国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / National affairs

NDRC: Overcapacity top reform priority for 2017

By Wang Yanfei and Yang Ziman | China Daily | Updated: 2016-12-19 07:09

NDRC: Overcapacity top reform priority for 2017

Yang Weimin, vice-minister of the Office of the Central Leading Group on Finance and Economic Affairs. [Photo provided to China Daily]

Economic planner says multiple policies will ensure 'substantial headway' is made

China's top economic planner said on Saturday that cutting excess production capacity will be a priority for its work next year.

The National Development and Reform Commission will continue to push supply-side reform, including cutting overcapacity, destocking, deleveraging, reducing corporate costs and shoring up weak links in the economy, according to a statement after its annual work conference.

"Substantial headway must be made in carrying out these tasks," the statement said, adding that breakthroughs should be made in crucial fields, while multiple policies will be implemented to boost demand and ensure healthy economic development.

The commission will use market and legal tools to balance overcapacity reduction with stable supply, and structural optimization with industrial upgrades, Xu Shaoshi, head of the commission, was quoted as saying.

The NDRC said it will also control the leverage ratio of the nonfinancial corporate sector, and further cut taxation and fees for corporations.

More central government funds will be invested in poverty reduction, agriculture, post-disaster water conservancy, infrastructure and innovation, Xu said.

Top leaders and policymakers have reached a consensus on supply-side reform after calls to press ahead with restructuring at the three-day Central Economic Work Conference, which ended Friday.

Yang Weimin, vice-minister of the Office of the Central Leading Group on Finance and Economic Affairs, said China will promote development of the real economy, ensure development of the real estate market and push agricultural supply-side reform aimed at providing green and safe products.

"They are the top priorities next year," he said on Saturday at a forum held by the China Center for International Economic Exchanges that was attended by senior government officials and researchers and focused on discussions at the Central Economic Work Conference.

Yang said China will expand the scope of overcapacity reduction from not only steel and coal mining, but also to other sectors, adding that a market-oriented approach must be adopted.

He said focus will be placed on reducing real estate stock in third- and fourth-tier cities next year, with efforts to build more low-price, subsidized housing and boost the rental market. This comes after policymakers at the work conference said that "homes are built to be lived in, not for speculation".

Yang urged enterprises to lower their high leverage levels, which have resulted from borrowing from banks and other financial channels to sustain and expand their businesses.

"It is a top priority," he said, and efforts "must be carried out unswervingly" as interest rates on that debt constitute a heavy financial burden for enterprises, possibly leading to an industrial hollowing-out that could undermine the real economy.

Xin Zhiming contributed to this story.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
内乡县| 余庆县| 桦甸市| 郯城县| 江川县| 观塘区| 旅游| 大宁县| 塔河县| 德清县| 高安市| 寿光市| 峡江县| 含山县| 四平市| 凤庆县| 肇庆市| 桂东县| 临城县| 宣武区| 石屏县| 栾城县| 安溪县| 江阴市| 海兴县| 安丘市| 库尔勒市| 湟中县| 江安县| 西平县| 广河县| 汉源县| 鸡东县| 哈巴河县| 高州市| 大庆市| 隆回县| 河曲县| 平远县| 霸州市| 尚志市|