Multi-measures to ensure the basic Stability of the Market and the basic livelihood of the people in need will not be affected-- A spokesman for the National Development and Reform Commission responded to the Hot spots of Economic Operation

| gov.cn

Beijing, 15 Nov (Xinhua)-- A spokesman for the National Development and Reform Commission responded to the hot spots of economic operation in response to the hot spots of economic operation.

Xinhua News Agency reporter an Bei

As pork prices rise, how can we ensure that the market is basically stable and that the basic livelihood of the people in need will not be affected? What aspects should we start from to enhance the basic role of consumption in economic development? What is the significance of reducing the capital ratio of projects in some industries?

Meng Wei, spokesman for the National Development and Reform Commission, responded to these hot issues at a news conference on the 15th.

Do a good job in ensuring the supply and stable Price of Pork Market

Consumer price (CPI) rose 3.8 per cent in October from a year earlier. The rise in pork prices is an important factor affecting the expansion of CPI growth.

Meng Wei said: the National Development and Reform Commission, together with relevant departments, has actively carried out the work of ensuring pork supply and stabilizing prices in the pork market, and has introduced and implemented a series of policies and measures. Next, we will further do a good job in the implementation of policies and measures, and take many measures at the same time to ensure the basic stability of the market and the basic livelihood of the people in need will not be affected.

First, continue to increase efforts to promote pig production. We will increase investment support from the central budget, support the construction of large-scale pig farms and pig breeding farms, expand the scope of implementation of the project on resource utilization of livestock and poultry manure, support the construction of animal and plant protection projects, and promote the stable production and supply of live pigs.

The second is to increase the supply of meat through various channels. We will increase the production and supply of beef and mutton, poultry and eggs, and expand the import of substitutes such as pork and beef and mutton through various channels, so as to ensure that the overall meat protein market is basically adequate.

Third, the proper implementation of frozen pork reserves. At present, the central and local governments have established a certain scale of frozen pork reserves, will choose the opportunity to put into the market to protect pork consumption demand.

Fourth, the basic livelihood of the people. We will focus on the people in need, such as the minimum living standard in urban and rural areas, and guide the localities to start the price subsidy linkage mechanism in a timely manner in the light of rising prices, and issue temporary price subsidies in full.

Fifth, closely monitor and predict price changes. Study and judge the trend in the later stage, find out the emerging problems in time, and prevent and solve them. Cooperate with relevant departments to strengthen market supervision and maintain good market order.

Explore the implementation of specific measures to gradually relax or abolish restrictions on the purchase of automobiles

"stabilize the big head of consumption, such as cars. To break the restrictions on car consumption, explore the implementation of specific measures to gradually relax or abolish the restrictions on purchase, and promote the change from the policy of restricting the purchase of cars to the policy of guiding the use of cars. " Meng Wei said.

She said that she will vigorously promote the renewal of consumption, focus on household appliances and consumer electronics, implement the extended producer responsibility system, improve the system for recycling and dismantling waste products, and improve the measures for scrapping and recycling motor vehicles, ships and agricultural machinery. Fully tap the space and potential in the field of recycling consumption.

In the first 10 months of this year, China's total retail sales of consumer goods increased by 8.1 percent over the same period last year. "China has the advantage of a very large-scale market, coupled with the continuous application of new technologies and means, to give full play to the basic role of consumption in economic development, there is still great potential and space to tap." Meng Wei said.

She said: China will actively develop a new model of consumption of new business type. From the perspective of new business type, industrial integration to promote new consumption. For example, in the integration of consumer goods industry and service industry, focus on the development of clothing, home and other areas of large-scale, personalized customization, as well as smart phones, home appliances, new terminals and other fields of full-chain intelligent ecological services. In the key areas of consumer services and the integration of manufacturing innovation, we will focus on the development of high-end medical equipment such as surgical robots, medical imaging and telemedicine, and carry out value-added services such as health management, exercise guidance and accurate care. Gradually realize the intellectualization of equipment and life.

"from the new model, online and offline integration to expand consumption. We will step up the digital transformation of education and training, medical care, old-age services, infant and child care, culture and entertainment, and sports events, and actively develop shared consumption, customized consumption, experience consumption, and 'intelligence +' service consumption. We will further improve the rural logistics infrastructure network, promote special actions for efficient distribution in urban and rural areas, and promote the high-quality development of rural e-commerce. " Meng Wei said.

It is very important to improve the consumer environment. The focus is on "improving quality" and "promoting experience," Meng said. In line with the trend of upgrading consumer consumption, we will comprehensively enhance the competitiveness of China's products and services, strengthen the construction of the service industry standard system, promote the construction of an important product traceability system, and fully open channels for safeguarding consumers' rights. We will actively promote good experiences and good practices in promoting consumption in various localities.

Giving full play to the guiding role of Project Capital system to promote effective Investment

The executive meeting of the State Council held recently decided to improve the capital management of investment projects in fixed assets and promote effective investment to strengthen risk prevention.

"through the appropriate adjustment of the capital ratio, it will help to give full play to the guiding role of the project capital system, arouse the enthusiasm of all parties, promote the adjustment and optimization of the industrial structure, and promote the formation of a strong domestic market." Meng Wei said.

The capital system of fixed assets investment projects is an important means to optimize the investment structure and deepen the supply-side structural reform in the investment field. Meng Wei said the minimum capital ratio for port, coastal and inland shipping projects will be adjusted from 25% to 20%. It also defines the relevant policies to encourage project legal persons and project investors to raise investment project capital through the issuance of equity and equity financial instruments and multi-channel standard raising of investment project capital.

"taking into account the differences in the level of project returns and the ability of income to cover debt financing, some projects have good returns and strong solvency after completion, and financial institutions are allowed some flexibility in policy. For example, for infrastructure projects that make up for the shortcomings of roads, railways, urban construction, logistics, ecological environmental protection, social and people's livelihood, on the premise of a clear return on investment mechanism, reliable returns, and controllable risks, It is allowed to appropriately reduce the minimum ratio of project capital within a range of no more than 5 percentage points. " She said.

Meng Wei stressed that the project capital ratio stipulated by the state is the lower limit of the minimum project capital ratio, and the actual proportion needs investors and financial institutions on the basis of implementing the state regulations. Taking into account the project investment income, loan risk and other actual situation to determine independently, financial institutions should, in accordance with the principle of commercialization, independently decide whether to issue loans and the number and proportion of loans.

Multi-measures to ensure the basic Stability of the Market and the basic livelihood of the people in need will not be affected-- A spokesman for the National Development and Reform Commission responded to the Hot spots of Economic Operation

| gov.cn

Beijing, 15 Nov (Xinhua)-- A spokesman for the National Development and Reform Commission responded to the hot spots of economic operation in response to the hot spots of economic operation.

Xinhua News Agency reporter an Bei

As pork prices rise, how can we ensure that the market is basically stable and that the basic livelihood of the people in need will not be affected? What aspects should we start from to enhance the basic role of consumption in economic development? What is the significance of reducing the capital ratio of projects in some industries?

Meng Wei, spokesman for the National Development and Reform Commission, responded to these hot issues at a news conference on the 15th.

Do a good job in ensuring the supply and stable Price of Pork Market

Consumer price (CPI) rose 3.8 per cent in October from a year earlier. The rise in pork prices is an important factor affecting the expansion of CPI growth.

Meng Wei said: the National Development and Reform Commission, together with relevant departments, has actively carried out the work of ensuring pork supply and stabilizing prices in the pork market, and has introduced and implemented a series of policies and measures. Next, we will further do a good job in the implementation of policies and measures, and take many measures at the same time to ensure the basic stability of the market and the basic livelihood of the people in need will not be affected.

First, continue to increase efforts to promote pig production. We will increase investment support from the central budget, support the construction of large-scale pig farms and pig breeding farms, expand the scope of implementation of the project on resource utilization of livestock and poultry manure, support the construction of animal and plant protection projects, and promote the stable production and supply of live pigs.

The second is to increase the supply of meat through various channels. We will increase the production and supply of beef and mutton, poultry and eggs, and expand the import of substitutes such as pork and beef and mutton through various channels, so as to ensure that the overall meat protein market is basically adequate.

Third, the proper implementation of frozen pork reserves. At present, the central and local governments have established a certain scale of frozen pork reserves, will choose the opportunity to put into the market to protect pork consumption demand.

Fourth, the basic livelihood of the people. We will focus on the people in need, such as the minimum living standard in urban and rural areas, and guide the localities to start the price subsidy linkage mechanism in a timely manner in the light of rising prices, and issue temporary price subsidies in full.

Fifth, closely monitor and predict price changes. Study and judge the trend in the later stage, find out the emerging problems in time, and prevent and solve them. Cooperate with relevant departments to strengthen market supervision and maintain good market order.

Explore the implementation of specific measures to gradually relax or abolish restrictions on the purchase of automobiles

"stabilize the big head of consumption, such as cars. To break the restrictions on car consumption, explore the implementation of specific measures to gradually relax or abolish the restrictions on purchase, and promote the change from the policy of restricting the purchase of cars to the policy of guiding the use of cars. " Meng Wei said.

She said that she will vigorously promote the renewal of consumption, focus on household appliances and consumer electronics, implement the extended producer responsibility system, improve the system for recycling and dismantling waste products, and improve the measures for scrapping and recycling motor vehicles, ships and agricultural machinery. Fully tap the space and potential in the field of recycling consumption.

In the first 10 months of this year, China's total retail sales of consumer goods increased by 8.1 percent over the same period last year. "China has the advantage of a very large-scale market, coupled with the continuous application of new technologies and means, to give full play to the basic role of consumption in economic development, there is still great potential and space to tap." Meng Wei said.

She said: China will actively develop a new model of consumption of new business type. From the perspective of new business type, industrial integration to promote new consumption. For example, in the integration of consumer goods industry and service industry, focus on the development of clothing, home and other areas of large-scale, personalized customization, as well as smart phones, home appliances, new terminals and other fields of full-chain intelligent ecological services. In the key areas of consumer services and the integration of manufacturing innovation, we will focus on the development of high-end medical equipment such as surgical robots, medical imaging and telemedicine, and carry out value-added services such as health management, exercise guidance and accurate care. Gradually realize the intellectualization of equipment and life.

"from the new model, online and offline integration to expand consumption. We will step up the digital transformation of education and training, medical care, old-age services, infant and child care, culture and entertainment, and sports events, and actively develop shared consumption, customized consumption, experience consumption, and 'intelligence +' service consumption. We will further improve the rural logistics infrastructure network, promote special actions for efficient distribution in urban and rural areas, and promote the high-quality development of rural e-commerce. " Meng Wei said.

It is very important to improve the consumer environment. The focus is on "improving quality" and "promoting experience," Meng said. In line with the trend of upgrading consumer consumption, we will comprehensively enhance the competitiveness of China's products and services, strengthen the construction of the service industry standard system, promote the construction of an important product traceability system, and fully open channels for safeguarding consumers' rights. We will actively promote good experiences and good practices in promoting consumption in various localities.

Giving full play to the guiding role of Project Capital system to promote effective Investment

The executive meeting of the State Council held recently decided to improve the capital management of investment projects in fixed assets and promote effective investment to strengthen risk prevention.

"through the appropriate adjustment of the capital ratio, it will help to give full play to the guiding role of the project capital system, arouse the enthusiasm of all parties, promote the adjustment and optimization of the industrial structure, and promote the formation of a strong domestic market." Meng Wei said.

The capital system of fixed assets investment projects is an important means to optimize the investment structure and deepen the supply-side structural reform in the investment field. Meng Wei said the minimum capital ratio for port, coastal and inland shipping projects will be adjusted from 25% to 20%. It also defines the relevant policies to encourage project legal persons and project investors to raise investment project capital through the issuance of equity and equity financial instruments and multi-channel standard raising of investment project capital.

"taking into account the differences in the level of project returns and the ability of income to cover debt financing, some projects have good returns and strong solvency after completion, and financial institutions are allowed some flexibility in policy. For example, for infrastructure projects that make up for the shortcomings of roads, railways, urban construction, logistics, ecological environmental protection, social and people's livelihood, on the premise of a clear return on investment mechanism, reliable returns, and controllable risks, It is allowed to appropriately reduce the minimum ratio of project capital within a range of no more than 5 percentage points. " She said.

Meng Wei stressed that the project capital ratio stipulated by the state is the lower limit of the minimum project capital ratio, and the actual proportion needs investors and financial institutions on the basis of implementing the state regulations. Taking into account the project investment income, loan risk and other actual situation to determine independently, financial institutions should, in accordance with the principle of commercialization, independently decide whether to issue loans and the number and proportion of loans.










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