The National Development and Reform Commission of Chinathe country’s state planner, reiterated Tuesday that “we are committed to keeping the economy within reasonable limits“.
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Macroeconomic policies must be strong, reasonable and moderate to actively expand demand.
Approved 65 fixed asset investment projects totaling 1.028 trillion yuan in January to July.
Approved 8 fixed asset investment projects totaling 236.8 billion yuan in July.
Youth employment has come under increased pressure this year due to overlapping structural, cyclical and seasonal factors.
Practical measures to support business creation and employment will be launched.
Separately, a PBoC-backed financial news earlier reported that “China needs additional policy stimulus to boost economic growth.”
Source: Fx Street
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