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Financial News: Package of Incremental Policies Isn't Simple Stimulus But Major Adjustment in Policy Logic
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A consensus is gradually being reached to strengthen demand-side management now, and that the direction of macroeconomic policies will shift from a more investment-oriented approach in the past to an approach that gives equal weight to both consumption and investment, with greater emphasis on consumption, Financial News, the media managed by the People's Bank of China (PBOC), published an article saying. In the future, while introducing a package of supportive policies, it will also be necessary to step up efforts to promote reforms and substantively expand domestic demand. On the one hand, the recent package of incremental policies has gradually come into effect, while the incremental policies have strongly boosted market confidence, the article added. On the other hand, it is important to note that the recent package of incremental policies is not a simple stimulus, but it is a major adjustment of policy logic, with not only short-term demand expansion plans, and also a large number of reforms and structural adjustment proposals. AAStocks Financial News |
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