China’s senior party official for economic affairs:
- China’s economic recovery is not strong enough
- Need to implement
macro policies more effectively - Should speed up the
issuance and use of special bonds - Should give full
play to the role of fiscal funds in leveraging economic growth and
structural adjustment - Monetary policy
should be flexible, moderate, accurate and effective - Maintain reasonable
and abundant liquidity - Should increase
policy support so that enterprises and consumers tangibly benefit - Make good use of
funds from ultra-long term special bonds - Should increase
residents’ property income through multiple channels - Will improve the
long-term expansion of consumption - Will improve the
mechanism for promoting high-quality full employment - We should speed up the construction of a new model for real estate development
- eliminate the past high debt, high turnover and high leverage model
- build a model that better meets the expectations of the people, better mets demand for improved housing
-
Need to establish appropriate financing, taxation, land sales
systems - High quality
development of real estate still has considerable room for
development - We will expand
domestic demand, especially consumer demand - We should stabilise
the basic situation of foreign trade and investment - China’s economy is
big, with great potential for domestic demand
More now from China. While again lacking in detail these comments seem a little more targeted.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source link
