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China’s State Council rolls out 19 targeted measures to tackle various economic challenges
New policies target specific challenges, inject confidence: experts
By GT staff reportersPublished: Aug 24, 2022 07:33 PM
snip
The 19 follow-up measures focus on the most prominent growth challenges, experts said, citing a national push to ensure power supply for households and businesses and to strive for a successful autumn grain harvest in the wake of record heat waves and drought.
Xi Junyang, a professor at the Shanghai University of Finance and Economics, said that the latest announcement shows that the central government is further detailing and quantifying the support measures it rolled out earlier to stimulate economic growth, as well as launching new policies to cope with emerging economic challenges.
It also shows China's policy direction of lending support to the economy in a precise way, instead of lavishing general stimulus policies, he said.
more...
zhttps://www.globaltimes.cn/page/202208/1273756.shtml
China’s State Council rolls out 19 targeted measures to tackle various economic challenges
New policies target specific challenges, inject confidence: experts
By GT staff reportersPublished: Aug 24, 2022 07:33 PM
snip
The 19 follow-up measures focus on the most prominent growth challenges, experts said, citing a national push to ensure power supply for households and businesses and to strive for a successful autumn grain harvest in the wake of record heat waves and drought.
Xi Junyang, a professor at the Shanghai University of Finance and Economics, said that the latest announcement shows that the central government is further detailing and quantifying the support measures it rolled out earlier to stimulate economic growth, as well as launching new policies to cope with emerging economic challenges.
It also shows China's policy direction of lending support to the economy in a precise way, instead of lavishing general stimulus policies, he said.
more...
zhttps://www.globaltimes.cn/page/202208/1273756.shtml