New Adjustment Of China'S Economic Policy

"Raise the export tax rebate rate of some industries" and "increase the credit scale of commercial banks"...

Since entering the August, China's fiscal and monetary two macroeconomic policies have continued to remain basically stable, and some new adjustments have been made. This has attracted close attention from the economic circles.

There is deep meaning behind the subtle changes.

In the first half of the year, when China's economic growth rate has dropped and inflation pressure has not been reduced, the recent new measures are adapting to the changes of China's macroeconomic regulation and control tasks, and can be launched in a timely manner, so as to maintain steady and rapid economic development.

At present, the primary task of China's macroeconomic regulation and control has shifted from "overheating prevention and inflation prevention" to "one insurance one control" in the first half of the year.

The meeting of the Central Political Bureau held in late July clearly put forward "to maintain stable and rapid economic development and control excessive price rises" as the primary task of macroeconomic regulation and control, and put inflation in a prominent position.

The central government proposes to maintain the continuity and stability of macroeconomic policies, focus on solving the outstanding contradictions and problems in economic operation, enhance the foresight, pertinence and flexibility of macroeconomic regulation and control, and grasp the key points, rhythm and intensity of regulation.

In the first half of this year, due to the weakening of external demand and the "three rate and two price" (exchange rate, interest rate, export tax rebate rate, labor force price and raw material price), China's export growth slowed down obviously, and many small and medium textiles

Enterprises are facing difficulties.

The export tax rebate rate callback is conducive to maintaining stable development of foreign trade and reducing the export slowdown pressure faced by the textile industry.

Chen Deming, Minister of Commerce, believes that this shows that the state is concerned about the difficulties faced by labor-intensive industries and sends a signal to the business community and the international community.

However, the adjustment did not increase the export tax rebate for labor-intensive products in large areas, but "kept pressure". At the same time, the export tax rebates of some "two high one capital" products were abolished.

This flexible move has been well received by the economic circles, and it is believed that it will help to further promote the pformation of the mode of economic development.

Coincidentally, monetary policy has also been fine-tuning in the first half of the year on the basis of the effectiveness of the credit crunch.

It is noted that the central bank has not raised the deposit reserve ratio since July.

Recently, the central bank has proposed that commercial banks can increase their support for SMEs in terms of credit, increase 5% of the national commercial banks on the basis of the original credit scale, and increase the local commercial banks by 10%.

It is widely believed that this will help alleviate the shortage of SMEs in the context of tight monetary policy.

The two quarter meeting of the central bank monetary policy committee has made special suggestions. The next stage is to further adjust and optimize the credit structure, increase financial support for small businesses, and comprehensively use various monetary policy tools to create a favorable monetary environment for stable and rapid economic development.

The recent changes in policies have been aimed at maintaining steady and fast economic development.

At present, according to the deployment of the Party Central Committee, macroeconomic regulation and control is being carried out smoothly along the predetermined direction. All localities and departments should integrate their ideological understanding with the central government's judgment and overall deployment of the economic situation, implement the principles and policies, create a favorable environment for economic development, and we will surely win greater achievements in economic and social development.