Products Center
More Products

In 2024, it is planned to arrange 3.9 trillion yuan of local government special bonds to issue 1 trillion yuan of ultra-long-term special bonds.

March 05, 2024

March 5, 2024,The second session of the 14th National People's Congress was held in Beijing.。

The report on the work of the government made at the meeting said.,In 2023, China's overall economic recovery is good.。The GDP exceeded 126 trillion yuan.,Growth 5.2%,The growth rate is among the highest in the world's major economies.。

However, the report also States that“China's economic development in wave form、Zigzag advance,Decline in external demand meets insufficient domestic demand,Cyclical and structural problems coexist,Real estate in some places、Local debt、 Small and medium-sized financial institutions and other risks highlighted”。

This year marks the 75th anniversary of the People's Republic of China.,It's a realization “Fourteen five”A key year for planning objectives and tasks。The anticipated targets set out in this year's report on the work of the government are::GDP up 5 percent%Left and right;More than 12 million new jobs were created in cities and towns,Urban Survey Unemployment Rate 5.5%Left and right;Consumer prices rose by 3 percent%Left and right;Synchronize the growth of residents' income and economic growth;Maintain a basic balance of international payments;Grain output is more than 3 trillion Jin.;Reduce energy consumption per unit of GDP by 2 percent.5%Left and right,Continuous improvement of ecological environment quality。

Explained in the government work report,The above expected objectives,It takes into account the situation at home and abroad and various factors.,Taking into account both needs and possibilities。The target for economic growth is 5 percent%Left and right,Considering the promotion of employment and income increase、The need to prevent and defuse risks,And with “Fourteen five”The plan is linked up with the goal of basically realizing modernization.,It also takes into account the potential of economic growth and supporting conditions.,Reflect positive and enterprising、The requirement of striving for success。

We will continue to follow a proactive fiscal policy this year.,It is clear that moderate force should be applied.、Improve quality and efficiency。Integration of development needs and financial sustainability,Make good use of fiscal policy space,Optimize the combination of policy tools。The deficit rate is proposed to be 3% Arrangement ,The size of the deficit 4.06 trillion yuan,An increase of 180 billion yuan over the budget at the beginning of last year。Fiscal revenue is expected to resume growth this year.,Plus incoming funds, etc.,Expenditure scale of general public budget 28.5 trillion yuan、Increase of 1% over the previous year.1 trillion yuan。Proposed arrangement of local government special bonds 3.9 trillion yuan、An increase of 100 billion yuan over the previous year。

This year,To systematically solve the problem of building a powerful country、Funds for some major projects in the process of national rejuvenation,Starting from this year, it plans to issue ultra-long-term special treasury bonds for several consecutive years.,It is dedicated to the implementation of major national strategies and security capacity building in key areas.,First issue 1 trillion yuan this year。

Report on the work of the government,The prudent monetary policy should be flexible and moderate.、Accurate and effective。Maintain reasonable and sufficient liquidity,Scale of social financing、The money supply is in line with the expected target of economic growth and price level。Strengthen the dual adjustment of total quantity and structure,Activate the stock、Improve efficiency,Increase attention to major strategies、Support for key areas and weak links。Promoting the steady decline of the cost of social comprehensive financing,Smooth monetary policy transmission mechanism,Avoid capital precipitation and idling。Enhance the internal stability of the capital market。Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level。Vigorously develop science and technology finance、Green Finance、Inclusive finance、Pension finance、Digital Finance。Optimize financing and increase credit、Risk sharing、Information sharing and other supporting measures,Better meet the financing needs of small and medium-sized enterprises。

In terms of government tasks in 2024,It proposes to better coordinate development and security.,Effectively prevent and resolve risks in key areas。Insist on promoting high-level safety with high-quality development,Guarantee high-quality development with high-level security,Resolve real estate by addressing both the symptoms and root causes、Local debt、Small and medium-sized financial institutions and other risks,Maintain overall economic and financial stability。

Risk disposal,Government Work Report Requirements“Improve the overall coordination mechanism for major risk management, Compacting the main responsibility of enterprises、Department supervision responsibility、Local territorial responsibility,Improve disposal efficiency,Firmly hold the bottom line of no systemic risk。”Optimize the real estate policy,The reasonable financing needs of real estate enterprises with different ownership systems should be supported equally.,Promote the steady and healthy development of the real estate market。Coordinating local debt risk resolution and stable development,We will further implement the package debt reduction plan.,Properly resolve the risk of stock debt、Strictly guard against the risk of new debt。Steadily promote the risk management of small and medium-sized financial institutions in some places。Crack down on illegal financial activities。

Construction Machinery Online

Language Options

E-Mail: alina@global-ce.com TEL: 0086-10-84673349 FAX: 0086-10-84673349
Site: International - China - U.S.A - Russia - France - Spain - Portugal - India - Germany - Saudi Arabia - Indonesia

Copyright Notice 2002-2024 global-ce.com Construction Machinery Online. All rights reserved.

Address: Room 901, Building C, Ruipu Mansion, Hongjunying South Road No.15, Chaoyang District, Beijing.100107 P.R.China