- Will meet real economy’s financing needs.
- Will maintain reason growth of financial aggregates.
- Will increase efforts to support sci-tech innovation, boost consumption.
- Will support private economy, stabilise foreign trade.
- Will made good use of existing and incremental policies.
- Will strengthen monetary policy implmentation and transmission.
- Will promote international use of yuan.
- Will ‘resolutely’ safeguard national financial security.
I don’t see anything new here. We got some rate cuts recently and that certainly gives some support to the economy, but I would like them to go bigger on rate cuts given that they still have positive real rates amid deflationary forces.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
