Li Keqiang presided over the economic situation forum of the principal responsible persons of the provincial governments with major economies

2022-08-17

On August 16, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, presided over a forum of principal officials of the governments of major economic provinces in Shenzhen to analyze the economic situation and put forward requirements for the next step of economic work. At the meeting, Li Xi, member of the Political Bureau of the CPC Central Committee and Secretary of the Guangdong provincial Party committee, and Wang Weizhong, governor of Guangdong Province, made speeches. Xu Kunlin, governor of Jiangsu Province, Wang Hao, governor of Zhejiang Province, Zhou Naixiang, governor of Shandong Province, Wang Kai, governor of Henan Province, and Huang Qiang, governor of Sichuan Province, made speeches through video. In July, the economy continued to recover its development trend, but there was still a slight fluctuation. The momentum must rise but not fall. At present, we are at the most difficult juncture of economic recovery. We must consolidate the foundation of economic recovery and development with a sense of urgency that time will not wait. We should give full play to the initiative of the central and local governments, adhere to the principle that development is the foundation and key to solving all problems in China, deeply implement the package of policies to stabilize the economy, rationally increase the strength of macro policies in light of the new situation, promote reform and opening up, strive to stabilize employment and stabilize prices, maintain the economic operation within a reasonable range, and solidly guarantee the basic livelihood of the people. Li Keqiang said that the total economic output of the six major economic provinces accounts for 45% of the country, and they are the "pillars" of the country's economic development. Major economic provinces should bravely take the lead and play a key supporting role in stabilizing the economy. We will implement a package of policies to stabilize the economy, tap the potential of our own policies, ensure the vitality of market players, ensure the smooth flow of main logistics roads and microcirculation, and stabilize the industrial chain and supply chain. A stable economy is also a stable source of wealth. Four coastal provinces in the six provinces have contributed more than 60% of the local net contributions to the central finance, and they should complete the task of financial handover. The central government has basically issued transfer payments to local governments. All provinces should adhere to the principle that the government should live a tight life, revitalize the fiscal stock funds, maintain fiscal revenue and expenditure balance, increase the sinking of financial resources, and ensure the "Three Guarantees" at the grassroots level, especially the basic people's livelihood expenditure and the payment of wages at the grassroots level. Li Keqiang said that only when the main body of the market is stable can the economy and employment be stable. The number of market entities in the six provinces accounted for more than 40% of the country, contributing more than 40% of the employment. We should, in light of the actual situation, step up efforts to help enterprises and help them recover their vitality, continue to play a good role in attracting employment, and strive to stabilize the employment of local and migrant workers. Sluggish demand is a prominent contradiction in economic operation. The economic province has a large population, so it is necessary to find more ways to promote consumption, expand large-scale consumption such as automobiles, and support rigid and improved housing demand. At present, the balance of local special bonds has not reached the debt limit, so we should activate the debt limit space according to law, and make good use of the issued local special bonds and policy oriented development financial instruments. The more qualified projects, the more funds will be obtained. All localities should accelerate the construction of mature projects, form more physical workload in the third quarter, and drive effective investment and corresponding consumption. Li Keqiang said that it is one of the major economic provinces

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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