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Fiscal policy next step will be to expand consumption of main attack by big tree





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Fiscal policy next step will be to expand consumption of main attack by
Article Posted: 07/30/2010
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Articles Written: 1033
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Fiscal policy next step will be to expand consumption of main attack


 
Business,Business News,Business Opportunities
China's macroeconomic trends for the judge, Vice Finance Minister Li Yong, 29, the second CFO in closed-door meeting that the annual, our proactive fiscal policy and loose monetary policies, a positive impact on economic performance, China's economy to stabilize the overall situation better. He pointed out that our next step should be the development of strategic new industries and foster new economic growth point.


Economic stabilization to the overall good
Li Yong said that China focus on five aspects of fiscal policy in a great and positive results. First, the expansion of public investment, vigorously promote consumer demand. Second, to promote tax reform, the implementation of structural tax cut. Third, the adjustment of national income distribution, raise the income of low-income groups. Fourth, further optimize the structure of financial expenditure, to protect and improve people's livelihood. Fifth, strong support for technological innovation and energy savings, promote economic restructuring and development mode.


He said that China has achieved initial success to address the financial crisis, China's "scenery here is fine", but there are still some uncertain factors, the economic recovery are not yet solid, sharply reduced external demand, domestic economic structure is irrational extensive mode of growth and other long-standing problem unresolved. Global economic recovery is a complex and tortuous process, in addition, developed countries have changed consumption patterns, global currency significant increase in the short term, to bring the future variables.


Cultivate new economic growth point He pointed out that the next step in the growth process to ensure greater emphasis on promoting structural adjustment, accelerate innovation, enhance energy saving. The development of strategic new industries, cultivate new economic growth point. Developing new industries, promoting the use of green technologies and products, is to stimulate consumption, increased investment, an important link in the export and stability, but also adjust the structure of reality point.


When financial crisis struck, but also to bring about a series of structural adjustment in China's opportunities and new industries developing environmental requirements will become new economic growth point, the next step of economic development in China has played an important leading role in . Concerned that the focus on the development of new energy industry, focusing on energy saving, which is to cultivate new economic growth pole of the "additive" Golden Sun at present China has carried out projects to increase the development of photovoltaic industry efforts being implemented, in addition, the new energy vehicles, renewable energy, wind power and other related areas of the scale belong to focus on objects.


Foothold to expand consumption growth He said the next step should focus on expanding domestic demand, especially consumer demand, enhance the strength of economic growth is steady and rapid economic development standpoint.


"System of fiscal policy to expand domestic demand is the biggest bright spot," the Treasury official pointed out, the next step to expand our fiscal policy will also focus on consumption, will now be the home appliances, automobiles and other policies to the countryside and TM to continue continues, the current consumption in China has emerged a series of good development trend. 1-7 in total retail sales of social consumer goods in China 6.8648 trillion yuan, up 15.0%, and showed a good momentum of structural adjustment, rural consumption growth higher than the city.

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