XI STRESSES ORDERLY RESUMPTION OF WORK, PRODUCTION

Updated: Mar 2

The country should actively expand effective domestic demand, fast-track the progress of projects under construction and new ones, as well as enhance guarantees for labor, land, funds and other production factors.

• The country should keep the foreign trade and investment stable amid the epidemic outbreak, Xi stressed.

• In doing so, he urged efforts to address the protruding issues in spring farming preparation and ensure well-organized production, transportation and supply of farming materials.



PRESIDENT OF THE PEOPLE'S REPUBLIC OF CHINA, XI JINPING

Chinese President Xi Jinping Sunday stressed orderly resumption of work and production, with specific requirements made to that end.


Each region should adopt a precise approach when advancing resumption of work and production based on local health risks, Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks when delivering an important speech at a meeting in Beijing to advance the work on coordinating the prevention and control of the novel coronavirus disease epidemic and economic and social development.


FOREIGN TRADE POLICY TOOLS LIKE EXPORT TAX REBATES AND EXPORT CREDIT INSURANCES SHOULD BE PUT TO GOOD AND FULL PLAY TO ENSURE SMOOTH OPERATION OF FOREIGN TRADE INDUSTRIAL CHAINS AND SUPPLY CHAINS.

Regions with relatively low risks should reorient their disease prevention and control strategies as soon as possible to focus on forestalling imported cases and comprehensively restoring the order of production and life, Xi said.


Medium-risk regions should promote work and production resumption in an orderly manner based on local epidemic-control situations, while high-risk regions should continue to be fully committed to doing a good job in epidemic prevention and control, he said.


Xi stressed strengthening the regulation role of macro-economic policies, calling for more positivity in the country's proactive fiscal policy and the roll-out of more targeted interim policies in cutting taxes and fees to help micro, small and medium-sized firms tide over difficulties.


Besides, the prudent monetary policy should feature more flexibility and moderation, Xi said, calling for making good use of existing financial support policies and introducing new policies and measures in due course.


China will step up efforts to keep employment stable, with all-round measures to cut corporate burdens, keep the payroll stable, and retain and create jobs, Xi said, adding that in addressing the outstanding problems of serious scarcity of workers in some enterprises, high pressure in keeping the payroll stable, and difficulty of key groups to obtain employment, efforts should be given to support flexible employment in multiple channels and facilitate employment of college graduates.


The country should resolutely accomplish the task of alleviating poverty despite the impact of the epidemic, Xi said, urging efforts to help poor workers return to their posts in an orderly manner, support leading poverty alleviation enterprises and workshops to resume work as soon as possible, and improve mechanisms to prevent people from returning to poverty.


Xi underscored efforts to push for the resumption of work and production with precise epidemic prevention and control strategies, while smoothing travels and logistics channels and lifting cargo transport bans to push all links in the industrial chains to resume work and production in a coordinated way.


The country should actively expand effective domestic demand, fast-track the progress of projects under construction and new ones, as well as enhance guarantees for labor, land, funds and other production factors.


In the meantime, China will ensure the timely agriculture work in spring, Xi said.


In doing so, he urged efforts to address the protruding issues in spring farming preparation and ensure well-organized production, transportation and supply of farming materials.


Xi also noted that people's basic livelihood should be guaranteed, such as the supply of staple and non-staple food. Enhanced efforts should be made to take care of those in need as well as those losing their family members due to the epidemic. Efforts should also be made to coordinate medical treatment for patients with other diseases.


The country should keep the foreign trade and investment stable amid the epidemic outbreak, Xi stressed.


Foreign trade policy tools like export tax rebates and export credit insurances should be put to good and full play to ensure smooth operation of foreign trade industrial chains and supply chains.


Major foreign investment projects should be well implemented, while opening-up of finance and other services should be expanded. Business environment should continue to be optimized to strengthen foreign businesses' confidence in long-term investment and operation in China, Xi said.




Credit to Source: Xinhua

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