Monetary Policy Needs To Maintain Moderate Liquidity.

Recently, the monetary policy committee of the people's Bank of China solemnly convened in Beijing in the first quarter of 2015. The meeting stressed the need to conscientiously implement the spirit of the eighteen, eighteen third, Fourth Plenary Session and central economic work conference of the party, and pay close attention to the latest trends in international and domestic economic and financial and changes in international capital flows.

The conference analyzed the current economic and financial situation at home and abroad. The meeting held that China's economic and financial operation is generally stable, but the situation is complicated and can not be underestimated. The world economy is still in the deep adjustment period after the international financial crisis. The economic trend of major economies is further differentiated, and the positive signs of the US continue to increase. The euro area is still facing deflation risk, and some emerging economies are facing more difficulties in the real economy. International commodity price fluctuations, geopolitical game and other non economic factors have an impact on the global economy and international financial markets.

The meeting was chaired by Zhou Xiaochuan, chairman of the people's Bank of China and chairman of the monetary policy committee. Members of the monetary policy committee, Wang Baoan, Hu Xiaolian, Yi Gang, Pan Gongsheng, Ma Jiantang, Shang Fulin, Xiang Junbo, Hu Huaibang, Hu Huaibang, Song Guo Qing At the meeting, Xiao Jie, Zhu Zhixin and Chen Yulu asked for leave on official duties. The responsible comrades of the Chengdu branch of the people's Bank of China and the Xi'an branch attended the meeting.

Insist on steady progress and Reform innovate We should continue to implement prudent monetary policy and pay more attention to it. Moderate elasticity We should use various monetary policy tools flexibly, maintain moderate liquidity, and achieve reasonable growth in money and credit and social financing scale. We should improve and optimize the financing structure and credit structure. Raise the proportion of direct financing and reduce the cost of social financing. We will continue to deepen the reform of the financial system and enhance the efficiency of financial operation and the ability to serve the real economy.

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The designation of minimum wage standard is very important, in order to better protect the basic life of low-income workers and their family members, and enable people to lead a better life.

The all China Federation of trade unions held a press conference in Beijing on 1 th, and announced the adjustment of minimum wage standards in various parts of China. The circular pointed out that in 2014, there were 18 provinces in Beijing and Shenzhen, which adjusted the minimum wage standard. The average growth rate of the 19 regional minimum monthly wage was 14%, which was lower than that of 17% in 2013.

The minimum wage system is an institutional arrangement for protecting the economic rights and interests of labourers and an important means to raise the wage level of low-income workers.

Bulletin pointed out that in 2015, as of now, Beijing, Tianjin and other 6 provinces and Shenzhen have successively adjusted the minimum wage standard, the adjustment range is generally around 10%. Judging from the adjustment, this year's minimum wage increase has been reduced compared with last year.

The circular pointed out that from 2011 to 2014, 24, 25, 26 and 18 provinces in the whole country adjusted the minimum wage standard, and the adjustment ranges were 22%, 20%, 17% and 14% respectively.

It is understood that the national "12th Five-Year plan" plan and the State Council's approval of the "opinions on deepening the reform of income distribution" document clearly stipulates that the minimum wage standard increased by more than 13% during the "12th Five-Year" period, and the minimum wage standard in most areas reached more than 40% of the average wage of local urban employees. Up to now, the progress of the 12th Five-Year plan has been mixed.

According to the completion of the annual average growth rate of 13% of the minimum wage in the bulletin, the 25 provinces that have not yet adjusted the minimum wage standard this year, the minimum wage standard of 16 provinces will increase by 15% within 2015, and the target of 12th Five-Year will be completed.

From April 1st, the minimum monthly wage of Shanghai workers will be adjusted from the current 1820 yuan to 2020 yuan, ranking the first place in the national minimum wage standard. This is the twenty-second time that Shanghai has raised the minimum wage. At the same time, the minimum monthly wage in Guangdong rose to the highest level of 1895 yuan, ranking second; the monthly minimum wage in Tianjin moved to 1850 yuan in the third place; the monthly minimum wage in Beijing was adjusted from 1560 yuan to 1720 yuan, ranking fourth.

It can be seen that the minimum wage level in almost all regions is above 1000 yuan. Among them, compared with other regions, Guangxi has the lowest monthly minimum wage rate of 830-1200 yuan, while Guizhou and Heilongjiang minimum wage rates are 850-1030 and 850-1160 respectively.

In addition, it is worth noting that Heilongjiang and Tibet have not adjusted the minimum wage standards for two consecutive years, which do not meet the requirements of "minimum wage standards at least once every two years" in the minimum wage regulations.

According to the data of the National Federation of trade unions, the number of workers directly or indirectly affected by the minimum wage adjustment accounted for 20% of the employees, and most of the staff members should receive the average wage or higher than the minimum standard.