How to understand the five tasks of 20 16: de-capacity, de-inventory, de-leverage, cost reduction, and short-board?

Mainly speaking of steel, coal and other industries, the closure will be closed down. Unemployed employees of enterprises should be arranged to change jobs and be retrained and re-employed. At present, these zombie enterprises rely on bank loans, and there is still a sigh of relief.

2, to inventory

Mainly about the vacant houses in real estate development, we should sell the vacant houses and inventory them. It is said that all local governments have the task index of destocking.

Step 3 deleverage

Is to reduce debt, the government, enterprises and individuals can have debt, and the government is adding leverage by borrowing money to engage in certain projects.

Step 4 reduce costs

In order to reduce the overall tax burden, the reform of the camp, which started in May 1, is a concrete measure.

Step 5 fill the short board

Such as poverty alleviation and infrastructure construction.

The core issue is the so-called deleveraging, that is, reducing debt. Large enterprises that continue to lose money and are insolvent will continue to borrow money from banks and will not get better because of "debt-to-equity swap". The hole can only get bigger and bigger, and the risk of the bank itself will get bigger and bigger. Personal liabilities are mainly aimed at homeowners.