Policies Strengthen To Boost The Confidence Of Business Entities

Aug 07, 2023

General Secretary Xi Jinping presided over a meeting of the Political Bureau of the CPC Central Committee on July 24 to analyze and study the current economic situation and deploy economic work in the second half of the year. The meeting pointed out that "it is necessary to make good use of policy space, identify the direction of efforts, and firmly promote high-quality economic development." , give full play to the role of aggregate and structural monetary policy tools, and vigorously support technological innovation, the real economy, and the development of small, medium and micro enterprises."
Since the beginning of this year, various regions and departments have successively introduced policies and measures to support the development of the majority of business entities. As the policy is gradually implemented and effective, the burden on enterprises is further reduced, the development confidence is stronger, and the development vitality is enhanced. In the first half of the year, the country added 927.9 billion yuan in tax cuts and fee reductions and tax refund deferrals; small, medium and micro enterprises benefited the most, with 576.6 billion yuan in new tax cuts and fee reductions and tax refund deferrals, accounting for about 62%.

Solve problems, reduce burdens, and help enterprises climb over hurdles

Since the beginning of this year, macro policies have maintained continuity, stability and pertinence, and the coordination and cooperation of various policies have been strengthened; various localities have actively innovated in ways and means of assistance, improved the effectiveness of policy implementation, helped enterprises ease operating pressure, and strengthened their confidence to tide over difficulties and expand production. resume development.

—— Give full play to the dual functions of monetary policy tools, both aggregate and structural, to provide credit support for enterprises.
In the first quarter, the Ministry of Human Resources and Social Security and other departments jointly launched the Spring Breeze Action and Employment Assistance Month activities, and held a total of 58,000 recruitment activities of various types; solidly carried out vocational skills training, issued more than 2.61 million vocational training vouchers, and launched subsidized Vocational skills training for 3.5 million person-times.

"Various policies to help and benefit enterprises have maintained continuity and stability, enhanced precision and pertinence, and helped enterprises ease operating pressure, overcome difficulties, expand production, and achieve recovery and development." Zeng, director of the Shanghai Finance and Development Laboratory just said.

Li Xuhong, a professor at the Beijing National Accounting Institute, believes that the focus of development should be placed on the real economy. We must be steady and down-to-earth, and we must also have the courage to open up new fields and new tracks to cultivate new competitive advantages. In the second half of the year, we will continue to implement various policies that have been issued in detail, and at the same time actively promote policy optimization and reform deepening, combine the effectiveness of policies with stimulating the vitality of business entities, and promote the effective improvement of quality and reasonable growth of the economy.