The regular session of the National Assembly emphasizes ensuring reasonable economic growth in the second quarter! Announcement of special inspections in 12 provinces

The National Congress once again focused on the economy.

On June 8, Premier Li Keqiang of the State Council chaired an executive meeting of the State Council and listened to the report on the special supervision of stabilizing growth, stabilizing market entities and ensuring employment, and requested to clear the blocking points, improve supporting facilities, and give full play to the policy effect; deploy measures to further stabilize foreign trade and foreign investment, improve level of openness.

The meeting announced the special inspections carried out in 12 provinces to stabilize growth, stabilize market players and ensure employment. Judging from the supervision and inspection, all localities have implemented the deployment of the CPC Central Committee and the State Council, accelerated the implementation of the policies determined by the Central Economic Work Conference and the government work report, and a package of measures to stabilize the economy. enhanced.

Take a look at the highlights of this meeting:

1. The meeting emphasized that the downward pressure on the economy is still prominent, and all localities should earnestly shoulder the responsibility of ensuring the well-being of the people, ensure reasonable economic growth in the second quarter, and stabilize the overall economic market.

2. The meeting requested that the State Office should feedback the problems found in the inspection and report the typical ones. Provinces not included in this inspection will be inspected in conjunction with the State Council's annual inspection. Correct it as soon as possible.

3. Local governments should focus on ensuring market entities, stabilizing jobs and employment, and strengthening policy support; ensuring the return of summer grain pellets, ensuring the stable supply of coal and electricity, and supporting price stability.

4. For a package of measures to stabilize the economy, localities and departments have not yet issued supporting policies and detailed implementation rules to launch them as soon as possible.

5. To further expand opening to the outside world. While implementing the policies that have been introduced to stabilize foreign trade and foreign investment, we will increase support.

6. For enterprises with good credit for export tax rebates, tax rebates will be implemented in stages within 3 working days, to expand the import of high-quality products, to speed up the efficiency of port loading, unloading, transshipment and customs clearance, and to maintain the stability of the international industrial chain and supply chain.

7. Research on the reduction or exemption of port-related charges in stages.

8. Actively attract foreign investment, create a market-oriented, law-based and international business environment, and expand the catalogue of encouraged foreign investment in manufacturing in the central and western regions.

Announcement of special inspections in 12 provinces

Recently, following the State Council's "Package of Policies and Measures for Solidly Stabilizing the Economy", follow-up policy measures and implementation plans have been issued in many places across the country. The National Standing Committee held on June 1 requested that the inspection teams of the 12 provinces should form reports as soon as possible on the basis of on-the-spot inspections, and report outstanding problems in the implementation of policies.

The state regular meeting announced the special inspection situation. The meeting pointed out that from the perspective of supervision and inspection, all localities have implemented the deployment of the Party Central Committee and the State Council, accelerated the implementation of the policies determined by the Central Economic Work Conference and the government work report, and a package of measures to stabilize the economy. , Market confidence increased.

The meeting emphasized that the downward pressure on the economy is still prominent. It is necessary to efficiently coordinate epidemic prevention and control and economic and social development. All localities must earnestly shoulder the responsibility of ensuring the well-being of one side's people, and promote the refinement and implementation of economic stabilization policies with a sense of urgency. Reasonable growth and stable economic market.

The meeting has deployed the next work requirements:

First, the State Office should feedback the problems found in the inspection and notify the typical ones. All aspects should draw inferences from one case to another to sort out the existing problems and rectify them as soon as possible. The State Office should check the rectification situation, and use "Internet + Supervision" to continuously track the implementation of policies and promote the resolution of new problems. Provinces not included in this inspection will be inspected in conjunction with the State Council's annual inspection.

Second, local governments should focus on ensuring market entities, stabilizing jobs and employment, and strengthening policy support; ensuring the return of summer grain pellets, ensuring the stable supply of coal and electricity, and supporting stable prices;

Third, for a package of measures to stabilize the economy, localities and departments have not yet issued supporting policies and detailed implementation rules to launch them as soon as possible.

The meeting also emphasized that the department should seriously study and improve the policies for the opinions and suggestions reflected in this inspection.

This special inspection found that in some places there are problems such as inadequate implementation of policies, "one size fits all", and arbitrary charges and fines.

Coordinate to solve the difficulties of foreign trade and foreign-invested enterprises in resuming production, project construction, etc.

The meeting pointed out that opening to the outside world is my country's basic state policy, and stabilizing foreign trade and foreign investment is related to the overall economic situation and employment situation, and we must further expand opening to the outside world.

While implementing the policies that have been introduced to stabilize foreign trade and foreign investment, we will increase support. Give full play to the role of mechanisms such as stabilizing foreign trade and foreign investment at all levels, and coordinate and resolve difficulties such as resumption of production and project construction by foreign-invested enterprises in foreign trade.

"We want to help foreign-funded enterprises solve the problems they encounter in resuming work and production under the current circumstances." Wang Shouwen, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations, said that two years ago, when the epidemic first broke out, the State Council established the Foreign Trade and Foreign Investment Coordination mechanism, and set up a special work class for key foreign-funded projects.

As of May 31 this year, the Ministry of Commerce has helped key foreign-funded enterprises to solve the number of key cargo transportation vehicle passes to more than 1,100, enabling foreign-funded enterprises to ensure smooth and smooth cargo transportation. We also coordinated the inclusion of relevant foreign-funded enterprises on the whitelist for resumption of work and production, so as to speed up their resumption of work and production under the epidemic. As far as Shanghai is concerned, most key foreign-funded enterprises have resumed work and production.

For some enterprises, the export tax rebate will be in place within 3 working days.

The meeting proposed that enterprises with good export tax rebate credit will be implemented in stages within 3 working days, to expand the import of high-quality products, to speed up the efficiency of port loading, unloading, transshipment and customs clearance, and to maintain the stability of the international industrial chain and supply chain. Study the phased reduction or exemption of port-related charges.

This is the second time the General Assembly has made arrangements for export tax rebates since mid-April. The State Council executive meeting held on April 13 decided to further increase policy support such as export tax rebates. Subsequently, on April 20, 10 departments including the Ministry of Transport, the Ministry of Commerce, the Ministry of Culture and Tourism, the People's Bank of China, the General Administration of Customs, the State Administration of Foreign Exchange and the China Banking and Insurance Regulatory Commission jointly formulated and issued the "On Further Strengthening the Support for Export Tax Rebates to Promote the Stable Development of Foreign Trade" "Notice", put forward 15 measures in three areas, focusing on policy relief, focusing on reducing the burden of export enterprises, focusing on convenient tax rebates, focusing on improving the efficiency of capital circulation, focusing on optimizing the environment, and focusing on promoting the stable development of foreign trade.

Li Xingqian, Director-General of the Department of Foreign Trade of the Ministry of Commerce, believes that the Ministry of Commerce will further play the role of export credit insurance in risk protection and financing credit enhancement together with relevant departments to help foreign trade enterprises increase their confidence in receiving orders and stabilize their development expectations.

For example, strengthen the connection between export credit insurance and export tax rebate policies, treat export credit insurance indemnities obtained by enterprises as foreign exchange collections, and allow enterprises to handle tax rebates. Actively expand industrial chain underwriting, deepen collaborative services for upstream and downstream enterprises, and support the development of new business formats such as cross-border e-commerce and overseas warehouses, and provide more targeted and differentiated credit insurance services.

Expand the catalogue of encouraged foreign investment in manufacturing in the central and western regions

The meeting decided to actively attract foreign investment, create a market-oriented, law-based and international business environment, and expand the catalogue of encouraged foreign investment in manufacturing in the central and western regions.

The current "Catalogue of Industries Encouraged for Foreign Investment" is the 2020 edition. On May 10, the National Development and Reform Commission and the Ministry of Commerce announced the "Catalogue of Industries for Encouraging Foreign Investment (2022 Edition) (Draft for Comment)", proposing to continue to encourage foreign investment in manufacturing, and continue to encourage foreign investment in the central, western and northeastern regions.

Since the beginning of this year, investment in the central and western regions has grown rapidly. The latest data from the Ministry of Commerce shows that in the first quarter, the actual use of foreign capital in the central and western regions of my country increased by 60.7% and 21.9% year-on-year respectively.

Bai Ming, deputy director of the International Market Research Department of the Research Institute of the Ministry of Commerce, believes that there are a large number of labor-intensive industries in the central, western and northeastern regions, and there is a large space for foreign capital utilization. Encourage foreign investment to invest in these regions, which can make greater efforts to release the space and potential of foreign capital utilization in these regions.

Article source: Brokers China