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Li Qiang: CN Shall Continuously Stimulate Consumption Potential, Expand Investment, Consolidate Property Mkt's Stabilization Trend
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Li Qiang, the Chinese Premier, emphasized during the ninth plenary meeting of the State Council that efforts should be made to consolidate and expand the momentum of economic recovery, and strive to achieve the annual economic and social development goals. Macro policy implementation efficiency should be further enhanced, with enhanced policy pertinence and effectiveness, timely response to market concerns and stabilization of market expectations. Continuous stimulation on consumption potential is also needed, along with accelerated cultivation and expansion of new growth points like service consumption and new types of consumption. The authorities should expand effective investment, actively promote private investment, and advance in depth the construction of a unified national market to continuously release the benefits of a hyperscale market. Meanwhile, effective measures should be taken to consolidate the stabilization of the property market, incorporating urban renewal initiatives to advance the renovation of urban villages and dilapidated housing, and adopting a multi-pronged approach to release upgrading demand. Li also emphasized the need to promote in-depth integration of technological innovation and industrial innovation, stimulating the innovation and creativity of various business entities. AASTOCKS Financial News Website: www.aastocks.com |
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