Reading China’s semi-annual economic report： the high-quality development of the supply side is solid
The utilization rate of industrial capacity increased by 0.5 percentage points, the asset-liability ratio decreased by 0.3 percentage points, the daily average number of newly registered enterprises was 19,400, and the contribution rate of tertiary industry growth to GDP growth exceeded 60% — — In the semi-annual economic report of China in 2019, the supply-side structural reform became a bright spot.
Since the beginning of this year, faced with the complicated and severe economic situation at home and abroad, China has concentrated on running its own affairs well, deepened the supply-side structural reform around the eight-character policy of "consolidating, strengthening, upgrading and smoothing", made new progress in many aspects, and laid a solid foundation for promoting high-quality economic development.
76.4% and 1 percentage point:
Consolidate the achievements of "three to one, one reduction and one supplement"
Wang Rui, deputy director of the Ministry of Coal Industry of china huadian, told this reporter that in the past three years, around the "de-capacity", china huadian has completed the disposal and governance tasks of 29 zombie poor enterprises and reduced 43 coal and coal transportation and marketing enterprises. "Since the beginning of this year, we have made efforts to consolidate the results of de-capacity and accelerate the withdrawal of backward production capacity. In the second half of the year, we will also do a good job in the withdrawal of ten coal mines such as Guizhou Huarong Yangliutian. It is estimated that the excess coal production capacity will be resolved by 3.75 million tons this year."
A series of reform measures have brought about positive changes. In the first half of the year, china huadian completed the actual power generation of 269 billion kWh, a year-on-year increase of 3.2%; The installed capacity of power generation was 150 million kilowatts, and the installed capacity of clean energy accounted for 40.5%, an increase of 1.2 percentage points; Sales revenue increased by 3.9%; The asset-liability ratio decreased by 1.42 percentage points compared with the beginning of the year.
In the first half of this year, similar stories continued to be staged, and the results of "three to one, one reduction and one supplement" were further consolidated.
Capacity utilization rate has increased. In the second quarter, the national industrial capacity utilization rate was 76.4%, 0.5 percentage points higher than that in the first quarter and 1 percentage point higher than the average since 2013; Among them, the capacity utilization rate of nonmetallic mineral products industry, nonferrous metal smelting and rolling processing industry increased by 3.4 and 1.7 percentage points respectively compared with the first quarter.
Commercial housing inventory decreased. At the end of June, the area of commercial housing for sale nationwide was 501.62 million square meters, a decrease of 7.66 million square meters from the end of last month and 8.9% from the same period of last year.
The asset-liability ratio decreased. At the end of June, the asset-liability ratio of industrial enterprises above designated size was 57.0%, a year-on-year decrease of 0.3 percentage points.
Enterprise tax and fee costs are reduced. In the first half of the year, the tax burden of unit operating income of key tax source enterprises decreased by 0.6 percentage points year-on-year and 0.4 percentage points lower than that in the first quarter.
Investment in the short-board sector has increased. In the first half of the year, investment in short-board areas such as ecological protection, environmental governance and education increased by 48.0% and 18.9% respectively, which was 42.2 and 13.1 percentage points faster than the total investment.
"From the perspective of effectiveness, in the first half of the year, the supply-side structural reform was further promoted, and relevant departments, regions and enterprises took the initiative to implement it. More industries with overcapacity were accelerated to clear out, and efforts were also intensified to reduce costs and make up for shortcomings. Positive progress was made." Zhang Liqun, a researcher at the Macroeconomic Research Department of the State Council Development Research Center, said in an interview with this reporter.
19,400 households and 20.6%:
More high-quality enterprises accelerate development.
"Don’t break, don’t stand". In Zhang Liqun’s view, while eliminating ineffective supply, expanding effective supply is the key point, and more attention should be paid to deepening the reform of market-oriented allocation of factors and improving the quality of the supply system.
Since the beginning of this year, the relevant departments in Guangxi have reconstructed the processes and links set up by enterprises, transforming the traditional process of applicants submitting materials to the relevant departments in turn into the mode of "one window for acceptance, one set of materials and parallel processing". In the first half of the year, there were 281,200 new market players in Guangxi, including 56,000 new enterprises, a year-on-year increase of 7.8%.
Nationwide, new enterprises and new kinetic energy have emerged, and their vitality has continued in generate. In the first half of the year, 19,400 new enterprises were established daily, up by 7.1% year-on-year; The added value of industrial strategic emerging industries increased by 7.7%, 1.7 percentage points faster than that of industries above designated size; The added value of high-tech manufacturing increased by 9.0%, which was 3.0 percentage points faster than that of industries above designated size; The output of new energy vehicles and solar cells increased by 34.6% and 20.1% respectively.
In Beijing, Chengji Pharmaceutical Co., Ltd. will invest more money in the research and development of target products and introduce core technical experts this year to speed up the listing of new products. Tong Feng, general manager of the company’s R&D department, told this reporter: "These funds mainly come from the money saved by tax reduction and fee reduction for enterprises. For small and medium-sized companies like ours that are developing rapidly, tax reduction and fee reduction have played a very good role in helping, and the effect is obvious. "
Reduce and promote increase. In the first half of the year, the country added a total of 1,170.9 billion yuan in tax reduction and fee reduction; The number of enterprises enjoying preferential policies for high-tech enterprises reached 52,700, and the enterprise income tax was reduced or exempted by 190 billion yuan. The profits of key tax source enterprises increased by 1.5% year-on-year, and the growth rate was 5.5 percentage points higher than that in the first quarter; R&D investment of key tax source enterprises increased by 20.6% year-on-year, 4.5 percentage points higher than the same period of last year.
Tong Feng pointed out that in recent years, under the guidance of innovation and the support of national policies, the company is making every effort to carry out innovation at different levels, starting the research and development and cooperation of innovative drugs, increasing the investment in the research and development of characteristic generic drugs, putting in more advanced equipment and innovating marketing models, so as to enhance the core competitiveness of enterprises, form new competitive advantages and realize the rapid and sustainable development of enterprises.
10.71 trillion yuan and 22.5%:
Financial flowing water flows to the real economy.
Finance is an important core competitiveness of the country. To deepen the supply-side structural reform, it is necessary to smooth the national economic cycle and improve the financial system’s ability to serve the real economy.
Jiangsu Branch of Agricultural Bank of China launched the "tax e-loan", which determined the credit line according to the enterprise’s tax payment and credit rating, realized online application, online approval and online lending of tax-related micro-credit business, and solved the financial problem of enterprises lacking traditional collateral to expand their operations.
Wuxi Tonglian Logistics Co., Ltd. is one of the beneficiaries of "tax e-loan". According to the person in charge of the company, the logistics industry is characterized by more capital occupation and less effective collateral. Since its establishment, the company has been relying on shareholders’ investment and its own funds. "With ‘ Tax e-credit ’ We used the tax data as the basis for the loan and obtained a loan of 1 million yuan. Finally, we can expand the order volume. "
"At present, the quality and efficiency of the real economy of financial services have been continuously improved. Banking and insurance institutions strive to increase effective supply and fully mobilize funds such as credit, bonds, equity and insurance to ensure that financing supply meets the needs of economic and social development. At the same time, optimize the supply structure, increase the medium and long-term loans and credit loans, and focus on meeting the financing needs of manufacturing and consumption upgrading. " Liang Zhou, vice chairman of Chinese China Banking and Insurance Regulatory Commission, said.
In the first half of the year, China increased RMB loans by more than 9 trillion yuan, and insurance indemnity and payment expenses by more than 620 billion yuan. At the end of the second quarter, the balance of Pratt & Whitney small and micro loans was 10.71 trillion yuan, a year-on-year increase of 22.5%, and the growth rate was 3.4 percentage points higher than that at the end of the previous quarter. In the first five months, the average interest rate of new loans for inclusive small and micro enterprises issued by the five major banks decreased by 0.65 percentage points compared with last year.
Serving the real economy, more financial institutions are taking action. Chen Xinying, co-CEO of Ping An Group, told this reporter: "Ping An Pratt & Whitney is working with banks, insurance companies and non-bank institutions with specific capabilities inside and outside Ping An Group to provide loan services for offline small and micro business owners, individual industrial and commercial households and self-employed. This kind of ‘ Aggregation mode ’ It is a good connection between financial resources and small and micro people, which is very effective for solving the problem of offline long-tail customers. " Zhao Rongxuan, chairman of Ping An Pratt & Whitney, a member of Ping An Group, told this reporter that by the end of June, Ping An Pratt & Whitney had served more than 11 million borrowers, mainly small and micro business owners and individual industrial and commercial households, and the coverage rate of third-tier and below cities exceeded 90%.
Looking back on the first half of the year, the achievements of "three to one, one reduction and one supplement" have been consolidated, the vitality of micro-subjects has been continuously enhanced, the level of industrial chain has been improved, the flowing water of finance has accelerated to the real economy, and the driving force for high-quality economic development in China has become stronger. (Qiu Haifeng)