China State Council Vows Incremental Policies, Stronger Counter-Cyclical Adjustment to Stabilize Economy
On September 28, Chinese Premier Li Qiang chaired a State Council executive meeting that announced a series of incremental policies to stabilize the economy. Measures include optimizing fiscal spending, utilizing local government debt quotas, adjusting monetary policy tools, increasing relending for tech and agriculture, and studying policies to stabilize the real estate market and boost employment. The meeting also emphasized accelerating bond issuance, advancing major infrastructure projects, and strengthening counter-cyclical macro policy adjustments to achieve annual development targets.
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China State Council Announces Incremental Policies to Stabilize Economy and Markets
Chinese Premier Li Qiang presided over a State Council executive meeting, according to a report from state broadcaster CCTV. The meeting outlined a series of new incremental policies aimed at bolstering the economy. Key measures include optimizing fiscal spending arrangements, fully utilizing the remaining local government debt quota, and comprehensively employing and timely adjusting monetary policy tools. The council also decided to increase re-lending quotas for technological innovation, technological transformation, and support for agriculture and small enterprises. Additionally, the meeting called for research and introduction of policies to stabilize the real estate market and promote employment and income growth. These steps signal Beijing's intent to provide further support to the slowing economy through a mix of fiscal and monetary stimulus.
Read sourceChina's Premier Li Qiang Chairs State Council Meeting, Urges Faster Policy Implementation
Chinese Premier Li Qiang chaired a State Council executive meeting, according to a report from CCTV News. The meeting stressed the need to intensify efforts to ensure all policies are implemented effectively. It called for enhancing the efficiency of existing policies and accelerating the issuance and use of various bonds. The meeting also urged the early commencement of major engineering projects identified in the 15th Five-Year Plan and the 'Six Networks' implementation plan. Specific projects mentioned include the renovation and upgrading of old reservoirs and grain depots. Additionally, the meeting emphasized strengthening subsidy policies to expand investment and boost consumption. The directives signal a push to stabilize economic growth through fiscal measures and infrastructure investment.
Read sourceChina State Council: Continue Researching Policies to Boost Domestic Demand
On September 28, Chinese Premier Li Qiang presided over a State Council executive meeting. The meeting pointed out that the government should continue to research and reserve policy measures to boost domestic demand, plan more work initiatives with strong driving effects, improve relevant supporting measures, and encourage qualified local governments to pilot programs first. The report was sourced from CCTV News and published by Cailianshe (cls).
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China State Council Vows Incremental Policies, Monetary Tools, Property Market Stability
On September 28, Chinese Premier Li Qiang chaired a State Council executive meeting, according to a report by Jin10 Data citing CCTV News. The meeting decided to launch a batch of practical and effective incremental policies. Key measures include optimizing fiscal expenditure arrangements, utilizing local government debt balance limits, and comprehensively using and timely adjusting monetary policy tools. The council also plans to increase relending quotas for technological innovation,技术改造 (technological transformation), and support for agriculture and small enterprises. Furthermore, it will study and introduce policies to stabilize the real estate market and promote employment and income growth. The meeting emphasized coordinated efforts to stabilize investment, prepare high-quality projects, stimulate private investment, strengthen factor guarantees for investment projects, and improve investment approval efficiency. It also called for continued research and reserve of policies to boost domestic demand, design more initiatives with strong driving effects, improve supporting measures, and encourage qualified regions to pilot first.
Read sourceChina State Council Vows Stronger Counter-Cyclical Macro Policy to Boost Economy
On September 28, Chinese Premier Li Qiang chaired a State Council executive meeting that addressed current economic challenges. The meeting emphasized the need to intensify counter-cyclical macro policy adjustments to steer the economy toward innovation, optimization, and high-quality development, aiming to achieve the annual economic and social development targets. Key measures include accelerating the implementation of existing policies to enhance their effectiveness, speeding up the issuance and use of various bonds, and pushing for the early start of major projects outlined in the '15th Five-Year Plan' and the 'Six Networks' initiative. The meeting also called for the renovation and upgrade of old reservoirs and grain depots, as well as the expansion of investment and consumption subsidy policies. The directives were reported by state broadcaster CCTV and summarized by financial data provider Jin10.
Read sourceChina Premier Li Qiang Chairs State Council Meeting, Vows Stronger Counter-Cyclical Policy Adjustment
According to China Central Television (CCTV), Chinese Premier Li Qiang presided over a State Council executive meeting. The meeting pointed out that in response to current problems in economic operations, China will increase the intensity of counter-cyclical macroeconomic policy adjustments. The goal is to promote sustained economic transformation, optimization, and improvement, and to strive to achieve the annual economic and social development targets. The report attributes this policy direction to the State Council meeting, reflecting the Chinese government's commitment to stabilizing growth amid economic challenges.
Read sourceChina Premier Li Qiang Chairs State Council Meeting, Vows New Incremental Policies and Fiscal Measures
According to state broadcaster CCTV, Chinese Premier Li Qiang chaired a State Council executive meeting. The meeting stated that China will introduce a batch of practical and effective incremental policies. It also called for optimizing fiscal expenditure arrangements, fully utilizing the remaining local government debt quota, and comprehensively employing and timely adjusting monetary policy tools. These measures signal Beijing's intent to bolster economic growth through a combination of fiscal and monetary support, focusing on local government debt management and targeted stimulus.
Read sourceChina Premier Li Qiang Chairs State Council Meeting, Vows Stronger Counter-Cyclical Policy to Boost Economy
Chinese Premier Li Qiang chaired a State Council executive meeting, according to a report from state broadcaster CCTV. The meeting acknowledged current problems in economic operations and called for intensified macro-policy counter-cyclical adjustments. The goal is to promote sustained, high-quality, and favorable economic development, and to strive to achieve the full-year economic and social development targets. The statement reflects the Chinese government's commitment to using fiscal and monetary tools to stabilize growth amid domestic headwinds.
Read sourceChina Premier Li Qiang Chairs State Council Meeting, Vows New Incremental Policies
According to state broadcaster CCTV, Chinese Premier Li Qiang chaired a State Council executive meeting. The meeting stated that China will roll out a batch of practical and effective incremental policies. It also pledged to optimize fiscal expenditure arrangements, make good use of local government debt stock limits, and comprehensively utilize and timely adjust monetary policy tools. This signals a proactive stance by Beijing to support the economy through a combination of fiscal and monetary measures, with a focus on local government debt management and targeted stimulus.
China Premier Li Qiang Chairs State Council Meeting, Vows Stronger Counter-Cyclical Adjustment
According to China Central Television (CCTV), Chinese Premier Li Qiang chaired a State Council executive meeting. The meeting pointed out that in response to current problems in economic operations, China will increase the intensity of counter-cyclical macroeconomic policy adjustments. The goal is to promote sustained, new, high-quality, and positive economic development, and to strive to achieve the annual economic and social development targets. The statement signals a proactive policy stance from Beijing to support growth amid ongoing economic challenges.