Hey everyone, exciting news is coming from the Chinese mainland! A fresh plan aims to boost consumer confidence while stabilizing both the stock and real estate markets. For the first time, the focus shifts from merely pushing supply to also energizing demand—helping boost household incomes and ease financial pressures.
Li Chunlin, deputy director of the National Development and Reform Commission, highlighted how previous policies emphasized supply-side strategies. Now, innovative measures such as reasonable wage growth and scientifically adjusted minimum wages are set to drive consumer spending and stimulate economic vibrancy.
The plan also takes a multifaceted approach to support the stock market by strengthening strategic reserves, market stabilization mechanisms, and removing barriers for long-term funds like commercial insurance, the national social security fund, and the basic pension insurance fund from entering the market.
In the real estate sector, efforts to curb the downturn and restore stability are underway. This balanced strategy is capturing attention among market watchers, professionals, and young enthusiasts alike—perfect for those of us riding the wave of economic change. 🚀
Reference(s):
China's new policies help stabilize stock and real estate markets
cgtn.com
