Economic development needs support, experts say

币游国际网

2021-06-08

TheviewofLujiazuiareaattheBundinShanghai,Aug2,2019.[Photo/IC]Chinaisexpectedtorolloutmorepolicysupporttoboosttheconfidenceofbothpublicandprivateinvestmentandhelpbetterunleashconsumptionpotentialtorealizesteadyandhealthyeconomicgrowthfor2021,sAcademicCenterforChineseEconomicPracticeandThinkingsaidChina,investmentinfixedassetswillcimpactonthedomesticeconomy,thereportsaid,suchpricesurgeislikelytobemild,becauseofspeedyvaccinationprogressinmanyadvancedeconomiesinthelatterhalfoftheyear,,,RobinXing,itschiefChinaeconomist,saidChinawillfacelessinflationpressurecomparedwithadvancedeconomies,sstimulusposregulatoryapproachesintheeconomy,suchasitsregulationofvirtualcurrencyandvariousassetbubbles,inthelongrunandinoptimizingrelationsbetweengovernmentandthemarket,LiDaokui,aprofessoranddirectoroftheTsinghuathinktank,,hesaid,thereishugepotentialinChinaseconomicgrowth,asboththepublica,greatereffortswillbemadetoensurebettersynergyintheinteractionsbetweengovernmentandthemarket,otbeenfullyunleashedinthefirsttwoquarters,andthelevelofconsumptionhassofarnotreturnedtothepre-pandemiclevel,asanincreaseofbusinessoutputhasnoteffectivelyfedthroughtothelevelofhouseholdincomes."Also,thescatteringresurgenceofCOVID-19caseshaswounddownpeopleswillingnesstoengageinofflineactivities,whilethepandemicpersehasdeeplychangedpeopleshabitsofbuyingandoverallreducedtheamountofofflineconsumption,"saidLiBing,,multispeedrecoveriesareunderwayinallregionsandacrossincomegroups,whichmakestheglobalrecoverystilluncertain,,aresearcherattheTsinghuathinktank,pointedoutthattherenminbihasrecentlyappreciatedagainsttheUSdollaryetmanyuncertaintiesremaininthistrend."ThesizablestimulusmeasuresinUSandEuropeancountrieswillphaseoutoncetheCOVID-19situationgetseffectivelycontrolled,andliquidityislikelytosubsequentlyflowbacktodevelopedcountries,"Guosaid."Therefore,theRMBstrendforappreciationisnotlikelytoexistoverthelongrun."Thereportalsosuggestedswiftereffortsbemadetoprunelocalgovernmentdebtandwarnedabou,theG-7groupofcountriesannounced,chiefChinaeconomistatBNPParibas,saidthatthisislikelytodrawinvestorsfromcountrieslikeChinabacktowardadvancedeconomies,andthatChinaneedstomovefasterinimprovingthebusinessclimate.。