Lou Jiwei, former Minister of Finance: Support to issue cash to those below 5,000 yuan a month to promote consumption

Since the second quarter, it has been impacted by many outbreaks in major domestic cities, hindering people's flow logistics, and the risk of input inflation in external input has not yet faded, and the Chinese economy has continued to pressure. Lou Jiwei, former Minister of Finance and Director of the Foreign Affairs Committee of the National Committee of the Chinese People's Political Consultative Conference, said that since the outbreak of the epidemic in 2020, China has different response methods with major countries in the United States and Europe, and periodic dislocation of economic operations. The main contradictions of the current Chinese economy are not inflation, but ‍‍ but triple pressure (‍‍ that is, the supply impact, insufficient demand, and weaker expectations).转 At present, the trend of weakening economic growth ‍‍ Starting to reverse, the next step ‍‍ need to summarize the lessons of epidemic prevention and control experience, further optimize the response policies, and launch reform and opening up measures more effectively to fundamentally alleviate triple pressure.

Lou Jiwei expressed the above views at the "2022 Phoenix Finance Summer Cloud Summit" on June 16. He said that since the outbreak of the epidemic in 2020, China has adopted a dynamic clearance method to effectively control the epidemic, and adopted a moderate loose fiscal and monetary policy. ‍‍ Because of keeping them, 保 saves the employment, and the residents' income is kept. "The fiscal policy tools are mainly tax reduction and fee, and the scale of the year is more than 2.5 trillion yuan.央 Monetary policy is the low -intensity expansion of the central bank, and it is mainly to reduce interest rates in a moderate.经济 Since the second half of the year, the economy has recovered in an all -round way, and China has become the only large economy with a positive economic growth.

Continue to maintain this momentum in 2021, there was a deviation at the end of the second quarter, and some policies did not meet the reality. In order to achieve dual carbon targets, ‍‍ Strictly restrict the fire power of the firepower, causing the shortage of power, and the lock -to -line power limit occurs. The negative effect of ‍‍ is very large. At the same time, the economic economy of the West has begun to recover. The prices of commodities in the Grand Sect have risen sharply. However, the global supply chain is still broken. The combination of unfavorable factors inside and outside the ‍‍ causes "triple pressure". At the end of 2021 经济 The Central Economic Work Conference seriously corrected the deviation.

In 2022, the Chinese 保 economy maintained a good start. However, in March, the mutant strains of Omiko Rong were broken.控 The control of dynamic clearance is challenged.

Lou Jiwei said that the phenomenon of "public land tragedy" in the current epidemic prevention and control. “The" public land tragedy "in the economic sense means that ‍‍ Private land is that the owner can use a public land without compensation, causing excessive use of public land and abandoned, and eventually all users are damaged. ‍‍ Public health world 控 Prevention and control ‍‍ Mainly relying on the public sector ‍‍ often bias to block. A cities and town districts have an epidemic situation. The chain cannot be continued, and the personnel cannot be resumed. The impact is global and it is difficult to account for accountability. ‍‍ All participants are damaged. Bleak

One of the solutions for public land tragedy is to strengthen the use of public resources, ‍‍ "public land tragedy", and ‍‍ can also adopt similar methods. For this reason, the central department issued relevant policies to strictly prevent traffic from preventing traffic and "the epidemic prevention and control is inaccurate", and began strict inspections. Bleak

"At present, the situation has been controlled, and the economy has gradually recovered." Lou Jiwei said that the latest data from the General Administration of Customs showed that exports in 2022 increased by 15.3%year -on -year. eliminate. In contrast, the import of 同 has increased by 2.8%year -on -year, showing that domestic demand has improved, but ‍‍ is still insufficient. It is expected that the economic data in June will be further improved. In this case, 货 Inflation ‍‍ is not a key issue that China needs to focus on.

The market expects to weaken, how to reverse the problem of non -investment, unwilling to invest, or dare to invest. Lou Jiwei said that the problem of 转 The problem of weakening is how the core is to balance the relationship between the prevention and control of the epidemic and economic growth. Essence ， This problem is not solved now. 现在 Everyone is unwilling to invest. Of course, there are many other factors. ‍‍ At present, this is the most important.

How to make a financial and monetary policy in the economic downturn. Lou Jiwei believes that when controlling inflation, the role of monetary policy is relatively large.的 When stimulating economic growth, ‍‍ More coincidences that need to be fiscal and monetary policies, especially fiscal policies to promote.

In addition, whether the personal income tax is reduced, it can promote consumption. He said, "As for reducing personal income tax, I don't think it is very effective. ‍‍‍‍ The personal income tax of our country ‍‍ The actual collection coverage is very small. The help of the help is less than 5,000 yuan in the monthly monthly income. At present, it is more effective to give cash support for this part of this part that is particularly difficult to support them. "China is different from other countries." The United States is an individual. It is necessary to report taxes, so the public sector has clearly grasped everyone's family situation and employment situation. You can directly hit the check on your personal account. ‍‍ China cannot do it. "

"With the support of the central financial policy, there are some places ‍‍ have developed consumer coupons and other methods. There is also a certain financial strength. 财 They ‍‍ The issuance of these consumer coupons has a stimulating effect, and the role of promoting economic recovery is relatively large. "Lou Jiwei said.

As far as the global economy is concerned, Lou Jiwei believes that the main problem is to deal with inflation. Recently, the United States and Europe need to suppress inflation and do not trigger the risk of the financial market. ‍‍ also need to maintain the economic recovery. The fiscal and monetary policy needs to "take the steel wire". At the end of the monetary policy, the US monetary policy should obviously take control of inflation. At the same time, it is necessary to pay attention to avoiding the sharp decline in the financial market and the recession of the economy.

The rapid turning of the US -European macroeconomic policy will inevitably have a significant impact on the global economy. The first is that the US dollar index will strengthen, ‍‍ change the global capital flow, and impact the global economy. ‍‍ may cause foreign debt defaults and financial crisis. China has been deleveraging since 2015, ‍‍ ‍‍ and strengthening financial supervision, ‍‍ ‍‍ ‍‍ ‍‍ ‍‍ 中国 中国 中国 中国 中国 中国 中国 中国 中国 中国 中国 中国 中国 中国 中国 well. Large, so it will not be seriously impacted by the exciting policy of Europe and the United States. Bleak

Source: Surging News

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