Focusing on eight key points, Taiyuan City implements a package of policy measures to stabilize the economy

The "Taiyuan City Action Plan for a Package of Policy Measures to Solidly Stabilize the Economy" was announced on August 9. On the basis of fully implementing national and provincial policies, our city focused on eight key aspects such as finance and taxation, consumption, and people's livelihood, and implemented a batch of policies and measures with greater intensity, higher standards, and more detailed and practical benefits for enterprises and people.

Accelerate the implementation of fiscal and taxation policies

Our city will step up efforts to handle tax refunds and reductions for small and micro enterprises and individual industrial and commercial households and increase assistance. For example, on the basis of the current preferential policies, personal income tax will be halved for the annual taxable income of individual industrial and commercial households not exceeding 1 million yuan. At the same time, we will promote inclusive tax reductions and exemptions for small-scale taxpayers that can be enjoyed without application.

Increase support for key industries in key areas. Release transfer payment budgets as soon as possible. Arrange funds for industrial transformation and upgrading to support the transformation and upgrading of traditional industries and the development and growth of emerging industries. For example, we support the "chain owner" enterprises of our city's key industrial chains to play a core leading role, and provide graded rewards for "chain owner" enterprises whose annual operating income reaches 1 billion yuan, 5 billion yuan, and 10 billion yuan for the first time.

Our city has upgraded its independent tax reduction policy. When "individuals to enterprises" handle the transfer of land and house ownership, qualified companies will be exempted from deed tax; the policy period for the city's urban land use tax standard has been lowered twice and the policy period for the high-limit deduction of entrepreneurship and employment tax for key groups has been extended By the end of 2025.

Comprehensive support for the real economy

All financial institutions must make use of the Taiyuan Comprehensive Financial Service Platform and Taiyuan Financial Comprehensive Service Hall’s “online and offline” financing docking functions to enhance inclusive finance for small and micro enterprises. To improve service capabilities, carry out the promotion of "two lists" first loan services for small and micro enterprises and individual industrial and commercial households, and encourage financial institutions to expand their inclusive small and micro businesses.

The Taiyuan City Scientific and Technological Achievement Transformation Fund was established to focus on supporting the implementation and transformation of a number of scientific and technological achievements in the Taixin Integrated Economic Zone. The Taixin Economic Integrated Development Industry Fund was established to focus on seven major industries including new materials, high-end equipment manufacturing, and new green energy, and build a high-energy industrial ecosystem in the Taixin Integrated Economic Zone.

Our city actively participates in the establishment of the Central Shanxi Urban Agglomeration Fund to support the central urban agglomeration in infrastructure construction, industrial transfer, ecological governance, technological innovation, public service sharing and other fields. projects to help the high-quality development of urban agglomerations in central China.

Efforts to expand effective investment

Accelerate the promotion of a number of major water conservancy projects, including: Fenhe River Basin flood control capacity improvement project to improve the city's river flood control capacity; implement the "Seven Rivers" upstream ecological Governance projects to effectively improve the upstream ecological environment, etc.

Accelerate investment in transportation infrastructure. In terms of railways, we will complete the construction of the Taiyuan Railway Hub Passenger Transport West Ring Project; in terms of general aviation, we will promote the construction of the provincial aviation logistics base at Yaocheng Airport and gradually promote the construction of Yangqu General Airport; in terms of rail transportation, we will accelerate the first phase of Urban Rail Transit Line 1 Construction; in terms of expressways, accelerate the construction of the Northwest Second Ring Expressway and advance the preliminary work of the Gujiao-Loufan-Fangshan Expressway.

Accelerate municipal infrastructure construction and urban renewal. Optimize the road network structure, improve road functions, and promote the construction of municipal road infrastructure such as the south extension of Binhe East Road in the south of the city, the north extension of the Nixiang Line, and the east extension of Longcheng Street. Implement urban renewal actions, accelerate the renovation of old communities and urban villages, energy-saving renovation of existing residential buildings, installation of elevators, and construction of pedestrian bridges, implement renovation of small streets and alleys, and continue to improve the living environment.

Stimulate the vitality of the consumer market

Our city vigorously promotes the recovery of residents' consumption and continues to carry out the "Jin Qing Consumption·Enjoy Life" digital consumption coupon issuance activity. On the premise of epidemic prevention and control, normal operations of various consumption scenarios such as catering, retail, hotels, theaters, and scenic spots will be promoted.

Create a "fireworks" gathering area in the city. Upgrade and renovate the ten key business districts and characteristic blocks, focusing on building a national-level high-quality pedestrian street on Zhonglou Street. Lay out ten "night economy" (morning market) gathering areas and create more than ten county (city, district) characteristic commercial blocks (pedestrian streets). A number of convenience stalls are planned to be set up in some parks in the Sixth District of the city to stabilize and stimulate the vitality of market entities.

Meet residents’ rigid and improved home purchase needs, and build various online and offline platforms to facilitate the public’s home purchase. United Commercial Bank has set up a second-hand housing trading hall to further smooth the circulation channels for second-hand housing transactions.

At the same time, we will accelerate the raising of affordable rental housing to solve the housing problems of new citizens and young people.

Guaranteeing food and energy security

In order to ensure stable and increased food production, our city has implemented the strictest farmland protection system. We will implement the work of arable land fertility protection subsidies and the payment of one-time subsidies to the second batch of actual grain farmers. We will consolidate our food security responsibilities, strictly implement the scale of grain reserves, and ensure supply and price stability in the grain market as well as monitoring and early warning.

On the premise of ensuring production safety and ecological security, the city's coal mines will implement measures to stabilize production and increase supply in accordance with the requirements of "one mine, one policy", encourage existing production coal mines to increase intelligent transformation efforts, and stabilize coal daily production. average output. Comprehensively ensure a stable supply of coal for power generation and heating in the city.

Our city carries out the action of doubling renewable energy, vigorously develops clean energy such as wind power, photovoltaic, and biomass energy, and focuses on promoting distributed photovoltaic on rooftops in Xinghualing District and Qingxu County. Develop pilot development and construction, and accelerate wind power projects such as Ma Toushan and Dujiaoqu in Loufan County, Lingjingdian in Yangqu County, and 30MW industrial and commercial rooftop distributed photovoltaic power generation projects.

Stabilize the industrial chain and supply chain

Reduce the costs of water and electricity for market entities. For small and micro enterprises and individual industrial and commercial households that have temporary operating difficulties due to the epidemic, a policy of "non-stop supply of water, electricity, gas, etc." will be implemented, and a six-month payment deferral period will be established, which can be extended appropriately based on actual conditions. Payment deadline, late payment fees will be waived during the deferment period.

Promote the phased reduction and exemption of housing rents for market entities. Small and micro enterprises in the service industry and individual industrial and commercial households renting state-owned houses in county-level administrative areas that are listed as medium- and high-risk areas for the epidemic in 2022 will be exempted from rent for 6 months in 2022, and rent will be exempted for 3 months in other areas. Encourage smart city, science and technology parks and other parks to provide rent discounts in the form of direct reduction, refund, and contract extension.

Strictly implement the province's freight vehicle traffic policy to break up logistics bottlenecks. For freight vehicles coming from or entering the city where the epidemic is in a high-risk area, a "pick up, leave and chase" system will be implemented. We must do a good job in the health protection management of employees in mail and delivery logistics enterprises, fully implement the responsibility for disinfection at the first point of delivery and logistics, implement "six-sided disinfection", and ensure that "everyone who enters must be inspected, everything that enters must be disinfected, and everyone must be protected".

Actively stabilize foreign trade and foreign investment

Stabilize the fundamentals of foreign trade. Establish special funds for foreign trade development, increase support for the cultivation of leading foreign trade enterprises, accelerate the construction of China (Taiyuan) cross-border e-commerce comprehensive pilot zone, support foreign trade enterprises in developing the "Belt and Road" and emerging country markets, stabilize and expand foreign trade import and export scale.

Actively attract foreign investment. Increase policy support for investment in manufacturing, R&D centers and other fields, and improve the efficiency of the settlement of equity-invested foreign-funded enterprises. Provide financial incentives for the use of foreign capital entities, headquarters economies, and investments by multinational companies, and encourage existing foreign-funded enterprises to transform and upgrade into functional headquarters such as regional R&D, sales, and financial centers. The start-up time of foreign enterprises has been shortened, and the registration time of foreign-invested enterprises has been reduced to three working days.

Securing the bottom line of people’s livelihood security

Implementing phased support policies for housing provident funds. Support enterprises affected by the epidemic to postpone or reduce the payment and deposit ratio of housing provident funds in stages, increase support for housing provident fund withdrawals from rental housing, protect the housing provident fund withdrawals and loan rights of paying employees, and properly handle the overdue loans of borrowing employees affected by the epidemic .

Encourage enterprises to recruit laborers who have been lifted out of poverty and college graduates to find employment. Support poverty-stricken counties to establish various forms of poverty alleviation workshops, community factories, satellite factories, and employment stations. In accordance with the "Taiyuan City Measures to Promote Employment and Entrepreneurship of College Graduates", the "One Village, One College Student" employment plan will be promoted, and mass entrepreneurship and innovation fund rewards will be given to enterprises that absorb employment and start-ups of fresh college graduates.

Our city has improved social and people’s livelihood security measures. Strictly implement the linkage mechanism between social assistance and security standards and price increases, and issue temporary price subsidies in full and in a timely manner to mitigate the impact of price increases. We will do a good job to ensure the supply and stabilize the prices of daily necessities such as rice, flour, oil, vegetables, meat, eggs, and milk to ensure that the basic living standards of the poor people will not be reduced due to rising prices. We will do a good job in daily life assistance for disaster-stricken people and provide targeted assistance to those who have temporary difficulties in living.

Source: Taiyuan Daily