The Chinese government said on Tuesday (Oct 8) that it is confident of achieving its full-year growth target as it introduced new measures including a 200 billion yuan budget spending to revitalise its sluggish economy.
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00:00In fact, in the support of the local government special debt just now,
00:05the third is an active exploration of the model of innovation financing.
00:08The National Development and Reform Commission will vigorously implement the employment priority strategy,
00:13strengthen the coordination and cooperation of macro-policy,
00:16guide the establishment of the right employment officials,
00:18and insist on relying on development to promote employment.
00:21The first is to expand the effective demand to create new employment growth points,
00:25play a leading role in the investment in the central budget,
00:29and stimulate the vitality of private investment.
00:33The second is to accelerate the implementation of major measures such as two-weight and two-heart,
00:37and increase the knowledge intensity of projects that absorb good employment effects.
00:40The third is to enhance the employment creation effect of the new industry,
00:45develop new production capacity,
00:47cultivate the new generation of information technology,
00:50energy-saving environment, biotechnology, new materials, new energy,
00:54and other strategic new industries and future industries,
00:57create more knowledge-based positions,
01:00expand the employment space of the life-service industry,
01:04create innovative development service consumption,
01:08and accelerate the cultivation of new scenarios of consumption.
01:11We must vigorously develop the silver economy,
01:13and must fully release the employment potential in the field of social services,
01:18such as retirement, households, employment, logistics, etc.
01:22We will submit a list of 1,000 billion two-weight construction projects next year
01:26and a plan for investment in the central budget of 1,000 billion yuan.
01:29We plan to submit the two 1,000 billion projects by the end of this month.
01:33The projects involved have been carefully selected by the relevant departments of the Development and Cooperation Committee.
01:40They are in line with the conditions of the preliminary work,
01:44and can form a food workload within the year as soon as possible.
01:47As for the 102 major projects,
01:49the specific projects involved are 5,100 sub-projects.
01:5292% of the projects have been started or completed.
01:58Next, we will further strengthen the coordination strength,
02:02strengthen the responsibilities of all parties,
02:04strengthen funding support and element resource guarantee,
02:07and promote the construction of 409 projects that have not yet been started.
02:12By the end of next year,
02:14the 102 major projects have been successfully completed,
02:18and the investment in the central budget of 7,000 billion yuan has been paid.
02:21At present, the project launch rate is 58%.
02:24Of the 10,000 billion yuan of long-term national debt,
02:277,000 billion yuan has been spent on two projects,
02:31and the project launch rate is 50%.
02:34In addition, the local government special debt of 3.12 trillion yuan has been spent on projects this year.
02:42At present, by the end of September,
02:44the total amount of 2.83 trillion yuan has been issued,
02:47and the issuance rate is 90%.
02:50The project launch rate is 85%.
02:53In addition, the major infrastructure projects,
02:56such as nuclear power and railway, have also made new progress.
03:00We have also organized a selection of projects
03:03that focus on private investment nationwide.
03:06There are a total of 189 projects,
03:08which mainly help to coordinate and solve major problems such as fund element guarantee.
03:12At the same time, we will regulate the implementation of new mechanisms
03:15of government and social capital cooperation,
03:17and focus on the payment of users.
03:19All projects will adopt a special management model,
03:21and prioritize to support the participation of private enterprises.
03:24We have also announced a number of new PPP mechanism demonstration projects to the public.
03:29The total investment is 1.4 billion yuan.