Economy

Observing the New Changes in People's' Money Bags' from the Local Two Sessions in 2025

2025-01-23   

In recent days, 31 provinces, regions, and municipalities across the country have successively held local two sessions, and policy arrangements closely related to economic growth, income, consumption, rural revitalization, and the "money bag" of the people have been freshly released. What benefits and changes will ordinary people experience in terms of household income and expenditure in 2025? Stable growth: Clarify development goals and propose practical measures to consolidate and enhance the positive trend of economic recovery. Many regions have set positive growth targets. Many places have set the economic growth rate for 2025 at around 5% or above. Beijing, Guangdong and other regions have set a target for a regional GDP growth rate of around 5% by 2025; Zhejiang, Hunan, Jilin and other regions have set this target at around 5.5%, while Fujian has set this target at 5.0% to 5.5%; The economic growth targets for Hubei, Inner Mongolia, and Xinjiang have reached around 6%, while Hainan has exceeded 6%. To this end, Zhejiang Province has made it clear that it will deepen the implementation of the "Thousand Trillion" project to expand effective investment; Arrange more than 1000 major projects and complete an annual investment of over 1 trillion yuan. Beijing will continue to stimulate the vitality of private investment and promote major projects with a total investment of no less than 200 billion yuan to private capital. Guangdong Province proposes to promote the high-quality development of foreign trade, support enterprises to grab orders, and expand the export of electronic information, smart home appliances, electric vehicles and other products; Promote innovative development of events such as the Canton Fair, High Tech Fair, and China International Fair, and successfully host the "Guangdong Trade Global" exhibition; Support foreign trade enterprises to become stronger and better, cultivate a group of local supply chain enterprises, port logistics enterprises, international distributors and agents. Foreign trade plays an important role in stabilizing growth. Chen Lingli, a member of the Guangdong Provincial Political Consultative Conference and vice chairman of the Guangdong Provincial Committee of the China Democratic Construction Association, suggested that in order to promote high-quality development of foreign trade, accelerate the construction of comprehensive service bases for Chinese enterprises to "go global", increase support for overseas warehouse enterprises, and improve the overseas comprehensive service system. Cultivate new quality productivity in foreign trade and promote the transformation of the foreign trade flagship product matrix from "new three types" to "new diversity". Promoting income growth: How much can the income growth rate be when the middle and low-income groups increase their income and reduce the burden on the people's "wallets"? Various regions have set economic growth targets and set goals for per capita disposable income growth to synchronize with or exceed economic growth. The work report of Tianjin Municipal Government proposes that the growth of per capita disposable income of residents should be synchronized with economic growth; Strengthen the protection of the rights and interests of workers in flexible employment and new forms of employment, and promote the increase of income and reduction of burden for low - and middle-income groups. Jilin Province proposes that the per capita disposable income growth rate of urban and rural residents is higher than the economic growth rate; Implement the action to increase farmers' wage income, with a wage income increase of over 20%. Hainan Province has clearly stated that the per capita disposable income of urban and rural permanent residents will increase by about 6.5% and 7.5% respectively. The increase in income and reduction of burden for low - and middle-income groups have appeared multiple times in this year's local government work report. Beijing will promote the increase of income for low - and middle-income groups, appropriately raise the basic pension for retirees, and increase the basic pension for urban and rural residents. Guangdong, Guangxi, Shanxi and other places have all mentioned promoting income increase and burden reduction for low - and middle-income groups; On this basis, Guangxi also clearly needs to improve the mechanism for normal wage growth of workers. Zhou Dawei, member of the Standing Committee of the Hainan Provincial Political Consultative Conference and Chairman of the Hainan Agricultural Exchange Association, said that the government work report clearly states the growth rate of residents' income, reflecting the concept of "putting the people at the center of everything", and should promote coordinated income growth between urban and rural residents through secondary distribution. Gou Baoping, a representative of the People's Congress of Gansu Province and director of the Civil Affairs Department of Gansu Province, said that ensuring the income and burden reduction of the middle and low-income groups is a guarantee for promoting common prosperity for all people. It is necessary to continuously strengthen the dynamic monitoring and assistance of the middle and low-income population, form a multi-level, differentiated, and relatively complete social security system, and make greater efforts to enhance the well-being of the masses. Expanding consumption: The "two new" policies will expand and upgrade the scope of benefits, and by 2024, with large-scale equipment updates and the implementation of the "trade in" policy for consumer goods, more and more high-quality consumer goods will enter millions of households, allowing tangible discounts to fall into the pockets of ordinary people. What is the direction of the "two new" policies this year? Hebei Province has proposed to strengthen the implementation of the "two new" policies to promote bulk consumption of automobiles, household appliances, housing, and other commodities. Zhejiang Province has made it clear that it will continue to promote the exchange of old for new consumer goods such as automobiles, mobile phones, home appliances, and electric bicycles, as well as the upgrading of medical equipment, elevators, and other devices. It will optimize policy design, subsidy procedures, and payment methods to expand policy benefits. Jiangsu Province will also strengthen the implementation of the "two new" policies and optimize subsidy methods. Hunan Province is promoting the special action to boost consumption and continues to implement a series of consumer promotion activities such as "trade in". Moreover, new and high-quality consumption will also enrich residents' consumption experience. Tianjin has clearly stated that it will promote the consumption of services such as cultural tourism, health, elderly care, silver hair care, childcare, and home economics, and expand new types of consumption such as digital, green, and intelligent. Beijing proposes to strengthen the implementation of the "two new" policies to promote green and information consumption such as new energy vehicles and digital products; Increase the supply of high-quality services such as childbirth, elderly care, beauty, and health. Fan Gaoman, a member of the Hainan Provincial Political Consultative Conference, said that in order to cultivate and strengthen new types of consumption, in addition to holding large-scale events, attention should also be paid to researching and introducing a series of supporting policies to attract more consumption, promote the upgrading of the service industry, and increase residents' employment and income. Promoting Revitalization: Continuously Consolidating and Expanding the Achievements of Poverty Alleviation 2025 is the last year of the 5-year transition period between consolidating and expanding the achievements of poverty alleviation and effectively connecting them with rural revitalization. Various regions have clarified new measures to promote revitalization. The work report of Shaanxi Provincial Government proposes to promote the comprehensive revitalization of rural areas and create 500 demonstration villages for the "Ten Million Project". Jiangxi Province will deepen the construction of national urban-rural integration development pilot zones and promote the extension of urban infrastructure and public services to rural areas. Xinjiang proposes to deeply tap into rural characteristic resources, implement brand strategies, cultivate new industries and formats in rural areas, continuously consolidate and expand the achievements of poverty alleviation, and do everything possible to broaden channels for increasing farmers' income. Hunan proposed to promote the increase of farmers' income and common prosperity, continuously consolidate and expand the achievements of poverty alleviation, and effectively link them with rural revitalization. Yunnan also mentioned the implementation of a new round of three-year action to promote agricultural income growth, and the scale of poverty alleviation labor force transfer and employment remains above 3.2 million. Zhou Shengyi, a representative of the Hunan Provincial People's Congress and the county mayor of Longshan County, Hunan Province, stated that he will actively explore a mechanism for hierarchical and classified assistance for low-income groups; For low-income groups with the ability to work, on the basis of ensuring basic living, we can enhance their "hematopoietic" ability through developing characteristic industries, conducting skills training, organizing job transfers, and other means; For those without the ability to work, comprehensive social security is provided to ensure a worry free basic life. (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:XinhuaNet

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