Original Title: Notice of the State Council on Issuing a Package of Policy Measures to Firmly Stabilize the Economy
I. Fiscal Policies (7 Items)
1. Further expand the scope of the VAT carryforward refund policy.Building upon the existing policy of fully refunding accumulated VAT carryovers and providing monthly full refunds for incremental carryovers for enterprises in six sectors—manufacturing; scientific research and technical services; electricity, heat, gas, and water production and supply; software and information technology services; ecological protection and environmental governance; and civil aviation, transportation, warehousing, and postal services—the State Council will explore extending this policy to include enterprises in seven additional sectors: wholesale and retail trade; agriculture, forestry, animal husbandry, and fisheries;accommodation and food services, household services, repair, and other services, education, health and social work, and culture, sports, and entertainment. This is expected to generate an additional 142 billion yuan in VAT carryforward refunds.We will expedite the processing of input tax credit refunds for small and micro enterprises and individual businesses while increasing support efforts. Based on voluntary applications from taxpayers, we aim to substantially complete the centralized refund of accumulated input tax credits by June 30; the total amount of new refunds resulting from the various input tax credit refund policies introduced this year will reach approximately 1.64 trillion yuan. We will strengthen risk prevention in tax refunds and strictly punish tax evasion and tax fraud in accordance with the law.
2. Accelerate the pace of fiscal expenditure. Urge and guide local governments to speed up budget execution, allocate funds promptly, and ensure timely disbursement.Promptly allocate transfer payment budgets and accelerate the pace of local-level spending; intensify efforts to mobilize idle funds, recovering and pooling surplus funds and carryover funds unused for two consecutive years in accordance with regulations; for carryover funds held for less than two years that do not need to be used for their original purposes, recover and pool them for use in areas of the economy and society that urgently require support; coordinate fund allocation in conjunction with needs such as VAT carryforward refunds and project construction, strengthen treasury cash reserves, and ensure the smooth progress of relevant work.
3. Accelerate the issuance and utilization of local government special bonds and expand the scope of support. Urgently complete this year’s special bond issuance and utilization targets; accelerate the issuance and utilization of the 3.45 trillion yuan in special bonds already allocated for this year, aiming to complete issuance by the end of June and utilization by the end of August.Subject to compliance with laws and regulations and under the premise of controllable risks, the Ministry of Finance, in conjunction with the People’s Bank of China and the China Banking and Insurance Regulatory Commission, will guide commercial banks to provide配套 financing support to eligible project entities for special bond projects, ensuring effective coordination between credit funds and special bond funds. Building upon the nine major sectors previously identified—including transportation infrastructure, energy, and affordable housing projects—the scope of support for special bonds will be appropriately expanded, with priority given to including new infrastructure and new energy projects within the scope of support.
4. Make full use of policies such as government-backed financing guarantees.This year, the scale of new re-guarantee cooperation under the National Financing Guarantee Fund will exceed 1 trillion yuan. For eligible small, medium, and micro enterprises and individual business operators in the transportation, catering, accommodation, and tourism sectors, government-backed financing guarantee institutions are encouraged to provide financing guarantees. These institutions shall promptly fulfill their compensation obligations, urge financial institutions to disburse loans as soon as possible, and refrain from indiscriminately withdrawing, reducing, or cutting off loans. Furthermore, the aforementioned eligible financing guarantee businesses will be included in the scope of re-guarantee cooperation under the National Financing Guarantee Fund.Thoroughly implement the central government’s policy on fee reductions and subsidies for financing guarantees for small and micro enterprises. We plan to allocate 3 billion yuan to support financing guarantee institutions in further expanding the scale of their financing guarantee business for small and micro enterprises and reducing financing guarantee rates. We will encourage eligible localities to provide temporary subsidies for premiums on guarantee business supporting small businesses and agriculture.
5. Strengthen government procurement support for small and medium-sized enterprises (SMEs). Increase the price deduction ratio for small and micro enterprises from 6%–10% to 10%–20%.Government procurement projects must implement policies promoting the development of SMEs. Procurement packages should be reasonably divided based on project characteristics, professional types, and fields of expertise. Joint bidding and subcontracting by large enterprises should be actively expanded to lower the barriers to participation for SMEs. Adhering to the principles of openness, fairness, and fair competition, and in accordance with uniform quality standards, the reserved procurement quota for SMEs will be temporarily increased from over 30% to over 40% this year. For non-reserved projects, evaluation preferences should be granted to micro and small enterprises to increase the contract volume awarded to SMEs.
6. Expand the implementation of social insurance premium deferral policies. While ensuring that all social insurance benefits are paid in full and on time, all eligible small, medium, and micro enterprises, as well as individually owned businesses participating in social insurance through employer-based enrollment, that face temporary operational difficulties due to the pandemic in affected regions may temporarily defer the employer’s portion of the three social insurance premiums. This deferral period will be implemented on a phased basis until the end of this year.Building upon the phased deferral policy for the three social insurance contributions already implemented in five severely affected industries—catering, retail, tourism, civil aviation, and road, waterway, and rail transportation—the deferral policy will be expanded to other severely affected industries that have been severely impacted by the pandemic, where enterprises across the sector are facing widespread operational difficulties, and that align with national industrial policy guidelines. The deferral period for pension insurance contributions will be temporarily extended until the end of this year.
7. Strengthen support for job retention. Optimize the unemployment insurance job retention subsidy policy by further increasing the reimbursement rate, raising the subsidy rate for large enterprises from 30% to 50%.The scope of unemployment insurance retention subsidies will be expanded from small, medium, and micro enterprises to all insured enterprises that are temporarily unable to conduct normal production and operations due to the severe impact of the pandemic. Enterprises that hire college graduates in their graduation year, sign labor contracts with them, and enroll them in unemployment insurance may receive a one-time job expansion subsidy of up to 1,500 yuan per person. The specific subsidy standards will be determined by each province, and this subsidy cannot be claimed in conjunction with the one-time employment absorption subsidy. The policy will remain in effect until the end of this year.
II. Monetary and Financial Policies (5 items)
8. Encourage the deferral of principal and interest payments for loans to small, medium, and micro enterprises, individual business operators, and truck drivers, as well as for personal housing and consumer loans affected by the pandemic. Commercial banks and other financial institutions shall continue to negotiate autonomously with small, medium, and micro enterprises (including their owners), individual business operators, and truck drivers in accordance with market principles to defer principal and interest payments on their loans, striving to grant deferrals to all eligible cases. In principle, the deferral period for this round shall not exceed the end of 2022.Financial subsidiaries of central state-owned automotive enterprises should play a leading and exemplary role by providing a six-month deferral of principal and interest payments for consumer loans for commercial trucks issued before June 30, 2022. For individuals hospitalized or quarantined due to COVID-19 infection, or those under quarantine observation or who have lost their source of income due to the pandemic, financial institutions should flexibly adjust repayment plans for their outstanding personal housing and consumer loans by reasonably postponing repayment dates, extending loan terms, or deferring principal payments.For deferred loans, a substantive risk assessment must be conducted; loan risk classifications shall not be downgraded solely due to the pandemic, credit records shall not be adversely affected, and penalty interest shall be waived.
9. Strengthen support for inclusive loans to small and micro enterprises. Continue to increase the quota for re-lending to support agriculture and small businesses. Raise the funding support ratio for the Inclusive Small and Micro Enterprise Loan Support Tool from 1% to 2%, meaning the People’s Bank of China will provide funding support equivalent to 2% of the incremental balance of inclusive small and micro enterprise loans held by relevant local legal-person banks (including those resulting from deferred principal and interest payments), thereby better guiding and supporting local legal-person banks in issuing such loans.Guide financial institutions and large enterprises to support financing for small and micro enterprises through measures such as accounts receivable pledging. Expedite the revision of regulations to shorten the acceptance period for commercial bills from one year to six months, and increase support for rediscounting, thereby promoting the integrated development of large, medium, and small enterprises through supply chain financing and bank-enterprise cooperation.
10. Continue to promote a steady decline in actual loan interest rates. Building on the effective use of funds released from previous reserve requirement ratio cuts and the expansion of credit issuance, we will fully leverage the role of the market interest rate pricing self-discipline mechanism, continue to unleash the benefits of the reform of the Loan Prime Rate (LPR) formation mechanism, and utilize the market-based adjustment mechanism for deposit interest rates. We will guide financial institutions to pass on the effects of lower deposit rates to the lending side, thereby continuing to promote a steady decline in actual loan interest rates.
11. Improve the efficiency of capital market financing. Scientifically and reasonably manage the normalization of initial public offerings (IPOs) and follow-on offerings.Support mainland enterprises in listing in Hong Kong, and promote the overseas listings of eligible platform enterprises in accordance with laws and regulations. Continue to support and encourage financial institutions to issue financial bonds, establish green channels for financial bonds targeting agriculture, rural areas, and farmers (the “Three Rural Areas”), small and micro enterprises, green finance, and mass entrepreneurship and innovation, and provide financing support to enterprises in key sectors. Urge and guide all infrastructure providers in the interbank bond market and the exchange-traded bond market to comprehensively review their fee items, waive as many transaction fees as possible for private enterprise bond financing, and further send a clear signal of support for private enterprises.
12. Increase financial institutions’ support for infrastructure construction and major projects. Policy-based and development banks should optimize their loan structures and issue more loans with longer maturities; commercial banks should be guided to further increase loan issuance and extend loan terms; insurance companies and other entities should be encouraged to leverage their advantages in long-term capital to increase support for infrastructure construction and major projects in sectors such as water conservancy, water transport, highways, and logistics.
III. Policies to Stabilize Investment and Promote Consumption (6 items)
13. Accelerate the advancement of a batch of water conservancy projects with mature feasibility studies. In 2022, launch a new batch of projects already included in the plan and ready for implementation, including major water diversion and transfer projects such as follow-up phases of the South-to-North Water Diversion Project, key flood control and disaster mitigation projects, rehabilitation and reinforcement of unsafe reservoirs, and irrigation district construction and renovation. Further refine the project list, strengthen organizational implementation and coordination, and optimize workflows to effectively enhance water resource security and disaster prevention and mitigation capabilities.
14. Accelerate investment in transportation infrastructure. For comprehensive three-dimensional transportation network projects along rivers, coasts, and borders, as well as port and waterway projects, strengthen the supply of resources and factors, streamline approval procedures, and expedite their launch and implementation to ensure that all eligible projects are started and all feasible projects are launched.Support China State Railway Group Co., Ltd. in issuing 300 billion yuan in railway construction bonds. Launch a new round of rural road construction and renovation. Building on the completion of this year’s targets, further strengthen financial and other policy support to complete an additional 30,000 kilometers of new and renovated rural roads, implement safety and life-protection projects on 30,000 kilometers of rural roads, and renovate 3,000 hazardous bridges on rural roads.
15. Continue to advance the construction of urban underground utility tunnels in a manner suited to local conditions. Guide localities to coordinate tunnel construction with the renovation of aging urban pipeline networks; in new urban areas, actively develop trunk and branch tunnels based on functional needs, rationally layout tunnel systems, and coordinate the laying of various utility lines. Accelerate the clarification of tunnel access fee policies, adopt multiple measures to resolve obstacles to investment and financing, and promote the implementation of a batch of underground utility tunnel projects that meet the necessary conditions.
16. Stabilize and expand private investment. Initiate the drafting of the National Major Infrastructure Development Plan, earnestly carry out pilot programs for high-quality infrastructure development, and vigorously and orderly advance the implementation of the 102 major projects outlined in the 14th Five-Year Plan, encouraging and attracting more social capital to participate in national major engineering projects. Give preferential treatment to consortia of large, medium, and small enterprises in bidding for supply chain and industrial chain projects, and encourage private enterprises to fully leverage their strengths to participate in key R&D efforts. In 2022, provide new support to approximately 500 specialized, refined, distinctive, and innovative “Little Giant” enterprises.Encourage private investment to focus on urban infrastructure and other key areas, and participate in the construction of key projects through comprehensive development models.
17. Promote the standardized and healthy development of the platform economy. Introduce specific measures to support the standardized and healthy development of the platform economy; establish “traffic lights” to prevent disorderly capital expansion, maintain market competition order, and promote the standardized and healthy development of the platform economy through fair competition.Fully leverage the role of the platform economy in stabilizing employment, stabilize the development expectations of platform enterprises and their symbiotic small, medium, and micro enterprises, and use the growth of platform enterprises to help small, medium, and micro enterprises overcome difficulties. Guide platform enterprises to ensure the “last-mile” supply of epidemic prevention materials and essential daily goods through online-offline coordination during epidemic prevention and control. Encourage platform enterprises to accelerate technological R&D breakthroughs in fields such as artificial intelligence, cloud computing, blockchain, operating systems, and processors.
18. Steadily increase consumption of major goods such as automobiles and home appliances. No region shall introduce new automobile purchase restriction measures; regions that have already implemented such restrictions shall gradually increase the number of additional purchase quotas and relax eligibility requirements for purchasers, while encouraging the implementation of differentiated quota policies between urban and suburban areas. Accelerate the issuance of policy documents to promote the shift from purchase management to usage management of automobiles.Completely abolish restrictions on the relocation of used vehicles. Nationwide, remove restrictions on the relocation of small, non-commercial used vehicles that meet China V emission standards, and improve regulations governing the registration, filing, and transaction registration of entities in the used vehicle market. Support regions with automobile import ports in developing parallel import businesses and improve the environmental information disclosure system for parallel-imported vehicles. Implement refined management of pickup trucks entering urban areas and study further relaxation of restrictions on their entry.Study support policies to reduce vehicle purchase tax for passenger cars below a certain engine displacement within this year. Optimize the investment, construction, and operation models for new energy vehicle charging piles (stations), gradually achieve full coverage of charging facilities in all residential communities and commercial parking lots, and accelerate the construction of charging piles (stations) in areas such as highway service areas and passenger transport hubs. Encourage home appliance manufacturers to implement recycling target responsibility systems, and guide financial institutions to enhance their financial service capabilities to better meet the demands of consumption upgrading.
IV. Policies to Ensure Food and Energy Security (5 items)
19. Improve and refine policies such as grain income support. In response to the persistently high prices of agricultural inputs, and building on the 20 billion yuan in agricultural input subsidies already disbursed, promptly distribute a second batch of 10 billion yuan in agricultural input subsidies to offset the decline in grain farming income caused by rising costs.Actively advance the import of potash fertilizers. Refine contingency plans for the implementation of minimum purchase prices, fully implement the policy requirement to appropriately raise the minimum purchase prices for rice and wheat in 2022, and promptly initiate purchases based on market conditions to protect farmers’ enthusiasm for grain production. Optimize grain production subsidy policies and improve the policy framework for subsidies to grain-growing farmers.
20. Orderly release high-quality coal production capacity while ensuring safe, clean, and efficient utilization. Establish and improve policy mechanisms for incentivizing and regulating coal production. Accelerate the processing of procedures for coal mines designated to ensure supply in accordance with laws and regulations, and support eligible open-pit and underground coal mine projects in releasing production capacity while ensuring production safety and ecological security. Promptly adjust policies on capacity increases to support coal mines that meet safety standards in expanding production capacity, accelerate the release of high-quality coal production capacity, and ensure the security of electricity and coal supply during the summer peak demand period.
21. Urgently promote the implementation of a batch of energy projects. Facilitate the prompt implementation of major energy projects that are fundamentally ready to commence construction this year. Actively and prudently advance preliminary research, feasibility studies, and design optimization for hydropower projects such as the Longpan Project on the Jinsha River.Accelerate the construction of large-scale wind and solar power bases, with a focus on desert, Gobi, and arid regions. In the near term, expedite the launch of the second batch of projects, and coordinate the allocation of land, forest, grassland, and water resources for large-scale wind and solar power base construction projects. Approve and commence construction of base projects, coal-fired power projects, and ultra-high-voltage transmission corridors in accordance with established procedures.Prioritize the planning of a number of pumped-storage power stations that play a strong role in ensuring the security of the power system, significantly promote the large-scale development of new energy, and have relatively superior economic indicators, and accelerate the commencement of construction for projects where conditions are ripe. Accelerate the planning and preliminary work for cross-provincial power grid projects such as the Zhangbei-Shengli and Sichuan-Chongqing AC grid projects, as well as the Longdong-Shandong and Jinshang-Hubei DC projects.
22. Enhance coal reserve capacity and standards. Make effective use of special re-loans and qualified bank loans supporting the clean and efficient utilization of coal. Strengthen local governments’ responsibility for maintaining coal reserves.
23. Strengthen reserve capacity for energy resources such as crude oil. Plan reserve projects and commence construction as soon as possible. Advance the construction of government reserve projects, and ensure that completed projects become operational as soon as possible.
V. Policies to Ensure the Stability of Industrial and Supply Chains (7 items)
24. Reduce costs for market entities related to water, electricity, and internet usage. Fully implement the policy of “no service interruption for overdue payments” regarding water, electricity, and gas for micro, small, and medium-sized enterprises (MSMEs) and individual business operators facing temporary operational difficulties due to the pandemic. Establish a six-month grace period for payment deferral, which may be further extended based on local conditions, and waive late payment penalties during the deferral period. Guide local authorities to provide subsidies for water, electricity, and gas costs for MSMEs and individual business operators.Streamline and standardize charges in urban water, electricity, gas, and heating sectors; eliminate unreasonable fees; regulate government-set prices and operators’ pricing practices; and implement list-based management for retained fee items. In 2022, average broadband and dedicated line rates for small and micro enterprises will be reduced by a further 10%. In the bidding sector, fully implement the use of performance bonds (or insurance) to replace cash deposits for bid, performance, and construction quality guarantees; and encourage tenderers to exempt small and micro enterprise bidders from bid bonds.
25. Promote temporary reductions or exemptions of rent for market entities. In 2022, small and micro enterprises in the service sector and individual business operators leasing state-owned properties will be granted a 3–6-month rent reduction or exemption; landlords who reduce or waive rent may be eligible for reductions in property tax and urban land use tax for that year in accordance with regulations, and state-owned banks will be guided to provide support such as preferential-rate secured loans to landlords who reduce or waive rent, as needed.Landlords of non-state-owned properties who reduce rent may enjoy the same policy benefits as described above. We encourage and guide all regions to develop more practical and effective measures tailored to their local conditions to promote rent reductions for market entities.
26. Increase relief and support for enterprises in sectors heavily impacted by the pandemic, such as civil aviation. While making full use of special re-lending programs supporting the clean and efficient use of coal, transportation and logistics, technological innovation, and inclusive elderly care, increase the emergency loan quota for civil aviation by 150 billion yuan and appropriately expand the scope of support to help struggling aviation enterprises weather the crisis.Support the aviation industry in issuing 200 billion yuan in bonds. Taking into account factors such as the demand for civil aviation infrastructure construction, we will study solutions to address funding shortages; at the same time, we will formulate specific plans for injecting capital into relevant aviation enterprises. We will gradually increase the number of international passenger flights to create conditions for facilitating the movement of people between China and other countries and for economic and trade exchanges and cooperation. We encourage banks to extend loans to enterprises in other sectors heavily affected by the pandemic, such as cultural tourism, catering, and accommodation.
27. Optimize policies for enterprise resumption of work and production. High- and medium-risk areas affected by the pandemic should establish and improve a “whitelist” system for the resumption of work and production of key enterprises, including those ensuring operational support, manufacturers of epidemic prevention materials, enterprises requiring continuous production, key enterprises in industrial and supply chains, key foreign trade and foreign-invested enterprises, and “specialized, refined, distinctive, and innovative” small and medium-sized enterprises.Timely summarize and promote effective practices such as “point-to-point” transportation, contactless handover, and green channels; refine and concretize service measures for “whitelist” enterprises; promote coordination between central and provincial authorities and mutual recognition among regions; and work together to facilitate the resumption of work and production for enterprises in industrial and supply chains.Actively guide all regions to fulfill their local responsibilities; when outbreaks occur, encourage eligible enterprises to adopt closed-loop production to ensure stable operations, and in principle, do not require them to suspend production. Local governments where enterprises are located should provide guidance on epidemic prevention and control, strengthen services regarding employee return-to-work arrangements, logistics support, and upstream-downstream coordination, and minimize the impact of the pandemic on enterprises’ normal production and operations.
28. Improve policies to ensure the smooth flow of transportation and logistics. Completely lift all epidemic-related travel restrictions on freight vehicles from low-risk areas, focus on eliminating bottlenecks in manufacturing logistics, and accelerate the turnover of finished goods inventory; it is prohibited to arbitrarily block or close expressways, ordinary roads, or waterway locks; the physical isolation of county, township, and village roads is strictly prohibited; and expressway service areas, port terminals, railway stations, and civil transport airports must not be arbitrarily shut down.It is strictly prohibited to restrict the normal movement of people from low-risk areas. For freight vehicles originating from or entering/exiting cities where medium- or high-risk areas are located, implement the “test, release, and track” system. Passenger and freight drivers, couriers, and crew members who undergo nucleic acid and antigen testing at free testing sites in other regions shall be treated by local governments as local residents in terms of testing coverage and policy benefits; the costs shall be covered by local fiscal funds.
29. Coordinate efforts to increase support for logistics hubs and logistics enterprises. Accelerate the construction of the Ningbo-Zhoushan Commodity Storage and Transportation Base and conduct research on the overall planning of commodity storage and transportation bases. In 2022, the central government will allocate approximately 5 billion yuan to provide targeted support to key national hub cities, enhancing their capabilities in cargo consolidation, warehousing, transshipment, and emergency response, while guiding the accelerated integration of multimodal transport to reduce comprehensive freight costs.In 2022, the central government will allocate approximately 2.5 billion yuan from the Service Industry Development Fund to accelerate the development of agricultural product supply chain systems, and approximately 3.8 billion yuan to support the implementation of the County-Level Commercial Development Initiative.We will expedite the implementation of the 100-billion-yuan special re-lending policy for transportation and logistics to support financing for enterprises in these sectors and increase the use of structural monetary policy tools to stabilize supply chains. In major agricultural production areas and regions with advantages in specialty agricultural products, we will support the construction of a number of small-scale on-farm cold storage and preservation facilities and promote the establishment of a number of cold-chain distribution centers for production and sales.
30. Accelerate the advancement of major foreign investment projects and actively attract foreign investment. Building on major foreign investment projects already included in task forces and advanced through green channels, fully leverage the leading and driving role of such projects to promptly evaluate and launch major foreign investment projects characterized by large investment amounts, strong driving effects, and broad coverage of the industrial chain.Accelerate the revision of the Catalogue of Industries Encouraging Foreign Investment to guide foreign capital toward advanced manufacturing, technological innovation, and other sectors, as well as toward central, western, and northeastern regions. Support foreign-invested enterprises in establishing high-tech R&D centers and similar facilities. Further expand cross-border financing channels for enterprises and support eligible high-tech and “specialized, refined, distinctive, and innovative” enterprises in piloting foreign debt quota facilitation programs.Establish and improve regular communication mechanisms with foreign business associations and foreign-invested enterprises in China, actively address issues related to business convenience for foreign-invested enterprises in China, and further stabilize and expand foreign investment.
VI. Policies to Safeguard Basic Livelihoods (3 items)
31. Implement phased support policies for housing provident funds. Enterprises affected by the pandemic may apply for a deferral of housing provident fund contributions in accordance with regulations, with the contributions to be made up upon expiration. During this period, employees’ normal withdrawals and applications for housing provident fund loans will not be affected by the deferral. For contributors affected by the pandemic who are unable to repay their housing provident fund loans on time, no overdue status will be applied, and such cases will not be included in credit records. Regions may, based on local conditions, increase the withdrawal limits for housing provident funds used for renting to better meet actual needs.
32. Improve support policies for employment and entrepreneurship among rural-to-urban migrants and rural laborers. Strengthen fiscal and financial support for regions and industries that absorb a large number of rural-to-urban migrants. The central government will allocate 40 billion yuan in incentive funds for the urbanization of rural-to-urban migrants to promote the improvement of systems for providing basic public services at places of residence, and include eligible new urban residents in the scope of support for entrepreneurship guarantee loans. Based on national spatial planning and the number of people who settled in cities in the previous year, reasonably allocate the annual scale of new construction land for various types of towns and cities.Expand employment channels for rural laborers in their local areas. Major construction projects and workfare programs should prioritize the absorption of rural labor.
33. Improve social safety net measures for basic livelihoods. Guide localities to effectively implement the mechanism linking social assistance and security standards to inflation, ensuring subsidies are disbursed in a timely and full manner to safeguard the basic livelihoods of low-income groups.Make effective use of the 154.7 billion yuan in relief and assistance funds allocated by the central government. Hold local governments accountable and ensure that these funds are promptly and fully distributed to those in need through the direct fiscal funding mechanism. Provide living assistance to disaster victims, offer targeted support to vulnerable groups requiring assistance, and provide tailored help to those facing temporary financial difficulties.In response to the strengthened control measures in some regions due to localized clusters of COVID-19 cases, we must simultaneously advance epidemic prevention and control while ensuring the basic livelihood of the people. We must ensure the supply and stabilize the prices of daily necessities such as rice, flour, cooking oil, vegetables, meat, eggs, and dairy products. We must balance development and safety, strictly implement work safety responsibilities, conduct thorough safety inspections, strictly prevent safety accidents in transportation, construction, coal mining, and gas sectors, carry out special rectification campaigns for the safety of self-built housing, and effectively safeguard the lives and property of the people.
