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Wen Jiabao: Putting The Real Estate Market Regulation Policy Into Practice

2011/7/13 10:18:00 50

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Avoid the lagging effect of monetary policy and the superposition of multiple factors.

It is necessary to reduce the price increase and not to make the economic growth fluctuate.

Market regulation

Put into practice

On from July 4th to 11th, Premier Wen Jiabao held four rounds of Symposium on economic situation and listened to the opinions and suggestions of heads of some provincial governments, heads of enterprises and economic experts.

The heads of 8 provinces such as Liaoning and Shaanxi are responsible for the enterprises of iron and steel, electric power and other industries.

Macro economy

Experts in the field of finance, agriculture and other fields generally reflected that at present, the economy has maintained steady and rapid growth, the efficiency of enterprises has continued to increase, fiscal revenue has increased substantially, the economic structure has been further optimized, employment and residents' incomes have increased steadily, people's lives have been further improved, and macroeconomic regulation and control is achieving positive results.

However, the environment at home and abroad is still very complex, and the "dilemma" faced by macroeconomic regulation and control is increasing.

The main contradiction in the economic operation is that the pressure of price rise is still greater, the financing of small and medium-sized enterprises is difficult, the contradiction between supply and demand of some SMEs is aggravated, and some enterprises are facing difficulties in production and operation. It is suggested that macroeconomic policies should be basically stable, and macroeconomic policies should be grasped so as to support independent innovation of enterprises, promote merger and reorganization and upgrading of industrial structure, perfect import and export policies, support enterprises' "going out", properly handle the problems of financing platform companies of local governments, and promote the healthy development of the real estate market.

Wen Jiabao stressed that we should continue to take the overall level of stabilizing prices as the primary task of macroeconomic regulation and control, and adhere to macroeconomic regulation and control.

Basic orientation

At the same time, according to the changing situation, we should improve the pertinence, flexibility and foresight of policies, grasp the intensity, rhythm and key points of macroeconomic regulation and control, handle the three relations of maintaining stable and rapid economic development, readjust the economic structure and manage the inflation expectations.

We must persist in implementing a prudent monetary policy and maintain a reasonable growth in the total amount of social financing.

Efforts should be made to optimize the credit structure, raise the level of financial services, and increase credit support for structural adjustment, especially for agriculture and small businesses.

We should improve the framework of macro Prudential policy and make rational use of various monetary policy tools to improve policy pertinence.

Further reform of interest rate marketization and exchange rate formation mechanism should be further promoted.

Strengthen effective monitoring of cross border capital.

Strengthening the supervision of off balance sheet banking activities.

Avoiding the lagging effect of monetary policy and multiple factors will have a great impact on the next stage of the real economy.

We should conscientiously implement the proactive fiscal policy, increase revenue and reduce expenditure, and optimize the expenditure structure.

We should strengthen the supervision of local government debt, continue to standardize local governments' financing platform companies, strictly control the increments, gradually digest the stock, and effectively resolve the debt risks.

According to the principle of classified management and differentiated treatment, we should properly handle debt repayment and subsequent financing of construction projects.

Wen Jiabao asked for a number of key tasks to co-ordinate the overall situation of the relationship.

First, we must maintain a basically stable overall price level.

To control the total amount of money, we must do a good job in the production of [15.70 0.32% shares of agricultural products: production, especially food supply, and promote the balance between supply and demand; effectively reduce the excessive circulation costs, standardize the development of the housing rental market, grasp the timing and intensity of government management price adjustment, strengthen price supervision and stabilize inflation expectations.

Two, we must unswervingly implement the real estate market regulation policy.

We should continue to curb unreasonable housing demand, focus on the construction of affordable housing and ordinary commercial housing, carry out 10 million sets of affordable housing construction plans, strengthen financial support and promote system construction.

Three, we must do a good job of agriculture and grain production without delay.

Continue to implement the responsibility system of "rice bag" governor and the mayor responsibility system of "vegetable basket".

We should implement policies and measures to support sustainable and healthy development of pig industry, increase market supply and promote market stability.

Four, we should do a good job in structural adjustment and energy saving and emission reduction.

Five, we must strive to maintain steady growth in foreign trade and promote a basically balanced foreign trade.