2019-04-19

Again: Houses Are For Living In, Not Speculating On

There's only one line about "houses are for living in" in the story and it wasn't a focus of the Central Committee meeting, but it was the headline at the top of the finance section today.

iFeng: 中共中央政治局:要坚持房住不炒定位
The meeting held that since the beginning of this year, in the face of complex and severe situations, all localities and departments have conscientiously implemented Xi Jinping's new era of socialism with Chinese characteristics, followed the deployment of the Party Central Committee, implemented the new development concept, unswervingly promoted high-quality development, and focused on deepening the supply side. Structural reforms, continue to lay down three major battles, continue to implement a proactive fiscal policy and a prudent monetary policy, timely and moderately implement macroeconomic policy countercyclical adjustments, the main macroeconomic indicators remain in a reasonable range, market confidence is significantly improved, and new and old kinetic energy conversion is accelerated. Implementation, reform and opening up continued to be vigorously promoted. The economic operation in the first quarter was generally stable and better than expected, and the start was good.

The meeting pointed out that while fully affirming the achievements, it is necessary to be soberly aware that there are still many difficulties and problems in the economic operation. The external economic environment is generally tight, and there is downward pressure on the domestic economy. This has both cyclical factors, but more Structural and institutional, we must maintain our strength, enhance our endurance, and be brave in tackling difficulties.

The meeting stressed that to do a good job in the economic work throughout the year, we must closely focus on implementing the spirit of the Central Economic Work Conference, striving for stability, highlighting the main line, keeping the bottom line, grasping the goodness, insisting that macroeconomic policies should be stable, micro policies must be live, and social policies must be The overall thinking of the bottom is to coordinate the two major domestic and international situations, and do a good job in stabilizing growth, promoting reform, restructuring, benefiting the people, preventing risks, and ensuring stability. It is necessary to consolidate the overall situation of economic and social stability through new progress in reform, opening up, and structural adjustment. It is necessary to refine the implementation measures of the “consolidation, enhancement, promotion and smooth flow” eight-character policy, pay attention to the steady demand of supply-side structural reform, adhere to structural de-leverage, prevent and resolve risks in promoting high-quality development, and resolutely fight the three major Fighting hard. Macroeconomic policies should be based on promoting high-quality development, paying more attention to quality improvement, and paying more attention to stimulating market vitality. Active fiscal policies should be strengthened and effective, and stable monetary policies should be moderately appropriate.

The meeting called for promoting the high-quality development of manufacturing industry as an important support for steady growth, guiding traditional industries to accelerate transformation and upgrading, and strengthening and expanding emerging industries. It is necessary to effectively support the development of the private economy and small and medium-sized enterprises, accelerate the structural reform of the financial supply side, focus on solving the problems of financing difficulties and financing, and guide the advantageous private enterprises to accelerate the transformation and upgrading. It is necessary to insist that the house is used for living, not for the positioning of speculation, and to implement a long-term regulation mechanism of one city, one policy, urban policy, and the main responsibility of the city government. To promote the healthy development of the capital market with key institutional innovations, the science and technology board must truly implement the securities issuance registration system with information disclosure as its core. We must open up to the outside world at a high level to promote deep-level reforms, expand foreign market access, and implement national treatment. We must do a good job in the employment of key groups and strengthen vocational skills training. In the near future, the issue of safe production is outstanding. It is necessary to give top priority to effective prevention and precise governance.

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