男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Lawmakers to stress stability, infra investments

By ZHOU LANXU and LIU ZHIHUA | China Daily | Updated: 2022-02-28 09:13
Share
Share - WeChat
A worker walks across a digital manufacturing workshop of an electronic technology company in Ganzhou, Jiangxi province, on Feb 19. [Photo by Zhu Haipeng/For China Daily]

Official data showed that the country allocated 1.46 trillion yuan of the 2022 local government special bond quota in advance last year to spur infrastructure investments, with 484.4 billion yuan in special bonds having been issued in January. The bond proceeds will be used mainly in nine areas, including transportation, energy and environmental protection.

The country has also stressed at top-level meetings to carry out in advance infrastructure investments and speed up the construction of major projects arranged by the 14th Five-Year Plan (2021-25), which has had a positive impact on certain sections of the A-share market as well as commodity markets.

"The (steel) market has turned optimistic about this year's infrastructure investment growth as different regions successively rolled out major construction projects as part of pro-growth efforts," said Ma Lijiang, deputy general manager of Jingye Group Sales Corp, a steel producer based in Pingshan county, Hebei province.

"This will significantly drive market demand for steel products. We will seize the opportunity to expand our market presence," Ma said.

Apart from infrastructure investment plans, the two sessions may release policy measures to boost investments in high-tech manufacturing, green development and digital transformation in order to bolster the economy, said Cheng Shi, chief economist at Hong Kong-based ICBC International.

Thanks to sped-up investments in infrastructure and green development, buoyant high-tech manufacturing sectors and the construction of affordable housing projects, the Chinese economy may stabilize in the second half of the year and achieve full-year GDP growth of 5.1 percent, Cheng said.

Experts also expect the two sessions to announce tax and fee cuts of a greater amount compared with last year's roughly 1.1 trillion yuan, which will play a key role in cushioning economic downward pressure and vitalizing market players.

Finance Minister Liu Kun said in a recent article published by People's Daily that the country will scale up tax and fee cuts this year, with a focus on medium, small and micro-sized enterprises, self-employed businesses and manufacturers.

On the monetary policy front, experts said the two sessions may stick with China's commitment to avoiding flood-like stimulus and ensuring flexible and appropriate support for the economy, implying that there will remain some space for cuts in interest rates and the reserve requirement ratio if economic sentiment sours.

Chen Xingdong, chief China economist with BNP Paribas, said the People's Bank of China, the country's central bank, will likely further cut the policy interest rate in April or May by 5 basis points to boost credit growth and stabilize domestic demand.

As growth stabilization has become a top policy priority for the year, experts also anticipate more measures to be unveiled at the two sessions to fend off side effects of economic stimuli, like undermining debt sustainability and piling up financial risks.

Financial regulators will stay alert for any inappropriate allocation of liquidity that could spark financial risks in key areas like local government debt and the property market, said Cheng from ICBC International.

To avoid non-repayments of special bonds, the government will attach more importance to ensuring that infrastructure projects are able to generate adequate investment returns while stressing the effectiveness of fiscal policy in supporting the economy, Cheng said.

"Planning of infrastructure should be aligned with the future of economic growth," said Pang with ING. "Audit of local governments should be tighter to increase the efficiency of the use of funds in infrastructure projects."

Kaifusai Julaiti contributed to this story.

|<< Previous 1 2 3   
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 敦化市| 正宁县| 金坛市| 沂水县| 临海市| 林周县| 高雄市| 额济纳旗| 甘谷县| 万荣县| 喀喇沁旗| 平阳县| 牡丹江市| 井研县| 西林县| 芦山县| 陇川县| 临澧县| 武夷山市| 台北县| 定南县| 平罗县| 英德市| 宜兰县| 富阳市| 旅游| 潼关县| 兴隆县| 天峻县| 三门峡市| 大田县| 鸡泽县| 比如县| 蓬莱市| 达拉特旗| 延津县| 张北县| 永川市| 绥棱县| 泽普县| 罗城|