In response to last week’s stimulus measures, Premier Li Qiang of China has urged swift implementation of policies to boost the country’s economic recovery.
At an executive meeting of the State Council, Li emphasized the need to expedite the roll-out of mature policies and avoid delays or inefficiencies.
He also called for effective macroeconomic control and the development of new policies to address evolving challenges, particularly in achieving the annual GDP growth target of around 5%.
To meet this target, measures such as lowering mortgage rates and easing real estate purchase restrictions have been implemented by the People’s Bank of China and major economic centers.
In the aftermath of significant stimulus measures, Premier Li Qiang pushes for speedy policy implementation to support China’s economic recovery. Urging government departments to act swiftly, the focus is on mature policy deployment and coordination for effective macroeconomic control to counter challenges like weak domestic demand and strains on local government finances. To meet the GDP growth target, initiatives like lowering mortgage rates and relaxing real estate purchase restrictions have been put into action by key economic entities. Li’s call underscores the urgency and commitment needed to drive China’s economic progress in the face of obstacles.
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