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Xi's eight requirements on resumption of work and production

(China Daily)    13:09, February 25, 2020

President Xi Jinping set out eight requirements at a key meeting held on Sunday to resume the nation's economic activities in an orderly way.

Staff members work at a Skyworth workshop in Guangzhou, South China's Guangdong province on Feb 10, 2020. [Photo/Xinhua]

-- Each region should adopt a precise approach when advancing resumption of work and production based on local health risks.

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 order to production and life.

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.

-- China should strengthen the regulation role of macro-economic policies.

The country's proactive fiscal policy should be more positive and more targeted to interim policies in cutting taxes and fees should be rolled out to help micro, small and medium-sized firms tide over difficulties.

Also, a prudent monetary policy should feature more flexibility and moderation.

China should make good use of existing financial support policies and introduce 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 create more jobs.

In addressing outstanding problems of the 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 through multiple channels and facilitate employment of college graduates.

-- The country should resolutely accomplish the task of alleviating poverty despite the impact of the epidemic.

Efforts should be made 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.

-- Efforts should be made 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 timely agriculture work in spring.

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

-- 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 family members due to the epidemic.

Efforts should also be made to coordinate medical treatment for patients with other diseases.

-- The country should keep foreign trade and investment stable amid the epidemic outbreak.

Foreign trade policy tools, like export tax rebates and export credit insurance, should be put to good and full play to ensure the 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.

The business environment should continue to be optimized to strengthen foreign businesses' confidence in long-term investment and operation in China.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)
(Web editor: Zhao Tong, Bianji)

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