The meeting pointed out that the COVID-19 and the crisis in Ukraine have led to an increase in risks and challenges. The complexity, severity and uncertainty of China’s economic development environment have increased. Stabilizing growth, employment and prices are facing new challenges.
The Political Bureau of the CPC Central Committee held a meeting today to analyze and study the current economic situation and economic work, and review the “national talent development plan during the 14th five year plan”. It clearly requires: “we should stabilize the market players and implement a package of relief and assistance policies for industries, small, medium-sized and micro enterprises and individual industrial and commercial households seriously affected by the epidemic.” Recently, in order to help small, medium-sized and micro enterprises and individual industrial and commercial households get out of their difficulties and solve their urgent needs, a series of policies and measures for relief and assistance have been issued from the central government to the local government.
The meeting stressed the need to effectively control key risks, hold the bottom line of no systemic risks, adhere to the positioning that houses are used for living, not for speculation, support all localities to improve real estate policies from local realities, support rigid and improved housing demand, optimize the supervision of commercial housing pre-sale funds, and promote the steady and healthy development of the real estate market.
Last week, it fell below 3100 points, the market was effective, and the policy remained unchanged at the weekend. Several financial departments held a symposium to convey the spirit of the meeting for the meeting of the financial committee.
According to the article, on April 22, Yi Huiman, chairman of the CSRC, presided over a party committee meeting to convey and study the deployment of the special meeting of the financial committee of the State Council on implementing the spirit of the recent important meeting of the Party Central Committee on economic and social work, analyzed the key sensitive issues concerned by the current market, studied response measures and policy reserves, and re implemented and promoted the relevant arrangements of the financial committee of the State Council in the near future.
Under multiple tests, China’s economy has made an overall smooth start. It started steadily, fully demonstrating the strength of macro policies and economic resilience. Since the beginning of this year, all regions and departments have adhered to the principle of stability and seeking progress in stability, timely introduced policies conducive to economic stability, actively responded to difficulties and challenges, and promoted the overall economic operation within a reasonable range.
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Jeffrey Okamoto, the first vice president of the International Monetary Fund, said that in response to the epidemic, central banks around the world have lowered policy interest rates and expanded asset purchases. They responded quickly to the crisis and were very agile, and their policy support was unprecedented.
“Economic Information Daily” reporter learned from the State Council’s regular policy briefing held on November 6 that according to data from the People’s Bank of China and China Banking and Insurance Regulatory Commission, the financial system in the first 10 months of this year reduced interest rates and delayed repayment of principal and interest by small, medium and micro enterprises. The two direct tools of P&W micro-credit loans, reduction of fees, support for corporate restructuring and debt-to-equity swaps, have already delivered about 1.25 trillion yuan in profits to the real economy.