On June 18th, our city once again launched a package of policy measures to implement and stabilize the economy, including a total of 16 policy measures, including fully implementing national fiscal policies, making full use of monetary and financial support, expanding investment and optimizing structure to promote consumption, and securing the bottom line of people’s livelihood guarantee. We will effectively coordinate epidemic prevention and control with economic and social development, and strive to achieve the expected goals of economic and social development for the whole year.
It is reported that this is a heavyweight measure launched by our city in accordance with the principles of comprehensive top-notch, maximum output, precision and efficiency, following the “47 policies” of stabilizing the supply chain and helping enterprises. It not only comprehensively implements the requirements of national and provincial policies, but also reflects the needs and local characteristics of enterprises, empowering them.
The newly introduced package of policies and measures to stabilize the economy focuses on effectively connecting with the policies already introduced in the previous stage, and strives to stabilize the economy from both supply and demand sides. Fully support market entities to overcome difficulties from the supply side, and fully support the stability and security of industrial and supply chains; From the demand side perspective, expand domestic demand, play a key role in investment, and continuously activate the consumer market.
Specifically, focusing on stabilizing the main body to boost confidence, comprehensively utilizing various financial measures, and playing a good combination of relief and assistance. For example, the 2022 property tax and urban land use tax will be halved for enterprises in the four major industries of accommodation, catering, cultural and entertainment, transportation, and tourism, which have been severely affected by the epidemic. We will implement a phased deferral of three social security fees for five extremely difficult industries, including catering, retail, tourism, civil aviation, road, waterway, and railway transportation, as well as other industries designated by the state. Focusing on cost reduction and stable operation, efforts will be made to increase government procurement support for small and medium-sized enterprises, increase rent reduction for operating properties, and reduce operating costs for enterprises, in order to accelerate the implementation and effectiveness of relevant policies; Focusing on stabilizing finance to promote relief, increasing financial relief efforts, and increasing financial support in key areas; Focus on expanding investment and optimizing structure, accelerate the promotion of investment in key areas, and accelerate the planning and promotion of a number of major industrial projects with private investment; Focusing on promoting consumption and increasing vitality, expanding the issuance of consumption vouchers, increasing the leverage of the consumer market, increasing investment in consumption promotion, and stimulating the vitality of the consumer market; Focusing on strengthening foreign trade and attracting foreign investment; Focusing on the bottom line of benefiting people’s livelihoods, increasing efforts to stabilize enterprises and employment, vigorously attracting college graduates for employment, and strengthening social security for people’s livelihoods.
In terms of efficient implementation, the municipal government proposes to establish a supporting policy service system, carry out precise services such as “thousands of cadres helping enterprises relieve difficulties”, comprehensively deliver policies to enterprises, strengthen policy publicity and consultation, expand policy awareness, ensure that enterprises should enjoy everything, and enhance their sense of gain.
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(Contributed by Ningbo Municipal Commission of Commerce)