The government released the reform dividend and issued eight policies at the same time

Abstract After the release of economic data in the first half of the year, China ushered in a policy-intensive release period. From July 20 to August 20, the State Council has successively introduced the liberalization of loan interest rate control, the monthly sales of not more than 20,000 yuan, the enterprise is exempt from the two taxes, and the "battalion reform and increase" pilot has been extended to the whole country. plus...
After the release of economic data in the first half of the year, China ushered in a policy-intensive release period. From July 20 to August 20, the State Council has successively introduced the liberalization of loan interest rate control, the monthly sales of not more than 20,000 yuan, the enterprise is exempt from the two taxes, and the "battalion reform and increase" pilot has been extended to the whole country. Accelerate the development of energy conservation and environmental protection industries, promote information consumption, financial support for the development of small and micro enterprises, "Broadband China" strategy, and reform the railway investment and financing system and other eight important policy measures.

Experts pointed out that this year is an important year for deepening the reform of the economic system. This series of reform measures has the characteristics of "combining the length and the length", taking into account the steady growth and restructuring, reflecting the intention of the new government to "reward the reform." And determination.

State Council intensive policy

China announced its economic data for the first half of the year on July 15. The GDP growth rate slipped to the “lower limit”. Since then, a series of policies of “stable growth, restructuring, and reform” have been introduced intensively.

According to the reporters of Chinanews.com, during the month from July 20 to August 20, China has issued eight major policies, including:

On July 20th, China fully liberalized the lending rate control of financial institutions, canceled the lower limit of the lending rate of financial institutions by 0.7 times, and the financial institutions independently determined the loan interest rate according to commercial principles.

On August 1, small and micro enterprises with monthly sales of less than 20,000 yuan are temporarily exempt from VAT and business tax. The exemption of the two taxes will bring benefits to more than 6 million small and micro enterprises. According to preliminary estimates, the annual tax reduction is expected to be nearly 30 billion yuan. At the same time, the pilot reform of the transportation industry and some modern service industry business tax has been carried out nationwide. According to estimates, in 2013, all pilot enterprises will reduce the tax burden by about 120 billion yuan.

On August 11, the State Council issued the "Opinions on Accelerating the Development of Energy Conservation and Environmental Protection Industry", proposing that by 2015, the total output value of China's energy conservation and environmental protection industry should reach 4.5 trillion yuan.

On August 12, the State Council promulgated the "Implementation Opinions on Financial Support for the Development of Small and Micro Enterprises", which clearly stated that the growth rate of loans for small and micro enterprises should not be lower than the average level of various loans, and the increment should not be lower than the same period of the previous year. At the same time, vigorously expand the direct financing channels of small and micro enterprises, and effectively reduce the financing costs of small and micro enterprises.

On August 14, the State Council promulgated the "Several Opinions on Promoting Information Consumption to Expand Domestic Demand", and proposed that by 2015, the scale of information consumption will exceed 3.2 trillion yuan, with an average annual growth rate of more than 20%, driving the related industries to increase output by more than 12,000. The goal of 100 million yuan.

On August 17, the State Council issued the "Broadband China" Strategy and Implementation Plan, proposing that by 2015, the next generation of national information infrastructure that meets the needs of economic and social development will be initially established. Basically realize urban fiber to the building, rural broadband into the village, the penetration rate of fixed broadband households reached 50%.

On August 19th, the State Council issued the "Opinions on Reforming the Railway Investment and Financing System to Accelerate the Railway Construction", proposing to release the intercity railway, the municipal (suburban) railway, the resource development railway and the feeder railway to the local government and social capital. The ownership and management rights encourage social capital to invest in the construction of railways. At the same time, it is necessary to study the establishment of a railway development fund, create conditions, and change the price of railway freight from government pricing to government-guided price to increase freight elasticity.

Unleash the biggest dividend for reform

Zhao Xijun, deputy dean of the School of Finance and Finance of Renmin University of China, said in an interview with Zhongxin.com that a series of intensive policies have highlighted the idea of ​​a new government’s “reward for reform” during the transition period of China’s economy.

In fact, Premier Li Keqiang has emphasized the importance of "reform" more than once. Li Keqiang said at the symposium on promoting development and poverty alleviation in Lanzhou on the 19th that China's economic development has entered a period of transition. It is necessary to focus on releasing the biggest dividend of reform, stimulating market and social vitality, and enhancing the endogenous driving force for development. This will promote the long-term sustainable and healthy development of the economy and create an upgraded version of the Chinese economy.

The relevant person in charge of the National Development and Reform Commission also made it clear that "it is necessary to carry out the reform projects that have been identified, have the conditions, and take the initiative to launch the whole system, and to make one out of one, continuously release the institutional dividends of reform, stimulate social vitality, and enhance Development momentum."

"The official has clearly pointed out that this year is an important year to deepen the reform of the economic system. Therefore, the introduction of a series of reform measures is also expected." Zhao Xijun told the reporter of Chinanews.com that these reform measures reflect the new one. The intention of the government to "make a dividend to reform" has the characteristics of "combination of length and length."

Zhao Xijun pointed out that some reform measures should solve the constraints of some systems and mechanisms in the current economic operation, and the dividend of reform will be released in a short period of time. For example, the liberalization of loan interest rates will help reduce the cost of corporate loans; The reform measures focus on long-term considerations and clarify the plans and targets. The dividends will be reflected in the future. For example, the railway investment and financing reforms will only be reflected in the implementation of the implementation rules.

"Overall, the reform adheres to the direction of marketization, comprehensive consideration, taking into account long-term interests and short-term benefits, which is conducive to stable growth and to the adjustment of structure and transfer mode." Zhao Xijun said that a series of reforms can improve economic growth. Efficiency and economic stability.

Zhao Xijun pointed out that it can be seen that the new government has put more emphasis on the role of reform, and it is by no means an oral statement. Now some reform measures, programs and pilots are being pushed forward in real terms, fully reflecting the acceleration of the new government. And the determination to implement reforms.