China's State Council issued ten measures to increase domestic demand and the expansion of the multi-billion dollar investment

Xinhua Beijing on November 9 State Council Premier Wen Jiabao chaired a State Council on the 5th executive meeting to study the deployment of further expanding domestic demand to promote stable and rapid economic growth। The meeting held that the last two months, the financial crisis in the world economy became more grim international economic environment, to resist the negative impact on China, must have the flexibility to prudent macroeconomic policies to cope with the complicated and ever-changing situation. At present, we should implement a proactive fiscal policy and moderate monetary policy, the introduction of more effective measures to expand domestic demand, accelerate the people's livelihood projects, infrastructure, ecological environment and post-disaster reconstruction Improve urban and rural residents, especially low-income groups, income levels, to promote stable and rapid economic growth.
The meeting decided to further expand the current domestic demand and economic growth of ten measures. The first is to speed up construction of housing security. Increase support for building low-cost housing, squatter settlements speed up the transformation of nomads to settle in the implementation of the project, the repair of dangerous buildings in rural areas to expand the pilot. Second, to speed up infrastructure construction in rural areas. Marsh gas in rural areas increased, the safety of drinking water projects and rural highway construction, and improve the rural power network, such as South-North Water Transfer speed up the construction of major water conservancy projects and to reinforce dangerous reservoirs, strengthening the large-scale irrigation area. To increase poverty alleviation and development efforts. Third, speed up the railways, highways and airports and other major infrastructure. Focused on building a number of passenger lanes, Coal and Western Corridor rail line, improve the highway network, arranged in the central and western trunk line airport and airport construction, urban power grids. The fourth is to speed up health, culture and education development. The grass-roots level to strengthen the medical and health service system to help speed up the transformation of the rural junior high school, the central and western regions to promote special education schools and cultural construction of an integrated township. Fifth, to enhance the ecological environment. To speed up urban sewage and garbage treatment facilities and key water pollution control, focus on strengthening the protection forest and natural forest resources protection project in support of key energy-saving emission reduction projects. Sixth, speed up innovation and structural adjustment. Support the construction of high-tech industry and industrial technology, to support the development of the service industry. Seven is the earthquake-stricken areas to speed up reconstruction work. Eight is to improve the income of urban and rural residents. Next year to raise the minimum grain purchasing prices and improve the comprehensive agricultural subsidies, subsidies for seeds, agricultural subsidies, standards, and increase their income. To improve low-income groups, such as social security treatment target levels, in urban and rural low subsidies continue to increase the level of basic pensions of retirees entitled groups and subsistence allowances standards. Nine in all areas, the full implementation of all the industry value-added tax reform and restructuring to encourage technological upgrading of enterprises, reduce the burden on enterprises 120,000,000,000 yuan. Is the tenth increase the economic growth of the financial support. The lifting of commercial restrictions on the size of bank credit, a reasonable scale of credit expansion and increase its focus on engineering, the "three rural", small and medium enterprises and technological transformation, mergers and acquisitions of credit support, targeted training and consolidation of consumer credit growth. Preliminary estimated that the implementation of the project, by the end of 2010 to about 4 trillion yuan of investment. In order to speed up the construction progress, the meeting decided that the increase in the first quarter of this year, four arrangements of the Central 100,000,000,000 yuan of investment, next year ahead of time post-disaster reconstruction fund 200 billion, and the local community to promote investment, the size of the total reached 400,000,000,000 yuan. The meeting called for faster expansion of investment in hand, to re-punching, steps should be accurate, it should work. To highlight the focus of serious choices, strengthen management, improve the quality and efficiency. To give priority to projects already planned to increase support to speed up the progress of the project, start at the same time pay close attention to a number of new construction projects, into a number of people looking forward to a long-term economic development of the relations between the major event. Adhere to help promote economic growth, and help promote the structure adjustment; help pull the current economic growth, and enhance economic development potential; effective expansion of investment, we actively promote consumption. We should deepen the reform to promote growth and better together, under the national macro-control and give full play to the market in resource allocation role; to play both central and local initiative. The meeting stressed that despite the many difficulties we face, but China's huge potential for domestic demand, the overall stability of the financial system, businesses cope with changes in the market's awareness and ability of the world economy adjusted to speed up the upgrading of the structure of our country, introducing advanced foreign technology and human resources , And other new opportunities. As long as we take timely and decisive measures to correct policies, and seize the opportunities, meet challenges, we will be able to maintain stable and rapid economic development.