Stabilize the manufacturing industry, the fundamental foundation of economic development, and the State Council's policy to boost it will launch four arrows simultaneously

To maintain the economic operation in a reasonable range, the manufacturing industry has a basic supporting role. At the executive meeting of the State Council chaired by Premier Li Keqiang on January 3, the meeting proposed four targeted measures to promote stable growth in the manufacturing industry.

The four "policy arrows" are: promoting reform and innovation, vigorously developing advanced manufacturing industry, expanding the opening up of manufacturing industry and tapping the potential of domestic demand. The executive meeting of the State Council called for the use of reform methods and market-oriented measures to fully stimulate the vitality of market players, enhance the momentum of development, and promote the steady growth of the manufacturing industry.

Prior to this, the Central Economic work Conference mentioned the word "stability" a total of 29 times, pointing out in particular that to achieve the expected goal in 2020, it is necessary to adhere to the word "stability" and improve the foresight, pertinence, and effectiveness of macro-control. We will continue to make efforts to deepen supply-side structural reform to ensure that the economy achieves reasonable growth in quantity and steady improvement in quality.

The executive meeting of the State Council will focus on the manufacturing industry in order to implement the spirit of the above-mentioned central economic work conference and to stabilize the basic plate of economic development.

The methodology of using reform to promote steady growth in manufacturing is crucial. The executive meeting of the State Council made a number of heavy specific arrangements, such as calling for vigorously improving the business environment and continuing to implement tax and fee reduction measures focusing on the manufacturing industry. Promote the reduction of manufacturing electricity costs and enterprise telecommunications tariffs, and fully liberalize the participation of industrial enterprises above designated size in electricity market-oriented transactions.

In addition, it will also guide financial institutions to innovate ways to alleviate the financing difficulties of small and medium-sized enterprises. We will implement a differentiated credit policy, encourage more medium-and long-term loans in the manufacturing sector, and favor more manufacturing in equity investment and bond financing. Increase the protection of property rights and intellectual property rights.

Manufacturing steady growth from the "upgrade" to do the article. The Central Economic Work Conference specifically proposed to guide funds to invest in areas such as advanced manufacturing, people's livelihood construction, and infrastructure shortcomings that benefit both supply and demand and have a multiplier effect, so as to promote the "double upgrade" of industry and consumption ".

Chen Changsheng, director of the Macroeconomic Research Department of the Development Research Center of the State Council, explained to The Paper that the so-called "double upgrade" means that macroeconomic policies should focus on the direction of making industrial upgrading cater to the upgrading of consumer demand, and industry and consumption upgrade and promote each other. "Local governments should not always turn around on infrastructure investment. Money should be tilted towards industrial upgrading."

In response to this, the executive meeting of the State Council specifically proposed to introduce new infrastructure investment support policies such as information networks to promote intelligent and green manufacturing. We should give better play to the role of private enterprises and small and medium-sized enterprises in manufacturing investment, encourage enterprises to increase investment in technological transformation, upgrade traditional industries with advanced and applicable technologies, promote the application of major innovative technologies and products, the improvement of industrial basic capacity, and the growth of new kinetic energy. improve labor productivity.

In terms of expanding the opening up of the manufacturing industry, the executive meeting of the State Council requested that various obstacles affecting the implementation of the opening policy of the manufacturing industry should be removed, and enterprises should be encouraged to participate in competition and cooperation in the international market. We will improve policies on planning, land use, sea use and energy consumption, and promote major domestic and foreign-funded projects in the manufacturing industry to be put into operation as soon as possible. Encourage and support the central and western regions and the northeast to make greater efforts to undertake industrial transfer and attract foreign investment.

On the last hand, the policy to promote the steady growth of the manufacturing industry falls on the expansion of "domestic demand potential". As Chen Changsheng pointed out, in terms of macroeconomic policy this year, using the promotion of huge market demand to stimulate industrial upgrading is a major focus.

Therefore, the executive meeting of the State Council specifically put forward requirements for the automobile industry whose growth has declined in recent years, and will improve measures to promote the reform and development of the automobile industry. Promote industrial products that meet domestic demand to increase varieties, improve quality, create brands, and enrich consumer choices.

Information source: China Government website