- To promote coordinated development of economy, society
- Economic growth remains within a reasonable range
- Domestic demand continues to play a stronger role
- China’s economic growth potential to be fully released
- To deepen reforms and continue with high quality development
- Tech self-reliance to be greatly improved
- To combine efficient market with proactive government
- To give full play to role of proactive fiscal policy
- Will make sure to keep enhancing fiscal sustainability
- To vigorously boost consumption, drive significant consumption rate among residents
A lot of big words being thrown about in trying to bolster the economy and prop up domestic demand conditions. In the end, it’s a case of having to wait and see. But so far this year, markets have grown more optimistic on China especially as the trade war has been put on hold indefinitely. That said, there’s a lot to do for the government to try and address the issue of flagging demand and aging demographics in the bigger picture.
This article was written by Justin Low at investinglive.com.