While doing a good job in epidemic prevention and control, the trend of local work focus turning to economic development has become increasingly obvious.

"Strive to achieve this year's economic and social development goals", "timely study and formulate measures to increase support for economic development" and "take extraordinary measures"... Recently, various places have held meetings to deploy the next step of work, and many contents and statements have been conveyed to local governments.

A strong signal for stable growth.

?Analysts believe that more local policies to stabilize growth are expected to be introduced, such as increasing tax cuts and fee reductions for local enterprises and accelerating the support of government industrial funds for advanced manufacturing.

?Recover the losses caused by the epidemic? In order to implement the relevant spirit of the central government, various localities have recently held meetings to study the implementation opinions and deploy the next work priorities.

?Judging from the contents of local meetings, local governments have emphasized the comprehensive implementation of the "six stability" work, effectively turning pressure into motivation, turning crises into opportunities, minimizing the impact of the epidemic, and ensuring the completion of the economic and social development goals and tasks throughout the year.

?The pressure on local governments to stabilize growth is not small.

According to rough statistics from a reporter from the Shanghai Securities News, 30 provinces have announced their expected economic growth targets for this year.

Except for Tianjin, Heilongjiang, Jilin, and Xinjiang, the GDP growth targets are lower than 6%, and the other regions are all higher than 6% or set at 6%.

"The release date of most local government work reports was before January 21, 2020, when the COVID-19 epidemic had not yet occurred, and these expected targets tended to be overestimated." said Wang Hongju, a researcher at the Institute of Financial Strategy of the Chinese Academy of Social Sciences.

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?Although the epidemic has had a certain impact on local economic operations, many places have made it clear that the inertia and resilience of economic growth still exist, and the fundamentals of long-term improvement have not changed.

Governments in various regions have proposed that while focusing on epidemic prevention and control, they should also step up various economic and social development tasks and do everything possible to make up for the losses caused by the epidemic.

?Pressing the "fast forward button" for the construction of major projects? When deploying the next step of work, all localities have emphasized the key role of effective investment and promoted the development of key projects as quickly as possible.

?For example, Sichuan proposed to implement in-depth actions to make up for shortcomings in key areas of infrastructure, accelerate the construction of a number of major transportation projects, and strengthen guarantees in terms of land, funds, and energy consumption.

In conjunction with the preparation of the "14th Five-Year Plan", a number of major projects will be planned in advance around promoting the construction of the Chengdu-Chongqing twin-city economic circle; Ningxia requires strengthening economic operation scheduling, stabilizing enterprise production and operations, doing a good job in the construction of major projects, and maintaining stable economic operations.

; Hebei also pointed out that it must pay close attention to investment and the construction of key projects, continue to expand consumer demand, and ensure a good start in the first quarter.

?The construction of major local projects has pressed the "fast forward button."

A reporter from the Shanghai Stock Exchange found that in the past two weeks, a large number of major projects have been signed or started in Shandong, Jiangsu, Anhui, Henan, Guizhou, Sichuan and other places, involving an investment scale of more than one trillion yuan.

?At the same time, Beijing, Fujian, Henan, Yunnan, Jiangsu and other places also released a list of major project investment plans for 2020, with a total investment of more than 11 trillion yuan, of which infrastructure investment is still an important part.

? Su Jian, director of the National Economic Research Center of Peking University, said in an interview with a reporter from the Shanghai Stock Exchange: "Infrastructure construction to make up for shortcomings is still an important starting point for local governments to stabilize growth. The issuance of local bonds should be accelerated, and special bonds should be implemented to serve as qualified major

Capital system for infrastructure projects. "Planning in advance measures to promote consumption. Actively promoting consumption is also the focus of local work. Many places have proposed planning in advance to cope with consumer demand that may be quickly released after the epidemic is over.

?Guangxi proposed to vigorously promote the upgrading of traditional consumption and do a good job in "Guizhou products going to the countryside" and other tasks to boost consumer confidence and promote consumption replenishment.

?The relevant person in charge of the Hainan Provincial Department of Tourism and Culture recently revealed that Hainan is formulating a post-epidemic recovery and revitalization plan for the tourism industry.

After the epidemic is stabilized, we will comprehensively carry out the series of work for the International Year of Tourism and Consumption, give priority to holding activities that are attractive and strong in stimulating consumption, and increase efforts to attract tourists from outside the island; resume overseas charter flights as soon as possible, and gain momentum to restore and open up the inbound tourism market

.

?In addition, many places have emphasized expanding emerging consumption.

Among them, Guangxi proposed to vigorously develop new economies such as digital economy, platform economy, creative economy, and flow economy; Sichuan stated that it will actively develop new economies such as intelligent manufacturing, unmanned distribution, online consumption, medical health, online education, digital entertainment, and digital life.

New business model.

Hu Yuexiao, chief analyst at the Shanghai Securities Research Institute, said that despite the short-term impact of the epidemic, retaliatory consumption growth will appear after the weather gets warmer, and consumption and industry will see a jump after a slowdown.

?More policies to stabilize growth are expected to be introduced? Various regions have also released strong signals of policies to stabilize growth in relevant meetings.