To promote coordinated development of economy, societyEconomic growth remains within a reasonable rangeDomestic demand continues to play a stronger roleChina’s economic growth potential to be fully releasedTo deepen reforms and continue with high quality developmentTech self-reliance to be greatly improvedTo combine efficient market with proactive governmentTo give full play to role of proactive fiscal policyWill make sure to keep enhancing fiscal sustainabilityTo 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.