With negative GDP growth, will CPI return to the 4th era and certain policies will be implemented?

With negative GDP growth, will CPI return to the 4th era and certain policies will be implemented?
On April 20, the National Development and Reform Commission announced a regular press conference in March. For a quarter of concern to the outside world, GDP showed the first negative growth of 40 for the first time, and the CPI rose to 16 percentage points.”Japanese companies withdraw from China” and other issues responded one by one, and found that the macro hedging policy will continue to exert force, focusing on more active and promising fiscal policies, and more flexible and appropriate monetary policies, mainly: increasing the deficit rate, issuing anti-epidemicSpecial national bonds have significantly increased the size of local government special bonds.At the same time, in order to stabilize foreign countries, the National Development and Reform Commission will issue the 2020 version of the Foreign Access Substitution List and the 2020 version of the Catalogue for Encouraging Foreign Investment in Industries.GDP fell by 6 in the first quarter.8% response: Not historically comparable, it will increase the deficit rate and issue anti-epidemic special treasury bonds. “In the first quarter of this year, GDP fell by 6.8%, the main macroeconomic indicators have obvious deviations.The macroeconomic data actually reflect the coldness and warmth of the micro-subjects and changes in the market environment.Yan Pengcheng, director of the National Economic Integration Department of the National Development and Reform Commission, said.Yan Pengcheng proposed that the negative economic growth of the whole year in the first quarter is not historically comparable. It is not a normal reflection of the fundamentals of China’s economic development, but the result of sudden and serious incidents.He then introduced the process of resuming production and resuming business, resuming business and resuming the market.Judging from the situation since March, various economic indicators are gradually improving.In terms of production, physical consumption indicators such as electricity consumption and freight volume have recovered significantly. The industrial decline in March has narrowed significantly compared with the previous two months.4 units, the decline in the service industry production index narrowed by 3.9 digits, electricity consumption has increased by 1 in early April.5%.On the demand side, domestic demand is continually recovering. In the first quarter, investment and consumption fell by narrower than in the previous two months8.4, 1,5 averages.In terms of expectations, in March, the Manufacturing Purchasing Managers Index (PMI) and the Non-manufacturing Business Activity Index rose 16 respectively.3, 22.7 in one, double and double return above the glory line.Undoubtedly, he mentioned the industry in the mid-to-high-speed development of epidemic response.He said that the production and sales of some industrial and agricultural products that meet the basic needs of the people have maintained positive growth. The industries such as medical treatment and health and epidemic prevention have developed rapidly. New formats such as online classrooms, online offices, and telemedicine have grown rapidly. Information transmission, software and information technologyThe added value of the service industry has increased significantly by 13 each year.2%.The construction of large-scale major foreign-invested projects is accelerating, and some well-known international companies are settling in the headquarters of the headquarters in China to accelerate the progress of breakthroughs.It seems that he still has a lot of room for continuous and continuous efforts to formulate macro hedging policies.Various departments in various places have successively issued a variety of policy measures, and these policies are currently being gradually implemented.Affected by the “second impact” of the international epidemic, the domestic supply and demand cycle has not been completely smoothed. Some enterprises, especially small and medium-sized enterprises, are still facing difficulties in production and operation. Some individual industrial and commercial households have also been closed down.”We feel the difficulties and challenges encountered by various market players.In the next step, we will deploy in accordance with the resolutions of the Party Central Committee and the State Council, and with relevant departments, in the areas of finance, investment and consumption, employment and people’s livelihood, we will pay close attention to start to change the intensity, targeted policy adjustments, and strive to help enterprises overcome difficulties,Improve the ability to survive and develop and effectively stabilize the economic operation.Yan Pengcheng said.”The focus of the next macro-policy hedging will be a more proactive and promising fiscal policy, a more flexible and appropriate monetary policy, hedging the impact of the epidemic, and preventing short-term shocks from becoming trendy changes.”Mainly: increase the deficit rate, issue special anti-epidemic bonds, greatly increase the scale of local government special bonds, increase the support for grassroots operations, increase the funding support for major projects to supplement the shortcomings, and increase the support for the stability against epidemics; Through standard reduction, interest rate reduction, and re-lending, to maintain reasonable and sufficient liquidity, guide the loan market interest rate to fall, and use funds to support the real economy, especially small and medium-sized enterprises.Yan Pengcheng said.”American and Japanese companies withdraw from China”?Response: Foreign companies ‘investment expectations are getting stronger. The news of the 2020 version of the increase list and encouraging the choice of“ U.S. and Japanese companies to withdraw from China ”has attracted wide attention from all walks of life. The news from the National Development and Reform Commission quoted Yuan Da as saying that the Chinese government has strengthened its support for economic transformationMutually beneficial and open development.”The new coronary pneumonia epidemic has caused a huge impact on the world economy. In this special period, countries need to join hands to stabilize the global industrial chain and supply chain.What the government needs to do is to help enterprises overcome difficulties and overcome difficulties, rather than increase uncertainty.Yuan Da responded to the external discussion.He said that after experiencing rapid control of the epidemic in China and comprehensively promoting the resumption of production and production, the basic foreign market was generally stable, foreign enterprises ‘production and operations in China gradually became normal, the order completion situation continued to improve, foreign investor confidence gradually increased, and a large number of new projectsThe imminent landing will fully demonstrate the stability and tenacity of China’s investment environment.A recent survey conducted by the American Chamber of Commerce in China, the US-China National Trade Commission, the Japan Trade Promotion Agency and other chambers of commerce shows that in the past three months, the production and operation of Chinese-funded and Japanese-funded enterprises have tended to improve in the past three months.The number of enterprises considering adjusting the industrial layout is very small.Regarding the key work of subsequent stable foreign exchange transactions, Yuan Da said that he will first further promote foreign exchange projects and corporate resumption of production.Efforts will be made to help solve the difficulties and obstacles of resumption of production, and promote the coordinated resumption of production in the upstream and downstream of the industrial chain.It is worth noting that Yuan Da said that for the list, the revision will further relax lenient access, further improve the openness of the service industry, manufacturing, and agricultural fields, and continue to test first in the pilot free trade zone.In response to encouragement and encouragement, this revision will only increase and not decrease, the focus is to promote the continuous development of manufacturing.CPI returns to the “4 era” response: CPI will “before the high and low”, and actively develop cold chain logistics. The recent CPI increase returned to the “4 era”, which Yan Pengcheng responded to and said: “CPI growth rose by 4 before March.3%, the increase narrowed by 0 from last month.9 averages, a decrease of 1.2% is the largest month-on-month decline in the past 10 years, reflecting to a certain extent that the impact of the epidemic on the production and marketing of major agricultural and sideline products and other consumer products there is easing rapidly.In response to the forward trend of CPI, he said that through the further recovery of the production and living level of the whole society, CPI’s growth rate continued to fall, so that it will show a trend of “before high and then low”.To ensure that the prices of important people’s livelihood commodities are basically stable, Yan Pengcheng said that the National Development and Reform Commission will do three key tasks with relevant parties.The first is to strengthen pork supply and stabilize prices.Start the implementation of a subsidy project for the construction of large-scale pig farms, and encourage the expansion of pork and other meat imports.He specified a set of data: In the past two months, pork prices have continued to fall from a high level. On April 19, the retail price of pork in supermarket markets in 36 large and medium-sized cities fell by 12% from mid-February.At the same time, the next step also includes strengthening the supply of grain and oil markets and strengthening the guarantee of people’s livelihood.Increase the delivery of finished grains and oils, actively promote the resumption of production of grain processing enterprises, and guide localities, especially large and medium-sized cities, to increase finished grains and oils stocks.Taking the linkage mechanism linking social rescuers and security standards to price increases as an important starting point, during the new coronary pneumonia epidemic, the actual expenditure in various regions reached a total of US $ 9.3 billion.In order to continue to do a good job in ensuring the supply and price stability of important people’s livelihood commodities, he emphasized that the focus of his work includes smooth flow.It is mainly to actively develop cold chain logistics, strengthen the public welfare attributes of the agricultural products market, and reduce logistics transportation and market transaction transfer losses and costs.At the same time, we must increase supply.The main reason is to continue to do a good job in the delivery of central frozen pork reserves, expand delivery efforts at important moments, and encourage business enterprises to expand the import of important livelihood commodities.Sauna, Ye Wang Zhang Shuxin editor Yue Caizhou proofreading He Yan