CCTV News: On May 20, the "News Broadcast" reported that since the beginning of this year, many macroeconomic policies in my country have continued to work hard and the economy has been operating well.

Many macroeconomic policies continue to work hard, and economic operation is improving in a new way

The reporter learned from a press conference held by the National Development and Reform Commission on May 20 that since this year, many macroeconomic policies in my country have continued to work hard and have achieved results, the space for domestic demand has been continuously expanded, and economic operation is improving in a new way.

From the investment perspective, in April, the National Development and Reform Commission approved 27 fixed asset investment projects with a total investment of 573.7 billion yuan, mainly concentrated in energy, agriculture, forestry, water conservancy, high technology and other fields, and the scale of effective investment has continued to expand.

Driven by the "two new" policies, as of May 5, sales of automobiles, home appliances and digital products were approximately 830 billion yuan. Next, the National Development and Reform Commission will work with the Ministry of Finance to complete the liquidation of old-for-new consumer goods funds in 2024 as soon as possible, issue subsequent fund quotas, and improve the efficiency of fund use.

In addition, my country will revise and expand the "Catalogue of Industries Encouraging Foreign Investment" and formulate policies to encourage domestic reinvestment of foreign-invested enterprises, and support foreign-invested enterprises in the areas of strengthening factor guarantees and optimizing financial support.

The purchase volume of summer grain in the new season will reach about 200 billion jin

The National Bureau of Grain and Material Reserves announced on May 20 that at present, summer grain purchases in various places are ready, and peak season purchases will be fully launched. The varieties purchased by summer grain mainly include winter wheat, early indica rice and winter rapeseed. It is estimated that the purchase volume of summer grain in the new season this year will reach about 200 billion jin.

This year, my country continues to implement the minimum purchase price policy for wheat and rice in the main production areas. The Agricultural Development Bank has initially arranged 150 billion yuan of summer grain purchase funds. The intelligent and digital construction of grain warehouses in various places is accelerating. The National Bureau of Food and Material Reserves will innovate and optimize purchase services, give full play to the role of the market, continue to stimulate the purchasing and sales vitality of multiple entities, and make every effort to ensure smooth grain sales for farmers.

From January to April, the national railway sent a total of 1.299 billion tons of goods

The reporter learned from the China Railway Group that from January to April this year, the national railway sent a total of 1.299 billion tons of goods, an increase of 3.6% year-on-year.

The transportation of key materials is highly guaranteed. Green channels have been opened for Daqin, Tangbao, Wari, Haoji and other routes, and their capacity has continued to increase. From January to April, the national railway sent 672 million tons of coal, and the coal storage in railway direct power plants remained at a high level.

The quality of logistics services continues to improve. Railway transportation companies have expanded cooperation with shipping companies to develop 119 multimodal "one-order" products to reduce the entire logistics costs. From January to April, the national railway sent a total of 5.381 million TEUs of rail-water container cargo, an increase of 19.1% year-on-year.

Cross-border cargo transportation is stable and smooth. From January to April, China-Europe freight trains remained stable, with a total of 4,725 freight trains running in Central Asia, an increase of 21% year-on-year. The China-Laos Railway has sent a total of 1.976 million tons of cross-border goods, an increase of 7.6% year-on-year, effectively promoting international economic and trade exchanges.

In April, my country's cross-border funds showed a net inflow of overall cross-border funds

The latest data from the State Administration of Foreign Exchange showed that in April, the net inflow of cross-border funds in non-bank sectors such as enterprises and individuals was US$17.3 billion. Among them, the net inflow of cross-border funds under the trade of goods was US$64.9 billion, maintaining a relatively high scale; in April, foreign capital increased its holdings of domestic bonds by US$10.9 billion, showing net increase in holdings of domestic bonds for three consecutive months. my country's cross-border funds generally show net inflows, and foreign capital's willingness to allocate RMB assets continues to improve.

The quotation interest rate of the loan market fell by 10 basis points in May

On May 20, the latest loan market quotation interest rate (LPR) was released, falling to 3% for one year and to 3.5% for more than five years, both of which fell by 10 basis points, which will further reduce the financing costs of enterprises and residents, boost market confidence, and support the stable growth of the real economy.