What did the government work report say to the lithium industry in 2018?

A meeting of the 13th National People's Congress opened at 9:00 am on the 5th at the Great Hall of the People. On the behalf of the State Council, Li Keqiang, Premier of the State Council, made a government work report, summed up the government work in the past five years, and made recommendations on the government work in 2018.

Battery China Network believes that Premier Li Keqiang has repeatedly mentioned in the government work report that new energy vehicles, energy structure transformation and other issues related to the lithium battery industry, and in the 2018 government work proposals, from the supply side adjustment, innovative country construction, Deepening reforms, expanding consumption, and promoting investment have revealed the country's vision of supporting the development of new energy automobile industry and increasing efforts to promote China's energy structure optimization. It will undoubtedly have a macro guiding role for the development of China's lithium battery industry.

Economic development is expected to rise steadily and rise to create long-term economic growth

While fully affirming the achievements of the previous government, the report confronts many shortcomings in the current stage of development. In light of the current development situation, the government work report made development expectations for 2018, and proposed the economic growth target of “GDP growth of about 6.5% in 2018”. In order to achieve the development expectation in 2018, the country's policy orientation is "the positive fiscal policy orientation remains unchanged, and it is necessary to focus on efficiency; the sound monetary policy should remain neutral and moderate."

Battery China Network analysis, "GDP growth of about 6.5% growth" economic growth goals, steady progress, stable and loose economic policy, for the current development of the lithium battery industry is good. "The convergence of fiscal policy and efficiency, the tightness of monetary policy" reveals that the government intends to consolidate the development results at the current stage and concentrate on the policy intentions of developing advantageous industries. The new energy automobile industry is beginning to take shape, and it will undoubtedly become a powerful force for the government to boost economic growth in 2018, and the supporting lithium battery industry will also be favored by the policy.

Promoting supply-side reforms, releasing huge benefits to the lithium battery industry

In terms of deepening the structural reform of the supply side, the proposal for government work in 2018 pointed out that “it is necessary to accelerate the construction of a strong country. Promote the development of integrated circuits, fifth-generation mobile communications, aircraft engines, new energy vehicles, new materials, etc. Major short-board equipment special project, development of industrial Internet platform, creation of “Made in China 2025” demonstration zone, drastically reduce industrial production licenses, strengthen product quality supervision, comprehensively carry out quality improvement actions, promote benchmarking with international advanced level, and promote Craftsmanship, come to a quality revolution made in China."

At the same time, the recommendations of the government work in 2018 also pointed out that "to further reduce corporate tax burden" and "significantly reduce the non-tax burden of enterprises." These include “focusing on lowering the tax rates of manufacturing, transportation and other industries, and increasing the annual sales standards for small-scale taxpayers. We will greatly expand the scope of small and micro enterprises that enjoy the halving of preferential income tax policies. Significantly increase the pre-tax deduction of new equipment purchased by enterprises. "Upper limit", "continue to reduce the proportion of enterprises' 'five insurance and one gold' payment. Reduce the price of power grid links and transmission and distribution prices, the average industrial and commercial electricity price is reduced by 10% on average" and many other measures, and finally reach the "year-round enterprise and individual Tax reduction of more than 800 billion yuan, promote the transformation and upgrading of the real economy, focus on stimulating market vitality and social creativity" and "alleviate the non-tax burden of more than 300 billion yuan for the market players throughout the year, unreasonably resolutely canceled, too high and determined Down, let the enterprise lightly go into battle and gather together to develop the development goal.

Battery China Network believes that "Made in China 2025" is of great significance as the Chinese government's action plan for implementing the first decade of the strategy of manufacturing a strong country. New energy vehicles, new materials and other industries have become the concrete representation of the current stage of "Made in China 2025". The state should speed up the construction of a strong manufacturing country and deepen the "Made in China 2025", which will put forward higher requirements for lithium-ion enterprises, and will also be a powerful boost for the entire lithium battery industry. The tax and fee reduction for enterprises is conducive to alleviating market pressure and improving market vitality, which is a major positive for the development of enterprises.

"Double-creation" upgrade Lithium-ion industry or become the focus of "production, study and research"

In accelerating the construction of an innovative country, the proposal for government work in 2018 pointed out that “we must provide all-round innovative and entrepreneurial services, promote the construction of the 'double-creative' demonstration base, and encourage large enterprises, universities and research institutes to open up innovative resources and develop platforms. Economy and sharing economy, forming an innovative and entrepreneurial pattern of online and offline integration, industry-university-research collaboration, and integration of large and medium-sized enterprises. At the same time, it is necessary to “establish a national financing guarantee fund to support the listing of high-quality innovative enterprises, and expand the pilot scope of venture investment and angel investment tax incentives to the whole country.”

Battery China Network believes that the progress of the lithium battery industry depends on scientific progress and technological innovation. It is the key industry of the current "production, study and research". The country has intensified the promotion of "double innovation" and promoted the combination of "production, study and research", which is conducive to the overall industry. Development is conducive to the improvement of the technical level and manufacturing level of the lithium battery industry. At the same time, the state will further strengthen investment in innovative enterprises, which will provide a more relaxed financial environment for lithium-ion enterprises.

New energy vehicles drive consumption intentions clear, open pattern is conducive to the lithium battery industry to become bigger and stronger

In actively expanding consumption and promoting effective investment, the recommendations of the government work in 2018 pointed out that “enhance the basic role of consumption in economic development. Promote consumption upgrading and develop new modes of consumption new business. It will be extended for another three years to completely abolish the policy of restricting the use of used cars. "At the same time, it is necessary to "open up the general manufacturing industry in an all-round way and expand the fields of telecommunications, medical care, education, pension, and new energy vehicles," to promote full openness and promote the steady growth of foreign investment. .

Battery China Network believes that the government has great expectations for new energy vehicles and is trying to build the new energy automobile industry into a new economic growth point in China. The implementation of openness in the field of new energy vehicles is conducive to the introduction of foreign investment by enterprises, strengthening related technologies, and also facilitating the “going out” of products, which is conducive to the further expansion of the market. In this process, domestic lithium power companies will undoubtedly become beneficiaries.

At the same time, the government work report also elaborated on issues such as energy structure adjustment, energy conservation and emission reduction, and ecological environment. The government work report pointed out that in 2018, to achieve the "development goal of reducing the energy consumption per unit of GDP by more than 3% and the discharge of major pollutants continues to decline", we must continue to promote pollution prevention and control, and we must achieve greater results. The government work report pointed out that "we insist on using market-based legalization methods, strictly enforce environmental protection, quality, safety and other regulatory standards, resolve excess capacity, and eliminate backward production capacity."

Battery China Network believes that the majority of lithium-ion enterprises have made important contributions to China's energy structure transformation, energy conservation and emission reduction. The country's deepening of energy structure transformation, energy conservation and emission reduction is conducive to the development of the lithium battery industry. At the same time, lithium -ion enterprises should also do a good job in recycling lithium-ion batteries , establish a low-carbon green development awareness, optimize enterprise capacity design, and contribute to China's economic development in 2018.

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