China’s senior party official for economic affairs:
China’s economic recovery is not strong enoughNeed to implement
macro policies more effectivelyShould speed up the
issuance and use of special bondsShould give full
play to the role of fiscal funds in leveraging economic growth and
structural adjustmentMonetary policy
should be flexible, moderate, accurate and effectiveMaintain reasonable
and abundant liquidityShould increase
policy support so that enterprises and consumers tangibly benefitMake good use of
funds from ultra-long term special bondsShould increase
residents’ property income through multiple channelsWill improve the
long-term expansion of consumptionWill improve the
mechanism for promoting high-quality full employmentWe should speed up the construction of a new model for real estate developmenteliminate the past high debt, high turnover and high leverage modelbuild a model that better meets the expectations of the people, better mets demand for improved housing
Need to establish appropriate financing, taxation, land sales
systemsHigh quality
development of real estate still has considerable room for
developmentWe will expand
domestic demand, especially consumer demandWe should stabilise
the basic situation of foreign trade and investmentChina’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.
