CHINA’S SENIOR PARTY OFFICIAL: ECONOMIC RECOVERY IS NOT STRONG ENOUGH
At the Third Plenum conference on Friday, China's senior party official said that the economic recovery is not strong enough.
Additional takeaways
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.
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