On April 25, a high-level meeting assessed the current economic situation and deployed work, emphasizing the need to accelerate the precise implementation of macro policies and fully unleash the combined effects of proactive fiscal and accommodative monetary policies.
The meeting clearly required accelerating the issuance and deployment of funding tools such as special bonds for local governments and ultra-long-term national bonds, solidifying the 'bottom line' for people's livelihood guarantees, grassroots operations, and wage payments. At the same time, based on the economic operation situation, flexible reduction of reserve requirements and interest rates should be conducted to maintain reasonable liquidity in the market, providing strong financial support for the real economy.
In terms of policy innovation, special structural monetary policy tools will be introduced, and new policy-based financial support programs will be established, focusing on targeted efforts in areas such as breakthroughs in technological innovation, activation of consumption potential, and enhancement of foreign trade resilience. Moreover, the meeting emphasized the need to strengthen policy coordination, integrating the rhythm and goals of fiscal, monetary, and industrial policies to form a multidimensional and high-efficiency economic support system.
