News 2024-07-05 70

New Engine for Social Economic Development and Market Confidence Booster

In the context of the current complex and volatile global economic situation and the domestic economy facing downward pressure, the meeting's proposal to increase the counter-cyclical adjustment intensity of fiscal and monetary policies and to effectively carry out grassroots "three guarantees" and a series of strong policy measures undoubtedly inject strong momentum into the current socio-economic development, demonstrating the government's firm determination to stabilize economic growth and ensure the well-being of people's livelihoods. These policies not only have far-reaching strategic significance but will also have a positive driving effect on economic development, while greatly boosting market expectations and confidence.

I. Counter-cyclical Adjustment of Fiscal and Monetary Policies: The Cornerstone of Stable Economic Growth

Fiscal and monetary policies are important means of macroeconomic regulation, and counter-cyclical adjustment is the essence of it. During the economic downturn, measures such as increasing fiscal expenditure, reducing the reserve requirement ratio, and implementing strong interest rate cuts can effectively offset the downward economic pressure and maintain stable economic growth. The emphasis on increasing the counter-cyclical adjustment intensity of fiscal and monetary policies is based on an accurate judgment and scientific decision-making of the current economic situation.

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Increasing fiscal expenditure, especially ensuring necessary fiscal expenditure, is key to stabilizing economic growth. The government can stimulate total demand and promote economic growth by increasing public investment and improving the level of social security. At the same time, issuing and using special treasury bonds and local government special bonds well can better play the leading role of government investment, guide social capital to key areas and weak links, and promote economic structure optimization and high-quality development.

Reducing the reserve requirement ratio and implementing strong interest rate cuts are important manifestations of counter-cyclical adjustment of monetary policy. These measures can effectively reduce corporate financing costs, stimulate market vitality, and promote economic growth. Against the backdrop of the current economic downturn pressure, the implementation of these policies will undoubtedly provide strong financial support for market entities, help enterprises through difficulties, and achieve stable development.

II. Grassroots "Three Guarantees" Work: The Cornerstone of Ensuring People's Livelihoods

Grassroots "three guarantees" work, that is, ensuring basic livelihoods, ensuring wages, and ensuring operation, is the foundation of maintaining social stability and economic development. The policy emphasizes the need to effectively carry out grassroots "three guarantees" work, reflecting the government's high regard for people's livelihoods.

Ensuring basic livelihoods is the basic responsibility of the government. By increasing fiscal expenditure and improving the level of social security, the basic living needs of the people can be guaranteed, and the well-being of the people can be improved. At the same time, ensuring wages and ensuring operation are also important guarantees for maintaining social stability and economic development. The government can maintain social stability and provide a good social environment for economic development by ensuring the timely and full payment of wages and ensuring the normal operation of grassroots governments.

III. Real Estate Market Regulation: Promoting Market Stability and Healthy Development

The real estate market is an important part of the national economy, and its stable development is of great significance to economic growth and social stability. The policy's regulatory measures for the real estate market are comprehensive and precise, considering both the actual situation of the current market and the long-term development in the future.Stringent control over new increments, optimization of existing stock, and enhancement of quality are important directions for the regulation of the real estate market. By strictly controlling the increment of commercial housing construction, optimizing the allocation of existing housing resources, and improving the quality of housing construction, the stable and healthy development of the real estate market can be promoted. At the same time, increasing the loan allocation for "white list" projects and supporting the revitalization of idle land are measures that help to resolve risks in the real estate market and promote its long-term stable development.

In addition, adjusting housing purchase restrictions and reducing the interest rates on existing mortgages are important measures to respond to public concerns and meet the reasonable housing needs of the people. The implementation of these measures will help to enhance public confidence and expectations in the real estate market, promoting its stable development.

IV. Boosting the Capital Market: Optimizing Resource Allocation and Enhancing Market Confidence

The capital market is an important component of the market economy, and its healthy development is of great significance to economic growth and financial stability. The policy emphasizes the need to strive to boost the capital market, actively guide medium and long-term funds into the market, and unblock the entry points for funds from social security, insurance, and wealth management. These measures will help to optimize the resource allocation of the capital market and enhance its liquidity and activity.

At the same time, supporting mergers and acquisitions of listed companies and steadily advancing the reform of public funds will help to enhance the competitiveness and vitality of the capital market. The implementation of these measures can promote the high-quality development of the capital market and provide strong financial support for economic growth. In addition, studying and introducing policies and measures to protect small and medium investors is also an important measure to enhance market confidence and protect the rights and interests of investors. The implementation of these measures will help to enhance investors' confidence and expectations in the capital market, promoting its stable development.

V. Positive Impact on Market Expectations and Confidence

The implementation of these strong policies will undoubtedly have a positive impact on market expectations and confidence. First, the clarity and stability of the policy help to enhance the confidence and expectations of market entities. The government conveys positive signals to the market through a series of clear policy orientations and measures, which helps to stabilize market expectations and enhance the confidence of market entities.

Secondly, the implementation of the policy will help to stimulate market vitality and promote innovation and entrepreneurship. By increasing fiscal expenditure and reducing financing costs, market entities can be provided with strong financial support to help enterprises achieve stable development. This will help to stimulate market vitality, promote innovation and entrepreneurship, and drive the economy to achieve high-quality development.

Finally, the implementation of the policy will also help to enhance the public's trust and satisfaction with the government. The government can ensure people's welfare and improve the quality of life by effectively carrying out grassroots "three guarantees" work and responding to public concerns. This will help to enhance the public's trust and satisfaction with the government, laying a good foundation for the government's subsequent work.

In summary, the implementation of these strong policies is of great significance to the current socio-economic development. It not only helps to stabilize economic growth, ensure people's welfare, promote the stable development of the real estate market, and boost confidence in the capital market, but also has a positive impact on market expectations and confidence. We have reason to believe that with the support of the policy, our country's economy will usher in a better tomorrow.

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