China's Macroeconomic Implementation of Positive Fiscal Policy and Moderately Easing Monetary Policy in the Second Half of the Year

China's Macroeconomic Implementation of Positive Fiscal Policy and Moderately Easing Monetary Policy in the Second Half of the Year

Following the release of economic data in April and May, the consumption growth rate, investment growth rate, and industrial growth rate reflected in the data continue to accelerate growth, while power generation, exports, and PPI data remain sluggish or even worse. This has led to fierce discussions on the macroeconomic operating policies of China in the second half of the year. At the same time, concerns about inflation have also become the focus of scholarly experts and the public. In this context, from the beginning of June, the central government dispatched a working group to conduct investigations.
Recently, after more than 60 days of discussion and research, China’s macroeconomic policies have gradually emerged in the second half of the year: Since China’s economy is currently in a critical period of stabilization, it is necessary to continue to implement a proactive fiscal policy and a moderately loose monetary policy to fully implement and Enrichment and improvement of stimulus packages and related policy measures.

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