Fundamental Insight
We all know that U.S. in tightening cycle now, and half of the world will follow soon, but only China did the rate cut.
We all know that U.S. in tightening cycle now, and half of the world will follow soon, but only China did the rate cut.
- On January 5, Premier Li said the government should implement “new and greater
combined tax and fee cuts ensure a stable start for the economy in Q1
stabilize the macroeconomy.”
- On December 27, the MoF reiterated that it would “strengthen the coordination and
linkage of fiscal and monetary, employment, and other policies” and added that the
government will “give play to the role of fiscal policy to stabilize investment and
promote consumption.”
- The PBoC recently added a new call to “take more proactive measures to boost
support for the real economy” and “better stabilize the aggregate credit growth” as
well as “bring down the overall financing costs for businesses.”
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评论:
Lower time frame for now:
