Tuesday, November 10, 2015

Li keqiang reasonable more tax cuts to help businesses tide over

Li keqiang: reasonable more tax cuts to help businesses tide over

Photo: Chinese Government NET

On November 9, the Politburo Standing Committee, the State Council Premier Li keqiang chaired a symposium, on the current economic situation, listen to the advice of experts and business leaders.

Politburo Standing Committee and Vice Premier of the State Council, Mr Zhang gaoli attended.

The meeting, from macro-economic, financial, foreign trade experts and scholars in the field of machinery, clothing, electronics, iron and steel, head of circulation industry enterprises respectively, made a statement. We believe that this year, despite the negative factors, but in the efforts of all parties, the fundamentals of the Chinese economy maintains a stable, some leading indicators for the better, upgrade to bring positive changes and decentralization makes business innovation unprecedented burst, employment and people's livelihood highlights obviously. To enhance growth, the need to intensify reform and restructuring efforts. Li keqiang, and better communication.

Li keqiang said, "Thirteen-Five" of core target is full built society, but we faced with world economic short-term to out of downturn, and domestic long-term accumulated of structural contradictions increasingly highlight and across "medium income trap", multiple challenge, must upper and lower with to, effective put new of development concept throughout to economic the work in the, to keep economic run in reasonable interval, achieved in the high-speed growth; to speed up industry upgrade, shortened new old kinetic energy conversion period, improve quality benefits, promoted economic towards in the high-end level. By 2020, more than 1.3 billion Chinese live a well-off life, and harmonious development in urban and rural areas, the construction of ecological civilization, social fairness and justice, and made significant progress, with a per capita gross domestic product leapt to $ 12,000, and across the "middle-income trap". This will create a new miracle. But the more recent, the challenges are more acute, and must continue to strengthen our confidence, to critical time of difficulties.

Li stressed that in order to develop fiscal, monetary, industrial and price policy, pay attention to the directional control, camera control, a good mix, find the right balance, strengthen the inverse cycle, stabilize market expectations. With the active fiscal policy space, and reasonable efforts to increase tax cuts to help businesses tide over, adjusting the structure, increase stamina. Through PPP mode, expanding investment, speed up the construction of infrastructure, in particular public utilities in the Midwest to promote balanced development. Innovative tools of monetary policy, reduce corporate financing costs, and better serve the real economy. To guide more focused industry policy, stricter standards and supervision, promoting industrial upgrading to meet diverse needs, implemented electricity price policy of industry and commerce, the industry's development and create a fair and competitive market environment, moulding the made in China with high quality products and services, competitiveness of Chinese brands.

LI asked, to put innovation at the heart of national strategies, particularly on innovation systems and mechanisms further stimulates market dynamism and social creativity, demands the release of more than 1.3 billion people, and through more than 900 million more labor, more than 150 million more skilled talent to make our development depends more on the advantages of human resources. According to "the Internet +" 2025, China manufacturing, through mass venture much innovation brings together all the intellectual power, breaking the key technologies supporting industry development, more disruptive innovations, promote traditional changing production patterns, develop intelligent manufacturing, new services, and gave birth to new technologies and products to the new format, so that China's economy is thriving.

Li said now domestic and international environment is complex, relevant departments should reach out and solve problems found and hope positive recommendations of experts and entrepreneurs, creating performance indicators, work together, do solid work, and to promote economic stability in China by far.

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