Chinese Premier Li Qiang spoke at the China Development Forum in Beijing on Sunday. He stated that the country's inflation rate and the central government's debt burden are relatively low, leaving more room for new macroeconomic policy measures.as reported by Reuters.
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“The objective is to increase domestic demand“.
“All domestic and foreign companies will be treated equally under policies aimed at boosting domestic demand.”
“China's low inflation and low central government debt ratio mean there is plenty of room for macroeconomic policy“.
“It promised to improve market access, matching of supply and demand, and cross-border data flows.”
“The issuance of special ultra-long Treasury bonds worth 1 trillion yuan will effectively stimulate investment and stabilize economic growth.”
“The measures taken to defuse real estate and debt risks have proven effective.”
“We will work to prevent system risks and promote the healthy and long-term development of the Chinese economy.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
