(China Net) China's Economic Situation Held in Beijing a total of 11 ministries and macro policy analysis





Jan. 16, by the World Economic Development Declaration host organizing committee, will host the China International multinational research report on China's economic situation held in Beijing. In the two-day meeting, there will be Reform Commission, Ministry of Finance, Ministry of Agriculture, Department of Commerce, Bank of China, SASAC, China Banking Regulatory Commission, Securities Regulatory Commission, China Insurance Regulatory Commission, State Council Information Office, China Federation of Industry and other ministries in 11 leading interactive keynote address or a dialogue interpretation of China's economic, industrial policy and future trends. In the first day of the report, several ministries and senior leadership on the macro-control, agriculture, taxation, financial regulation, energy policy and other issues the authority of the interpretation of great interest was aroused. 

Enterprise Income Tax, but the time is ripe combined property tax policy remains the inception of the transition

Deputy Finance Minister Lou Jiwei said, despite dozens of multinational companies investing in China domestic and foreign joint letter expressed different views on the combined income tax, but this is largely propaganda and explanation is not doing enough, and not merging two taxes affect the decision-making, it should be said that the current merger of the two tax time has fully matured. 

Lou Jiwei said the next step to adjust fiscal policy thinking, mainly through tax reform to increase the vitality of the market incentives to enterprises to make the national economy to a smaller government and greater society, the market's direction. On the one hand, has been experimenting with the value-added tax will be gradually pushed to the country, In addition, the realization of the merger of Enterprise Income Tax. First, we join the WTO, should be a fair treatment. Secondly, a lot of loopholes in the current administration. Further foreign investment not only look at rates, as well as market and cost factors. Another is that both inside and outside the current income tax, unlike the past, domestic enterprise income tax is also in several categories, so it's time to merge the two taxes are mature, although it will also consider a number of years of the transitional arrangements for business. 

The next step is to remove the first, simplify benefits, making the tax base can expand. As in the past only to enter high-tech industrial development zone enterprises can enjoy a 15% rate, while the new measures, as long as all the high-tech enterprise tax rate of 15%, no matter what. Second, simplify the tax. Now, 10%, 15%, 24%, 27%, 33%, such as different tax rates, future tax rates will be implemented was relatively low. Included in the cost of advertising has also increased significantly. Foreign enterprises can cost charged to donors, while other domestic enterprises is not enough, the future will be allowed. 

In addition, property tax, personal income tax law, improving the problem will be the next step to be working. As part of the current real estate taxes on higher production and circulation, keeping the link completely tax-free, has produced some unreasonable and, therefore, the property tax levy is the general trend. The property tax is in simulation testing, mature parts of the first pilot in the. 

Will be published this year, the overall goal of energy planning in four areas 

NDRC Energy Secretary Xu Dingming that the goal of China's energy development in the growing, estimated to be released this year, the overall goal of energy planning has four aspects, namely the total basic needs of national economic and social development; structure adjustment achieved significant progress; efficiency close to the end of the century the international advanced level; formation energy design, manufacturing, construction and operation management system, supply service system, improve the socialist market economy and economic system to adapt to the energy industry in macro-control system, legal system, security early warning emergency system and enterprise system, and to realize sustainable energy development. To build 13 large coal bases, vigorously develop hydropower, construction of 12 large hydropower bases. Natural gas has been completed and will need to build crude oil, natural gas pipelines. 

Not violate three laws of macro-control will strengthen macro-control, 2005 

NPC Vice Chairman Cheng Siwei said in the keynote speech that China's economic growth rate of 9% is normal, not overheated, because the highest growth rate had reached 14%, the problem is low investment efficiency. If you do not curb the excessive growth of low levels of investment will definitely be hard to maintain the healthy development of national economy, it is difficult to achieve sustainable development, which is the central macro-control decisions are important. Therefore, the focus of macroeconomic control is to stop new projects, in particular low-level duplicated construction. Now, the overall macro-control has made certain effect, but the macro-control problems arise we must pay attention to the most basic is that macro-control can not be violated three basic rules: One can not violate the law of value. Macro-control measures to limit or subsidies can only work in the short term, long term may distort market price signals, will cause more problems. Second, the market supply and demand can not be violated, if the human impact on supply and demand is bound to create problems outside the system. Such as credit control is very tight, and demand very large indeed, it may cause to seek loans outside the system, now this situation does occur. Third, market competition can not violate the law. As a government point of view, to ensure competition in the market order, it is necessary to ensure fair market competition, open, fair, if for some enterprises to eat 'diet', the result will inevitably affect the economy. Overall, the violation of these laws would lead to 'have a policy' but companies will even generate some of the measures on a wide range of complaining mood, will inevitably affect the macro-control effects. 

Deputy Secretary-General of the State Development and Reform Commission, spokesman Cao in his speech that China needs to accelerate the development, macro economic development, 2005 will continue to strengthen and improve macroeconomic regulation. He said that the macro-control is a long-term task, if asked when the end of the macro-control, which is a non-solution of the problem. We believe that once established the system of socialist market economy, the macro-control will be concomitant with the market mechanism, as with each other. As the economic environment changes, the direction of macro-control, focus, control policy will be adjusted accordingly. 2005 should continue to strengthen and improve macroeconomic regulation and control of the main reasons, first, the initial formation of the contradictions of the old macro-control problems have not completely resolved, that the food problem and fixed asset investment. Second, the old problems are not solved at the same time, they created some new problems, such as the power shortage problem. Third is the result of our economic fluctuations in deep-rooted problems still not solved such problems of economic growth, economic system problems, have not fully resolved. This requires long-term efforts and struggle, so in 2005 the economic macro-control is an important task. 

After reviewing China's reform and opening up 26 years after the six macro-control, Bank of China Yi Gang, assistant governor pointed out that in China from a planned economy to a market economy process, the properties of the market economy more and more of the market economy system become more perfect, more and more economic levers to be able to control play an important role. Therefore, in the recently concluded Central Economic Work Conference Shangdang and state leaders fully endorsed the current macro regulation and control, is mainly used for economic levers and Falv means, supplemented by necessary administrative measures. The macro-control firm in the future that we make full use of economic levers to regulate, so the economy's steady advance of this ship, making China's economy healthy, Kuaisu, sustainable in the smooth track Shang Yun Xing. 

Seven steps to urge the Agriculture Development Document No. 1 Qiangzai lock Agriculture 

Agriculture Minister Du Qinglin at the presentation, said that China's fundamental aim of agricultural production of food Chanliangwending 增加, farmers revenue growth, overall economic development of agriculture and rural areas, specific are the following aspects: 

First, strengthen farmland protection and quality construction, great efforts to increase food production. Second, to deepen the strategic restructuring of agriculture and rural economy, optimizing product mix, focusing on the development of ecological, efficient and safe agricultural products. Accelerate the development of specialized agriculture. Third, speed up technological progress and innovation in agriculture, greatly enhancing the role of agricultural science and technology market. Fourth, greatly increasing agricultural commercialization. Fifth, strengthen the agricultural product quality safety management, and gradually establish a unified standard of agricultural product quality safety standards system. Sixth, strengthen the agricultural infrastructure construction, strengthen the agricultural development support, security system. 7 is the deepening of rural reform, promoting sustainable and healthy development of the rural economy and society. 

In addition, the Ministry of Agriculture Industry Policy and Regulation Zhang Hongyu, deputy director of the rural financial system in answer to the question that will come out this year's No. 1 paper also will stress the importance of rural financial system. He said that the rural financial system, importance, how to meet the needs of rural finance is a global problem, in terms of the problem is especially difficult in China. First, China's rural financial needs of large number of objects; Second, each family on a small number of financial needs; Third, a tremendous difference, ranging from tens of dollars, yuan, 100,000 yuan or even millions of dollars. From the typical survey, case study, China's farmers and rural enterprises from the informal sources of credit support for less than 30%. In addition, the township enterprises of China's GDP, created 1 / 3, half of industrial output value of township enterprises, township enterprises to credit, but less than 10% but about 6% to 7%. For this case, document No. 1 last year, including No. 1 this year, the forthcoming document repeatedly stressed the importance the rural financial system. About several aspects of reform initiatives: First, improve the rural financial system and introduction of the program. Second, build a functioning, rational division of labor, property rights, regulatory strong and diversified rural financial system, including co-finance, policy finance, including commercial finance. Third, in-depth, deepen reform of rural credit cooperatives. Fourth, in the county the following network of rural financial institutions and savings deposits absorb more on agriculture. Fifth, increase the intensity of policy-storage finance. Sixth, and gradually expand the scope of the Agricultural Development Bank operations. Seventh, the Agricultural Bank of China pay more attention to agriculture, rural areas. Eighth, foster and develop diverse, multi-ownership of commercial financial institutions into the rural areas. Ninth, the postal savings funds to stay in the more rural areas. 10th, cultivate micro-credit. 11, the development of various forms of rural financial security methods, approaches. Finally, the positive development, cultivate a pilot agricultural insurance. Hope that through a number of policy measures taken by the 10 to gradually improve, and improve the rural financial system, the real rural formal financial supply to meet the financial needs of rural areas.