What new trends are revealed in Shandong's latest "policy package" to stabilize employment, enterprises, markets, and expectations

On June 16th, the Shandong Provincial Government released the "Policy Measures to Strengthen Economic Stability and Promote High quality Development", introducing 26 policy measures in four aspects. This is the second batch of policy list released by Shandong this year.

In January of this year, Shandong launched the first batch of policy lists, with 90% of the policy measures aimed at a wide range of business entities. As the first half of the year is coming to an end, Shandong has once again launched a "policy package", conveying what trends and signals?

Keywords: "Four Stabilities"

'Stability' is the biggest highlight of this policy list.

Focusing on better leveraging the role of a major economic province as the "main driver", this policy list proposes 26 policies that benefit enterprises and the people from four aspects: making every effort to stabilize employment, relieving difficulties and stabilizing enterprises, deepening demand to stabilize the market, and optimizing the environment to stabilize expectations.

Upon closer inspection of this policy list, a noticeable characteristic is the timely actions taken in response to the current situation. For example, the policy list prioritizes "stabilizing employment" as the top priority of the "four stabilizations". At present, it is the graduation season of universities, and employment is a hot topic. This policy list proposes to "solidly carry out the tough action of employment services for college graduates", and various measures have been launched for enterprises as the "reservoir" for employment absorption.

For example, since the beginning of this year, foreign trade enterprises have been under pressure due to the impact of tariffs. The policy list proposes targeted measures such as' point-to-point 'door-to-door services for foreign trade enterprises that are greatly affected by tariffs', demonstrating Shandong's determination to further stabilize foreign trade and promote growth.

It can be seen that for key industries, the precise implementation of this policy list can help alleviate their difficulties and provide timely policy support.

Keywords: connection

The second characteristic of this policy list is that the policies are closely connected and have strong continuity.

On April 25th, the Political Bureau of the Central Committee of the Communist Party of China held a meeting and proposed for the first time the "four stabilizations" - "focusing on stabilizing employment, stabilizing enterprises, stabilizing the market, and stabilizing expectations". The policy list introduced by Shandong this time is consistent with the central macro policy orientation.

According to the Provincial Development and Reform Commission, this list is closely linked to national policy trends, and specific measures are refined one by one for the policies that have been clearly defined, in order to maximize the implementation and follow-up; For policies that have not yet been introduced by the country, relevant departments should strengthen communication with superiors, study supporting measures in advance, make good preparations, and strive for initiative in work.

Meanwhile, the 26 measures have strong policy continuity. For example, the first batch of policy lists this year proposed to "improve and build the 'Luhuitong' policy implementation platform", and this time the list is further refined to "complete the overall construction task of the 'Luhuitong' platform by the end of June".

The continuous release of the policy list highlights that Shandong has an abundant policy toolbox, which can timely introduce corresponding measures in the face of changes in the situation and provide strong support for the economic province to better "shoulder the big beam".

Keywords: Experience

Whether a policy is truly awesome is judged not by the number of documents, but by whether it can find the right entry point and give definite guidance. The value of a policy list ultimately lies in its ability to effectively enhance the experience and sense of gain for businesses and the public.

In this policy list, whether it is "strengthening the clearance of overdue corporate accounts", "carrying out special actions to regulate administrative law enforcement related to enterprises", or "expanding the scope of special loan support for stabilizing and expanding employment, expanding the support objects of special loans from small and micro enterprises to small and micro enterprise owners and individual industrial and commercial households", "increasing the support of housing provident fund for housing consumption", etc., all point to the personal perception of the masses and many market entities.

The purpose of this policy list is to make the market and society feel the warmth of integration, increase development confidence, and convey the determination for high-quality development.

Keywords: deterministic increment

With a policy list, the key is how to implement it.

The policy list proposes that "each leading unit should synchronously formulate and implement supporting measures, increase policy interpretation efforts, promote direct access to grassroots and benefit business entities", "regularly organize policy evaluations, strengthen front-line research services, timely solve bottlenecks and problems in policy implementation, and ensure comprehensive implementation and effectiveness".

This adds an extra layer of "insurance" to ensure the smooth implementation of policies, and it is also a self imposed pressure on the economic powerhouse.

In the first quarter of this year, the economy of the whole province has been running steadily and improving, with major indicators better than the national average and expectations. Despite making a good start, the current internal and external environment remains severe and complex, with many uncertain and unpredictable factors. Realizing the "double over half" of major economic indicators and continuing the good momentum in the third quarter is still not a simple task.

For Shandong, it is important to respond to uncontrollable reductions with deterministic increments. The government should focus on stabilizing industries under pressure, accelerating the development of emerging industries, promoting the expansion and improvement of the service industry, and enhancing the contribution of the service industry; Enterprises should make efforts to improve quality and efficiency, increase production of high value-added products, and tap into their potential to expand their growth. These incremental uncertainties cannot be separated from the support of deterministic policies.

The policy list reveals new trends and reflects the determination and attitude of "steadfastly doing our own things well". At critical junctures, timely targeted policy measures will be introduced to accelerate policy implementation, leverage more upward momentum in the province's economy, and provide strong support for maintaining stable and healthy economic development.

Information source: Dazhong Daily