The fifth social security rate adjustment came. The overall social security rate dropped by nearly 10%.

The State Council executive meeting held on November 2 announced the latest policy on the social security rate reduction rate: the existing policy that was originally implemented until next year - the total ratio of employer and employee unemployment insurance contributions decreased from 3% to 1%, Continue to implement after the expiration of the end of April next year. This is the fifth time since 2015 that the State Council has announced the policy of social security reduction rate for the third time in a row. In April this year, the deputy director of the Ministry of Human Resources and Social Security, Yu Wei, revealed that the first four reduction rates have accumulated a total of 315 billion yuan for enterprises. In August this year, the State Administration of Taxation, the Ministry of Finance, and the Ministry of Human Resources and Social Security jointly held a meeting to clarify that…

Bright state-owned assets: the foreign assets have grown

The State Council for the first time illuminates the state-owned assets: the foreign assets in the country are growing rapidly What kind of "home" is the booming China? On the morning of October 24, the 6th meeting of the Standing Committee of the 13th National People's Congress in Beijing was reviewed. The State Council's Comprehensive Report on the Management of State-Owned Assets in 2017 (hereinafter referred to as the Comprehensive Report) and the State Council's 2017 Financial Enterprise Special Report on State-Owned Assets (hereinafter referred to as the special report). The "Daily Economic News" reporter noted that this is the first time that the State Council has reported to the Standing Committee of the National People's Congress on the "home" of state-owned assets, and handed over a "clear account" covering all types of state-owned assets at all levels. State-owned enterprise assets of 183.5 trillion yuan How many assets are there…

National Development and Reform Commission: there is no inflation risk in economic operations

On October 24, the National Development and Reform Commission held a press conference to respond to a number of hot issues. The National Bureau of Statistics has just released economic data for the third quarter, sparking some discussions about macroeconomics. Regarding the rise of CPI data, the National Development and Reform Commission spokesperson said that at present, China's prices have remained stable and there has been no sign of a trend. Concerns about "inflation" are "more care." For consumption, the NDRC spokesperson said that China's residents' consumption operations are generally stable, and the general trend of consumption upgrading has not changed. Overall, the economic operation in the first three quarters was generally stable, stable, and maintained in a reasonable range. Worry about inflation or stagflation The National Bureau of Statistics released data on October 16. The national consumer price (CPI) rose by 2.5% year-on-year in September, an increase of 0.2…

Manufacturing investment in January-September increased by 8.7% year-on-year

Ministry of Industry and Information Technology: January-September manufacturing investment increased by 8.7% year-on-year. “In the first three quarters, the added value of industrial enterprises above designated size increased by 6.4% year-on-year, faster than the full-year forecast; manufacturing investment increased by 8.7% year-on-year, and accelerated for six consecutive months; the information and communication industry maintained a good momentum of development, contributing to the rapid growth of information consumption. At the press conference of the State Council Information Office held on the 23rd, Xin Guobin, deputy minister of the Ministry of Industry and Information Technology, used the words "total stability," "stable and progressing," and "stable and moderate", for the first three quarters of China's industry and The operational situation of the development of the communications industry has been summarized. The fundamentals of industrial development are generally well controllable and present six highlights "In the three months of July, August and September, the…

Hong Kong-Zhuhai-Macao Bridge officially opened to traffic

One bridge connects the three places, and the sky is changing. After 6 years of preliminary preparation and 9 years of hard construction, the Hong Kong-Zhuhai-Macao Bridge was officially opened yesterday (23rd). The Hong Kong-Zhuhai-Macao Bridge spans the ocean, east to the Hong Kong Special Administrative Region, and west to Zhuhai City and Macao Special Administrative Region of Guangdong Province. The total length is about 55 kilometers. It is the first large-scale cross-sea traffic project under the cooperation of Guangdong, Hong Kong and Macao under the "one country, two systems" principle. . The opening of the bridge is of great significance to the construction of the Dawan District of Guangdong, Hong Kong and Macau. At the same time, as the world's longest span, the longest steel bridge, and the longest submarine bridge in the seabed, it is also the bridge with the most technical complexity, the most difficult construction and…

Xi Jinping: Supporting the development of private enterprises

Xi Jinping: Supporting the development of private enterprises will not waver Xi Jinping's reply: The private entrepreneurs who were commended in the “Wanqi Help Wancun” operation: Hello, let me know. I am very pleased to see that more and more private enterprises are actively taking on social responsibilities and are actively engaged in poverty alleviation and helping many poor people to live a good life. In the past 40 years of reform and opening up, private enterprises have flourished. The private economy has grown from small to large, from weak to strong, and has played an important role in stabilizing growth, promoting innovation, increasing employment, and improving people's livelihood. It has become an important force in promoting economic and social development. The historical contribution of the private economy is indelible. The status of the private economy is unquestionable. Any speech or practice that denies or weakens the private economy is…

China is becoming the most valuable investment market

Liu He: China is becoming the most valuable market for investment. The bubble has been greatly reduced. Liu He, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, interviewed on current economic and financial issues Xinhua News Agency, Beijing, October 19th On the morning of October 19th, Liu He, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, accepted People’s Daily reporter Gong Wen, Xinhua News Agency reporter Zhao Cheng and CCTV reporter Xu Qiang on the current economic and financial hotspot issues. Joint interview. The following is an interview record. Reporter: Vice Premier Liu, we know that you are very busy, but there are some changes in the current economic and financial situation. I hope that you can answer a few questions and respond to market concerns. Liu He: I welcome you to…

There are no gambling, tax exemption, horse racing in Hainan’s development plan.

"Hainan Horse Racing Development Plan" is basically completed. No gambling is allowed. On October 16, the State Council issued the "Overall Plan for the China (Hainan) Pilot Free Trade Zone" (hereinafter referred to as the "Program"). Zeng Bowei, director of the China Tourism Economics and Policy Research Center of Beijing Union University, said in an interview that the "Program" has made great breakthroughs in medical tourism and cruise tourism for the development of tourism in Hainan. The issues such as tax exemption and horse racing that were hotly discussed in the previous issue were not mentioned in the “Program”. In this regard, Zeng Bowei believes that there will be specific policies in the future, but models like Hong Kong horse racing will not appear in Hainan. Zeng Bowei also pointed out that although the "Program" has released huge benefits for Hainan's tourism industry, Hainan's tourism development cannot rely solely on…

The growth rate of fiscal revenue continues to fall

On October 18, the Ministry of Finance held a press conference on the fiscal revenue and expenditure in the first three quarters. "Daily Economic News" reporter noted that with the gradual release of the effect of tax reduction and fee reduction, the growth rate of fiscal revenue continued to fall, with growth rates of 6.1%, 4%, and 2% in July, August, and September, respectively. The domestic VAT growth rate in September has turned from negative to negative, down 1.2%. In the future, the burden on Chinese enterprises and individual residents will be further reduced. Yuan Haijun, deputy inspector of the Ministry of Finance and Taxation of the Ministry of Finance, said that the operational documents for improving the export tax rebate policy will be issued in the near future. At present, the specific measures for the special deduction of personal income tax are being researched and formulated. The relevant departments…

Hainan Free Trade Zone Program: Two years to transition to a free trade port

The biggest feature of Hainan Free Trade Zone Is the "global" pilot On the afternoon of October 16, the "China (Hainan) Pilot Free Trade Zone Overall Plan" (hereinafter referred to as the "Program") was officially released. According to the "Program", the implementation scope of the Pilot Free Trade Zone is Hainan Island, and in accordance with the requirements of Hainan's overall planning, the development of tourism, modern service industry, high-tech industry is the leading factor, and the industrial layout of Hainan Island is scientifically arranged. The "Program" has seven parts: The first part is the overall requirement, which clarifies the guiding ideology, strategic positioning and development goals. The second part is to build a free trade pilot zone on the whole island of Hainan, including the scope of implementation and functional division. The third, fourth and fifth parts have clearly defined the reform pilot tasks from the aspects of accelerating…