It is urgent to stabilize the economic market

Recently, various economic data have been released one after another, which are generally worse than expected
.
Among them, statistics from the National Development and Reform Commission show that in April, the added value of industries above designated size fell by 2.
9% year-on-year, and the electricity consumption of the whole society fell by 1.
2% year-on-year
.
According to data from the General Administration of Customs, China's export trade growth in April was negative year-on-year
.
According to the data released by the central bank, the total scale of new social financing was generally expected to be 2.
12 trillion yuan, but the final result was 823.
1 billion yuan, a difference of two orders of magnitude; new RMB loans were generally expected to be 1.
49 trillion yuan.
Between 1.
53 trillion yuan, and the final result is 645.
4 billion yuan, which is almost a fraction
.
From January to April, the interest rate on new loans issued by enterprises was 4.
39%, the lowest level since statistics
.

These data are very intuitive to reflect the current economic activities of enterprises, almost stagnant
.

Why is the economic activity of businesses almost stagnant?

One is the objective reason
.

Recently, the domestic epidemic has spread in many places, and the production in major economic regions has successively pressed the pause button
.
This has had a major impact on the stable operation of some key industries, including the petroleum and chemical industries
.
According to reports, enterprises are currently facing four major pressures: logistics interruption seriously affects the supply chain, soaring freight costs seriously affects corporate costs, sharp rises in raw material and energy prices lead to sharp declines in corporate profits, and insufficient domestic demand leads to market downturns
.

Take the tire industry as an example with good economic data
.
In April, the operating rate of the all-steel tire industry was 66.
1%, and that of semi-steel tires was 74.
5%, down 8.
3 and 10.
9 percentage points from the previous month
.
Both production and export volume fell by more than 10% month-on-month, and inventories increased by more than 40%
.
The only relief is that the export volume in April increased by 14.
8% year-on-year, but it still fell by 12% month-on-month
.

The other is a subjective reason - due to the interruption of logistics, the normal production and operation of many enterprises have also been interrupted
.
People can't get out, things can't get in, and the capital chain is broken
.
Over time, some companies lose confidence and simply "lie down"
.

At the critical moment, in order to boost economic confidence, the central government issued a series of policies to stabilize the economy
.
On May 23, the State Council launched a package of 33 measures in 6 areas to further stabilize the economy
.
At the same time, the State Council will supervise the implementation of local economic stabilization measures, and local governments should promptly introduce economic stabilization policies that are in line with local realities
.
Then, on the afternoon of May 25, the State Council held a national teleconference on stabilizing the economy
.
At the meeting, leaders such as He Lifeng, Chairman of the National Development and Reform Commission, Liu Kun, Minister of Finance, and Yi Gang, Governor of the People's Bank of China, introduced the current worrying economic situation from different angles
.
Premier Li Keqiang even warned that the severity of the current economic situation has reached the point where the broader market is unstable, and it is urgent to go all out to grasp the economy
.
He frankly analyzed the severe domestic economic situation and asked everyone to work together to stabilize the economic market
.

Premier Li said at the meeting that in March this year, especially since April, some economic indicators have fallen significantly, and in some respects and to a certain extent, it is more difficult than when the epidemic was severely hit in 2020
.
The urgent task at present is to strive to ensure that China's economy achieves positive growth in the second quarter
.

When it comes to energy issues, Premier Li also made an extraordinary deployment
.
He said that even if the economy is not recovering, there is still a shortage of energy this summer
.
Therefore, not only scientific scheduling, but also some measures to guarantee
.
Coal mines that have already met the production requirements are being deployed recently, and the approval process should be simplified as soon as possible
.
As long as the conditions for safe production are met in various places, they must be turned on.
To ensure energy supply, there must be no more power cuts like last year
.

Premier Li also emphasized that the supply chain must be opened up so that the economy can truly circulate
.
It is necessary to unblock international routes, increase domestic and international flights in an orderly manner, and formulate measures to facilitate the exchange of personnel from foreign companies
.
We must continue to create a state of marketization, legalization, and internationalization
.

The meeting convened by the central government was extremely unusual and attracted national attention
.
It is understood that this meeting is directed by the central government to the governments of provinces, cities and counties across the country
.
Participants notified by a prefecture-level city are required to include the mayor, deputy mayor, secretary-general of the municipal government, deputy secretary-general of the municipal government, other party members of the municipal government office, principals of relevant units at the municipal level, and principals of key enterprises.
meeting
.
The participants notified by a district-level government are required to include all the heads of the district government and the district government office, the principals of the relevant departments directly under the district, the principals of some district committees and financial institutions, and the principals of the township and field offices.
The person in charge attends the meeting
.
According to some statistics, according to this standard, according to the calculation of 2844 districts and counties across the country, the scale of this meeting exceeded 100,000 people
.
Some people describe this meeting as an economic meeting with a single stick to the end
.
It can be seen that the central government is determined to use unconventional means to stabilize the economy, stimulate the economy, and develop the economy
.

The grim economic reality once again reminds us that development is the last word with economic construction as the center.
This cannot be ambiguous, shaken, or impacted
.

Now a popular joke: the economy is not a truck on the ground, but a plane in the sky
.
You hit the brakes and it doesn't stop, it falls; you want to take off again, not with a foot on the gas, but with a runway and a long climb
.
So next, we need to be mentally prepared, make every effort to overcome difficulties, and let the Chinese economy accelerate again
.

In this process, it is very important to further boost confidence in economic development
.
We believe that the fundamentals of China's economy remain stable and sound in the long run, the factors that support high-quality development have not changed, and the characteristics of resilience, great potential and wide space have not changed
.

Or the familiar golden sentence: Faith is more important than gold
.

Petroleum and chemical companies, come on!