March 4th - It's like two sides of a coin. In response to an outbreak, China's institutional advantages are brought into play. At the same time, institutional disadvantages such as inadequate social management and imperfect public health system are also in full view. The state-owned enterprises of central enterprises take the lead in resuming production and become the main force to guarantee the supply of living supplies and epidemic materials. When they show a strong ability to resist risks, the vulnerability of small and micro enterprises of private enterprises is even more worrying 。
When the outbreak brought China's economic and social life to a halt at the beginning of the rat year, and when the economic leading indicator PMI reached a record low in February, China's economic data that will be bleak in the first quarter has become a foregone conclusion. Only when we are committed to "six stability" and emphasize more active fiscal policy, more flexible and moderate prudent monetary policy, can we "save the poor" by speeding up the reform of deep-water areas in the field of social economy.
"We can't just say that 50% of small and medium-sized enterprises are facing bankruptcy; fiscal policy should be more active, and the deficit should exceed 3% of GDP; how can we calculate the amount of 10 trillion additional special treasury bonds? It seems that China's economy is on the verge of collapse. How could it be? " He Keng, a former deputy director of the central finance and Economics Commission, said.
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