While maintaining confidence and determination in China's economy, we need to study the impact of the epidemic in a timely and comprehensive manner, enhance the foresight and foresight of counter cyclical adjustment, and increase the impact of macro policies on China's economy

       The key to turning the policy into dividend lies in the implementation of the policy, the race against time, the intensification of efforts in the specific implementation and the minimization of the losses caused by the epidemic

       The novel coronavirus pneumonia conference was held recently to analyze the situation of new crown pneumonia epidemic prevention and control and economic operation at home and abroad, and to study and deploy further coordination to promote epidemic prevention and control and economic and social development. It was pointed out at the meeting that more efforts should be made to adjust and implement macro policies. At present, the epidemic is spreading all over the world, which will inevitably have an impact on China's economy. While maintaining confidence and determination in China's economy, we need to study the impact of the epidemic in a timely and comprehensive manner, enhance the foresight and foresight of counter cyclical adjustment, and increase the impact of macro policies.

       Affected by the epidemic situation, the external demand declined rapidly in the first quarter of this year, and expanding the internal demand, especially the consumption demand, has become a top priority. On the one hand, all kinds of online new consumption emerging after the outbreak of the epidemic should be analyzed as soon as possible, summarized, effectively guided on the basis of strengthening supervision, explored good potential and maintained momentum. On the other hand, on the premise of ensuring safety, the consumption of physical stores must be gradually restored, which will boost the life service industry and traditional industry. To expand the consumption of residents, we should also increase the public consumption reasonably and spend money on the cutting edge.

       It can be predicted that the relevant consumption behaviors will be carried out online and offline simultaneously, but the pulling of inventory digestion and return to production is phased, and may be uneven. For example, movie theaters are temporarily closed, and online home theaters have great potential; tourism is impacted, and live museums are sucking powder. We should closely monitor these hot consumption spots and seize the opportunities. In terms of employment, only with employment can we have sustainable income, stimulate consumption from the source and expand domestic demand. Return workers and individual businesses need more targeted measures to stabilize their posts and increase their incomes.

       The reduction of enterprise cost, the optimization of expectation and the improvement of business environment are indispensable for the resumption of production, the stabilization of post and the increase of income. This fiscal and monetary policy is a discretionary choice, which clearly points to reducing the burden for enterprises in time, and requires the implementation of various tax reduction and fee reduction policies, such as "exemption of value-added tax for small stores with monthly income less than 100000 yuan and quarterly income less than 300000 yuan", etc. The central bank's rediscount of loans to commercial banks is equivalent to releasing the base currency to maintain sufficient liquidity, which is a direct help to the real enterprises. It is also a special countermeasure in a special period to postpone the repayment of principal and interest. Proper postponement can greatly reduce the cash flow pressure of small and medium-sized enterprises. To guide the downward interest rate of loan market can effectively alleviate the difficulty of financing and the high cost of financing with "real gold and silver", and actually reduce the cost. The key to turning the policy into dividend lies in the implementation of the policy, in the race against time, and in the specific implementation of the policy, we should increase efforts to minimize the losses caused by the epidemic.

       It is important to ensure growth, people's livelihood and expand investment demand in domestic demand. In the package of macro policy measures, since the reform and opening up, it is proposed for the third time that special treasury bonds will be issued, and new infrastructure construction related to "cloud economy" and "housing economy" needs to take greater steps. "New infrastructure" can't fight alone. It should follow the market and industrial laws, integrate with traditional infrastructure, inject new energy and vitality, promote new models and open new space together. Poverty alleviation is another battlefield to expand domestic demand. We need to increase efforts in the field, activate development potential in the areas of strength and weakness, and increase development potential in improving people's well-being.

       In the face of the future international economic situation, we must be well prepared to deal with various complex and difficult situations. Leading cadres at all levels should integrate their thoughts and actions into the decision-making and deployment of the Party Central Committee, and pay close attention to various work. It should be noted that the effectiveness of a scientific and precise counter cyclical adjustment policy depends on the implementation and the strength of specific implementation. We should always adhere to the principle of marketization and rule of law, implement regulation and control, and make more use of the methods of comprehensively deepening reform to improve quality and efficiency, so as to be able to break through the barriers, seize the pass and move forward, and strive to achieve the goal and task of economic and social development throughout the year.

       Source: People's daily