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Ministry Of Finance: Continue To Promote Positive Fiscal Policy

2010/7/29 9:44:00 36

Treasury Department

Following the central bank's fixed tone, the second half of the year will continue to be moderately relaxed.

monetary policy

The Ministry of finance also stressed the need to continue to implement a proactive fiscal policy in the second half of this year.

Xie Xuren, Minister of finance, made clear on the 27 day when he deployed the second half of the year that he should take the "stability policy" as the main keynote of macroeconomic regulation and control, continue to implement the positive fiscal policy, grasp the intensity, rhythm and key points of policy implementation, and strive to promote sound and rapid development of the economy and society.


Xie Xuren made the remarks at a forum held by the national finance department (bureau) in mid 2010.

Analysts pointed out that some European countries have been forced to cut government spending to ease the sovereign debt crisis, triggering a new round of global debate on whether the government's stimulus policy should be withdrawn.

Against this background, China's active fiscal policy has attracted much attention.


Looking forward to the second half of the year, China

Economic development

The situation is generally good, but the environment at home and abroad is still complicated.


In response to the current economic and financial situation, Xie Xuren urged the financial departments at all levels to take stability policies as the second half of the year.

Macro-control

We should continue to implement the positive fiscal policy and strengthen coordination with monetary policy.


Jia Kang, director of the Finance Ministry of the Ministry of finance, said that our country once again reaffirmed the positive fiscal policy, which is a firm choice to deal with the current series of "dilemma" problems. It is designed to guard against the negative impact of various external uncertainties on the determinacy, and to prevent the negative effects of internal policies on economic and social development.


Supplement:


Yao Jian, a spokesman for the Ministry of Commerce, stressed: "most policies have been standardized policies in line with international standards.

Exchange rate policy, interest rate policy and export tax rebate policy are all international practices.

As long as we can operate and operate according to the international standard policy, there is no big fluctuation, that is the best. "


Although China's foreign trade has handed out beautiful pcripts in two consecutive months (exports grew 48.5% in May, a record high since March 2007, and the total volume of imports and exports reached US $254 billion 770 million in June, of which exports amounted to US $137 billion 400 million, all of which broke the historical record of July 2008).


In his recent research in Xi'an, Premier Wen Jiabao stressed: "we need to expand domestic demand and stabilize external demand."


Yao Jian told reporters in the first financial daily that we should first have a clear understanding of the external market environment, and the most important policy is to maintain the existing policies.


In response to pressure on export enterprises to cope with foreign exchange reform, he said that the Ministry of Commerce, as the competent department of China's foreign trade, will pay more attention to the development of the export industry, and put forward appropriate policy recommendations for further improving the RMB exchange rate formation mechanism.


When it comes to the fact that the foreign trade situation in the second half of this year is rather complicated and the overall situation is not optimistic, Yao Jian has particularly mentioned the competitiveness of enterprises. "The influence of cost structure will restrict the further development of competitiveness."

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