China’s senior party official for economic affairs recently made a statement regarding the country’s economic recovery. According to the official, China’s economic recovery is not as strong as it should be. In order to improve the current situation, the official emphasized the need to implement macro policies more effectively.
One of the key suggestions made by the official was to speed up the issuance and use of special bonds. These bonds play a crucial role in leveraging economic growth and structural adjustment. Additionally, the official stressed the importance of maintaining reasonable and abundant liquidity in the market.
Furthermore, the official highlighted the importance of increasing policy support to ensure that both enterprises and consumers benefit from the economic recovery. By making good use of funds from ultra-long term special bonds, the official believes that residents’ property income can be increased through multiple channels. This, in turn, will lead to an improvement in the long-term expansion of consumption.
In addition to these points, the official also discussed the need to improve the mechanism for promoting high-quality full employment. This includes speeding up the construction of a new model for real estate development. The official emphasized the importance of eliminating the past high debt, high turnover, and high leverage model in favor of a model that better meets the expectations of the people and the demand for improved housing.
Overall, the official’s statement reflects a comprehensive approach to strengthening China’s economic recovery. By implementing the suggested measures effectively, China can work towards building a more sustainable and robust economy that benefits both enterprises and consumers alike.