Xi said the government will target a good growth rate this year, making fiscal policy more proactive, prudent monetary policy more flexible, and macro-economic policies more targeted and timely, according to the report. Authorities would also continue to cut taxes, administrative fees, rent and rates to benefit businesses.
The economy returned to growth in the second quarter after a deep slump at the start of the year, but unexpected weakness in domestic consumption underscored the need for more policy support to bolster the recovery after the shock of the coronavirus crisis. In the face of rising protectionism, a slowing world economy and shrinking global demand, Beijing would fully take advantage of its huge domestic market.
It will also press ahead with reforms in keeping with the historical trend of economic globalisation, and companies should understand international rules and fend off risks in international markets, said Xi.
Xi is following crooked trump, step by step. Xi's foreign policy is bloody-stinky that no gov in the right frame of mind would like his. Only pakistan stays with him to give CH a military footprint in indian ocean. With pakistan in his side, he has to give up IR and IN.
Communist China's economy will drop, as world unrest against them gathers pace.
Reuters writes more favorable articles on XI & the CCP than on Trump. Hmmm.
They should be doing well they have f*cked everybody else’s economies up
CCP_is_terrorist
Patriotic for their own country?
bomb ccp
Like they have a choice.......
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Source: CNBC - 🏆 12. / 72 Read more »