What is the difference between this meeting of the political Bureau of the CPC Central Committee and the last time to gain insight into the direction of the economy next year?-Shanghai Metals Market

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What is the difference between this meeting of the political Bureau of the CPC Central Committee and the last time to gain insight into the direction of the economy next year?

Translation 02:50:45PM Dec 15, 2018 Source:Shanghai Nonferrous Metals Network

On December 13, the political Bureau of the CPC Central Committee held a meeting to analyze and study the economic work in 2019. in addition, the meeting heard a report on the work of the Central Commission for discipline Inspection and studied and deployed the anti-corruption work in 2019.

1. It emphasizes the discipline construction of the Party and the struggle against corruption.

2. It is emphasized that the three key battles should be fought well in order to lay a decisive foundation for winning a decisive victory in an all-round well-off society.

3. Emphasizing the centralized and unified leadership of the CPC Central Committee;

4. Emphasizing the dialectical treatment of the changes in the situation at home and abroad;

The main points of common ground discussed at the two meetings were:

1. Adhere to the general tone of stability and progress, and implement the requirements of high-quality development;

2. Supply-side structural reform as the main line;

3. Adhere to reform and opening up;

4. We will do a good job in stabilizing employment, finance, foreign trade, foreign investment, investment and expectations.

In addition, the meeting and the October meeting did not mention real estate, deleveraging and other issues. This confirms that real estate regulation and control has cooled, and the pressure of rising house prices has been alleviated.

Here are some of SMM's exclusive interpretations of the meeting:

This meeting continues to emphasize seeking progress while maintaining stability, and doing a good job of "six stability" shows that the Central Committee's consistent idea of exchanging time for space has not wavered, and that the Central Committee adheres to the stability of economic development as the top priority, that is, GDP should be guaranteed 6. At a time when the international environment cannot be improved, domestic consumption is weak, and the policy of reducing taxes and fees has not been implemented, investment in fixed assets based on infrastructure may continue to be strengthened next year, and the deficit ratio of the central finance may be further increased.

The meeting stressed that the purpose of fighting the three major battles is to complete the first 100-year plan for 2021, that is, to complete the building of a well-off society in an all-round way by the 100th year of the founding of the Party, the most important of which is the hard target of the poverty rate, which is currently 3.1%. These more than 40 million people need to be lifted out of poverty precisely in these two years.

The meeting stressed that deepening reform and opening wider to the outside world is China's main policy to deal with the complex and changeable international situation. This year is the 40th year of reform and opening up, reform and opening up is considered to be the road to a strong country, only by constantly opening up the country and embracing the market, can China's economy continue to develop, which must be unwavering.

The meeting stressed that the party's centralized and unified leadership is an inevitable requirement for the party to face difficulties together in order to facilitate unified action.

The meeting stressed that we should look at the world from a dialectical point of view. In fact, what the Communist Party members should do is to seek truth from facts, keep their feet on the ground, and do their duty well. They should be "not afraid that floating clouds will cover their eyes" and raise their vigilance.

Entrepreneurs have been looking forward to big tax cuts and fee cuts this year, which should take shape at the upcoming Central Economic work Conference. In an interview with Xinhua News Agency, People's Daily and other media, Finance Minister Liu Kun said that the intensity of tax reduction and fee reduction in 2018 is expected to exceed 1.3 trillion yuan, exceeding the policy target of 1.1 trillion yuan set at the beginning of the year. Bigger tax cuts and more obvious fee cuts are also being studied. Tax cuts and fees reduction are currently considered to be the most important manifestation of positive fiscal policy, and will play an important role in the future.

What is the difference between this meeting of the political Bureau of the CPC Central Committee and the last time to gain insight into the direction of the economy next year?

Translation 02:50:45PM Dec 15, 2018 Source:Shanghai Nonferrous Metals Network

On December 13, the political Bureau of the CPC Central Committee held a meeting to analyze and study the economic work in 2019. in addition, the meeting heard a report on the work of the Central Commission for discipline Inspection and studied and deployed the anti-corruption work in 2019.

1. It emphasizes the discipline construction of the Party and the struggle against corruption.

2. It is emphasized that the three key battles should be fought well in order to lay a decisive foundation for winning a decisive victory in an all-round well-off society.

3. Emphasizing the centralized and unified leadership of the CPC Central Committee;

4. Emphasizing the dialectical treatment of the changes in the situation at home and abroad;

The main points of common ground discussed at the two meetings were:

1. Adhere to the general tone of stability and progress, and implement the requirements of high-quality development;

2. Supply-side structural reform as the main line;

3. Adhere to reform and opening up;

4. We will do a good job in stabilizing employment, finance, foreign trade, foreign investment, investment and expectations.

In addition, the meeting and the October meeting did not mention real estate, deleveraging and other issues. This confirms that real estate regulation and control has cooled, and the pressure of rising house prices has been alleviated.

Here are some of SMM's exclusive interpretations of the meeting:

This meeting continues to emphasize seeking progress while maintaining stability, and doing a good job of "six stability" shows that the Central Committee's consistent idea of exchanging time for space has not wavered, and that the Central Committee adheres to the stability of economic development as the top priority, that is, GDP should be guaranteed 6. At a time when the international environment cannot be improved, domestic consumption is weak, and the policy of reducing taxes and fees has not been implemented, investment in fixed assets based on infrastructure may continue to be strengthened next year, and the deficit ratio of the central finance may be further increased.

The meeting stressed that the purpose of fighting the three major battles is to complete the first 100-year plan for 2021, that is, to complete the building of a well-off society in an all-round way by the 100th year of the founding of the Party, the most important of which is the hard target of the poverty rate, which is currently 3.1%. These more than 40 million people need to be lifted out of poverty precisely in these two years.

The meeting stressed that deepening reform and opening wider to the outside world is China's main policy to deal with the complex and changeable international situation. This year is the 40th year of reform and opening up, reform and opening up is considered to be the road to a strong country, only by constantly opening up the country and embracing the market, can China's economy continue to develop, which must be unwavering.

The meeting stressed that the party's centralized and unified leadership is an inevitable requirement for the party to face difficulties together in order to facilitate unified action.

The meeting stressed that we should look at the world from a dialectical point of view. In fact, what the Communist Party members should do is to seek truth from facts, keep their feet on the ground, and do their duty well. They should be "not afraid that floating clouds will cover their eyes" and raise their vigilance.

Entrepreneurs have been looking forward to big tax cuts and fee cuts this year, which should take shape at the upcoming Central Economic work Conference. In an interview with Xinhua News Agency, People's Daily and other media, Finance Minister Liu Kun said that the intensity of tax reduction and fee reduction in 2018 is expected to exceed 1.3 trillion yuan, exceeding the policy target of 1.1 trillion yuan set at the beginning of the year. Bigger tax cuts and more obvious fee cuts are also being studied. Tax cuts and fees reduction are currently considered to be the most important manifestation of positive fiscal policy, and will play an important role in the future.