Macro policies can mend structural imbalances : vimarsana.co

Macro policies can mend structural imbalances


Macro policies can mend structural imbalances
By ZHU MIN |
China Daily |
Updated: 2021-04-26 09:33
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[CAI MENG/CHINA DAILY]
Economic rebalancing, structural recovery, development and transitions, rather than pursuit of a large size of economic aggregate, are the main goals of China's macroeconomic policies this year.
We should attach importance to both GDP growth and economic structural adjustment, which is a major direction of our country's macroeconomic policies.
Last year, governments around the world put emphasis on preventing economic recessions and promoting an economic rebound. Therefore, at that time, the main target of policies was to maintain fairly high GDP growth. That is why, we saw unprecedented fiscal and monetary stimulus.

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