Stability Of Policy Is Crucial To Boost Investment Confidence.

Under the complicated situation at home and abroad, China's economy is improving.

The current downward pressure on the economy is still relatively large, the new normal characteristics are more obvious, for the real economy operation, to maintain macroeconomic policy stability in order to stabilize expectations, major reform measures landing to enhance confidence in development, thereby boosting China's economic giant waves and stability.

The economic operation must be stable and the policy orientation should be clear.

Xu Shaoshi, director of the national development and Reform Commission, said recently that the policy of macroeconomic regulation and control in the second half of the year indicated that the policy of stabilizing macroeconomic policy should focus on the flexible control of cameras.

Aftereffect, we should implement active fiscal policy and implement prudent monetary policy flexibly and moderately.

Maintaining macroeconomic policy stability is aimed at stabilizing market expectations.

Since the beginning of this year, China's economy has faced many difficulties. On the one hand, the international environment is complex and severe, and the recovery of the world economy is less than expected, with many uncertainties and uncertainties.

On the other hand, China's economy is in a critical stage of structural adjustment, pformation and upgrading. Adjustment pains continue, private investment growth is down, corporate investment will not be strong, financing is difficult and financing is expensive.

Identify the lesion and prescribe the right medicine.

Inject "health factor".

We should give full play to the effect of fiscal funds, promote the mode of cooperation between government and social capital (PPP), encourage private investment, and guide social capital to invest in the weak areas of real economy and infrastructure construction.

We should dredge monetary policy pmission channels and optimize credit structure.

We should reduce the cost of intermediate links of loans, clean up unnecessary capital channels and bridge links, cancel and reduce non substantive financing charges, and reduce the financing cost of enterprises.

To stabilize credit, we must help enterprises to overcome difficulties through the necessary, risk controllable recovery, refinancing and renewal of loans, so as to realize the win-win situation of banks and enterprises and support the development of the real economy.

Lowering fees allows companies to travel lightly.

The actual tax burden of various industries has decreased overall. The tax reduction is expected to exceed 500 billion yuan this year. The reduction of social security rates and the proportion of housing provident fund payment is expected to reduce the burden of enterprises by about 100000000000 yuan each year. The government standard fee collection projects are expected to be reduced by about 26 billion yuan a year.

The policy effect has been emerging, and there have been some positive changes in the economic operation.

According to the latest statistics released by the National Bureau of statistics, the main indicators of national economy have improved in August, industrial production has accelerated, investment growth has stabilized and sales have been stable.

Take investment as an example, since the two quarter, China's fixed asset investment growth rate has dropped continuously.

Sustained sharp decline in growth rate raises concerns.

Judging from the situation in August, investment growth has shown signs of stabilization. Investment in the "short board" sector has increased rapidly, and investment in weak links has been strengthened.

Data show that from 1 to August, China's fixed asset investment grew by 8.1% over the same period last year, and the growth rate was unchanged from 1 to July, of which 8.2% increased by August, and 4.3 percentage points faster than July.

What is particularly striking is that after 6 consecutive negative growth in July and August, private investment increased by 2.3% in August.

As the latest major economic indicators have been improved, some agencies have increased China's growth forecast for the coming year and next year.

The Asian Development Bank recently released a forecast that China's economic growth rate in 2016 will be 6.6%, slightly higher than the 6.5% forecast in March, and the 2017 growth forecast was also raised from 6.4% to 6.4%.

Although China's real economy has improved, it still faces certain uncertainties.

To change the uncertainty of the market, the key is to rely on stable expectations. This needs to maintain the stability and continuity of macroeconomic policies, enhance the pparency and predictability of policies, enhance the confidence of enterprise development, and create a good macro environment for the development of the real economy.