China Vows To Increase Macro-Control Efforts, Expand Consumption And Stabilise Investment

Published: Jul 13, 2023 15:47

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After the economic recovery in the first quarter exceeded expectations, the recent macroeconomic indicators have fallen in an all-round way, and the prospect of recovery has arisen market concerns. In recent days, macro policies have continued to increase their efforts and improve their efficiency in order to stabilise market expectations and growth.

Zheng Shanjie, director of the National Development and Reform Commission, wrote an article a few days ago and pointed out that the foundation for the continued overall improvement of domestic economic operation still needs to be consolidated. China also rolled out monetary policy.

The People’s Bank of China increased the amount of re-loans and re-discounts for supporting agriculture and small businesses by a total of 200 billion yuan.

More popular news:

SMM Daily Comments (Jul 3): SHFE Base Metals Rose across the Board with Tin Surging, Ferrous Metals Prices Closed Mixed

SMM Daily Comments (Jul 5): Base and Ferrous Metals Prices Mostly Fell, WTI Soared despite Lingering Concerns over Global Economic Downturn

SMM Daily Comments (Jul 6): SHFE, LME Base Metals Diverged with SHFE Nickel and Tin Skyrocketing, Ferrous Metals Rose across the Board

China Commodity Supply and Demand Boomed in June

China Vows To Increase Macro-Control Efforts, Expand Consumption And Stabilise Investment

Citi Research Cautious about Copper Prices in Three Quarters, Iron Ore Prices to Have Support from Policy Stimulus

Macro economy

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