The Politburo meeting of the Central Committee held on July 30 pointed out that macroeconomic policies should make efforts to improve efficiency, speed up the progress of fiscal expenditure and the use of bond funds, and vigorously promote “dual” construction and “two new” tasks. Luo Zhiheng, chief economist at Guangdong Securities, told the Shanghai Securities News reporter that the policy level changed from “making good use of macroeconomic policies” to “giving full play to the effectiveness of various stock policies, planning and introducing pragmatic and effective incremental policies in a timely manner,” and clearly proposed “increasing countercyclical adjustment efforts”, sending a signal that the steady growth policy in the second half of the year will further improve efficiency.

The Politburo meeting of the Central Committee held on July 30 pointed out that macroeconomic policies should make efforts to improve efficiency, speed up the progress of fiscal expenditure and the use of bond funds, and vigorously promote “dual” construction and “two new” tasks. Luo Zhiheng, chief economist at Guangdong Securities, told the Shanghai Securities News reporter that the policy level changed from “making good use of macroeconomic policies” to “giving full play to the effectiveness of various stock policies, planning and introducing pragmatic and effective incremental policies in a timely manner,” and clearly proposed “increasing countercyclical adjustment efforts”, sending a signal that the steady growth policy in the second half of the year will further improve efficiency.