(Source: "China Government w88 slot News", 2024-12-27)
Recently, the Central Economic Work Conference was held in Beijing. The meeting made it clear that a "more proactive fiscal policy" will be implemented for the first time next year, and the "prudent monetary policy" that has been implemented for 14 consecutive years will be changed to a "moderately loose monetary policy."
What information does these release? What impact will it have on government w88 slot?
As a "bridgehead" to exert the multiplier effect
"Since 2009, 'positive fiscal policy' has been the main tone of my country's fiscal policy. The 'more positive fiscal policy' proposed this time shows that stabilizing economic expectations and promoting economic growth has become an important goal of fiscal policy, and direct intervention in the economy will be increased." Yuan Cheng, deputy director and researcher of the Department of Finance, School of Economics, Peking University, believes.
Talking about the impact of policies on government w88 slot, most of the experts interviewed believe that "more proactive fiscal policies" will promote the expansion of the scale of government w88 slot.
"This is because an important role of fiscal policy is to expand government investment and consumption, and accordingly, the scale of government w88 slot will be expanded. In the future, the government may purchase more services and then provide these services to residents, thereby promoting residents' consumption and driving the development of the consumer service industry." Tu Xinquan, dean of the China WTO Research Institute of the University of International Business and Economics, said.
Wang Conghu, a professor at the School of Public Administration, Renmin University of China, also holds the same view. He believes that "more proactive fiscal policy" means increasing investment, especially in areas such as infrastructure and people's livelihood.
How to straighten out the logic? Jiang Aihua, professor at the School of Finance and Taxation of Central University of Finance and Economics, said that "more proactive fiscal policy" means further leveraging demand through fiscal policies and expanding total social demand.
"This is mainly two factors. On the one hand, the expenditure expansion of this 'more proactive fiscal policy' is very strong, including increasing the deficit ratio, expanding the scale of special bonds, issuing ultra-long-term special government bonds, etc. These involve a lot of funds, which may increase government w88 slot expenditure, especially purchasing expenditure. On the other hand, the 'more proactive fiscal policy' is coordinated by the deepening of policy efforts and the deepening of fiscal and tax reform. The two expand space for each other." Bai Jingming, a researcher at the Chinese Academy of Fiscal Sciences, analyzed.
According to reports, the expansion of the fiscal deficit is more about ensuring the bottom line of the "three guarantees". For example, in the medical and health field, the deficit will increase, and the w88 slot scale of medical equipment, medicines, etc. will naturally flow to the people's livelihood field.
"On December 25, the General Office of the State Council issued the "Opinions on Optimizing and Improving the Management Mechanism of Special Bonds for Local Governments", implementing the "negative list" management of special bond investment in the field. For example, low-altitude economy, digital economy, quantum technology, etc., as well as related infrastructure, are included in the scope of the use of special bond funds, and many can be completed through government w88 slot. In this way, the scale of government w88 slot will naturally be expanded." Bai Jingming added.
How can government w88 slot serve as a "bridgehead" in "more active fiscal policy"? Yuan Cheng believes that although the scale of government w88 slot has declined for four consecutive years in terms of absolute scale, the proportion of government w88 slot in fiscal expenditure has always remained at around 10%.
"It can be foreseeable that the scale of government w88 slot will inevitably be expanded in the future. I believe that there will be an increase in both goods, services and engineering w88 slot." Wang Conghu believes.
Although most experts use the word "necessity" to affirm the future expansion of government w88 slot scale, some experts also analyze that whether the scale of government w88 slot will inevitably be subject to some practical conditions. Jiang Aihua believes that, on the one hand, the legal scope of government w88 slot in my country is currently relatively narrow, and only includes goods, projects and services within the centralized w88 slot catalog or above the w88 slot limit standard.
Be brave to be the "vanguard" and amplify the transmission effect
"Government w88 slot Loan" refers to an unsecured loan made by an enterprise based on government w88 slot contracts and w88 slot reputation. Its characteristics are simplified in the approval process, lower interest rates than ordinary small and medium-sized enterprise loans, and no property mortgage or third-party guarantee is required.
"'Moderately loose monetary policy' is definitely a favorable policy for 'government w88 slot and loan'." Bai Jingming said that this is because the "moderately loose monetary policy" will also reduce the reserve requirement ratio and interest rate in a timely manner, and will even tilt towards small and medium-sized enterprises. Government w88 slot policies have already supported small and medium-sized enterprises, such as reserved shares, review discounts, etc.
"In fact, the 'moderately loose monetary policy' is also aimed at expanding total social demand." Jiang Aihua said that under normal circumstances, loose monetary policy will bring about a decrease in interest rates, and a decrease in interest rates will expand residents' consumption and promote corporate investment, etc. Therefore, under the "moderately loose monetary policy", lowering interest rates is a good thing for the expansion of corporate investment and reproduction.
In Wang Conghu's view, "moderately loose monetary policy" will make loans easier to a certain extent, which is conducive to the further promotion of "government w88 slot loans". Whether through credit guarantee or financial guarantee, under the "moderately loose monetary policy", suppliers who want to participate in government w88 slot can obtain loans more conveniently, and some banks will even be more proactive in finding suppliers and actively providing loan services.
"From the credit demand level, under the 'moderately loose monetary policy', 'government w88 slot loan' will be more attractive to small and medium-sized enterprises." Yuan Cheng said that although there are "government w88 slot loan" platforms in various places, there are still problems such as insufficient policy publicity, insufficient financing willingness of small and medium-sized enterprise suppliers, and inability to recognize loans from other places. The potential of "government w88 slot loan" is far from fully released, and there are also many restrictions on the amount and term of financing. Small and medium-sized enterprise financing has always had problems such as lack of collateral and insufficient credit. As a means of credit enhancement, under the "moderately loose monetary policy", I believe that the problem of insufficient utilization efficiency of "government w88 slot loans" will be solved quickly.
From the credit supply level, Yuan Cheng said that "moderately loose monetary policy" means an increase in liquidity, which will provide more sources of funds for "government w88 slot loans". At the same time, moderate looseness also means the optimization of the credit structure, and the supply of "government w88 slot loans" for the information industry, intelligent manufacturing and high-tech industries will continue to rise.
Fight a "combination punch" and superimpose policy effects
"From the perspective of demand, promoting the implementation of macroeconomic policies is generally to promote residents' consumption. So whether it is government w88 slot or 'government w88 slot loan' can play an active role." Tu Xinquan believes that "government w88 slot loan" is mainly aimed at government w88 slot suppliers, especially small and medium-sized enterprises, to provide financing services for them. "More proactive fiscal policy" will promote the expansion of the scale of government w88 slot, and the expansion of government w88 slot will also force the continuous deepening of the reform of the government w88 slot system to a certain extent, including the simplification of the application process or procedures of "government w88 slot loan".
"In recent years, my country has particularly emphasized the consistency of macro-policy orientation and the policy 'combination punch'. Therefore, it is necessary to strengthen the synergy between the two policies, combine the expansion of the scale of government w88 slot expenditure and the expansion of the scale of 'government w88 slot loan', and superimpose the multiplier effect of fiscal policy and the transmission effect of monetary policy." Jiang Aihua said.
"Through the coordinated efforts of fiscal policy and monetary policy, it will effectively promote the expansion of government w88 slot scale and stimulate the vitality and innovation capabilities of market entities." Yuan Cheng believes that the proportion of government expenditures in urban renewal, informatization construction, scientific and technological research and development will continue to expand.
According to Yuan Cheng, in the field of urban renewal, my country proposed to carry out urban renewal demonstration work in 2024, limiting the direction of financial support to the renovation of old areas, underground pipeline renewal, and municipal infrastructure filling. Previously, government w88 slot projects in various places involved urban construction projects such as sponge cities, shantytown renovation, rain and sewage diversion, and assumed important responsibilities in it.
"I believe that under the 'more proactive fiscal policy' and 'moderately loose monetary policy', the increase in the scale of government w88 slot budget, especially w88 slot in the fields of infrastructure construction and public services, will attract more high-quality suppliers to participate. Therefore, we must continue to deepen the reform of the government w88 slot system, improve the transparency and normativeness of the w88 slot system, and ensure that all types of market entities can participate in government w88 slot fairly." Yuan Cheng said.
"In short, under the dual driving of 'more proactive fiscal policy' and 'moderately loose monetary policy', it is expected to change the trend of the continuous decline in the scale of government w88 slot in the past four years." Wang Conghu believes.
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