Around the steady growth of the New Deal have been introduced in the second half down prospective tax cuts or parallel
BEIJING, Finance Channel Statistics found that the steady growth in a number of measures since July, Guangdong, Ningbo, Nanjing, Changsha and other provinces and cities introduced, opened the place steady growth of the curtain.
BEIJING, August 7 (Commercials He Min) According to media reports, since July, Guangdong, Ningbo, Nanjing, Changsha and other cities the introduction of stable growth initiatives, increase the scale of investment. From the point of view of the recent attitude of the provincial officials, the local version of "steady growth" policies adopted in succession. Most of the provinces in the first half of fiscal revenue growth rate of super-GDP, is still large room for tax cuts.
With the central bank last week within a week to mention the monetary policy effectiveness, the market drop potential is expected to increase. Meanwhile, with the expansion of the camp changed by "pilot, the second half of the consumption tax, resources tax, property tax and other aspects of tax reform or to carry out, to expand the range of structural tax reduction can be expected. Fiscal policy and monetary policy as the two major control means, drop the second half of prospective tax cuts or parallel.
Development and Reform Commission project approval speed local version of the steady growth policies have been introduced
"Steady growth" measures have been introduced since the first half. This year, each component and the relevant departments of the introduction of the 42 people capital "36" Rules for the Implementation, covering railways, energy, telecommunications, finance and other key areas. Previously held a State Council executive meeting to urge the new 36, "Rules for the Implementation floor. With the breaking of the glass doors, private capital, or usher in a new round of investment boom. "Economic Information Daily reported on the 6th March, the NDRC project approval through the maintenance of more than 200 per month investment in infrastructure continues to accelerate.
In addition to the central investment is growing, and localities have also gradually introduced various policies to increase the scale of investment. WASHINGTON financial channel statistics, since July, Guangdong, Ningbo, Nanjing, Changsha, Guizhou and other provinces and cities in the introduction of steady growth in the number of measures, opened the place steady growth of the curtain.
"Economic Information Daily" article pointed out, the Sichuan Provincial Party Secretary Liu Qibao, July 15, adhere to the annual objectives and tasks without wavering, the main direction resolutely and effectively to promote industrial recovery, stable investment growth. On the same day, the Guizhou Provincial Party Committee Secretary Li Zhanshu, we must strive to cultivate new growth points in the increased investment in infrastructure construction. July 20, Governor of Guangdong Province, Zhu Xiaodan, stressed the need to stabilize and expand the investment to reverse the investment decline in the steady growth momentum as Guangdong key links and important initiatives. View from the recent attitude of local leaders, some places in the second half may be introduced more similar policies.
Two mention monetary policy of central banks one week "effectiveness" of August, or re-down quasi-
With the decline of economic growth, inflation situation to accelerate the fall to provide more room for monetary policy operations, a number of experts and institutions predict that in August the central bank may again lowered deposit reserve ratio. The central bank twice refers to "improve the effectiveness of monetary policy," and said that "enhance the regulation of the forward-looking", and enhance market is expected to drop standards.
Pass so that the voice of the 2012 People's Bank of China branch president of the forum held on August 3 to 4: the second half of the financial macro-control and financial reform, development and stability of the task is very arduous, monetary policy is to maintain continuity and stability as well to enhance the forward-looking, relevance and effectiveness. August 2, the central bank released the second quarter of 2012, China's monetary policy implementation report also stressed that further enhance the effectiveness of monetary policy, an effective solution to the structural contradictions of supply and demand of credit funds.
June CPI hit in February 2010 to a new low in July for the upcoming release of economic data, most agencies forecast CPI growth will fall below 2%. Continuing to fall in the CPI also enhanced the market for central bank is expected to continue to maintain a moderately loose monetary policy. According to the Huaxi Dushi Bao "reported on the 6th, the Industrial Bank chief economist Lu political commissar of the forecast, the central bank will cut the deposit and the prospective rate of 0.5 percent in August. Bank of Communications chief economist Lian Ping said that now, foreign exchange rate of increase was slowing down, incremental substantial reduction in future reserve ratio further downward trend after August are likely to down.
Structural room for tax cuts to look forward to the implementation of preferential policies are not discounted
In addition to monetary policy, fiscal policy for the "steady growth" more and more are expected to play a more important role. Recently held a State Council executive meeting decided to camp changed to increase the pilot expanded to 10 provinces and cities of Beijing and Shenzhen, which is an important part of a structural tax cut, is also a steady growth through fiscal policy initiatives. Massive stimulus policies after the financial crisis, the current round of "steady growth" or greater reliance on fiscal policy.
Around the economic growth in the first half of a general decline, in accordance with the principles of economics, the tax increase with economic growth, with the economy slow down, slow down, the corresponding fiscal revenue will be slowed down, but the data shows that the vast majority of provinces, autonomous regions, fiscal revenue grew faster than GDP. WASHINGTON financial channel to incomplete statistics, the statistics of 24 provinces in the first half of fiscal revenue, the 21 provinces of the local fiscal revenue growth surpassed the GDP. People's Daily published an article that fiscal revenue growth higher than GDP growth, the underlying causes is higher than the GDP growth accounted for 70% of the total tax revenue growth rate of turnover tax, structural tax cut is still a large space.
Has been introduced in the first half of the number of tax concessions, and how to implement is particularly important after the introduction of the policy. In the nation's tax system, deepen the reform of the tax collection work conference, Vice Secretary of the State Administration of Taxation Xie Xuezhi stressed: "can not be discounted tax revenue task tension in the implementation of the preferential tax policies on the grounds that."
Two sessions presented during the 2012 budget report shows that the content of tax reform in China this year six involved in the business tax reform levy VAT, consumption tax, resources tax, property tax, urban construction and maintenance tax, environmental taxes, in addition to the camp to change growth , the other no substantive action expected in the second half taxes reform step by step. At present, the local version of the tax cuts have been introduced. Ningbo Municipal Government recently introduced aimed at steady growth of readjusting the structure of "Twenty-six opinions", which increase the tax policy to foster efforts to "the most remarkable.