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CCP Politburo Meeting Proposes Timely RRR & Interest Rate Cuts, Optimizing Policies for Purchasing Existing Commercial Housing
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While chairing the CCP Politburo meeting, Chinese President Xi Jinping emphasized the need to accelerate the implementation of more proactive and effective macro policies, making full and effective use of more aggressive fiscal policy and moderately loose monetary policy. He also called for timely cuts to the required reserve ratio (RRR) and interest rates to maintain ample liquidity and step up support for the real economy. In addition, the meeting pointed out the necessity to speed up the development of a new model for the real estate sector, expand the supply of high-quality housing, optimize policies for purchasing existing commercial housing, and continue to consolidate the stable trend in the real estate market. Efforts should also be made to keep the capital market stable and vibrant. AAStocks Financial News |
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