What are the specific contents of the 2022 National Conference on Stabilizing the Economy? Attached the latest full text

In March of this year, many parts of my country were affected by the local epidemic, resulting in a severe impact on the economy. Many companies either laid off employees or went bankrupt. In order to cope with the current situation, the country has successively issued measures and meetings to stabilize the economy. Recently, a national video and telephone conference on stabilizing the overall economic situation was held. What are the specific contents of the 2022 National Conference on Stabilizing the Overall Economic Situation? The latest full text is as follows:

1. What is included in the national conference on stabilizing the economy?

The content of the national conference on stabilizing the economy specifically includes pushing forward the implementation of various policies to stabilize the economy, protecting market entities, employment and people's livelihood, and ensuring that the economy operates within a reasonable range. Since the beginning of this year, especially in April, my country's employment, industrial production, electricity consumption, freight and other indicators have declined significantly. The difficulties in some aspects and to a certain extent are greater than when the epidemic had a severe impact in 2020. Development is the foundation and key to solving all problems in our country. Good epidemic prevention and control requires financial and material support, and maintaining employment, people's livelihood and preventing risks all require the support of development. We are currently at a critical juncture that will determine the economic trend for the whole year. We must seize the window of time and strive to push the economy back on normal track.

1. Content 1 of the National Conference on Stabilizing the Economy: Promoting the Implementation and Effectiveness of Economic Stabilization Policies

Li Keqiang said that all departments have responsibilities in stabilizing the overall economy and must have a greater sense of urgency to ensure that the policy measures determined by the Central Economic Work Conference and the Government Work Report are basically implemented in the first half of the year. To increase the implementation efforts, the State Council Executive Meeting determined that 33 policy measures in six areas to stabilize the economy must be issued before the end of May, and operational implementation details must be issued.

2. Content 2 of the National Conference on Stabilizing the Economy: Giving Full Play to the Initiatives of the Central and Local Governments

Local governments are tasked with promoting development and bringing benefits to their local areas, and they must fulfill their responsibilities and ensure implementation. Continuously solving dilemmas and multiple problems is a test of the administrative capabilities of governments at all levels. We must complete the tasks of economic and social development while doing a good job in epidemic prevention and control, grasp the overall situation, and prevent single-minded and one-size-fits-all approaches. We must work creatively, tap into our own policy potential according to local conditions, and implement as many policies as possible to help market entities alleviate difficulties, stabilize and expand employment.

3. Content 3 of the National Conference on Stabilizing the Economy: Market players should be treated equally

We must treat all types of market entities equally, including state-owned enterprises, private enterprises, and foreign enterprises, fully mobilize the enthusiasm and creativity of all parties, and persist in using market-oriented methods and reform measures to solve problems. Further clear the bottlenecks in logistics and upstream and downstream connections of the industrial chain, and promote resumption of work and production.

4. Content 4 of the National Conference on Stabilizing the Economy: Solidly safeguarding people’s livelihood

Unemployment insurance, subsistence allowances, relief and other funds should be distributed to the people in a timely manner to ensure that large-scale poverty does not occur.

In addition, the State Council will send inspection teams to 12 provinces on the 26th to carry out special inspections on policy implementation and supporting measures. The main economic indicators for the second quarter of each region will be announced by the national statistical department in accordance with laws and regulations and by province, and the State Council will report on the relevant work.

In general, the content of the 2022 National Conference on Stabilizing the Economy includes three key points: firmly promoting the implementation of various policies to stabilize the economy, protecting market entities, employment and people's livelihood, and ensuring that the economy operates within a reasonable range.