National Development and Reform Commission: All departments advance policies implement, the market expectations improve

Published: Aug 4, 2023 15:09
Yuan Da, Deputy Secretary-General of the National Development and Reform Commission and Director of the General Affairs Department said at a press conference on August 4 that all departments are currently implementing various reserve policies for the new changes in the economic operation showing in the second quarter of June.

Yuan Da, Deputy Secretary-General of the National Development and Reform Commission and Director of the General Affairs Department said at a press conference on August 4 that all departments are currently implementing various reserve policies for the new changes in the economic operation showing in the second quarter of June. Policies and measures to guide the downward trend of market interest rates, promote the consumption of bulk commodities such as automobiles, accelerate the transformation of urban villages into megacities and the construction of public infrastructure for places with dual uses as leisure venues and emergency shelters, and expand the issuance of real estate investment trusts in the infrastructure sector in an orderly manner have been successively introduced and implemented. Besides, Yuan Da pointed out that other policies are also being stepped up to provide strong policy support for the continued economic recovery.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
INE to Expand Tradable Options for Qualified Foreign Investors, Adding TSR 20 Rubber and Copper Contracts
16 hours ago
INE to Expand Tradable Options for Qualified Foreign Investors, Adding TSR 20 Rubber and Copper Contracts
Read More
INE to Expand Tradable Options for Qualified Foreign Investors, Adding TSR 20 Rubber and Copper Contracts
INE to Expand Tradable Options for Qualified Foreign Investors, Adding TSR 20 Rubber and Copper Contracts
According to an announcement by the Shanghai International Energy Exchange, with the approval of the China Securities Regulatory Commission, effective April 22, 2026 (from the night continuous trading session on April 21), the Shanghai International Energy Exchange (hereinafter referred to as INE) will further expand the range of tradable products available to Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (collectively, Qualified Foreign Investors), with the newly added commodity options contracts open for trading as follows: TSR 20 rubber and international copper options contracts.
16 hours ago
Copper Inventories in Major Regions of China Continued Destocking During the Week [SMM Weekly Data]
16 hours ago
Copper Inventories in Major Regions of China Continued Destocking During the Week [SMM Weekly Data]
Read More
Copper Inventories in Major Regions of China Continued Destocking During the Week [SMM Weekly Data]
Copper Inventories in Major Regions of China Continued Destocking During the Week [SMM Weekly Data]
16 hours ago
SMM Copper Wire and Cable Operating Rate Rises Slightly to 70.77%, Market Performance Mediocre
16 hours ago
SMM Copper Wire and Cable Operating Rate Rises Slightly to 70.77%, Market Performance Mediocre
Read More
SMM Copper Wire and Cable Operating Rate Rises Slightly to 70.77%, Market Performance Mediocre
SMM Copper Wire and Cable Operating Rate Rises Slightly to 70.77%, Market Performance Mediocre
[SMM Copper Wire and Cable Operating Rate] The operating rate of SMM copper wire and cable enterprises was 70.77% this week, up 0.24 percentage points MoM. Overall operating performance was stable, while market performance was relatively mediocre. During the week, the pullback in copper prices suppressed the release of new orders, but enterprises had ample orders on hand and pending delivery, supporting basically stable production. New orders across downstream segments were generally weak, with demand in the home decoration sector particularly mediocre due to rising plastic raw material prices.
16 hours ago
National Development and Reform Commission: All departments advance policies implement, the market expectations improve - Shanghai Metals Market (SMM)