China's central finance office says there are blockages in the economic cycle domestically, demand is insufficient, and consumption and enterprise investment willingness are not strong enough, according to state media
- Macroeconomic policies will continue to provide support for economic recover.
- Issuance of an additional CNY 1tln of Treasury bonds this year, as well as cuts in interest rates, tax and fee cuts, and other policy effects will continue into next year.
- Prices are low in China, central government debt levels are not high, and conditions are in place to strengthen the implementation of monetary and fiscal policies.
- China still has many favourable conditions for attracting foreign investment.
- With the concerted efforts of all parties, the policy objectives of real estate risk prevention and market stabilization can be fully achievable
17 Dec 2023 - 23:29- Economic Commentary- Source: Newswires
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