Relief effects of some service industries in Zhejiang are among the top in China


This summer, there is a blowout in summer consumption, and the queue in front of restaurants reappears. The latest July data shows that the province’s total retail sales of consumer goods maintained a recovery trend, with a year-on-year increase of 9.2%. Among them, the retail sales of goods increased by 10.0%, the catering revenue increased by 3.1%, and the growth rate was 2.3% higher than that of the previous month.

What stimulates the recovery of the service industry is a dose of “effective medicine” in policy. Since the beginning of this year, in order to effectively cope with the unexpected impact on the service industry, our province has introduced 53 relief measures for the service industry, and has successively increased the scope and intensity of policy support several times. Among them, the implementation of key indicators such as rent reduction and exemption for state-owned houses, tax reduction and fee reduction, subsidies for epidemic prevention expenditures, corporate bond issuance, financing guarantees, and refund of travel deposits are among the top in the country.

To promote the service industry to “revitalize”, the rescue strategy must be “motivated” and even more “smart”. We must not only implement inclusive policies such as reduction and exemption of value-added tax, state-owned housing rent, and tax refund, to benefit more market players; but also implement support measures for industries such as catering, retail, tourism, civil aviation, highways, waterways and railways, and support companies in key areas with conditions to issue corporate credit bonds, so as to enrich financing channels and relieve capital pressure.

According to statistics, from January to July, the province has reduced taxes, fees and rents for the service industry by a total of 27.97 billion yuan, benefiting 1.275 million service industry enterprises, effectively reducing the production and operation burden of enterprises; The year-on-year growth rates of credit balance in wholesale and retail, accommodation and catering, and transportation industries reached 17.9%, 9.9%, and 11.5% respectively. In addition, in order to promote consumption and stimulate domestic demand, 11 districted cities have issued a total of 4 billion yuan of consumer coupons this year, driving consumption of more than 40 billion yuan.

After several rounds of policy increase, the positive effects of supportive measures are gradually superimposed, and the market is expected to show signs of repair and stabilization. From January to June, the tourism prosperity index of our province was 74.9, a month-on-month increase of 11.4%, of which the entrepreneur confidence index was 105.7, returning to positive the first time this year; In June, the business activity index returned to the expansion range, and continued to remain in the expansion range in July, showing a strong recovery trend.


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