The State Council Has Put Forth Practical Measures To Strengthen Foreign Trade Enterprises And Expand The Domestic Market.

Li Keqiang, premier of the State Council, chaired a State Council executive meeting on June 9th to determine a special transfer payment mechanism for new financial funds to directly benefit enterprises and benefit the people.

The meeting pointed out that in accordance with the deployment of the CPC Central Committee and the State Council, it is urgent for this year's government to do well the work of "six stability" and implement the "six guarantees" task. The main body of job market protection and livelihood insurance market depends on the implementation of cities and counties. This year, the state has decided to reduce taxes by 2 trillion and 500 billion yuan, which will reduce the burden of social security by more than 1.6 billion yuan, most of which will be realized in the second half of the year. Many places are also reducing taxes and fees independently. This will strongly support enterprises, especially small and medium-sized enterprises, to relieve the difficulties of the people, but also bring a great gap to the financial resources of cities and counties. A total of 2 trillion yuan of new fiscal deficit and special anti epidemic national debt will go directly to cities and counties. It is necessary to support local implementation of measures to help the small and medium enterprises, individual businesses and difficult people affected by the epidemic. The meeting confirmed that the special transfer payment mechanism should be set up, and the new fiscal funds will be allocated to cities and counties at the first time by increasing the central government's transfer payments to the central government and arranging the transfer payment of government funds. Central finance will strengthen management with relevant departments. At the same time, the provincial governments should be good at "passing the money God" and do not "throw away the treasurer", while strengthening the supervision of funds, and at the same time, they will further sink their financial resources to the grass-roots level to make up for the shortfall of grassroots financial resources, so as to ensure that the main measures taken by the central government to ensure employment, protect people's livelihood and protect the market are truly implemented. The city and county governments should establish and use ledgers to ensure that the capital flow is clear and the accounts can be checked. The Ministry of finance should synchronously establish a full coverage and full chain monitoring system. The Treasury at all levels must supervise and urge the point to point to directly allocate funds and ensure that the accounts are in line with each other, and the audit department should carry out special audit. We must seriously deal with the problem of interception, misuse and false reporting according to the law.

Lin Zhiyuan, deputy director of the center for macroeconomic research of Xiamen University, told the economic reference daily that protecting the basic livelihood of the people, protecting the residents' employment and protecting the market players are the focus of the current policy of relief. The new policy funds include the new fiscal deficit and special national debt, which go directly to the grass-roots level and go directly to the people's livelihood. All of them fall into enterprises, especially small and medium enterprises, individual businesses and difficult people. In addition, policies can be used up and exhausted. Real gold and silver ensure enterprises to stabilize and help to stimulate market vitality and promote an early recovery of the economy.

Liu Xiangdong, deputy director of the Economic Research Department of China International Economic Exchange Center, told the economic reference daily that the new financial funds directly benefit the enterprises and benefit the people. Special transfer payment mechanism is needed to ensure the effectiveness of transfer payment, so that the central financial resources can directly reach the counties and cities, small and micro enterprises, individual businesses and difficult groups. In order to ensure that funds sink, we must ensure that capital flows are clear.

The meeting confirmed that in order to help the foreign trade enterprises with nearly 200 million jobs to help them develop, enterprises should be encouraged to expand the international market while supporting marketable export products to open up the domestic market. Simplify domestic certification and tax procedures. Support e-commerce platform, large commercial enterprises and other foreign trade products to carry out domestic sales activities. Financial institutions are encouraged to increase credit support and pledge financing such as accounts receivable, inventory and order. Relying on large business platform to strengthen direct lending business for small and micro foreign trade enterprises.

"There is still much uncertainty in the current external demand. The export of foreign trade enterprises is facing greater pressure to help foreign trade enterprises transform and develop. While supporting foreign trade enterprises to expand the international market, they encourage foreign trade enterprises to design marketable products and carry out domestic sales activities. At the same time, we should guide financial institutions to provide financing support and enhance the ability of foreign trade enterprises to make full use of the two markets. Liu Xiangdong said.

Pang Chaoran, an Associate Research Fellow of the Ministry of Commerce, said that compared with large foreign trade enterprises, small and medium-sized foreign trade enterprises are not strong in comprehensive strength, cash reserves are not large, and market status is not high, which is more vulnerable to the impact and impact of the epidemic. "Through further measures, through the development of new forms of foreign trade such as cross-border electricity providers, to help enterprises reduce institutional transaction costs, support small and medium enterprises to actively expand the international market space, take measures to form a policy force, will effectively help small and medium-sized foreign trade enterprises continue healthy development." Pang Chaoran said.