State Council "military order": economic growth targets must be completed

Abstract : Some of the policies have been implemented in many stages, and the progress is slow. Some localities and departments have been re-arranged and implemented. There are some squabbling phenomena; some cadres lack responsibility awareness, encounter difficulties, 'hiding away', inaction, not taking responsibility, lazy politics. ..
"Some of the policies have been implemented in many stages, and the progress has been slow. Some localities and departments have been re-arranged and implemented. There are some squabbling phenomena; some cadres lack responsibility awareness, encounter difficulties, "do not walk", do not act, do not take responsibility, lazy politics, and have Selective implementation and symbolic implementation."

The State Council executive meeting held on July 16 disclosed the above-mentioned problems discovered by the eight inspection teams of the State Council during the inspection.

On the same day, Premier Li Keqiang presided over the State Council executive meeting to listen to the State Council's promulgation of policy measures to promote the supervision and reporting and deploy the implementation and rectification.

Recently, the State Council sent 8 inspection teams to inspect 16 provinces (autonomous regions, municipalities) and 27 departments and units.

Some of the inspection reports obtained by the First Financial Daily from official sources show that the problems found in this inspection mainly focused on the slow implementation of policies, and some departments and regions have insufficient policy support and selective implementation of policies. In addition, the economic growth rate in many regions has declined, and stable growth is difficult.

The executive meeting held yesterday also stressed that the main objectives of the economic and social development identified in this year's "Government Work Report" must be "guaranteed to be completed."

This means that the annual growth target of around 7.5% is fully expected.

Policy implementation is biased

"The main purpose of this inspection is not to find achievements, but to find problems." Some official sources told this reporter that in the future, a long-term mechanism for supervision will be established to solve problems.

In addition, the source disclosed that the China Office and the Audit Office will supervise the list of powers announced by the relevant departments.

From the inspection report obtained, our reporter found that there are certain problems in the “first mile” and “last mile”.

For example, the State Council’s document on accelerating the development of the aged care service industry clearly requires research, proposes specific measures to promote the participation of private capital in the aged care service industry, establishes and improves the statistical system for old-age care services, supports enterprises in the development of elderly products and guides shopping malls, and establishes old-age counters. Implementation requirements, but failed to complete on time.

In addition, the local governments have paid different attention to the policies issued by the state, and there is an imbalance in the progress of work. For example, the tuition compensation and student loan compensation policies for college graduates to work in grassroots units have not been introduced in 14 provinces.

In addition, some localities and departments still have problems such as the inadequacy of decentralization and decentralization, and the need to strengthen supervision afterwards.

On the one hand, the executive meeting held yesterday pointed out that on the whole, local and departmental progress has been made in advancing various policy measures, and the policy effect has gradually emerged.

However, for the above-mentioned problems discovered by the inspection, the meeting stressed that "it is necessary to follow the rules and regulations in accordance with the law, but also to list the list", "the rectification situation must be reported to the State Council within a time limit, and it is never allowed to go through the scene."

Stable growth task is arduous

According to the reports of the four local inspection teams, whether it is the economically developed Jiangsu, Zhejiang, Shanghai, Guangdong and other regions, or the relatively backward central and western regions, most provinces have different degrees of economic decline in the first five months.

In general, the problems of insufficient endogenous power in the local area, insufficient matching of private capital and slow adjustment of industrial adjustment and upgrading are more prominent.

For example, in Jiangsu, the first batch of private investment projects announced by the state, some of the investment income is not clear, which leads to low enthusiasm of private capital. The same problem exists in many projects in other regions.

In addition, the inspection team has proposed to be alert to the downside risks of real estate. The data shows that real estate development investment accounts for about 20% of the national total. From January to May this year, there was a downside in the real estate market.

The inspection team believes that in light of the current situation, it is necessary to speed up the reform of the investment and financing system and introduce and implement more projects that are open to social capital.

The executive meeting once again emphasized the promotion of railways, urban infrastructure, and major water conservancy projects; good policy support and coordination to promote stable growth of foreign trade; speeding up the construction of shantytowns and new urbanization.

Small and micro enterprise financing issues

The reporter saw in many inspection reports that the phenomenon of financing difficulties and financing for SMEs is very common.

For example, in Fuyang City, Hubei Province, from January to May, the city's new loans increased by 7.6 percentage points year-on-year, of which new manufacturing loans accounted for only 12.6% of the city's new loans, and only about 50% of enterprises were able to obtain loans from banks. . The comprehensive cost of small and micro enterprise bank financing is about 16%.

Financial financing channels are not available, and small and micro enterprises have to turn to private lending, which has led to the emergence of financial risks in some areas. In the eastern provinces where enterprises are more active, problems such as mutual guarantees, serial guarantees, and cross guarantees between enterprises are more serious. The capital chain of individual enterprises is broken, causing a group of enterprises to fall into the risk of guarantee circles.

According to the inspection report, from January to May, there were 557 risk enterprises in Zhejiang, an increase of 345 year-on-year, involving bank loans of 34.8 billion yuan, up 1.35 times year-on-year. The “double-lift” trend of non-performing loans in the banking industry continued and gradually expanded.

The executive meeting stressed that it is necessary to continue to exert efforts in implementing targeted control measures. Accelerate the financial support of the real economy, especially the implementation of policies related to small and micro enterprises and “agriculture, rural areas and farmers”, and see the effectiveness as soon as possible in alleviating the difficulties of financing and financing.

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