China Executive Meeting Tender

Li Keqiang presided over an executive meeting of the State Councilto deploy a series of policies and measures to stabilize the economy strengthen the foundation of economic recovery and development and decided to increase the quota of policy-based development financial instruments and make good use of the balance of special bonds in accordance with the law. Increase subsidies for agricultural materials and support power generation enterprises to issue bonds Financingdetermined to postpone the payment of a number of administrative charges and measures to support the development of private enterprises to ensure market players and employment. It wasdecided to dispatch a working group to stabilize the economic market to supervise and serve the local government to accelerate the implementation of policies andto further improve drought relief and disaster relief. Strengthen financial and material support Xinhua News Agency Beijing August 24 Xinhua - Premier Li Keqiang presided over an executive meeting of the State Council on August 24 deploying successive policies and measures to stabilize the economic package and strengthening the foundation for economic recovery and development it was decided to increase the quota of policy-based development financial instruments and Make good use of the special bond balance limit issue additional subsidies for agricultural materials and support power generation enterprises to issue bonds for financing determine measures to postpone the payment of a number of administrative fees and support the development of private enterprises to ensure market players and employment decide to dispatch local governments to stabilize the economy The general market supervision and service working group promotes the accelerated implementation of policies deploys further efforts to fight drought and disaster relief and strengthen financial and material support.The meeting pointed out that the current economic recovery continued in June but there were slight fluctuations and the foundation for recovery was not solid. It is necessary to implement the deployment of the Party Central Committee and the State Council fully implement the new development concept efficiently coordinate epidemic prevention and control and economic and social development insist that development is the foundation and key to solving all problems in our country seize the current critical juncture implement timely and decisive policies and maintain a reasonable policy scale make good use of the tools available in the toolbox and strengthen the foundation of economic recovery and development without flooding the future and not overdrafting the future. While implementing the package of policies to stabilize the economy 19 successive policies will be implemented to form a combined effect promote the economy to stabilize and improve keep the operation within a reasonable range and strive for the best results. Mainly include First on the basis of the 300 billion yuan of policy development financial instruments that have already fallen into the project an additional quota of more than 300 billion yuan will be increased the local balance limit of more than 500 billion yuan of special bonds will be fully used according to law and the issuance will be completed before the end of October. This can not only increase effective investment and consumption but also help deal with insufficient loan demand. Continuously release the reform and transmission effect of interest rate quoted in the loan market and reduce the cost of corporate financing and personal consumption credit. The second is to approve the start of a batch of infrastructure projects with mature conditions. The projects must be effective ensure the quality and prevent the misappropriation of funds. Measures have been introduced to support the development and investment of private enterprises and to promote the healthy and sustainable development of the platform economy. Allow local one city one policy to flexibly use credit and other policies to reasonably support rigid and improved housing needs. To facilitate the entry and exit of business personnel. The third is to postpone the payment of a batch of administrative fees for one quarter and encourage local governments to set up loan risk compensation funds for small medium and micro enterprises and individual industrial and commercial households. The fourth is to support the central power generation enterprises and others to issue 200 billion yuan of special bonds to ensure energy supply and to release an additional 10 billion yuan on the basis of the 30 billion yuan of agricultural subsidies already issued this year. Fifth continue to ensure smooth logistics. Sixth the central government promotes and local governments are responsible for implementation. All departments should promptly issue detailed policy rules and all localities should issue supporting policies. The State Council immediately dispatched a supervision and service working group for stabilizing the economic market led by comrades in charge of the departments of the State Council and went to a number of major economic provinces to work together to improve the efficiency of examination and approval consolidate local responsibilities and speed up the reform. Implement policies and measures. The State Councils major inspections included local economic stabilization work into the scope of inspections and services.The meeting pointed out that since July the Sichuan Basin the middle and lower reaches of the Yangtze River and other regions have continued to have high temperatures and little rainfall and the drought has affected peoples lives and production. It is necessary to consolidate responsibilities and further do a good job in drought relief and disaster reduction. The first is to scientifically adjust the water resources of rivers and water conservancy projects art