Chen Dong, Xu Ning: Series Interpretation of Several Policies on Promoting Steady Growth of Industrial Economy – Five Cost Reduction "Combo Punches" To Boost Steady Growth of Industrial Economy
Release time: 2022-02-28   Author: Xu Ning,Chen Dong

Industry is the foundation of a country. After years of rapid development, China's industrial economic system has been continuously improved, its quality has been improved and its international influence has continued to grow. It has become an important starting point to ensure macroeconomic stability and national security. However, in recent years, in the face of the COVID-19 pandemic and other changes unseen in a century, under the triple pressure of shrinking demand, supply shock and weakening expectation, the overall cost of the industrial economy has increased significantly, the downward pressure has increased, the growth rate has fluctuated, and the pace of structural optimization and quality improvement has slowed down. On February 18, with the consent of the State Council, the National Development and Reform Commission and other departments issued Several Policies to Promote the Steady Growth of Industrial Economy (hereinafter referred to as "Several Policies").  Based on the tone of "stability", the document focuses on key areas and key links, makes greater efforts to integrate policies, gather resources and concentrate efforts, reduce the development cost of industrial enterprises and promote the steady growth of industrial economy.

This article interprets the "Several Policies" from five aspects: reducing the cost of taxes and fees, reducing the cost of financing, reducing the cost of labor, reducing the cost of land use, and reducing the cost of energy resources.