Five "More Attentions" For Fiscal Policy Implementation

　   溫家寶總理在今年的政府工作報告中指出，要繼續實施積極的財政政策和適度寬松的貨幣政策。財政部部長謝旭人日前在談及今年繼續實施積極的財政政策時，更是用了五個“更加注重”來加以闡述。

Xie Xuren said the five "more attention" means paying more attention to adjusting the economic structure, improving the quality and effectiveness of economic growth, paying more attention to expanding domestic demand, especially consumption demand, ensuring the steady and rapid economic development, paying more attention to ensuring and improving people's livelihood, promoting the coordinated development of economy and society, paying more attention to further deepening the reform of fiscal and taxation system, and strives to enhance the internal driving force and vitality of economic development and financial development.

At the same time, we should pay more attention to further strengthening the scientific and meticulous management of finance, strive to improve the performance of financial funds, and further guard against potential financial risks.

In the key year to speed up the pformation of the mode of economic development, how to make fiscal policy work and maintain the steady and rapid economic development has been a common concern of all parties.

The five "more attention" put forward by Xie Xuren undoubtedly pointed out the new focal point of implementing the proactive fiscal policy this year.

Under the influence of the international financial crisis, China's continuous structural tax reduction measures have become an important force for economic recovery.

Whether it is to lower the stamp duty rate of securities pactions, or to lower the real estate paction tax, or to raise the export tax rebate rate continuously, or to reduce the overall promotion of small displacement vehicle purchase tax and value-added tax reform, the role of structural tax cuts should not be underestimated.

The financial budget report, which was examined at the three session of the eleven National People's Congress, pointed out that the tax and fee waiver policies in 2009 reduced the burden on enterprises and residents by about 500 billion yuan, and promoted enterprises to expand investment and stimulate household consumption.

Xie Xu, Minister of finance, said that these measures also optimized and adjusted the structure of the national financial expenditure, and ensured more important expenditures such as education, health care, social security, affordable housing and environmental protection.

This year, structural tax cuts will continue.

It can be expected that structural tax reduction measures will still play a very important role in encouraging investment, expanding consumption, promoting employment and adjusting the economic structure.

Ai Hongde, President of the National People's Congress and President of Dongbei University of Finance and Economics, said that a reasonable implementation of the tax reduction policy will bring about financial losses in the short term, but it can alleviate the difficulties of enterprises and facilitate the steady and rapid economic development. In the long run, it will lay a foundation for the growth of fiscal revenue.

Therefore, reforming and optimizing the tax system and promoting structural tax reduction will play an important role in enhancing the vitality of China's market economy, enhancing the development and innovation ability of enterprises, and enhancing the potential of China's economic development.

In addition to continuing to implement structural tax cuts and optimizing the structure of fiscal expenditure, active fiscal policy should focus on supporting agricultural infrastructure and rural livelihood projects, support the construction of affordable housing, promote the development of education, health care, culture and other social undertakings, support energy conservation, environmental protection and ecological construction, as well as enterprises' independent innovation and structural adjustment.

According to the budget report, the expenditure on science and technology in 2010 was 163 billion 285 million yuan, an increase of 8%, which was 1.7 percentage points higher than the average level of central fiscal expenditure.

In this year's government work report, there are new terms such as the integration of new energy vehicles, "three networks" and the Internet of things.

On the capital market level, the most beneficial ones are listed companies on GEM.

We know that the GEM listed companies must have "two high six new", that is, high growth, high technology content, new economy, new services, new agriculture, new materials, new energy and new business models.

Under the new circumstances, the state has put forward higher requirements and updated standards for economic development.

No matter the adjustment of economic structure or the pformation of economic development mode, the essence is the adjustment of industrial structure.

At this point, the gem has its inherent advantages.

The outstanding market positioning and plate characteristics of gem will attract more enterprises in new energy, new materials, biomedicine, and other prominent enterprises in other fields.