Reaffirms prudent monetary policy approachChinese economy diverges with many risks in key areasStill faces insufficient domestic demandSees increasing negative external impactTo promote stable development of property marketNeed to keep stepping up macroeconomic policiesReiterates proactive fiscal policyFocus of economic policies to shift more to consumption
Again, all of these are very on the surface and lacking many details. But if anything else, it reaffirms that China will continue to put in concerted efforts to try and bolster the economy. In particular, they will be hoping to revive domestic demand conditions.
This article was written by Justin Low at www.forexlive.com.
