18 industrial policies and 43 service policies. What signals will they send?

2022-07-05 0 By

A total of 18 specific policies and 43 hard measures have been taken to promote the steady growth of the industrial economy, according to a circular on Printing and Distributing Policies to Promote the Steady Growth of the Industrial Economy and Policies to Promote the Recovery of the Service Sector.The industrial and service sectors play a key role in sustaining economic growth and stable employment.”The focus of the 18 industrial policies is to make better anticipatory adjustments, fine-tuning and cross-cycle adjustments, and to address the constraints constraining the operation of the industrial economy so as to ensure that the industrial economy operates within an appropriate range throughout the year.The focus of the 43 policies on the service sector is to support market entities to tide over difficulties and resume development, maintain stable performance of the service sector throughout the year, and better leverage the service sector’s role as the largest employer of employment.”Zhao Chenxin, secretary-general of the National Development and Reform Commission, said at a news conference held by the State Information Office.The 18 policies for promoting steady industrial growth focused on five areas: government taxes and fees, financial credit, supply and demand, investment, foreign trade and foreign investment, land use, energy use, and the environment.”At present, the recovery of China’s industrial economy is still not very solid, and we need to continue to boost it with greater strength and more effective measures.”Zhao chenxin said that the next step is to do a good job in two aspects. First, we will do everything possible to ensure that market players can enjoy relevant policy dividends as soon as possible in the first quarter through fiscal taxes and fees, financial credit, supply and price stabilization and other policies.Second, we will focus on expanding targeted and effective investment to cheer up enterprises and strengthen the sustainability of their development.We will increase pre-tax deductions for equipment and equipment of micro, small and medium-sized enterprises, extend the tax suspension policy for micro, small and medium-sized enterprises in the manufacturing sector for another six months, reduce the social security burden on enterprises, guide the financial system to transfer profits to the real economy, and ensure the supply and price stability of iron ore, fertilizer and other important raw materials and primary products.The 18 policies focus on the “pain points” of industrial enterprises.In view of the difficulties faced by some industries in the industrial field, Fu Jinling, director general of the Department of Economic Construction of the Ministry of Finance, introduced that through the implementation of new tax and fee reduction policies, to help small, medium and micro enterprises rescue to solve difficulties;Special bond funds will be well managed and used to ensure the construction of key projects.We will increase budgets for special funds and state capital operations and support efforts to modernize industrial and supply chains.We will support fully tapping the potential of domestic demand and use demand to drive the supply of industrial products.We will step up assistance and assistance for small and medium-sized enterprises to help market entities operate smoothly., head of the Ministry of Industry and Information Technology operation monitoring and coordination bureau TaoQing, said the next step to promote to carry out the policy of 18, to improve manufacturing industry core competitiveness, focus on promoting the healthy development of small and medium-sized enterprise smooth to facilitate industrial economy running smoothly and quality upgrading, keep the proportion of manufacturing basically stable, enhancing economic “YaCangShi”.Sporadic outbreaks of the epidemic have affected some service sectors.Policies on Promoting the Recovery and Development of Difficult Industries in the Service Sector put forward 10 inclusive rescue and support measures, and put forward targeted rescue measures for catering, retail, tourism, highway, waterway and railway transport, and civil aviation respectively.Dai Shiyou, head of the Policy and regulation department of the State Administration of Taxation, said that in order to ensure that tax cuts, fee cuts and dividends reach industrial and service market players quickly, the collection and administration of tax should be “fast” to ensure that policies are implemented as soon as possible.Propaganda guidance to achieve “fine”, “one to one” precise push policy;Enjoy the preferential to do “simple”, continue to improve the tax preferential policies directly enjoy the working mechanism;We will ensure that oversight is strict, and those who impose excessive taxes and fees or do not fully implement policies to reduce taxes and fees will be investigated and prosecuted.Policy effects should be clear, and taxpayers’ sense of benefit should be further enhanced.GUI Zhen, director of the Unemployment Insurance Department of the Ministry of Human Resources and Social Security, said that we should focus on the “direct and direct” policy of lowering the premium rate, the “free and enjoy” policy of stabilizing the post, and the “targeted force” of delaying the payment of social insurance premiums, and at the same time, we should improve the bottom line of people’s livelihood.The 43 policies on the service sector specifically call for precise implementation of epidemic prevention and control measures, stressing the need to resolutely prevent and avoid the trend of “relaxing epidemic prevention and control” and “excessive prevention and control”.On the basis of strictly implementing the epidemic prevention policies and requirements of the Joint Prevention and Control Mechanism of The State Council, the Policies on Promoting the Recovery and Development of Industries in Difficulty in the Service Sector further put forward precise epidemic prevention requirements for the service sector.First, cities and areas should not be closed in violation of relevant regulations on epidemic prevention and control, and public transport should not be interrupted unnecessarily or without approval.Second, restaurants, supermarkets, scenic spots, cinemas and other relevant service places shall not be closed without adjustment or policy basis, and the closing time shall be extended.Third, it is forbidden to arbitrarily increase epidemic prevention and control measures for the service sector on the basis of the policy requirements of the Joint prevention and control mechanism of The State Council.At the same time, it is clear that provincial-level people’s governments should coordinate the overall requirements of epidemic prevention and control measures in their respective regions, and establish a special working mechanism to reflect, verify and correct problems of epidemic prevention and control measures at different levels according to the characteristics of the service industry.The service sector policy clearly states that small and micro businesses in the service sector and individual businesses renting state-owned houses in county-level administrative areas classified as high-risk areas in 2022 will be exempted from six months ‘rent in 2022, and three months’ rent in other areas.If rent reduction or exemption affects the performance of state-owned enterprises and institutions, it shall be recognized according to the actual situation in the assessment.Source: Xinhua