Report: Creating a favorable interest rate environment for fiscal policy expansion through interest rate cuts
Original title: Renmin University report proposes interest rate cuts to create a favorable interest rate environment for fiscal policy expansion. CSI (Reporter Zhao Baizhinan) “China Macroeconomic Forum” hosted by the National Development and Strategic Research Institute of Renmin University of China on the 21st released monthly macroeconomic data”Analysis Report (October 2019)”.
The report said that in the first three quarters of 2019, it was faced with unfavorable factors such as internal structural adjustments and the release of contradictions, the decline in the external world economy and trade, and the increase in uncertainty in the international trade environment, which led to a huge increase in the economic gap. The main macroeconomic indicators remained atReasonable interval.
Facing the downward pressure of the macro economy in the future, we need to actively respond.
The report recommends that the first is to increase the adjustment of counter-cyclical macroeconomic policies, and to reduce the interest rate of monetary policy to cope with the easing monetary policy competition that has occurred internationally, and to create a favorable interest rate environment for the further expansion of fiscal policy.Synergies are formed between policies, structural adjustment policies, and policies to further deepen reforms and expand openness.
In a more lenient interest rate environment, fiscal policies and structural adjustment policies are used to guide and cultivate effective investment and demand that are oriented towards improving people’s livelihood, and form a continuously strengthening positive interaction between domestic demand growth, investment growth, and effective supplementation.
The second is to deepen the high-level economic and trade cooperation with Japan, ASEAN, the European Union, Russia, and the countries along the Belt and Road in the context of the overall 佛山桑拿网 downturn in the world economy and international trade.
Actively carry out preliminary, regional and sub-multilateral level cooperation and policy coordination to create favorable conditions for gradually responding to the uncertainty of external trade.
The third is to actively participate in and effectively promote the improvement and development of the rules-based international trade and investment system, adopt more flexible and pragmatic negotiation strategies under the WTO framework, promote the improvement and development of the multilateral trade and investment system, and fundamentally promote the international trade environmentImprovement.
A pragmatic “China plan” on competition policy, copyright protection, government subsidies, government procurement, investment policies, digitization, fintech and inclusive 南京桑拿网 growth.