Spinee
wrote a post · Aug 1 22:35
The CPC held a Politburo meeting on Tuesday and set economic priorities for 2H24, but gave no further indication on property market stimulus.
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Will promptly introduce accessible reform measures, and speed up the implementation of the identified policy measures.
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Should reserve and launch a number of incremental policy measures ASAP.
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Domestic effective demand remains insufficient.
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Saw many risks and hidden dangers in key areas.
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It is necessary to strengthen counter-cyclical adjustments, and to implement a proactive fiscal policy and prudent monetary policy.
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It is necessary to cultivate and expand emerging industries and future industries.
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It is necessary to comprehensively use a variety of monetary policy tools.
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It is necessary to increase financial support for the real economy, and promote a steady decline in the cost of comprehensive social financing.
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Will launch a new round of pilot measures to expand the opening up of the service industry, so as to promote the use of foreign capital for stability.
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Will create conditions to accelerate the resolution of debt risks of local financing platforms.
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