"Six guarantees" refers to ensuring residents' employment, basic livelihood, market players, food and energy security, industrial chain and supply chain stability, and grass-roots operation.

Main contents:

1, the first job security for basic living:

On April 7, 2020, the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting to analyze and study the current economic situation and deploy the current economic work. For the first time, the meeting emphasized that the six aspects of "guarantee" can not be separated from the judgment of the current situation: ensuring residents' employment, ensuring people's livelihood, ensuring market players, ensuring food and energy security, ensuring the stability of the supply chain of the industrial chain, and ensuring grass-roots operation.

The meeting pointed out that the first quarter of this year was extremely unusual, and the sudden COVID-19 epidemic brought unprecedented impact to the economic and social development of China. According to the economic data in the first quarter, with the continuous emergence of the effectiveness of epidemic prevention and control, the progress of resumption of work and production has accelerated, and the decline of major economic indicators such as industry, service industry, investment, social security, import and export in March has been greatly narrowed. But overall, under the impact of the epidemic, the economic indicators in the first quarter dropped significantly. At the same time, affected by the external environment, the resumption of work and economic and social development are facing new difficulties and challenges.

"The current international epidemic is still spreading, and it is necessary for us to prepare for long-term prevention and control. This meeting is clearly the work under the premise of deploying the normalization of epidemic prevention and control, and it is the current need to coordinate epidemic prevention and control and economic and social development. " Niu Li, deputy director of the Economic Forecasting Department of the National Information Center, told this reporter.

From "six stabilities" to emphasizing six aspects of "guarantee", Niu Li believes that the core point is to pay more attention to ensuring employment and basic people's livelihood, and promote the resumption of work, business and market under the condition that the epidemic may exist for a long time, so as to respond to the challenges brought by the epidemic more accurately.

In this meeting, ensuring residents' employment and basic people's livelihood ranked in the top two respectively. In March, the national urban survey unemployment rate was 5.9%, 0.3 percentage points lower than that in February, but comprehensive analysis shows that the employment pressure is still relatively high. Under the influence of the epidemic, it is more important to protect low-income groups, especially those in difficulty.

"Residents have income when they have jobs, consumption when they have income, and a foundation for economic development." Xu Hongcai, deputy director of the Economic Policy Committee of China Policy Science Research Association, believes that ensuring employment and people's livelihood is the need to maintain economic development and social stability, and it is of practical significance to put employment first.

2. Help market participants run smoothly:

To achieve employment protection is closely related to market players. At present, China's market entities exceed 6,543.8+billion, and all kinds of market entities are not only the main force of national economic development, but also the main areas that carry residents' employment. It is equally urgent to protect market players under the epidemic situation.

Mao Shengyong, spokesman of the National Bureau of Statistics, pointed out a few days ago that from the domestic perspective, the most difficult thing to solve now is to help market players, including small and medium-sized enterprises, to give support in taxes and fees, various costs and funds to help them tide over the difficulties better. "Only by stabilizing enterprises can we stabilize employment, stabilize the economy, stabilize the economic market and ensure the smooth operation of the economy." Mao Shengyong said.

This meeting emphasizes the protection of market players and is also considered to convey confidence to entrepreneurs and entrepreneurs. So, how do relevant policies land?

Niu Li believes that the current signal is clear, and strong stimulus policies will not be adopted to deal with the international financial crisis, but more accurate and effective measures will be introduced continuously.

Strengthen macro policies to hedge the impact of the epidemic. In terms of fiscal policy, a clear and active fiscal policy should be more active and promising. Deficit ratio should be improved, special anti-epidemic bonds should be issued, and special bonds of local governments should be increased. At the same time, tax reduction and fee reduction are being vigorously promoted. In terms of monetary policy, RRR cuts, interest rate cuts, refinancing and other measures are used to maintain a reasonable and sufficient liquidity, guide the downward interest rate in the loan market, and use funds to support the real economy, especially small and medium-sized enterprises.

Niu Li pointed out that in fiscal policy, the special national debt issued for many years has been restarted, while in monetary policy, in recent years, China has been more cautious in lowering interest rates and RRR. "Therefore, overall, China has room to use policy tools, and its support in the first quarter has also increased significantly."

3, grasp the initiative of economic development:

The meeting emphasized ensuring food and energy security, ensuring the stability of the supply chain of the industrial chain and ensuring the operation of the grassroots. Many analysts pointed out that this also clearly reflects the bottom line thinking and urgency of policy arrangements.

Ensuring food and energy security-both food and energy are global strategic issues related to economic and social development. Experts pointed out that to ensure the safety of grain supply, it is necessary to do a good job in spring ploughing and preparing for ploughing at present, and the word "stable" in grain production should take the lead. In terms of energy, it is necessary to judge the epidemic situation and changes in the international energy market, coordinate the international and domestic markets, and maintain a balance between supply and demand.

Ensure the stability of the industrial chain supply chain-this is an important guarantee for returning to work and reaching production. The data shows that as of April 15, the average operating rate of industrial enterprises above designated size reached 99%, and the operating rate of small and medium-sized enterprises reached 84%. Tang Jianwei, chief researcher of the Financial Research Center of Bank of Communications, believes that only by maintaining the stability and competitiveness of China's industrial chain and supply chain, and promoting the coordinated resumption and production of industrial chain, can the initiative of China's economic recovery be in its own hands.

Ensuring grass-roots operation-grass-roots organizations have played a great role in epidemic prevention and control. Zhao Quanhou, director of the Financial Research Center of the Chinese Academy of Fiscal Science, believes that ensuring grass-roots operation means ensuring the funds for all levels of departments and public service institutions to open their doors for business, so that public services such as education, medical care, public security, water and electricity, and public transportation can operate normally. This is the basic condition for promoting the implementation of various policies and the basic requirement for safeguarding the vital interests of the masses.