How to look at the economic situation to stabilize prices and help companies in bailouts
——The National Development and Reform Commission responded to the hot spots of economic operation
Wei Yukun Wang Yueyang Yang Siqi
The middle of the year is approaching, facing multiple pressures such as the more complex and severe international environment and the impact of the domestic epidemic, how do you view China‘s economic situation? How to stabilize prices and help enterprises bail out? Meng Wei, spokesman for the National Development and Reform Commission, responded at a press conference on the 16th.
Economic operation gradually stabilized
“Since May, the overall epidemic situation across the country has shown a downward trend, the normal production and living order has been restored at an accelerated pace, the economic operation has gradually stabilized, and major economic indicators have shown marginal positive changes.” Meng Wei said.
Production and supply have gradually recovered, and domestic demand has recovered. Agricultural production is generally stable. Wheat is being harvested in major production areas. Summer grains are expected to have another bumper harvest. The resumption of production by industrial enterprises is accelerating, and the production of the service industry is gradually recovering. In the first five months, investment in fixed assets increased by 6.2% year-on-year, and household consumption was steady. Recovery, the growth rate of foreign trade imports and exports rebounded significantly.
Market expectations have improved. In May, China‘s manufacturing purchasing managers’ index (PMI) and non-manufacturing business activity index were 49.6% and 47.8% respectively. Although they were still below the line of prosperity and decline, they rebounded by 2.2 points and 5.9 points respectively from the previous month. percent.
Meng Wei said that he will continue to efficiently coordinate epidemic prevention and control and economic and social development in accordance with the decisions and arrangements of the CPC Central Committee and the State Council. Improve people’s livelihood and strive to bring the economy back to a normal track.
A solid foundation for stabilizing consumer prices
Under the pressure of global inflation, my country’s prices remained stable. In May, the national consumer price index (CPI) rose by 2.1% year-on-year; the national industrial producer price index (PPI) fell back to 6.4% year-on-year, and the upstream and downstream price trends became more coordinated.
Meng Wei introduced that in May, the CPI in the United States and the United Kingdom rose by 8.6% and 9% year-on-year respectively; the CPI in the euro area rose by 8.1% year-on-year; many emerging economies CPI rose by more than 10%, and even more than 50% in a few countries. my country’s price level is far lower than that of major economies such as the United States and Europe, and it continues to play an important “stabilizer” role in global prices. Meng Wei said that although geopolitical conflicts are still disrupting the international energy and food market, domestic self-sufficiency in rations, coal resources can meet demand, and the policy of ensuring supply and stabilizing prices continues to exert force, it is expected that the increase in PPI is expected to fall further in the later period.
Further promote the healthy development of SMEs
Since the beginning of this year, the difficulties and challenges faced by the development of small and medium-sized enterprises have increased significantly due to the spread of the domestic epidemic and the more complex and severe international situation.
In order to support small and medium-sized enterprises to tide over the difficulties, the National Development and Reform Commission and relevant departments have successively issued 18 policies and measures for the industrial economy and 43 policies and measures for the relief of the service industry, and increased targeted support for the real economy and small, medium and micro enterprises.
Meng Wei said that in the next step, we will efficiently coordinate epidemic prevention and control and economic and social development, and consolidate and expand the effectiveness of various policies. The first is to focus on solving the problems of blockages, difficulties and stuck points. Continue to ensure the supply and price of bulk commodities, strive to expand market demand, ensure food security, energy security, and the security and stability of the industrial chain and supply chain, and enhance the confidence of small and medium-sized enterprises in development. The second is to strengthen the situation research and judgment. Do a good job in tracking and analyzing the development of small and medium-sized enterprises, monitoring and early warning, and timely introduce practical and effective policies and measures in response to new situations and new problems. The third is to strengthen policy tracking and effect. Through the publicity and guidance of the policy, let more market players know the policy and make good use of the policy to ensure that the policy is effectively transmitted to small and medium-sized enterprises.According to Xinhua News Agency, Beijing, June 16.