To stabilize the economic foundations, the executive meeting of the Council of State presented this requirement _ 东方 东方网

Original title: Stabilize the economic foundations, the executive meeting of the Council of State presented this requirement

On May 13, the State Council held an executivemeetingFaced with unprecedented difficulties and challenges this year, the meeting emphasized that the greater the uncertainty, the greater the meaning of “guarantee” and the requirement of “six guarantees” as “six stability”jobsThe objective is to stabilize the economic fundamentals.

The journalist noted that the central government first proposed the “six guarantees” at the Politburo meeting held on April 17 of this year. While reiterating the “six stability”, the Politburo first proposed the “six guarantees” to protect residentsjob, Guarantee people’s basic livelihood, guaranteemarketMain body, food energy safety guarantee, warrantyindustrychainsupply chainStable and keep the base level running.

Why did the central government propose “six guarantees”? The executive meeting of the State Council held today pointed out that the greater the uncertainty, the greater the importance of the “guarantee”.

The meeting emphasized that the “six guarantees” aim to highlight contradictions and hidden risks, and are positive measures to face and overcome difficult challenges. The government has a great responsibility.

“We must take” six guarantees “as the focus and support of the work of” six stability “, which guarantees employment, the basic livelihood of people andMarket subject, There is income, it will attractconsumption,expandMarket demand. By holding on to the bottom line of “security” and stabilizing the basic economic situation, we can save time and create conditions to tackle difficulties. “

How to implement the “six guarantees” task and then do the “six stability”? The Standing Committee of the National People’s Congress proposes that macro-control coverage should be strengthened to give full play tofinancial,currency,Social Security, Employment and other policies combined to implement more precise regulation around the “six guarantees” and “six stability”.

Fiscal policyIn terms of aspects, the Politburo meeting held on March 27 of this year made it clear that we must study and present a package for an active response.macropoliticsMeasures to properly increase the deficit rate and issue a specialNational debt2. Increase the scale of local government special debt.

These are also considered the three important financial instruments for the impact of the coverage epidemic, and their magnitude and scale will have to wait for the announcement of the two national conferences held in late May.

Currently, the information revealed by special debt is relatively clear. China has already issued 2.29 trillion yuan of new special debt this year. By the end of April, 1152.2 trillion yuan had been issued, completing 50.3% of anticipated advances from the central government.

According to the work plan, the third batch of 1 trillion yuan of new special debt was issued in advance in late April, and will strive to complete it in late May. In other words, May can usher in a round of maximum monthly debt issuance.

Secretary of the Party Committee of the National Development Research Institute of Peking University.professorYu Miaojie said that in order to stimulate the economy to recover quickly from the negative impact of the epidemic, we must trust the government.investment, Focus on the issuance of special bonds for infrastructure construction. He believes that this year’s special debt scale should be around 3 trillion yuan, which is a relatively conservative figure and will drag the economy down by about 3%.

In terms of monetary policy, the “Meeting of the Politburo 417” proposed the “rate cut” for the first time in the year, which means that there is more room for monetary policy.CITIC valuesIt is pointed out that although “reducing interest rates” emphasizes that “housing and housing are not speculations”, it reflects the most profound changes in the combination of macroeconomic policies “Earth“Finance” toward “Money + Finance” shows that this round of stable growth is not a strong stimulus and will not go back to the old way of stimulating real estate.

In terms of social security and employment, since the epidemic, the central government has introduced several measures, such as postponing the payment of social security premiums and the enrollment of graduate students to protect jobs and the basic livelihood of residents.

Furthermore, the meeting emphasized the need to intensify reform and openness, respect the grassroots initiative and improve the system that lays the groundwork and benefits in the long term.mechanismWork more to stimulate the vitality of market players andsocietycreativity. Openness needs to be widened and stabilization is necessary to promote mutually beneficial cooperation with all parties.Industry chainThe supply chain continually improves resilience and the potential for economic development.

(Editor in charge: DF520)