On September 17, the Information Office of the Provincial Government held a press conference on "Henan Province Implements the State Council's Policy to Stabilize Economic Continuity", introducing and interpreting the relevant situation of the province's implementation of the State Council's policy of stabilizing economic continuity.
At the press conference, Fei Quanfa, the second-level inspector of the Provincial Department of Commerce, introduced the achievements of our province in "promoting consumption and stabilizing foreign trade" this year.
Since the beginning of this year, the province's foreign trade has continued to grow steadily, and the consumption potential has gradually recovered. In the first seven months, the province's total retail sales of consumer goods was 1.37 trillion yuan, a year-on-year increase of 0.6%, 0.8 percentage points higher than the national average; in the first eight months, the province's foreign trade import and export reached 517.56 billion yuan, a year-on-year increase of 8.4%. The volume ranks first in the middle.
Fei Quanfa introduced that in the face of the current complex and severe economic situation at home and abroad, stabilizing foreign trade and promoting consumption still face many uncertain and unstable factors. There are 5 policies and measures for promoting consumption in the commercial field and 3 policies and measures for stabilizing foreign trade.
More power. All localities are encouraged to issue consumer coupons for key areas such as commodity retail, catering, accommodation, cultural tourism, health care, sports, etc., and the provincial finance's actual write-off of financial funds for local governments has been increased from 20% to 30%. For newly purchased cars in the province, a consumer subsidy will be given at 5% of the purchase price (the uniform invoice for motor vehicle sales including tax), with a maximum of 10,000 yuan per unit, plus the purchase tax halved, a car of 200,000 yuan, Up to 20,000 yuan can be discounted.
The execution period is longer. The provincial financial incentive and subsidy policy will continue to be implemented from the end of June and the end of September to the end of December. For taxpayers engaged in second-hand car dealerships who sell their purchased second-hand cars, a reduced value-added tax of 0.5% will be levied, and the policy will be implemented until the end of December 2023.
Policy update. To implement the national policy of succession, the province has introduced new policies and measures. In terms of developing the platform economy, competitive and advantageous platform companies are encouraged to build new central warehouses, distribution warehouses, and front-end warehouses, and 20% of the fixed asset investment will be subsidized. The maximum subsidy for a single warehouse is 3 million yuan, 2 million yuan, 1 million yuan. In terms of expanding the export of new energy vehicles, according to the scale of investment and expected foreign trade contribution of enterprises, a one-time reward will be given according to the method of "one case, one discussion", and the maximum support amount for a single enterprise does not exceed 10 million yuan. In terms of supporting enterprises to explore the international market, small, medium and micro foreign trade enterprises with an annual foreign exchange settlement and sales scale of less than US$6 million are included in the scope of exchange rate hedging products.
Mechanism update. The provincial finance has been adjusted from the original write-off of the local finances, and then the awards and subsidies, to the pre-allocation first and the liquidation later, so that the city and county finances are more autonomous and confident, and they are free to promote consumption.
Fei Quanfa also introduced that our province will strive to increase the total retail sales of consumer goods throughout the year by 1.5 percentage points higher than the national average, and the total foreign trade import and export volume will exceed 900 billion yuan.
