在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Confidence mounts for economic growth

By Zhou Lanxu | China Daily | Updated: 2023-01-03 06:53
Share
Share - WeChat
People dine at a restaurant in Beijing, capital of China, Jan 1, 2023. [Photo/Xinhua]

Ample macro tools

Zhang Bin, deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, said strengthened fiscal and monetary support will be needed this year to ensure a steady expansion in domestic demand.

This measure is required, as the economy's recovery momentum might not be sufficiently strong for growth to return to a level on par with China's potential growth rate, given COVID-related damage to financial conditions and risk appetite among businesses and households, Zhang said.

To expand domestic demand, the Central Economic Work Conference decided to take a number of steps to raise incomes and support consumption of housing, new energy vehicles and care services for the elderly.

The meeting decided that proactive fiscal policy should be stepped up, with a better mix of tools including fiscal deficits, special-purpose bonds and interest subsidies. Prudent monetary policy should be targeted and effective, with reasonable and sufficient liquidity maintained.

Xu Hongcai, vice-minister of finance, said at a recent event that China's deficit-to-GDP ratio and the scale of local government special-purpose bonds will be set properly to ensure the intensity of government-backed investment does not slow.

As fiscal policy increases support for the economy, Wen Bin, chief economist at China Minsheng Bank, said he expects the nation's deficit-to-GDP ratio to stand at about 3 percent this year, up by 0.2 of a percentage point from the previous year, while the annual quota of special-purpose bonds may rise to 3.8 trillion yuan, up from 3.65 trillion yuan last year.

Wen said tax-cut campaigns might continue, and they could save some 3 trillion yuan in tax and fee burdens for businesses and residents to help strengthen their spending ability.

Liu Guoqiang, deputy governor of the People's Bank of China, the nation's central bank, said the aggregate strength of monetary policy should not be lower than the level last year, and should be raised further if needed — unless economic growth and inflation exceed expectations.

The central bank, which aims to provide "adequate" aggregate support and "accurate" structural aid, has abundant policy tools to hand, Liu said.

Experts said Liu's remarks show there might be further room to ease monetary policy in the first half of this year, with the possibility of cuts in interest rates and the reserve requirement ratio.

|<< Previous 1 2 3 4 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美一区二区三区在线 | 人人插人人爽 | 亚洲欧美在线观看 | 亚洲成a人 | 国产成人一区二区三区 | 一区二区色 | 欧美一级黄| 日韩欧美高清 | 欧美性猛交xxxx黑人交 | 亚洲激情偷拍 | 国产精品成人国产乱 | 一级做a爱片性色毛片 | 日韩中文字幕在线观看 | 深夜影院深a | 日韩成人小视频 | 午夜免费剧场 | 国产高潮在线观看 | 最近中文字幕在线 | 一级黄色性生活片 | 日本三极片 | 一级黄色片免费 | 一级毛片网 | 欧美一区二区三区免费 | 亚洲精品久久久久久久久久久 | 九九九精品视频 | 亚洲 欧美 日韩 在线 | 久久精品www人人爽人人 | 欧美日韩一区在线观看 | 天堂网久久 | 中文av字幕 | 亚洲黄色大片 | 亚洲黄色小视频 | 国产三级做爰高清在线 | 成人在线观看网站 | 男人天堂网址 | 四虎三级 | 日本激情在线 | 日韩精品免费一区二区夜夜嗨 | 中文字幕在线观看免费视频 | brazzers精品成人一区 | 一级片黄色 |