Premier Li stressed solid implementation of policy to stabilize economic growth; mentioned infrastructure, real estate and platform economy
STOCKS
Premier Li stressed solid implementation of policy to stabilize economic growth; mentioned infrastructure, real estate and platform economy
STOCKS

Premier Li stressed solid implementation of policy to stabilize economic growth; mentioned infrastructure, real estate and platform economy

 

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Chinese Premier Li Keqiang stressed efforts to ensure the implementation of policy measures to stabilize economic growth at a special meeting after hearing reports from two working groups which had been sent by the State Council to 16 provincial-level regions.

Li said at the meeting that:

  • China has unveiled a package of policy measures to stabilize the economy and the measures need to be fully implemented;
  • Efforts should be made to help market entities tide over difficulties while expanding effective investment to create demand and boost their confidence among market entities;
  • Efforts should be made to speed up construction of key projects and increase the quota of policy-backed and development-oriented financial instruments based on the local needs;
  • The government will support people’s essential housing needs and their needs for better housing and make good use of the policy toolkit by adopting city-specific policies;
  • China will promote sustained and healthy development of the platform economy and special loans will be used to support the platform enterprises.
  • China will continue to roll out more phased policies to expand consumption and investment and local governments and relevant departments to come up with concrete measures.