On April 20, the National Development and Reform Commission held a regular press conference in April, the National Development and Reform Commission spokesman and related departments responsible for the comrades to attend, in reference to expand domestic demand, promote consumption, the National Development and Reform Commission, the national economy of the chief priests inati yan said, will further policies to stabilize the economy running, will actively stable cars, household appliances, such as traditional commodity consumption.

The national development and reform commission held regular press conferences in April

Here is the live text version:

    Reporter: China will further introduce policies to stabilize the economy. Can you tell us what the key measures are?

    Yan pengcheng: to cope with the impact of the epidemic, in the previous stage, various departments in different regions have introduced a series of policies and measures to help enterprises, stabilize employment and expand domestic demand in accordance with the decisions and arrangements of the CPC central committee and the state council, playing a positive role in ensuring the basic situation and stabilizing the overall situation.In view of the current international outbreak "pandemic" brings great impact on the world economy, the great challenge of brings to the our country economy, the party central committee and the state council has decided to, want to be in the epidemic normalized premise, intensify "six steady work, steady economic base, residents in employment, the basic livelihood of the people, market main body, food and energy security, industrial chain supply chain stability, operation at the grass-roots level, and clearly to hedge outbreak with larger macro policy efforts, and unswervingly deepen reform and opening up, make sure to complete the final showdown poverty crucial goal task, build a well-off society in an all-round way.In the next step, we will work closely with relevant departments to promote the introduction and implementation of a package of macro policies in accordance with relevant procedures and strive to keep the economy running smoothly.We will focus on the following areas.

    The first is to grasp the resumption of production.On the basis of preventing and controlling epidemics on a regular basis, we need to speed up the full restoration of order in economic and social production and life and ensure that the economic cycle is unimpeded. This is an important prerequisite for stable economic operation.We will promptly implement the guidelines for the prevention and control of the epidemic in enterprises and public institutions after adjustments and improvements, summarize and promote good practices in various regions, and speed up the elimination of inappropriate temporary control measures and unreasonable regulations.We need to give full play to the leading role of large projects and enterprises, and support the resumption of business by small and micro businesses and individual businesses in a wide range of areas, so as to facilitate the resumption of production and production in the upstream and downstream of the industrial chain and in the cooperation of large, small and medium-sized enterprises.

    Second, we will focus on macro policy hedging.The focus is on a more proactive fiscal policy and a more flexible and appropriate monetary policy to hedge against the impact of the epidemic and prevent short-term shocks from turning into trends.We will raise the deficit to GDP ratio, issue special government bonds to combat the epidemic, substantially increase the size of local government special bonds, increase support for community-level operations, increase funding for major projects to strengthen weak links, and increase support for combating the epidemic.We will maintain reasonably ample liquidity by cutting the reserve requirement ratio, cutting interest rates, and re-lending, guide interest rates in the lending market to fall, and use funds to support the real economy, especially small, medium and micro businesses.

    Third, we will expand domestic demand.When external demand is hindered, we must firmly implement the strategy of expanding domestic demand to provide support for stabilizing the basic economic system.As I said just now, China has a huge market of 1.4 billion people and huge potential for demand.In promoting the consumption side, with a focus on the positive stable traditional commodity consumption such as cars, home appliances, increasing public spending, and at the same time conform to the consumer to upgrade trend and new requirements emerge during the epidemic, vigorously develop green consumption and information consumption, digital, intelligent, kang to raise consumption emerging consumption growth, such as promoting the online consumer return growth, promote offline consumption to speed up the cover.In expanding effective investment, the key is focused on the short board field especially in epidemic prevention and control board weaknesses exposed, accelerate the construction of public health prevention and control and emergency medical treatment capacity, the implementation of urban old village transformation, vigorously promote the county as the important carrier of the new type of urbanization construction, promote the environmental sanitation promotions capacity, municipal utilities to block the upgrade, the public service facilities DiBiao expanding surface mass transfer efficiency, industrial facilities, to strengthen the traditional infrastructure and new infrastructure investment, promote the traditional industry to upgrade, to expand investment in strategic emerging industries.

    Fourth, we will help enterprises.Enterprises, especially small, medium and micro enterprises, are the source of economic vitality and the main force of employment.We will be in accordance with the prominent problems faced to the enterprise production and management, to optimize the business environment for traction, in order to improve the ability of enterprise development as the goal, has been introduced in speeding up the transfer at the same time, of the policy of further study on related support policies, promoting tax cuts JiangFei, lowering the cost of corporate finance and housing rents, increase the rate of micro, small and medium enterprises in the first credit, credit loan proportion, strong support from venture guarantee loan discount, one thousand ways to help enterprises, especially small and medium-sized enterprise steady operation.We will make every effort to help foreign-invested enterprises in foreign trade restore normal production and operation order, ensure smooth flow of international logistics, and help them secure orders, markets and shares.We will strongly support and encourage export enterprises to actively explore the domestic market and tide over the difficulties.At the same time, we will continue to improve the business environment for foreign investment, further expand the scope of foreign investment, and actively promote the implementation of major foreign-funded projects.

    Fifth, we will ensure employment and people's wellbeing.Employment is the biggest concern for people's livelihood, and poverty alleviation is a hard task we must accomplish this year.We will focus on key groups such as college graduates, rural migrant workers, and the labor force in poor areas, implement the policy of providing assistance to stabilize job security, and increase support for vocational skills training.We will stimulate employment through entrepreneurship and innovation, and promote the development of new forms of business and flexible employment.We will expand local and local employment channels for migrant workers, and give priority to the use of labor from poor areas when they return to work or return to work.We should give full consideration to the impact of the epidemic, and bring the affected people in need into the scope of policy guarantees such as subsistence allowances, support for people in extreme poverty, temporary assistance and employment assistance.

    China has ample room for macro policy.We will closely follow developments and changes in the domestic and international economic situation, strengthen economic monitoring, forecasting and early warning, and adjust and improve macro policies in the light of changes in the global epidemic situation and China's economic performance at an appropriate time.