A package of policies and measures to stabilize the economy has been released, and textile enterprises should pay attention to it.

Since this year, the strong leadership of the CPC Central Committee with comrade xi for the core, strong regional departments as a whole the epidemic prevention and control and economic and social development, according to the central economic work conference and the government work report deployment, solid to do a good job of "six stability", the full implementation of "six protect" task, the overall implementation of China's economic operation smooth start. At the same time, COVID-19 and the Ukraine crisis have led to increased risks and challenges. China's economic development environment has become more complex, severe and uncertain, and China faces new challenges in maintaining stable growth, employment and prices.

To prevent the epidemic, stabilize the economy and ensure safe development are the explicit requirements of the CPC Central Committee. To adhere to xi jinping, a new era of socialism with Chinese characteristics thoughts as the instruction, complete, accurate, comprehensive implementation of new development concept, speed up the building of new development pattern, promote the development of high quality, high efficiency as a whole the epidemic prevention and control and economic and social development, to the greatest extent to protect people's life safety and body health, outbreak of minimizing the impact on the economic and social development, overall development and security, We worked hard to achieve the targets set for this year's economic and social development.
In order to fully implement the decisions and plans of the CPC Central Committee and The State Council, The State Council today issued a package of policies and Measures to stabilize the Economy. The circular made it clear that all departments should closely coordinate and cooperate to form synergy, and follow 33 specific policies and measures in six areas as outlined in the Package of Policies and Measures for Steadfastly Stabilizing the Economy, as well as their division of labor. Accelerate the progress of fiscal expenditure; We will accelerate the use of special bonds issued by local governments and expand the scope of support. We will make good use of government financing guarantees and other policies. We will make good use of government financing guarantees and other policies.
For textile industry enterprises, the following aspects and measures deserve attention: (Note: the content has been deleted)

Fiscal policy

We will further increase the policy of setting aside VAT as tax rebates. In manufacturing, scientific research and technical services, has a gas and water, electricity, heat production and supply industry, software and information technology services, ecological protection and environmental governance, civil aviation transportation, warehousing and postal service six industries such as tax credits to refund of the stock and increment tax credits on a monthly basis to refund the, based on the research to wholesale and retail, Farming, forestry, animal husbandry, fisheries, accommodation and catering, resident services, repair and other services, education, health and social work, culture, sports and entertainment and so on seven industries included in the monthly refund the total increment for tax credits, one-time refund the total stock of tax deduction policy scope, leave for tax refund is estimated to increase by RMB 142 billion yuan. We will expedite the issuance of tax credits for small and micro businesses as well as individual industrial and commercial households, and step up assistance. Based on taxpayers' voluntary applications, we will basically complete the centralized refund of outstanding tax credits by June 30. The total amount of new tax refunds issued by various tax rebate policies this year has reached about 1.64 trillion yuan. We will strengthen prevention of tax refund risks and severely punish tax evasion and tax fraud in accordance with the law. We will make good use of government financing guarantees and other policies. This year, the state Financing Guarantee Fund will increase its re-guarantee cooperation business by over 1 trillion yuan. We will encourage government financing guarantee institutions to provide financing guarantee support to eligible micro, small and medium-sized enterprises and individual businesses in the transportation, catering, accommodation and tourism industries. They will promptly fulfill their obligations as compensation, and encourage financial institutions to lend as soon as possible, instead of blindly withdrawing, withholding or cutting off loans. And the above qualified financing guarantee business will be included in the cooperation scope of reguarantee of the State Financing Guarantee Fund. We will fully implement the central government's policy of reducing incentives and subsidies for financing guarantees for small and micro businesses, and plan to allocate 3 billion yuan to support financing guarantee institutions in further expanding the scale of financing guarantee businesses for small and micro businesses and reducing financing guarantee rates. We will encourage local governments, where conditions permit, to provide periodic subsidies for insurance premiums for small businesses supporting farmers. We will increase government procurement to support small and medium-sized enterprises. The deduction rate for small and micro enterprises will be increased from 6-10% to 10-20%. In government procurement projects, we should implement government procurement policies to promote the development of small and medium-sized enterprises, rationally divide procurement packages based on the characteristics of projects, types of specialties and fields of expertise, actively expand consortium bidding and subcontracting by large enterprises, lower the threshold for small and medium-sized enterprises to participate, adhere to open, fair and fair competition, and follow uniform quality standards. We will increase the proportion of purchases made by small and medium-sized enterprises from more than 30 percent to more than 40 percent this year, give preferential reviews to small and micro enterprises for non-reserved projects, and increase the size of contracts for small and medium-sized enterprises. We will expand the policy of deferment of social insurance premiums. On the premise of ensuring that all social insurance benefits are paid in full and on time, all small, medium and micro enterprises and individual businesses in eligible areas with temporary difficulties in production and operation due to the impact of the epidemic, the payment of contributions from three social insurance units will be suspended for a period until the end of this year. In the retail, catering, tourism, civil aviation, highway, waterway 5 strands industry such as railway transport of delay capture three social security policy implementation phases, on the basis of the outbreak severely impact, a large area inside the industry enterprise production and management difficulties, in line with national industrial policy oriented things the other industry, expand the delay payment policy implementation, The period for deferment of pension premiums will be extended to the end of this year. We will increase support for maintaining stable posts. We will improve the unemployment insurance policy for stable job refunds, further increase the rate of refunds, and raise the rate of refunds for large enterprises from 30 percent to 50 percent. We will expand the coverage of unemployment insurance subsidies for workers to cover all small, medium and micro enterprises that are temporarily unable to operate due to the severe impact of the epidemic. Enterprises that recruit college graduates who sign labor contracts and participate in unemployment insurance can issue one-time post expansion subsidies of no more than 1,500 yuan per person. Specific subsidy standards are determined by each province, and one-time employment subsidies are not repeated. The implementation period of the policy is until the end of this year.

Monetary and financial policies

We encourage deferred repayment of principal and interest on loans to micro, small and medium-sized enterprises, individual businesses, truck drivers, and personal housing and consumer loans affected by the epidemic. Commercial banks and other financial institutions will continue to independently negotiate with micro, small and medium-sized enterprises (including business owners), individual industrial and commercial businesses, and truck drivers in accordance with market principles to postpone the repayment of principal and interest on their loans to the fullest extent possible. In principle, the date of this extension will not exceed the end of 2022. The financial subsidiaries of central automobile enterprises should play a leading and exemplary role and provide a six-month postponement to support the repayment of principal and interest on consumer loans for commercial trucks issued before June 30, 2022. For those who have been hospitalized or quarantined due to COVID-19, who have lost their source of income due to the epidemic, financial institutions will flexibly adjust their repayment plans by reasonably postponing the repayment time, extending the loan term and delaying the repayment of principal for their existing personal housing and consumption loans. For extended loans, we will adhere to the judgment of substantial risk, do not reduce the risk classification of loans solely due to the epidemic factors, do not affect credit investigation records, and waive penalty interest. We will increase support for small and micro loans made by The Universal Credit Program. We will continue to increase the amount of small re-loans for agricultural support. Pratt & Whitney small micro lending support tools of funding ratio from 1% to 2%, by the People's Bank of China according to relevant legal person bank pratt &whitney little micro loan balance increment (including pratt &whitney formed through deferred debt servicing small micro loan) 2% of the funding support, better guide and support local legal person bank lending for small micro pratt &whitney. We will guide financial institutions and large enterprises in supporting financing such as the pledge of accounts receivable of micro, small and medium-sized enterprises. We will promptly revise the system to shorten the term of acceptance of commercial bills of exchange from one year to six months, increase support for rediscount, and support the integrated development of large, small and medium-sized enterprises through supply chain financing and bank-enterprise cooperation. We continued to push real lending rates down steadily. Good in early fall quasi funds, expand the supply of credit, on the basis of fully give play to the role of market interest rate pricing self-discipline mechanism, sustained release loan market price reform of interest rate formation mechanism (LPR) efficiency, play a role of deposit interest rate marketization adjustment mechanism, and guide financial institutions to deposit interest rates down side effect to loans, continue to promote the actual drop in lending rates steady. We will improve the efficiency of capital market financing. Scientifically and reasonably grasp the normalization of initial public offering and listing (IPO) and refinancing. We will support mainland enterprises in listing in Hong Kong, and encourage qualified platform enterprises to list overseas in accordance with the law and regulations. We will continue to support and encourage financial institutions to issue financial bonds, establish a green channel of bonds for agriculture, rural areas, farmers, small and micro businesses, and green and entrepreneurial finance, and provide financing support for enterprises in key sectors. We will urge and guide the infrastructure of the inter-bank bond market and the exchange bond market to comprehensively sort out charges, and exempt private enterprises from bond financing transaction fees, thus further sending a signal of support to private enterprises.

Policies to stabilize investment and promote consumption

We will stabilize and expand private investment. We launched the formulation of a national plan for major infrastructure development, carried out trials for high-quality infrastructure development, vigorously and orderly carried out the implementation of the 102 major projects planned for the 14th Five-Year Plan, and encouraged and attracted more private capital to participate in major national projects. We will give preference to consortiums of large, medium and small enterprises in tendering and bidding projects for supply chains, and encourage private enterprises to give full play to their advantages to participate in tackling key problems. In 2022, an additional 500 or so specialized new "little Giant" enterprises will be supported. Private investment will be encouraged to participate in the construction of projects in key areas through comprehensive development, with the focus on urban infrastructure. Promote the standardized and healthy development of the platform economy. We will introduce specific measures to support the standardized and healthy development of platform economy, set up "traffic lights" on the premise of preventing disorderly expansion of capital, maintain market competition order, and promote the standardized and healthy development of platform economy through fair competition. Give full play to the role of platform economy in stabilizing employment, stabilize the development expectations of platform enterprises and their co-existing small, medium and micro enterprises, and use the development of platform enterprises to drive the rescue of small, medium and micro enterprises. Platform enterprises will be guided to do a good job of online and offline cooperation in the "last mile" of protecting epidemic prevention materials and important commodities for people's livelihood. We will encourage platform enterprises to speed up breakthroughs in technological research and development in artificial intelligence, cloud computing, blockchain, operating systems, processors and other fields.

Policies to ensure the stability of industrial and supply chains

We will reduce the cost of water, electricity and Internet for market entities. We will fully implement the policy of "continuous unpaid supply of water, electricity and gas" for small and micro enterprises and individual businesses temporarily affected by the epidemic, and set up a six-month delay period for payment of water, electricity and gas, which can be further extended based on local conditions. During the delay period, late fees for unpaid water, electricity and gas will be exempted. We will guide local governments to subsidize water and electricity expenses of micro, small and medium-sized enterprises and individual industrial and commercial households. We will review and standardize charges for urban water, power, gas, and heating industries, abolish unreasonable charges, standardize government pricing and business operators' pricing, and implement a billing system for retained charges. In 2022, average broadband and dedicated service rates for msmes will be cut by another 10 percent. In tendering and bidding, letter of guarantee (insurance) will be introduced in place of cash to pay guarantees for bidding, contract performance and project quality, and tenderers will be encouraged to exempt bidders from bidding guarantees for small, medium and micro enterprises. We will promote periodic reductions or reductions in housing rents for market entities. In 2022, three to six months of rent will be reduced or exempted for small and micro businesses in the service sector and individual businesses renting state-owned housing. If the lessor reduces or exempts the rent, the property tax and urban land use tax of the current year can be reduced or exempted according to the regulations, and the state-owned bank shall be guided to provide the lessor with preferential interest rate pledge loan and other support as needed. Non-state - owned housing rent reduction can enjoy the same preferential policies. We will encourage and guide local governments to take more practical and effective measures to reduce or exempt housing rents for market entities in light of their actual conditions. We will optimize policies for enterprises to resume work and meet production requirements. Epidemic in high-risk areas to establish and improve operation security, epidemic prevention material production enterprise, continuous production operation enterprise, industry chain supply chain enterprises, major foreign companies of foreign trade and specialization, "new" resume work reaches producing small and medium-sized enterprises and key enterprises "white list" system, timely summary promotion "peer-to-peer" transportation, not meet the handover, the green channel, such as experience of practice, We will refine and finalize measures for enterprises on the "whitelist" of services, promote inter-ministerial and inter-regional recognition, and work together to encourage industrial and supply chain enterprises to resume production. We will actively guide all regions to fulfill their territorial responsibilities, encourage qualified enterprises to carry out closed-loop production in the event of an epidemic to ensure stable production, and do not require them to suspend production in principle. Local governments of enterprises should provide guidance on epidemic prevention and control, strengthen services for employees' return to work, logistics support and upstream and downstream connections, and minimize the impact of the epidemic on normal production and operation of enterprises. We will improve policies to ensure access to transport and logistics facilities. Restrictions on the movement of freight vehicles from low-risk areas have been lifted to remove logistics bottlenecks in the manufacturing sector and speed up the inventory of finished products. It is not allowed to block or close the locks of expressways, ordinary highways and channel without authorization. It is strictly prohibited to isolate county and rural roads, and it is not allowed to close the service areas of expressways, ports and wharves, railway stations and civil transport airports without authorization. Restrictions on the normal movement of people in low-risk areas are strictly prohibited. The system will be implemented for freight vehicles coming from or entering cities where high-risk areas are located. When passenger and freight drivers, couriers and crew members go to other places for nucleic acid and antigen tests free of charge, the local government will treat them as local residents and enjoy the same policy, and the necessary expenses will be covered by local finance. Coordinate and increase support for logistics hubs and logistics enterprises. Speed up the construction of Ningbo Zhoushan bulk commodity storage and transportation base, and carry out the overall layout planning study of bulk commodity storage and transportation base. In 2022, the central government will allocate around 5 billion yuan to support selected key national hub cities in order to enhance their capacity for cargo distribution, storage, transit transportation, and emergency support, guide and accelerate the integrated development of multimodal transport, and reduce the cost of comprehensive freight transportation. In 2022, the central government will allocate about 2.5 billion yuan for the development of the service sector to support the construction of a supply chain system for agricultural products, and about 3.8 billion yuan to support the development of county businesses. We will accelerate the implementation of a 100 billion yuan reloan policy for transportation and logistics, support financing for transportation and logistics enterprises, and increase support for stabilizing supply chains with structural monetary policy tools. We will support the construction of a number of small cold storage and preservation facilities in major agricultural production areas and areas with advantages for specialty agricultural products, and promote the construction of a number of cold chain distribution centers for production and marketing. We will accelerate major foreign investment projects and actively attract foreign investment. On the basis of the major foreign investment projects that have been included in the special work class and opened up a green channel for promotion, we will give full play to the leading role of major foreign investment projects, and as soon as possible demonstrate the launch of major foreign investment projects with large investment amount, strong driving role and wide coverage of the upstream and downstream of the industrial chain. We will accelerate the revision of the Catalogue of Industries for Encouraging Foreign Investment, guide more foreign investment in advanced manufacturing and scientific and technological innovation, as well as in the central and western regions and northeast China, and support foreign investment in setting up new and high technology RESEARCH and development centers. We will further expand cross-border financing channels for enterprises, and support qualified high-tech and specialized new enterprises in carrying out trials to facilitate foreign debt quotas. We will establish and improve regular exchange mechanisms with foreign business associations and foreign-funded enterprises in China, actively solve problems such as facilitating foreign enterprises to do business in China, and further stabilize and expand foreign investment.

Policies to ensure basic living standards

We implemented the policy of providing periodic support to the housing provident fund. Enterprises affected by the epidemic can apply for deferment of the payment of housing provident fund according to regulations, and make up the payment when it is due. During this period, deposit workers normally withdraw and apply for housing provident fund loans, not affected by the delay. Those affected by the epidemic who are unable to repay their housing provident fund loans will not be overdue and will not be included in the credit investigation records. Each region can increase the amount of housing provident fund for renting according to the local actual situation, to better meet the actual needs. We will improve policies to support rural migrant workers in finding jobs or starting their own businesses. We increased fiscal and financial support for regions and industries that attract more rural migrant workers, and allocated 40 billion yuan from the central government to grant permanent residency to rural migrant workers in order to improve their status