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Reduce Costs And Unload The "Mountain" On The Shoulders Of The Real Economy

2016/5/29 13:03:00 27

Cost ReductionReal Economy And Economic Situation

Some local governments protect local backward enterprises by means of financial subsidies, providing cheap energy and relaxing environmental supervision, resulting in inefficient enterprises being driven out of the market and even forming a vicious competition situation that "bad money drives out good money".

For this abnormal phenomenon, we must use the executive order to push forward.

"At the end of 2015, the total area of commercial housing sold in China amounted to 719 million square meters.

We need to solve this problem.

Stock

It's not an easy thing. "

The recent meeting of the Central Political Bureau stressed that in order to speed up the urbanization rate of household registration and deepen the reform of housing system, we should orderly digest real estate inventory, focus on solving regional and structural problems, and implement differentiated regulation policies.

We should encourage self occupied housing demand, restrict investment speculation and return property to real estate, so as to provide more space for entrepreneurial innovation and solve the need for economic pformation and upgrading.

In the face of soaring housing prices in the north, such as Guangzhou and Shenzhen, Chen Zhenggao, Minister of housing and urban rural development, admitted that market differentiation is becoming more and more serious. "The situation of first tier cities and three or four tier cities is quite different, which brings challenges to our regulation and control."

Excessive leverage will bring high risk.

The subprime mortgage crisis and the financial crisis in the United States were triggered by the consumption of American housing and excessive leverage of financial institutions. Up to now, the global economy has not yet come out of the shadow of crisis.

At present, China's debt risk is generally controllable, but the risk of higher leverage in the real economy needs to be resolved.

This is due to the fact that investment has been too dependent on investment for a long time, and that there are also factors that should be taken in response to the international financial crisis.

According to the national balance sheet research conducted by Li Yang, former vice president of the Chinese Academy of Social Sciences, the leverage ratio of non-financial enterprises continued to rise from 2008 to 2014, which is at a high level and deserves vigilance.

While taking measures to alleviate the current pressure, we must fundamentally solve the problem that enterprises rely too much on higher cost bank loans. We must use more channels such as capital market and venture capital. To fundamentally solve the problem of local government debt building, we must vigorously develop PPP (government and social capital cooperation) mechanism.

Uphill is easy to go downhill.

De-leveraging

It is a difficult and long-term process.

We should not only have firm determination and forceful measures, but also pay attention to ways and means in order to prevent risks in the process of operation.

"High leverage is not added to one day, nor can it be removed overnight.

For sectors with higher leverage, we should adopt positive and gradual measures to guide the gradual decline in leverage.

Xu Nuojin, governor of the Zhengzhou central sub branch of the people's Bank of China, said.

Reporter survey found that, at present, employment, energy, land, logistics, financing, taxes and other explicit costs make many enterprises appear "puffy" state on the one hand, their own weight (cost), heavy burden; on the other hand, the basal metabolic rate (profit) is low, the color is not good.

At the end of last year, a survey of 2526 entrepreneurs in China revealed that more than 70% of the major difficulties reflected by enterprises were higher in labor costs than in half.

Entrepreneur

Choose "social security, tax burden too heavy".

At present, we need to guard against the problems of many enterprises' Tucao, such as the government's "loose hands" and the high cost of inspection and inspection fees. These "hidden costs" are like "ropes" tied to enterprises, which not only inhibit and restrain the upgrading of enterprises' innovation, but also provide effective supply, which may also hinder the structural reform of supply side to a certain extent.

Experts believe that supply side management can not solve problems simply by relying on policy incentives. The key is to guide entrepreneurs' expectations and create a fair and healthy business environment.

To reduce costs in a comprehensive way, we need to correctly treat the far-reaching significance of reducing social security contributions such as pension.

Although the initial range is not large, it shows that the more reasonable pension insurance rate adjustment mechanism is being built, and the policy must be carried out to the end and coordinated with the pension reform.

In order to reduce costs in an all-round way, we should also reduce the burden of unreasonable taxes and fees to the end.

Research shows that every drop of tax cost by one percentage point will turn hundreds of thousands of enterprises into profits and avoid bankruptcy.

To reduce costs in an all-round way, it is urgent to pform government functions and work hard to reduce the institutional paction costs of enterprises and reduce administrative examination and approval.


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