Anhui Province Planning Supply Side Reform "Zombie Enterprise" Into The Current Problem

Learned from the Anhui provincial development and Reform Commission, in 2016, Anhui will focus on the five major measures to deal with the "zombie enterprise" and accelerate the matching of supply structure and demand structure.

The balance and stability.

Anhui demands that enterprises in these difficult enterprises should adhere to the main body of enterprises, government promotion, market guidance and disposal according to law. In accordance with the requirements of "incremental improvement, revitalizing the stock and actively reducing the volume", we should actively and prudently guide excess capacity reduction on the supply side, and achieve market clearing through mergers and acquisitions, debt restructuring and bankruptcy liquidation.

Second, we should effectively reduce the cost of enterprises.

We should fully implement the cost reduction actions of the entities in the real economy, reduce the unreasonable fees, especially the monopoly intermediary service charges, reduce the electricity price, reduce the logistics cost, and reduce the burden of enterprises' taxes and fees.

In addition, we must pay attention to prevention and control.

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Properly resolve local government debt and promote the market pformation of government financing platform.

We should strengthen the management and prevention of debt default risks of key industries, and actively carry out special rectification of Internet financial risks.

According to Zhang Shaochun, director of the Anhui provincial development and Reform Commission, in 2016, it focused on the five major objectives and tasks: "going to capacity, going to inventory, deleveraging, reducing costs and making up short boards".

Five measures should be taken to promote structural reform of supply side. The first task is to actively and safely deal with "zombie enterprises".

After preliminary statistics, there are more than 1040 enterprises in Anhui, such as iron and steel, coal and so on, which need to solve the excess capacity. Among them, there are 126 medium-sized enterprises above designated size.

It is reported that Anhui will also strive to resolve the real estate inventory.

At present, the real estate inventory level of some cities and counties in the province is relatively high. Next, we will make efforts from the two sides of "supply" and "demand", so as to raise the level of household registration urbanization as the breakthrough point, vigorously develop the housing rental market, increase the greenhouse to reform the monetization reform, and boost market expectations.

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From the steady growth of manufacturing PMI and the further enhancement of the trend of non manufacturing PMI, December 2015 showed signs of moderate recovery. The fourth quarter economic performance is relatively good, which is conducive to the new start of the new year.

Zhao Qinghe, Senior Statistician of the National Bureau of Statistics Service Industry Survey Center, thinks that the manufacturing PMI has been narrowing below the critical point recently.

It shows that both supply side and demand side are both warming up, consumer demand continues to release, consumer goods manufacturing industry is growing steadily, and the upgrading of industrial structure is constantly advancing.

With the recovery of production, the purchasing intention of enterprises has been enhanced.

From the fourth quarter PMI index, slightly below 50%, the trend is more stable.

In October, it was flat in September, slightly lower in November, and rebounded in December, with an average level of 49.7%, slightly lower than the three quarter.

Chen Zhongtao, an analyst with China Logistics Information Center, said that from the perspective of PMI, the fourth quarter economic operation showed a "stable and double fast" basic characteristics: first, the overall operation situation was basically stable; two, innovation driven acceleration and consumption driven enhancement; three, the rapid adjustment of traditional industries such as high energy consumption, and the improvement of supply quality.

According to different industries, the PMI index of high technology industry and consumer goods industry is relatively high, and the trend is also relatively stable.

The high energy consumption industry has stepped down.

Due to the acceleration of excess traditional industries adjustment, the acceleration of production capacity and stock expedite, the market supply and demand relationship tends to improve, and the gap between the production index and the new order index is narrowing gradually.

For the change of the PMI sub index, Zhang Liqun, a researcher at the State Council Development Research Center, said that the index of new orders, export orders and backlog orders increased, the finished product inventory index declined, the purchase volume and import index increased, reflecting that the inventory level declined as the market demand increased, and the production and business activities of enterprises recovered.