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Chen Changsheng Highlights Innovations in "Government Work Report" on Macro-Control Approach
iconMar 5, 2025 14:41
Source:SMM
Chen Changsheng, Deputy Director of the State Council Research Office and a member of the drafting group for the "Government Work Report," stated on the 5th that if one continues to follow or carefully reads the report, it is evident that this report fully reflects the innovation in the macro-control approach of the Party Central Committee since the Politburo meeting on September 26. For instance, it breaks the conventional notion that "consumption is a slow variable" by placing greater emphasis on boosting consumption and highlighting the need for interaction between promoting consumption and expanding investment. Additionally, it underscores the importance of asset prices in macro-control, incorporating the stabilization of the real estate and stock markets into the overall requirements for the first time. In the future, there may be more measures to promote consumption and stabilize the real estate market. As for copper semis consumption, attention should continue to be paid to the destocking of the real estate market and new investment projects.

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