To speed up the construction of remedial projects, focus on fiscal expenditure to protect people's livelihood, and do a good job in employment services for key groups, Li Keqiang has put forward practical measures for local development.
On November 14, 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 on the economic situation and ensuring the basic livelihood of some provinces in Nanchang, Jiangxi Province.
Li Keqiang said: since the beginning of this year, China's economic operation has maintained overall stability in a complex and grim environment, and is still the bright spot of the world economy. While strengthening confidence, we should also see an increase in the current unfavorable external environment and the dilemma of domestic development. As far as the regional economy is concerned, the trend is obviously divided, the growth rate of some local industry, investment and other indicators has declined rapidly, the momentum of development has weakened, and there is greater pressure on fiscal revenue and expenditure and on ensuring people's livelihood. We should be better prepared for the difficult challenges we face.
On the same day, the National Bureau of Statistics released the latest industrial, investment and other data. In October, industrial production above scale rose 4.7 per cent in real terms from a year earlier, down 1.1 percentage points from the previous month. From January to October, investment in fixed assets (excluding farmers) totaled 51.088 trillion yuan, an increase of 5.2 percent over the same period last year, down 0.2 percentage points from January to September.
Promote effective investment and industrial upgrading
Li Keqiang said: we should adhere to the guidance of Xi Jinping's thought on socialism with Chinese characteristics in the new era, implement the spirit of the fourth Plenary session of the 19th CPC Central Committee, persist in reform and innovation, and give full play to the enthusiasm of the central and local governments. In connection with the actual implementation of the decision-making arrangements of the CPC Central Committee and the State Council, we will make greater efforts to do a good job in the "six stability" work. It is necessary to put stable growth and maintaining economic operation in a more prominent position in a reasonable range, which is an important basis for achieving this year's main goals and tasks and promoting high-quality development.
According to the data, China's gross domestic product (GDP) in the first three quarters of 2019 totaled 69.7798 trillion yuan, an increase of 6.2 percent over the same period last year. Mao Shengyong, spokesman for the National Bureau of Statistics, has said that it is initially expected to be the fastest among the economies with a global economic output of more than $1 trillion.
At the forum, Li Keqiang said: to maintain steady economic development, we should pay close attention to the implementation of policies. All localities and departments must enhance their sense of urgency, take the initiative, resolutely oppose laziness, innovate ideas, and strive to make progress. All localities should make good use of national policies and actively solve development problems. Seizing the opportunity of issuing the special debt line of local governments in advance and reducing the minimum capital ratio of some infrastructure projects, speeding up the construction of short board projects, forming more physical workload, and promoting effective investment and industrial upgrading, We will strengthen the planning and preparation of major projects and promote the commencement of construction as soon as possible. All relevant departments should focus on the expectations of enterprises and localities, come up with more targeted measures, and form a joint force to promote development.
The reporter noted that on November 13, the executive meeting of the State Council proposed to reduce the minimum capital ratio for some infrastructure projects. Reduce the minimum share of capital for port, coastal and inland shipping projects from 25 per cent to 20 per cent. For infrastructure projects in the areas of highway, railway, urban construction, logistics, ecological and environmental protection, social and people's livelihood, on the premise of a clear mechanism of return on investment, reliable returns and controllable risks, the minimum proportion of capital can be appropriately reduced. The rate of reduction shall not exceed 5 percentage points.
Wu Yaping, director of the institutional policy office of the Investment Research Institute of the National Development and Reform Commission, told the Daily Economic News that moderately lowering and allowing the floating of project capital ratios in some industry areas can reduce the difficulty of raising project capital. Contribute to stable investment and stable growth; At the same time, this is also to give more autonomy in investment and financing decisions to the main body of the market.
The reporter noted that from January to October, investment in fixed assets (excluding farmers) totaled 51.088 trillion yuan, an increase of 5.2 percent over the same period last year, down 0.2 percentage points from January to September. In terms of sub-sectors, infrastructure investment increased by 4.2% compared with the same period last year, manufacturing investment increased by 2.6%, and real estate development investment increased by 10.3%.
Do a good job in providing for the aged, medical care and other practical things for the people
Li Keqiang said: it is necessary to earnestly safeguard the basic livelihood of the people, do their best, do what they can, and promote economic development and improvement of the people's livelihood to promote each other. In the case of increasing downward pressure on the economy, in particular, we should give priority to employment, do a good job in the employment services of key groups such as college graduates and migrant workers, and strengthen guidance and help expand channels for migrant workers returning home to start their own businesses. We will persist in living a tight life by the government, focus on ensuring the basic livelihood of the people, ensure that pensions are paid in full and on time, and do a good job in ensuring the basic livelihood of the people in need.
Li Keqiang said: as the end of the year and the beginning of the "two sections" approach, it is necessary to step up efforts to clear the wages of migrant workers so as to prevent new arrears. All localities should earnestly do a good job in ensuring the price of pork and other necessities of life and warming the masses for the winter. At the same time, we should pay attention to tapping the potential for development from meeting the expectations of the people's livelihood, do a good job in major livelihood projects, and do a good job in providing for the aged, childcare, medical care, and other practical things.
In terms of employment, the data show that from January to October, 11.93 million new jobs were created in cities and towns across the country, and the target of more than 11 million new jobs in cities and towns for the whole year was achieved ahead of schedule.
The survey unemployment rate also fell. In October, the national urban unemployment rate was 5.1%, down 0.1 percentage points from the previous month. Of these, the unemployment rate in the 25-59-year-old survey was 4.6%, the same as last month. The unemployment rate surveyed in 31 major cities and towns was 5.1%, down 0.1 percentage points from the previous month.
At a news conference held on November 14, Liu Aihua, spokesman for the National Bureau of Statistics, said: "this year, we have put the employment priority policy at the macro policy level. The party and the government attach great importance to promoting employment, and this effect continues to manifest. In particular, it plays a very important role in solving the employment of key groups. " Liu Aihua said that the unemployment rate of the national urban survey fell to 5.1% in October from 5.2% in September, the most important factor being the gradual improvement in the employment situation of college graduates. (reporter Zhang Zhongyin)