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肖宏伟:政策协同驱动“两新”显效
Sou Hu Cai Jing· 2025-09-22 23:24
Group 1 - The core viewpoint of the articles emphasizes the effectiveness of China's macroeconomic policies, particularly the issuance of ultra-long special government bonds and the implementation of the "Two New" policies, which are crucial for stabilizing the economy and stimulating domestic demand [1][2][3] - The "Two New" policies leverage fiscal funds as a "lever" to reduce financing costs for enterprises through subsidies and interest discounts, significantly enhancing banks' willingness to lend [1][2] - From January to August, investment in equipment and tools increased by 14.4% year-on-year, contributing 2.1 percentage points to overall investment growth, indicating a positive impact on effective investment [1] Group 2 - The combination of subsidies and consumer finance, such as zero-interest installments and low-interest loans, effectively transforms potential demand into immediate purchasing power, thereby upgrading the consumption market structure [2] - The policies also extend to the supply side, providing loan interest subsidies to production, circulation, and service enterprises, which alleviates financial pressure and encourages inventory increase and service optimization [2][3] - A well-structured financial and fiscal collaboration mechanism has been established to ensure efficient implementation of the "Two New" policies, preventing fund idling and effect attenuation [3] Group 3 - The next phase requires a continued focus on problem-oriented and goal-oriented approaches to deepen the "fiscal + financial" collaborative model, aiming to elevate the effectiveness of the "Two New" policies [3] - Future expectations include the rollout of the fourth batch of funds for replacing old consumer goods and the introduction of more innovative financial tools, which are anticipated to further unleash policy effectiveness [3] - The sustained drive of fiscal and financial collaboration is expected to fully tap into the vast potential of the domestic market, solidifying the pace of industrial upgrades and enhancing the endogenous momentum and resilience of economic development [3]