Li Keqiang presided over the executive meeting of the State Council
Determine further measures to stabilize foreign trade to expand opening up to help stabilize growth and employment
It is required to do a good job in reducing the social security rate. It is decided to fully implement the transfer of part of the state-owned capital to enrich the social security fund.
Deploy central budget execution and other fiscal revenue and expenditure audits to identify problems and rectify work
Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on July 10 to determine further measures to stabilize foreign trade in order to expand opening up to help stabilize growth and employment; it is required to do a good job in reducing the social insurance rate, and it is decided to fully promote the transfer of part of the state-owned capital to enrich the social security fund ; Deploy the central budget implementation and other fiscal revenue and expenditure audits to find out the rectification of problems.
The meeting pointed out that in accordance with the Party Central Committee and the State Council’s "six stability" work arrangements, the key to implementing the requirements for stabilizing foreign trade is to further open up to the outside world and pay more attention to market-oriented reforms and the use of economic means to enhance the endogenous motivation of enterprises. The meeting determined measures to further stabilize foreign trade. One is to improve fiscal and taxation policies. Research to continue to reduce the overall level of import tariffs, improve export tax rebate policies, and speed up the progress of tax rebates. The second is to strengthen financial support. Give better play to the role of export credit insurance, promote expansion of coverage, reasonable reduction of insurance premiums, and research and propose special insurance types that meet the needs of enterprises. Guide financial institutions to increase support for foreign trade financing of SMEs. Create conditions to improve the convenience of RMB settlement. The third is to accelerate the development of new business formats such as cross-border e-commerce and processing trade bonded maintenance, and cultivate import trade demonstration zones. The fourth is to enhance the level of trade facilitation. Greater breakthroughs have been made in simplifying the regulatory documents for import and export links, shortening the time for customs clearance, and reducing port charges. The meeting requested that in accordance with changes in the situation and the concerns of enterprises, policy reserves should be strengthened and introduced in due course, so as to promote stability and quality improvement of foreign trade.
The meeting pointed out that reducing the social security rate is an important measure to reduce the burden on enterprises and stimulate the vitality of market players. At present, my country’s various social security funds are generally operating smoothly and can ensure timely and full payment. In the first half of the year, the policy of reducing social insurance rates showed results, and the basic endowment insurance, unemployment insurance, and work-related injury insurance contributions of enterprise employees decreased by more than 128 billion yuan. In the next step, we must focus on the requirements of ensuring that the social security rate is reduced and that the basic pension must be paid on time and in full. Enterprises must understand the implementation of the policy in a timely manner, study and solve new problems in a timely manner, and ensure that the policy is implemented without compromising. Stable payment methods. Under the premise that the payment rate of the basic pension insurance unit for employees is not higher than 16%, there will be no policy adjustments in principle this year for the problems of in-province rates and payment base standards that exist in individual provinces. All localities must earnestly assume the main responsibility of the basic pension payment to ensure that no one is left. The provincial-level overall planning must be steadily advanced.
In order to enhance the sustainability of the social security fund and further consolidate the foundation of the old-age social security system, the meeting decided that this year, the central and local state-owned and state-controlled large and medium-sized enterprises and financial institutions will be transferred to the Social Security Fund and 10% of the state-owned equity. The relevant local undertaking entities, and as financial investors, enjoy the rights of income and other rights in accordance with regulations.
The meeting pointed out that the results of the 2018 central budget implementation and other fiscal revenue and expenditure audits have been announced recently. First, we must earnestly carry out rectification and reform. Regarding the problems found in the audit, all localities and departments must take the seats and make rectifications in place on time and in accordance with regulations. The results of the rectification will be reported to the State Council by the end of October, and will be made public after reporting to the Standing Committee of the National People's Congress. Second, we must strengthen budget transparency and rigid constraints, start with institutional mechanisms to standardize budget implementation, comprehensively strengthen performance management, and resolutely eliminate willful spending. Third, we must follow the guidance of a proactive fiscal policy. While adhering to the government's tight life, we must strive to ensure development and the urgent needs of people's livelihood, and in particular, ensure that measures such as tax and fee reduction are implemented.
The meeting also studied other matters.
