On September 15, the central bank announced that it would cut the benchmark interest rate for one-year RMB loans by 0.27 percentage points, and the benchmark interest rate for deposits would remain unchanged. Except for Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications and Postal Savings Bank, the deposit reserve ratio of other deposit-taking financial institutions was lowered by 1 percentage point, and the deposit reserve ratio of local corporate financial institutions in the hardest hit areas of Wenchuan earthquake was lowered by 2 percentage points.
On October 8th, 65438/kloc-0, the central bank announced that the benchmark interest rates for one-year RMB deposits and loans would be lowered by 0.27 percentage points, and the RMB deposit reserve ratio of deposit-taking financial institutions would be lowered by 0.5 percentage points.
On October 9th, 65438/KLOC-0, the State Council decided to temporarily exempt personal income tax from interest income from savings deposits.
On the same day, the Third Plenary Session of the 17th CPC Central Committee deliberated and adopted the Decision of the Central Committee of the Communist Party of China on Several Major Issues in Promoting Rural Reform and Development. The decision pointed out that farmers are allowed to transfer the contracted management right of land in the form of subcontracting, leasing, exchange, transfer and joint-stock cooperation.
1June 17, the the State Council executive meeting pointed out that flexible and prudent macroeconomic policies should be adopted, and targeted fiscal, taxation, credit and foreign trade policies and measures should be introduced as soon as possible to maintain steady and rapid economic growth. At the same time, promote structural adjustment and transformation of development mode.
65438+ 10.2 1 the Ministry of Finance announced that the deed tax rate of individual house purchase will be temporarily lowered to1%from 2008 165438+ 10/day; Individuals selling or buying houses are temporarily exempt from stamp duty; Personal housing sales are temporarily exempted from land value-added tax. The central bank announced that since June 27, 2008, the lower limit of commercial personal housing loan interest rate has been extended to 0.7 times of the benchmark loan interest rate. The minimum down payment ratio is adjusted to 20%. The central bank also lowered the interest rate of individual housing provident fund loans.
10 year 10 On October 29th, the central bank announced that it would lower the benchmark interest rate for one-year RMB deposits and loans by 0.27 percentage points.
165438+10.5, the executive meeting of the State Council announced ten measures to stimulate domestic demand and an investment plan of 4 trillion yuan, including the full implementation of the value-added tax reform throughout the country.
Ten measures to expand domestic demand and promote economic growth
First, speed up the construction of affordable housing projects. We will increase support for the construction of low-rent housing, speed up the transformation of shanty towns, implement nomadic settlement projects, and expand the pilot projects for the transformation of dilapidated houses in rural areas.
The second is to speed up the construction of rural infrastructure. We will intensify rural biogas and drinking water safety projects and rural highway construction, improve rural power grids, speed up the construction of major water conservancy projects such as the South-to-North Water Transfer Project and reinforce dangerous reservoirs, and strengthen the water-saving transformation of large irrigation areas. Intensify poverty alleviation and development.
The third is to speed up the construction of major infrastructure such as railways, highways and airports. Focus on the construction of a number of passenger dedicated lines, coal transportation corridor projects and western trunk railways, improve the expressway network, arrange the construction of trunk airports and feeder airports in the central and western regions, and accelerate the transformation of urban power grids.
The fourth is to speed up the development of medical and health care, culture and education. Strengthen the construction of primary medical and health service system, speed up the transformation of rural junior high school buildings in the central and western regions, and promote the construction of special education schools and township comprehensive cultural stations in the central and western regions.
The fifth is to strengthen the construction of ecological environment. Accelerate the construction of urban sewage and garbage treatment facilities and the prevention and control of water pollution in key river basins, strengthen the construction of key shelterbelts and natural forest resources protection projects, and support the construction of key energy-saving and emission-reduction projects.
Sixth, accelerate independent innovation and structural adjustment. Support high-tech industrialization and industrial technology progress, and support the development of service industry.
Seventh, speed up post-disaster reconstruction in earthquake-stricken areas.
Eighth, increase the income of urban and rural residents. Next year, we will raise the minimum purchase price of grain, raise the standards of comprehensive direct subsidies for agricultural materials, subsidies for improved varieties and subsidies for agricultural machinery and tools, and increase farmers' income. Improve the treatment level of social security objects such as low-income groups, increase urban and rural subsistence allowances, and continue to improve the basic pension level of enterprise retirees and the living allowance standard for special care recipients.
Nine is to fully implement the transformation reform of value-added tax in all regions and industries across the country, encourage technological transformation of enterprises, and reduce the burden on enterprises by 654.38+0.20 billion yuan.
Ten is to increase financial support for economic growth. Cancel the restrictions on the credit scale of commercial banks, reasonably expand the credit scale, increase credit support for key projects, "agriculture, rural areas and farmers", small and medium-sized enterprises and technological transformation, mergers and acquisitions, and cultivate and consolidate the growth point of consumer credit in a targeted manner. According to preliminary calculation, by the end of 20 10, the above-mentioned projects will require an investment of about 4 trillion yuan. In order to speed up the construction progress, the meeting decided to increase the central investment by 654.38+00 billion yuan in the fourth quarter of this year, and arrange 20 billion yuan for the post-disaster reconstruction fund in advance next year to promote local and social investment, with a total scale of 400 billion yuan.
165438+1October 12. the State Council proposed four measures to expand domestic demand: approving fixed assets investment projects; Decided to increase the export tax rebate rate of some products; Determine the specific arrangement plan of the central government's post-earthquake recovery and reconstruction funds; Put forward policies and measures to further strengthen forestry ecological restoration and reconstruction.
165438+1October 20th, the the State Council executive meeting identified six policies and measures to promote the healthy development of the textile industry: increasing the scale of special funds for financial support for the development of small and medium-sized enterprises at all levels; We will continue to appropriately increase the export tax rebate rate for textiles, clothing and some light industrial products, and clean up and cancel all kinds of unreasonable charges involving textile enterprises.
165438+1On October 26th, the central bank announced that it would reduce the benchmark interest rates of RMB deposits and loans of financial institutions by 1.08 percentage points each; We will reduce the RMB deposit reserve ratio of large deposit-taking financial institutions such as Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications and Postal Savings Bank by 1 percentage point, and reduce the RMB deposit reserve ratio of small and medium-sized deposit-taking financial institutions by 2 percentage points.
165438+129 October, the the Political Bureau of the Communist Party of China (CPC) Central Committee conference analyzed and studied the economic work in 2009, and put forward that maintaining stable and rapid economic development should be the primary task for next year. We must adhere to a flexible and prudent macroeconomic policy, continue to implement a proactive fiscal policy and a moderately loose monetary policy, pay attention to the comprehensive use of tax cuts, expand central investment and other means, and increase support for safeguarding people's livelihood, expanding domestic demand, changing development methods and structural adjustment.
On February 3rd, 65438, the State Council executive meeting put forward nine financial measures to promote economic development. It mainly includes: implementing a moderately loose monetary policy to promote the steady growth of money and credit; Increase the proportion of loans to small and medium-sized enterprises and actively expand the housing, automobile and rural consumer credit markets; Stabilize the operation of the stock market, promote the steady development of the futures market, and give priority to issuing bonds related to infrastructure and people's livelihood projects; Guide insurance companies to invest in infrastructure such as transportation, communication and energy by means of creditor's rights; Improve foreign exchange management, vigorously promote trade and investment facilitation, and appropriately increase the proportion of foreign exchange settlement in advance.
65438+On February 6th, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Transport and State Taxation Administration of The People's Republic of China issued an announcement to solicit opinions on the Reform Plan of refined oil prices and taxes. According to the announcement, the unit tax of gasoline consumption tax will be raised from 0.2 yuan to 1 yuan per liter, and that of diesel will be raised from 0. 1 yuan per liter to 0.8 yuan. Other unit taxes of refined oil will be raised accordingly, and the current price of refined oil will not be raised. At the same time, six fees, including road maintenance fees, waterway maintenance fees, road transportation management fees, waterway transportation management fees, and water passenger and freight surcharges, will be cancelled, and the approved secondary road fees for government repayment will be cancelled gradually and orderly.
12 10, the three-day central economic work conference closed. When putting forward the key tasks of economic work next year, the meeting stressed that it is necessary to adhere to the organic combination of maintaining growth, expanding domestic demand and restructuring.
The meeting made an overall judgment on the current financial crisis and the current situation facing China. The meeting pointed out that at present, the financial crisis itself has not bottomed out, and its impact on the real economy is deepening, and its serious consequences will be further revealed. Affected by the rapid spread of the international financial crisis and the obvious slowdown of world economic growth, coupled with the unresolved deep-seated contradictions and problems in China's economic life, China's economic operation difficulties have increased, the downward pressure on the economy has increased, the business difficulties have increased, it has become more difficult to maintain stable agricultural development and farmers' sustained income increase, and the potential risks in the financial sector have increased.
The meeting pointed out that maintaining steady and rapid economic development should be the primary task of economic work next year. We should focus on ensuring growth, take expanding domestic demand as the fundamental way to ensure growth, and take accelerating the transformation of development mode and structural adjustment as the main direction to ensure growth.
The meeting put forward the key tasks of economic work next year. In terms of "maintaining growth", we should implement a proactive fiscal policy and a moderately loose monetary policy. We will substantially increase public expenditure, implement structural tax cuts, and continue to increase financial support for agriculture, rural areas and farmers, employment, social security and small and medium-sized enterprises. In terms of monetary policy, it is necessary to promote the reasonable growth of the total amount of money and credit and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
Key points of economic work next year
● Substantially increase public expenditure and implement structural tax cuts.
● Promote the reasonable growth of the total supply of money and credit.
● Keep the RMB exchange rate basically stable at a reasonable and balanced level.
● Maintain the stable and healthy development of the capital market and the real estate market.
● Maximize the employment channels of rural labor force and increase rural income.
● Increase the proportion of residents' income in national income and increase residents' property income.
● Maintain steady export growth and increase imports of advanced technologies, key equipment and important energy raw materials.
● Implement a more active employment policy, and study and introduce a unified national social security relationship renewal method.
Ex 1: In view of the negative effects of the financial crisis, such as economic contraction and increased unemployment, the main measures are as follows:
(1) loose fiscal policy: tax reduction (reduction of securities transaction tax and cancellation of interest tax have been implemented) and expansion of government expenditure (4 trillion to stimulate domestic demand is being implemented);
(2) loose monetary policy: the reduction of the deposit reserve ratio and the benchmark interest rate of loans are aimed at increasing the money supply in the market and expanding investment and consumption. On June 27th, 2008, 10, a 30% discount on the first home loan interest rate was also implemented;
(3) Promoting foreign trade: the import and export industry bears the brunt, with many employees (according to statistics, it has reached 1 100 million). First, increase the export tax rebate; Second, RMB appreciation is a means to increase export competitiveness;
(4) Reduce the burden on enterprises: adjust the labor law, etc.
(5) Strengthen public expenditure on social security/medical care, and maintain the stability of social and economic development environment;
(6) Foreign economic cooperation and coordination. Wait a minute.
The theme of the Central Economic Work Conference is also to create employment opportunities and increase social security, which will promote safety insurance to some extent.
Example 2: First, reduce the stamp duty on securities transactions and support the stability of the stock market, because the stock market absorbs the money that most people could have spent, and the stock market is unstable, so stimulating consumption is empty talk;
The second is to allow local governments to introduce preferential policies to stimulate the property market, which is related to government taxes and a large number of jobs;
Third, comprehensively reduce the burden on enterprises, especially export-oriented enterprises, such as textiles and clothing, furniture and luxury goods.
Fourth, promote the reform of refined oil products and reduce oil prices and car maintenance costs in disguise. Automobile manufacturing industry, the pillar industry that drives the national economy.
Fifth, increase agricultural expenditure, increase farmers' income and improve rural purchasing power.
Sixth: 4 trillion overhaul of railways and highways, mainly to stimulate consumption and increase employment.
There is only one thing in the insurance industry: use insurance funds to enter the market for stock trading, and there is no tax.