NDRC: determined not to engage in flood stimulus to effectively prevent the hidden debt risk of local debt-Shanghai Metals Market

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NDRC: determined not to engage in flood stimulus to effectively prevent the hidden debt risk of local debt

Translation 04:00:07PM Jul 16, 2019 Source:Securities time Network
The content below was translated by Tencent automatically for reference.

SMM News: the National Development and Reform Commission (NDRC) is scheduled to hold a regular theme press conference in July in the third floor conference room of the National Development and Reform Commission (NDRC) at 10: 00 a.m. on Tuesday, July 16, 2019. A spokesman for the National Development and Reform Commission attended the press conference, released the macroeconomic situation and answered questions from reporters. (click to read > transcript of the press conference)

National Development and Reform Commission: resolutely do not engage in "flood flooding" to effectively guard against the hidden debt risk of local governments

Meng Wei, spokesman for the National Development and Reform Commission, said at the press conference: in the next step, we will accurately focus on the key areas of mending shortcomings, further improve the coordination mechanism, strengthen the reserve of major projects, step up the construction of major projects, strengthen the guarantee of project funds, promote the sustained and healthy development of private investment, continue to deepen the reform of "management and clothing" in the field of investment, and resolutely refrain from "flood irrigation." We will earnestly guard against the hidden debt risks of local governments and strive to do a good job in the key work of making up for shortcomings and stabilizing investment.

NDRC: work related to Hainan Free Trade Port is being actively promoted

Meng Wei, spokesman for the National Development and Reform Commission, said at the press conference that with regard to exploring the construction of a free trade port in Hainan, as far as we know, the relevant parties are actively promoting relevant research work. In the next step, we will continue to work with relevant parties to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, take institutional innovation as the core, build the Hainan Free Trade pilot Zone of high standards and high quality, gradually explore and steadily promote the construction of a free trade port with Chinese characteristics, and establish a free trade port policy and system step by step and stage by stage.

NDRC: relevant departments will supervise and inspect steel and coal production capacity in the third quarter

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that the relevant departments will carry out supervision and inspection on eliminating backwardness and resolving excess capacity in the steel and coal sectors in the third quarter, so as to resolutely prevent the resurgence of withdrawn production capacity.

NDRC: the scale of outward relocation of China's manufacturing industry is not large, and it is dominated by middle and low-end enterprises.

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that in recent years, with the in-depth adjustment of the international industrial division of labor and the global industrial layout, China's manufacturing industry has entered a new stage of transformation and upgrading and moving towards high-quality development. In this process, there are some enterprises to set up factories abroad, we think it is normal. Judging from the situation we currently have, the scale of China's manufacturing relocation is not large, and it is dominated by middle and low-end enterprises, and its impact on China's economic growth, industrial upgrading, labor and employment is generally controllable.

NDRC: strive to create a world-class business environment to further enhance its attractiveness to the development of the manufacturing industry

Meng Wei, spokesman for the National Development and Reform Commission, said: in the next step, the National Development and Reform Commission, together with relevant parties, will continue to promote the high-quality development of the manufacturing industry, focus on the following four aspects of policy, deepen market-oriented reform and expand high-level opening up; strive to enhance the vitality of the micro main body, release the potential of the domestic demand market, and make efforts to make up for the shortcomings of the industrial chain and upgrade the level of the industrial chain. We will strive to create a world-class business environment and further enhance our attractiveness to the development of the manufacturing industry. We believe that with the success of a series of policies and measures, the vast majority of enterprises will continue to stay in China for development, and more enterprises will come to China to invest and develop.

National Development and Reform Commission: supporting all kinds of entities to invest in the Construction of Energy Storage system in accordance with the principle of marketization and Planning the layout of hydrogen Energy Development as a whole

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that in order to do a good job in ensuring this year's peak and summer, it has put forward clear requirements for various localities to do a good job in the relevant safeguard measures. Pay more attention to transformation and upgrading, in the coal sector, consolidate the results of production capacity at the same time, orderly release of high-quality advanced production capacity. At the same time, we should actively promote the transformation and development of wind power and photovoltaic power generation, support all kinds of subjects to invest in the construction of energy storage systems in accordance with the principle of marketization, and plan the layout of hydrogen energy development as a whole.

NDRC: the new signing amount of market-oriented debt-to-equity swap is about 390 billion yuan since the beginning of this year.

Meng Wei, spokesman for the National Development and Reform Commission, said that as of June 30 this year, the amount of market-oriented debt-to-equity swap was about 2.4 trillion yuan, the actual amount reached 1 trillion yuan, and the capital arrival rate was raised to 41.5 percent, involving more than 200 enterprises with a high asset-liability ratio. Of these, since the beginning of this year, the new signing amount of market-oriented debt-to-equity swap is about 390 billion yuan, and the new landing amount is about 380 billion yuan.

NDRC: make greater efforts to do a good job of "six stability" to ensure that the economy operates in a reasonable range

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that in the next step, the National Development and Reform Commission, together with relevant departments, will resolutely implement the arrangements of the Central Economic work Conference and the "Government work report," adhere to the general tone of seeking progress in stability, strive to do a good job in their own affairs, and make overall efforts to stabilize growth, promote reform, adjust structure, benefit people's livelihood, prevent risks, and maintain stability, and make greater efforts to do a good job of "six stability." For the new situation and new challenges in economic operation, we will strengthen policy evaluation, optimize policy mix, strengthen policy coordination, pay close attention to policy implementation, and ensure that China's economic operation is in a reasonable range.

NDRC: demand for coal, electricity, oil and gas transportation will increase significantly during the summer rush hour

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that this year's peak summer has arrived, and everyone is very concerned about the situation of energy supply and demand. Our overall judgment is that during the peak summer, the demand for coal, electricity, oil and gas transportation will increase significantly, and there will still be security pressure in some areas during the peak period. We initially predict that during the summer peak period this year, the peak daily electricity consumption across the country will reach about 24.5 billion kilowatt hours, and the peak power load will be higher than last year's peak level.

NDRC: it is expected that the overall price level is expected to remain stable later this year.

At a press conference held by the National Development and Reform Commission on macroeconomic performance, spokesman Meng Wei said that commodity prices have generally risen steadily since the beginning of the year. Generally speaking, China's economy has a strong ability of self-circulation, adequate supply of industrial and agricultural products, stable prices, and strong foundation for operation. It is expected that the overall price level is expected to remain stable in the later period of this year.

NDRC: the second batch of 100 national demonstration parks will be identified next year

Meng Wei, spokesman for the National Development and Reform Commission, said at the press conference that in March this year, the National Development and Reform Commission, together with relevant departments, launched the creation of the second batch of demonstration parks. At present, a total of 110 demonstration parks have been selected, and the second batch of 100 state-level demonstration parks will be identified next year. The second batch of demonstration parks will further explore and innovate on the basis of summing up the first batch of experience.

NDRC: the rise in CPI has obvious structural characteristics. The food price index has a relatively large increase.

According to the National Development and Reform Commission, in the first half of the year, the overall price level in China remained basically stable, the increase in producer prices narrowed, and the rise in consumer prices was moderate. CPI rose 2.2 per cent in the first half from a year earlier, within a reasonable range of modest gains. From the internal composition, the rise in CPI has obvious structural characteristics, the price index of industrial goods and services rose less, up 1% and 2% respectively, while the food price index rose 4.7%, a relatively large increase. In terms of sub-items, the prices of fresh melons and fruits, fresh vegetables and livestock meat rose by 16.1%, 9.2% and 6.6% respectively. the prices of fresh fruits, fresh vegetables and livestock meat rose by 16.1%, 9.2% and 6.6%, respectively.

Development and Reform Commission: a total of 23 high-quality corporate bonds were approved at 268 billion yuan in the first half of the year.

Meng Wei, spokesman for the National Development and Reform Commission, said at the press conference that a total of 23 high-quality corporate bonds were approved in the first half of the year. It is mainly used in transportation infrastructure, market-oriented bank debt-for-equity swap, venture capital fund investment, cultural tourism, sewage treatment, garbage disposal, industrial park development and operation, strategic emerging industries and other fields. Approval of 51 general corporate bonds 52.22 billion yuan, mainly used for standardized factory buildings, shantytown transformation, indemnificatory housing and other fields. The special enterprise bond 38 44.5 billion yuan, mainly uses in the city parking lot construction, the underground comprehensive management corridor, the green domain, the social domain and so on.

NDRC: electricity consumption of the whole society increased by 5.5% in June compared with the same period last year

According to the National Development and Reform Commission, the electricity consumption of the whole society in the first half of the year was 3.4 trillion kilowatt hours, an increase of 5.0 per cent over the same period last year. Among them, the electricity consumption of primary industry, secondary industry, tertiary industry and residents increased by 5.0%, 3.1%, 9.4% and 9.6% respectively compared with the same period last year, and the electricity consumption of tertiary industry and residents continued to increase rapidly. From a regional point of view, electricity consumption in 28 provinces (autonomous regions and municipalities) is increasing, of which three provinces (autonomous regions) have achieved double-digit growth of more than 10 percent. In June, the electricity consumption of the whole society increased by 5.5% over the same period last year, an increase of 3.2 percentage points over the previous month.

Development and Reform Commission: the cumulative output of raw coal from coal enterprises above the national scale increased by 2.6 per cent in the first half of the year compared with the same period last year.

According to the National Development and Reform Commission, in the first half of the year, the raw coal output of coal enterprises above the national scale totaled 1.76 billion tons, an increase of 2.6 per cent over the same period last year. China's railways shipped 1.2 billion tons of coal, an increase of 2.3 per cent over the same period last year. As of June 30, 138 million tons of coal had been stored in power plants throughout the country, with an average of 27 days of use, keeping it at a relatively high level.

[welfare] free to receive the "SMM exclusive industry chain package", the hand action is slow ~! Scan into the group!

Key Words:  Local debt  economy  stimulus  manufacturing 

NDRC: determined not to engage in flood stimulus to effectively prevent the hidden debt risk of local debt

Translation 04:00:07PM Jul 16, 2019 Source:Securities time Network
The content below was translated by Tencent automatically for reference.

SMM News: the National Development and Reform Commission (NDRC) is scheduled to hold a regular theme press conference in July in the third floor conference room of the National Development and Reform Commission (NDRC) at 10: 00 a.m. on Tuesday, July 16, 2019. A spokesman for the National Development and Reform Commission attended the press conference, released the macroeconomic situation and answered questions from reporters. (click to read > transcript of the press conference)

National Development and Reform Commission: resolutely do not engage in "flood flooding" to effectively guard against the hidden debt risk of local governments

Meng Wei, spokesman for the National Development and Reform Commission, said at the press conference: in the next step, we will accurately focus on the key areas of mending shortcomings, further improve the coordination mechanism, strengthen the reserve of major projects, step up the construction of major projects, strengthen the guarantee of project funds, promote the sustained and healthy development of private investment, continue to deepen the reform of "management and clothing" in the field of investment, and resolutely refrain from "flood irrigation." We will earnestly guard against the hidden debt risks of local governments and strive to do a good job in the key work of making up for shortcomings and stabilizing investment.

NDRC: work related to Hainan Free Trade Port is being actively promoted

Meng Wei, spokesman for the National Development and Reform Commission, said at the press conference that with regard to exploring the construction of a free trade port in Hainan, as far as we know, the relevant parties are actively promoting relevant research work. In the next step, we will continue to work with relevant parties to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, take institutional innovation as the core, build the Hainan Free Trade pilot Zone of high standards and high quality, gradually explore and steadily promote the construction of a free trade port with Chinese characteristics, and establish a free trade port policy and system step by step and stage by stage.

NDRC: relevant departments will supervise and inspect steel and coal production capacity in the third quarter

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that the relevant departments will carry out supervision and inspection on eliminating backwardness and resolving excess capacity in the steel and coal sectors in the third quarter, so as to resolutely prevent the resurgence of withdrawn production capacity.

NDRC: the scale of outward relocation of China's manufacturing industry is not large, and it is dominated by middle and low-end enterprises.

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that in recent years, with the in-depth adjustment of the international industrial division of labor and the global industrial layout, China's manufacturing industry has entered a new stage of transformation and upgrading and moving towards high-quality development. In this process, there are some enterprises to set up factories abroad, we think it is normal. Judging from the situation we currently have, the scale of China's manufacturing relocation is not large, and it is dominated by middle and low-end enterprises, and its impact on China's economic growth, industrial upgrading, labor and employment is generally controllable.

NDRC: strive to create a world-class business environment to further enhance its attractiveness to the development of the manufacturing industry

Meng Wei, spokesman for the National Development and Reform Commission, said: in the next step, the National Development and Reform Commission, together with relevant parties, will continue to promote the high-quality development of the manufacturing industry, focus on the following four aspects of policy, deepen market-oriented reform and expand high-level opening up; strive to enhance the vitality of the micro main body, release the potential of the domestic demand market, and make efforts to make up for the shortcomings of the industrial chain and upgrade the level of the industrial chain. We will strive to create a world-class business environment and further enhance our attractiveness to the development of the manufacturing industry. We believe that with the success of a series of policies and measures, the vast majority of enterprises will continue to stay in China for development, and more enterprises will come to China to invest and develop.

National Development and Reform Commission: supporting all kinds of entities to invest in the Construction of Energy Storage system in accordance with the principle of marketization and Planning the layout of hydrogen Energy Development as a whole

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that in order to do a good job in ensuring this year's peak and summer, it has put forward clear requirements for various localities to do a good job in the relevant safeguard measures. Pay more attention to transformation and upgrading, in the coal sector, consolidate the results of production capacity at the same time, orderly release of high-quality advanced production capacity. At the same time, we should actively promote the transformation and development of wind power and photovoltaic power generation, support all kinds of subjects to invest in the construction of energy storage systems in accordance with the principle of marketization, and plan the layout of hydrogen energy development as a whole.

NDRC: the new signing amount of market-oriented debt-to-equity swap is about 390 billion yuan since the beginning of this year.

Meng Wei, spokesman for the National Development and Reform Commission, said that as of June 30 this year, the amount of market-oriented debt-to-equity swap was about 2.4 trillion yuan, the actual amount reached 1 trillion yuan, and the capital arrival rate was raised to 41.5 percent, involving more than 200 enterprises with a high asset-liability ratio. Of these, since the beginning of this year, the new signing amount of market-oriented debt-to-equity swap is about 390 billion yuan, and the new landing amount is about 380 billion yuan.

NDRC: make greater efforts to do a good job of "six stability" to ensure that the economy operates in a reasonable range

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that in the next step, the National Development and Reform Commission, together with relevant departments, will resolutely implement the arrangements of the Central Economic work Conference and the "Government work report," adhere to the general tone of seeking progress in stability, strive to do a good job in their own affairs, and make overall efforts to stabilize growth, promote reform, adjust structure, benefit people's livelihood, prevent risks, and maintain stability, and make greater efforts to do a good job of "six stability." For the new situation and new challenges in economic operation, we will strengthen policy evaluation, optimize policy mix, strengthen policy coordination, pay close attention to policy implementation, and ensure that China's economic operation is in a reasonable range.

NDRC: demand for coal, electricity, oil and gas transportation will increase significantly during the summer rush hour

Meng Wei, spokesman for the National Development and Reform Commission, said at a news conference on the 16th that this year's peak summer has arrived, and everyone is very concerned about the situation of energy supply and demand. Our overall judgment is that during the peak summer, the demand for coal, electricity, oil and gas transportation will increase significantly, and there will still be security pressure in some areas during the peak period. We initially predict that during the summer peak period this year, the peak daily electricity consumption across the country will reach about 24.5 billion kilowatt hours, and the peak power load will be higher than last year's peak level.

NDRC: it is expected that the overall price level is expected to remain stable later this year.

At a press conference held by the National Development and Reform Commission on macroeconomic performance, spokesman Meng Wei said that commodity prices have generally risen steadily since the beginning of the year. Generally speaking, China's economy has a strong ability of self-circulation, adequate supply of industrial and agricultural products, stable prices, and strong foundation for operation. It is expected that the overall price level is expected to remain stable in the later period of this year.

NDRC: the second batch of 100 national demonstration parks will be identified next year

Meng Wei, spokesman for the National Development and Reform Commission, said at the press conference that in March this year, the National Development and Reform Commission, together with relevant departments, launched the creation of the second batch of demonstration parks. At present, a total of 110 demonstration parks have been selected, and the second batch of 100 state-level demonstration parks will be identified next year. The second batch of demonstration parks will further explore and innovate on the basis of summing up the first batch of experience.

NDRC: the rise in CPI has obvious structural characteristics. The food price index has a relatively large increase.

According to the National Development and Reform Commission, in the first half of the year, the overall price level in China remained basically stable, the increase in producer prices narrowed, and the rise in consumer prices was moderate. CPI rose 2.2 per cent in the first half from a year earlier, within a reasonable range of modest gains. From the internal composition, the rise in CPI has obvious structural characteristics, the price index of industrial goods and services rose less, up 1% and 2% respectively, while the food price index rose 4.7%, a relatively large increase. In terms of sub-items, the prices of fresh melons and fruits, fresh vegetables and livestock meat rose by 16.1%, 9.2% and 6.6% respectively. the prices of fresh fruits, fresh vegetables and livestock meat rose by 16.1%, 9.2% and 6.6%, respectively.

Development and Reform Commission: a total of 23 high-quality corporate bonds were approved at 268 billion yuan in the first half of the year.

Meng Wei, spokesman for the National Development and Reform Commission, said at the press conference that a total of 23 high-quality corporate bonds were approved in the first half of the year. It is mainly used in transportation infrastructure, market-oriented bank debt-for-equity swap, venture capital fund investment, cultural tourism, sewage treatment, garbage disposal, industrial park development and operation, strategic emerging industries and other fields. Approval of 51 general corporate bonds 52.22 billion yuan, mainly used for standardized factory buildings, shantytown transformation, indemnificatory housing and other fields. The special enterprise bond 38 44.5 billion yuan, mainly uses in the city parking lot construction, the underground comprehensive management corridor, the green domain, the social domain and so on.

NDRC: electricity consumption of the whole society increased by 5.5% in June compared with the same period last year

According to the National Development and Reform Commission, the electricity consumption of the whole society in the first half of the year was 3.4 trillion kilowatt hours, an increase of 5.0 per cent over the same period last year. Among them, the electricity consumption of primary industry, secondary industry, tertiary industry and residents increased by 5.0%, 3.1%, 9.4% and 9.6% respectively compared with the same period last year, and the electricity consumption of tertiary industry and residents continued to increase rapidly. From a regional point of view, electricity consumption in 28 provinces (autonomous regions and municipalities) is increasing, of which three provinces (autonomous regions) have achieved double-digit growth of more than 10 percent. In June, the electricity consumption of the whole society increased by 5.5% over the same period last year, an increase of 3.2 percentage points over the previous month.

Development and Reform Commission: the cumulative output of raw coal from coal enterprises above the national scale increased by 2.6 per cent in the first half of the year compared with the same period last year.

According to the National Development and Reform Commission, in the first half of the year, the raw coal output of coal enterprises above the national scale totaled 1.76 billion tons, an increase of 2.6 per cent over the same period last year. China's railways shipped 1.2 billion tons of coal, an increase of 2.3 per cent over the same period last year. As of June 30, 138 million tons of coal had been stored in power plants throughout the country, with an average of 27 days of use, keeping it at a relatively high level.

[welfare] free to receive the "SMM exclusive industry chain package", the hand action is slow ~! Scan into the group!

Key Words:  Local debt  economy  stimulus  manufacturing