly handle the relationship of maintaining stable and rapid economic development, adjusting the economic structure, and managing inflation expectations as the focus of macroeconomic regulation and control, and continue to implement a proactive fiscal policy and a moderately loose monetary policy to maintain the macro economy. The continuity and stability of the policy, grasp the strength and rhythm of the policy, enhance the flexibility and sustainability of the policy, comprehensively implement and continuously enrich and improve the package plan and policy measures, and better accomplish the main tasks of economic and social development throughout the year. Pay more attention to improving the quality and efficiency of economic growth and lay a good foundation for next year's development.
The meeting requested that the focus be on the following aspects: (1) Maintain steady growth in demand. We will continue to implement and improve policies that promote consumption and increase household income, and actively promote final consumption. Scientifically and rationally arrange investment plans, promote the construction of central investment projects, and ensure the quality and safety of projects. We will promptly introduce measures to encourage and promote the healthy development of private investment. We will implement the Central Foreign Trade Development Fund, export credit insurance and financing guarantee policies, and stabilize and gradually restore foreign trade imports and exports. Improve the level of foreign investment and foreign investment cooperation. (2) Seriously do a good job in agricultural production, especially in autumn and winter. Strengthen the harvest and acquisition of autumn grain to ensure that there is no “selling” phenomenon during the period of autumn grain and cotton concentration. We will conscientiously implement the recent deployment of the State Council on doing a good job in autumn and winter, increase policy support, strengthen scientific and technological services, and stabilize the area of ​​autumn and winter. We will implement the supply security measures for agricultural diesel and fertilizer. Vigorously carry out the construction of agricultural infrastructure such as winter and spring farmland water conservancy. Do a good job in the prevention and control of major animal diseases in autumn and winter. (3) Actively promote structural adjustment and energy conservation and emission reduction. Continue to do a good job in the implementation of key industry adjustment and revitalization plans and implementation rules. Promote enterprises to accelerate technological transformation, revise the "Guidance Catalogue for Industrial Structure Adjustment", and study and introduce policies and measures to encourage the elimination of backward production capacity and promote mergers and acquisitions. Resolutely suppress some new projects in the overcapacity industry. We will promptly study the general ideas and recent work arrangements for promoting the development of strategic emerging industries, and establish venture capital funds to support the development of emerging industries. Seriously implement the State Council's policies to promote the development of SMEs. Do not relax and do a good job in energy conservation and emission reduction. (4) Strengthening the regulation of coal, oil and gas transportation. Do a good job in the organization and coordination of coal production and transportation. Improve the power emergency plan and orderly power plan to ensure the stable and safe operation of the power grid and the power supply during the New Year's Day and the Spring Festival. Maintain the balance between supply and demand in the refined oil market and the need for residents to use gas. Strengthen transportation coordination in key time zones and key areas. Prepare for the Spring Festival in advance. (5) Continue to promote key reforms. Actively carry out five key tasks in the reform of the medical and health system. Solidly promote the pilot of new rural social endowment insurance. We will do a good job in cleaning up and rectifying the fees involved in enterprises and strengthen the management of administrative fees. (6) Further improve financial and financial work. Vigorously promote the increase in revenue and expenditure. Standardize the debt and guarantee commitments of local governments and their platform companies. Maintain ample liquidity. Guide financial institutions to optimize credit structure and enhance the sustainability of loan growth. Promote the stable and healthy development of the capital market. (7) Attach great importance to and properly arrange the lives of the people. We will continue to implement various policies and measures to promote employment, and focus on the employment of unemployed graduates, migrant workers, and disadvantaged groups in colleges and universities. We will implement a sound social security system and improve the income policy for low- and middle-income people. Accelerate the construction of affordable housing projects. Promote social undertakings and public service capacity building. We will continue to do a good job in poverty alleviation and development, and properly arrange the basic life of people living in poverty and the people in the disaster areas. Actively promote the recovery and reconstruction of the Wenchuan earthquake-stricken areas, and basically complete the rural housing reconstruction task before the end of the year to ensure that more than 95% of the students in the disaster-stricken areas enter the permanent school building. Full implementation of various measures to prevent and control the influenza A (H1N1) epidemic. Continue to strengthen safety production supervision and resolutely curb the occurrence of serious and serious safety accidents. Properly resolve social contradictions and strive to maintain social harmony and stability.

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