New zealand news agency, june 26, beijing: a new reserve policy has been introduced to accelerate the landing of stocks
Xinhua, zhang xiaoqian, wei yukun
CurrentEconomic situationHow's it going? How's the two new policies goingSteady employmentWhat are the new initiatives to stabilize the economy? On 26 june, a press conference was organized by the national commission for development and reform (cnpr), which was attended by the deputy director of the policy research office of the national commission for development and reform and a press spokesman。
The economy is generally smooth
“since this year, in the face of a more complex and challenging external environment, we have maintained a steady and steady pace of progress, pursued a more proactive macro-policy approach, accelerated the implementation of a number of initiatives to promote high-quality development in a stable employment economy, and generally worked smoothly.”。
In terms of supply, agricultural production is carried out in an orderly manner and industrial services services are growing steadily. The work of the three summers has progressed in an orderly manner. In may, the added value of industries above scale increased by 5. 8 per cent over the same period, while the services production index grew by 6. 2 per cent, an increase of 0. 2 percentage points over the previous month。
From a demand perspective, consumer investment continues to expand and exports continue to grow more rapidly. Total retail sales of social consumer goods increased by 6. 4 per cent in may, the highest rate since 2024. During the first five months, fixed-asset investment grew steadily, with manufacturing investment growing by 8. 5 per cent. Exports of goods denominated in the renminbi grew by 6. 3 per cent in may, including 17. 5 per cent, 13. 7 per cent and 13. 8 per cent, respectively, for asean, the european union and the “one way forward” countries。
The world bank and the oecd have recently reduced their global growth projections by 0. 4 and 0. 2 percentage points, respectively, while china's economic growth projections have remained generally stable, with international investment banks such as deutsche bank, morgan stanley and goldman sachs increasing their economic projections。
Li said: “as stock policy accelerates its impact on the ground and the new reserve policy continues to be implemented, we are confident and capable of minimizing the uncertainty and adverse effects of external shocks and promoting sustained and healthy economic development.”
In july, the third batch of consumer goods was issued in exchange for new funds
Since the beginning of this year, the national development and reform commission has stepped up its efforts with the concerned parties to implement the “two new” policy. This post is part of our special coverage global voices 2011Device updateOn the other hand, over the long term special government debt (spg) support has been increased by rmb 200 billion, the first tranche of approximately rmb 173 billion has been allocated to approximately 7,500 projects in 16 areas, and the second tranche is running a parallel project audit screening process。
In exchange for old and new consumer goods, the excess-long-term special government debt support was 300 billion yuan, and a total of 162 billion yuan in the first two tranches was released in january and april, respectively。
“the ‘two new’ policies have continued to be effective, and the key role of steady investment, increased consumption, transformation and livelihood has further highlighted the rapid growth in the sale of electricity, furniture, communications, etc., and the sale of new and related commodities in exchange for more than $1. 4 trillion since the beginning of the year.”。
She stated that the national development reform commission would fully play its role as a mechanism for joint inter-ministerial “two new” meetings, strengthen the closed-ring management of equipment renewal projects, urgently introduce an enhanced policy of loan discounts for equipment upgrades and further reduce the cost of financing upgrades for business owners. In accordance with the established working arrangements, the third batch of consumer goods this year will be issued in july in exchange for new funds, and the parties involved will be coordinated in the preparation and implementation of a monthly and weekly “subsidized” plan to ensure the orderly implementation of the new policy for consumer goods throughout the year。
We need to put in place an investment plan for the new central budget
In recent days, the national development and reform commission, in conjunction with the relevant departments, has issued a programme of action to scale up food-for-work to boost employment for priority groups. Since november of last year, the national development and reform commission, together with the ministry of finance, has earmarked $16. 5 billion in investments to support local cash-for-work projects of more than 3900 yuan, which are expected to address the employment gains of 380,000 people in need. On this basis, the programme added a number of centrally budgeted investment projects to support areas with more focused groups。
It is understood that for the first time, urban-rural integration of the development of small-scale infrastructure has been included in the support. At the same time, the programme increased the share of the central investment in projects from over 30 per cent to over 40 per cent, with the payment of labour for subsistence。
“we have completed the pre-enumeration of priority groups, the project planning declaration, etc., and we are in the process of organizing a project review to advance investment plans in an orderly manner.” li said that the next step would be to expedite the issuance of the new investment plan within the central budget for food-for-work, which would facilitate the rapid in-kind workload of previously planned projects. At the same time, efforts are being made to maximize the number of jobs used for food-for-work projects, to maximize the participation of the local population in the construction process, to increase the proportion of workers paid for central investment, and to provide training in various ways to improve the skills of the working population。
Overall national power supply and demand balance is guaranteed
In recent times, high temperatures have become frequent in local areas, and energy conservation is of concern. According to lee, preliminary projections indicate an increase of about 100 million kilowatts in the maximum national power load during the peak summer. The national commission for development and reform has focused its efforts on improving the supply capacity of electricity and has taken a series of measures to strengthen the storage and distribution system for energy production in advance。
“in the light of the current situation, there is an active and effective response to high-temperature weather loads, and the situation with regard to electricity supply and demand, which peaked this summer, is better than last year, and the overall balance of electricity supply and demand is guaranteed throughout the country.” at the same time, lee said, it was important to be fully aware that electricity supply and demand might be tight in some areas during peak periods, that the effects of extreme and continuous high-temperature weather and natural disasters such as typhoons, heavy rains and floods should not be overlooked and that preparedness for response should be advanced。
It was informed that the national commission for development and reform would fully play its role as the inter-ministerial coordination mechanism for the safeguarding of coal, oil and gas transport and would intensify efforts to fully implement the security initiatives. Timely detection and rapid resolution of supply conflicts and problems, enhanced smooth supply of coal, natural gas and the need to bridge production and transport, as well as the timely and early start-up of power grid projects in a safe manner。
In addition, we have made full use of the resource allocation advantages of our large electricity grid to upgrade our national supply capacity. Prepare in advance for natural disaster shocks, pre-position emergency relief forces, equipment and supplies, and ensure demand for electricity for livelihoods and priority areas。
