SMM

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.

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