More Than 10 Provinces, The Supply Side Reform Plan To See If There Is Your Hometown?

According to media reports, more than 10 provinces have been introduced. Supply-side reform Plan to speed up the implementation phase. Experts believe that it is the key task of China's economic structural reform to actively and steadily resolve the excess capacity of the steel and coal industry and achieve the development of getting rid of difficulties.

Recently, more than 10 provinces, including Shanghai, Shandong and Jiangsu, have introduced comprehensive and special plans for supply side structural reform. From the perspective of the content of the program, we focus on the deployment of five key tasks: "going to capacity, going to inventory, deleveraging, reducing costs and making up short boards". Many of them also made clear the targets of capacity and deleveraging, and put forward a targeted policy to make up for weaknesses in the weak links in the region.

"The acceleration of supply side reform is expected to continue to usher in substantial progress." He Yanqing, a strategic researcher at Fangzheng Institute, said in an interview with reporters that as a top priority in the structural reform of the supply side, the capacity to build capacity has formed a comprehensive consensus at the national and local levels.

On May 18th, Premier Li Keqiang chaired the executive session of the State Council, and proposed that the central enterprises should be "slim and healthy" to improve quality and efficiency, and quickly eliminate iron and steel, coal and so on. industry Backward production capacity, the next two years to reduce the central enterprises about 10% of the existing capacity of iron and steel and coal.

On the same day, the Ministry of Finance issued the "Regulations on the management of special compensation funds for industrial restructuring", making clear that the central government has set up a special award and supplement fund for industrial restructuring, and has awarded awards to local and central enterprises to resolve the excess capacity of steel and coal and carbon industries. It encourages the local governments, enterprises, banks and other creditors to make full use of mergers and acquisitions, debt restructuring and bankruptcy liquidation to achieve market clearing. The scale of the special award subsidy fund is 1000 billion yuan, and a cascade award is added.

"Steel and coal industry is an important basic industry in China's economic operation, and has made outstanding contributions to China's economic and social development." The head of the Ministry of economic construction of the Ministry of Finance said that in recent years, economic growth has slowed down. market demand Insufficient impact, the steel and coal industry has formed a large number of excess capacity. It is the key task of China's economic structural reform to actively and steadily resolve the excess capacity of the steel and coal industry and achieve the development of getting rid of difficulties.

Reporters found through combing, there are more than 10 provinces have introduced structural reform of the supply side comprehensive programs and special programs. Among them, Shandong Province recently issued the "Implementation Opinions on further promoting the structural reform of supply side". It is proposed that within 3 years, steel and coal production capacity will be reduced by 10 million tons and 45 million tons respectively, and nearly 60% coal mines will be withdrawn in five years. From 2016 to 2018, the capacity utilization rate of 9 high capacity industries in Shandong, including steel, cement, electrolytic aluminum, flat glass, ship, oil refining, tires, coal and chemical industry, will strive to rise to more than 80%.

"China's capacity to increase production capacity is gradually increasing." Xingye securities (601377), a researcher who did not want to be named, told reporters that the steel production capacity targets proposed at the beginning of this year were 3 to 5 years to compress the crude steel production capacity from 1 billion tons to 1.5 million tons. The average annual compression capacity was about 3000 million tons per year. The meeting proposed 2 years to remove 10% of the capacity. According to the total production capacity of 12 billion tons, the average annual capacity needed to remove 60 million tons of production capacity was significantly increased.

Some researchers pointed out that the special award complement measures are conducive to improving the enthusiasm of local governments in coordinating production capacity. Iron and steel and coal enterprises are often local financial and employment large households. Therefore, in the process of production capacity, some of the government's attitude is inevitable. Therefore, on the one hand, the state has assigned tasks, requiring all localities to strictly implement production capacity in accordance with the targets. On the one hand, it also implements the system of reward and compensation: the total scale of the reward and compensation funds is 100 billion yuan, of which the basic fund is 80 billion yuan, which is allocated according to the factors such as the amount of work to be exited, the number of workers to be resettled, the degree of difficulty and so on, and the reward level of the ladder award is 20 billion yuan, which is used to reward the provinces and central enterprises that have over fulfilled their tasks. Paying equal attention to rewards and rewards can effectively enhance the enthusiasm of local governments to cooperate with the central government.