Source: Bloomberg
China's economic growth prospects have caused heavy concerns. Recently, the government has repeatedly stated that it is necessary to stimulate economic vitality and improve the business environment of the enterprise.
In the past month, the Chinese government and the mainland government have sacrificed a number of measures, but basically they mainly promote home, electronic products and automobile consumption, encourage private enterprises to expand investment, and improve corporate financing environment.
However, China has not promoted currency or fiscal stimulus measures, such as issuing cash subsidies to encourage consumption, and it has not increased construction activities in the previous economic downturn.
The following are some recently announced measures:
Consumer Products
On July 18, 13 departments such as the Ministry of Commerce issued a notice on promoting several measures to promote home consumption, covering many fields such as home appliances, furniture, home textiles, and home improvement.The notice also encourages all places to combine the work of the old community of the town, and support residents to carry out the decoration and local upgrades of old houses through various methods such as government support and corporate promotion, and strengthen credit support for home consumption.
On July 28, the three ministries and commissions, including the Ministry of Industry and Information Technology, issued a notice of the Light Industry Stable Growth Work Plan on Friday.Light industry covers the fields of family supplies, food and paper -making to plastic products, leather and batteries, accounting for more than a quarter of China's total export value.The announcement states that it will support green and smart home products in rural areas and expand battery products in the fields of new energy vehicles, energy storage, and communication.
On the same day, the China Securities Regulatory Commission also announced the special provisions of the stock trading business of the Beijing Stock Exchange of the Securities Company (the draft for comments), which is intended to "promote the market to maintain reasonable liquidity level"
On July 31, the National Development and Reform Commission issued a notice on restoring and expanding consumption measures, focusing on the cancellation of the government's restrictions on consumption, such as the restrictions on car purchase, improving infrastructure, and organizing food festivals.Recently announced consumption measures.
Real Estate
The Politburo of the Mainland Government held a July meeting. The slogan "House is used for living, not used for speculation" has not been mentioned. The market speculates that some property control measures will be canceled in recent years.
On July 27, the Minister of Housing and Construction of China required to further implement policies and measures such as the purchase of the first set of housing down payment and loan interest rate, improving the purchase of taxes and fees for improving housing, and personal housing loan "do not need to recognize loans".
On July 10, the Bank of China and the State Administration of Finance and Administration issued a notice on extending the financial market for the stable and healthy development of the real estate market.Chinese central bank officials also stated in a speech that the central bank supports and encourages commercial banks to negotiate with borrowers to change contracts independently, or new loans will be issued to replace the original stock loan.
Car
On July 21, the Development and Reform Commission issued several measures to promote vehicle consumption, especially buying new energy vehicles, including reducing the cost of buying and using electric vehicles, continuing and optimizing the purchase tax reduction of new energy vehicle vehicles.In June, the Ministry of Commerce launched a six -month -old car consumer activity and promoted the popularization of electric vehicles in rural areas.
Technology
On July 19, the Central Committee of the Mainland Government and the State Council issued a opinion of promoting the development and growth of the private economy, which strongly showed that the Chinese government wanted to revitalize the confidence of private enterprises in China, and promised to treat state -owned enterprises and private enterprises equally and treat them equally.
On July 13, the China Internet Information Office issued an interim method for the management of generated artificial intelligence services. These 24 management measures have relaxed some regulatory measures proposed to the production artificial intelligence services a few months ago.
On July 27, the People's Bank of China introduced measures to encourage financial departments to provide credit support for technical research and mergers and acquisitions.
Project Construction
On July 24, the China Development and Reform Commission issued a notice of "further promoting the work of promoting private investment work and striving to mobilize the enthusiasm of private investment."In the fields of modern facility agriculture, a number of market spaces, strong development potential, strong national strategic and industrial policy requirements, and facilitating high -quality development industries, encourage private capital to actively participate.
China also plans to increase policy support for the transformation of Chengzhongcun.On July 21, when the Premier of the State Council, Li Qiang presided over the executive meeting of the State Council, stated that the government will increase the policy support for the transformation of the city in the city, encourage and support private capital to participate in order to expand domestic demand and promote the high -quality development of the city.
interest rate cuts and stable exchange rates
On June 13, the People's Bank of China accidentally lowered its main policy interest rates and provided currency stimuli for the economy.Data show that the decline in real estate, the decline in investment in private sector is worrying, and the unemployment rate of young people has set a record.
On July 20, the Central Bank of China and the Foreign Exchange Administration announced that the macro -prudential adjustment parameters of cross -border financing of enterprises and financial institutions were raised from 1.25 to 1.5, and said this was to continue to increase the source of cross -border funds for enterprises and financial institutions., Guide it to optimize the asset -liability structure.On the same day, the middle price was further expanded than the market forecast average value.
