many foreign media focus on china's policy package: sending a strong signal of support for high-quality economic development
2024-09-26
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cctv news：the people's bank of china, the financial regulatory bureau, and the china securities regulatory commission announced a number of important financial policies. china also launched large-scale equipment upgrades and consumer goods trade-ins. a series of policies formed a "combination punch" and sent a strong signal of supporting high-quality economic development.
spain's el país: a number of important policies to promote economic growth
china has launched a series of monetary stimulus measures to boost the economy, including cuts in the reserve requirement ratio and policy interest rates, reductions in interest rates on existing mortgages, and special programs aimed at boosting the stock market. this is the largest set of incentives in recent years, indicating that china is working hard to achieve its target of gdp growth of about 5% this year. pan gongsheng, governor of the people's bank of china, said that the monetary policy introduced this time will help support the real economy and provide a stable basis for the exchange rate. in addition, the policy of lowering the interest rate on existing mortgages will reduce the total interest expenditure of households by about 150 billion yuan per year on average, which will help promote the expansion of consumption and investment.
pakistan's dawn: the policy direction is clear and correct
at present, the prospect of achieving china's economic growth target in 2024 is relatively optimistic. moody's experts analyzed that the chinese central bank's loose monetary policy and increased consumption stimulus are desirable ways to inject more confidence into economic development. favorable policies are very effective in helping chinese families ease financial constraints and further stimulate consumption. some economists said that there is still room for further easing of china's economic policies in the coming months.
china hong kong wenhui news: real estate market welcomes multiple positives
the article points out that the central bank's policy stimulus has played a positive role in reducing home purchase costs, continuously enhancing home purchase confidence, and continuously reducing the risks of existing mortgage loans. the policy is strong and benefits a wide range of people. experts said that stabilizing the property market will help boost consumption and drive economic growth. lowering the interest rate on existing mortgage loans can reduce the repayment pressure of home buyers and release tens of billions of yuan of purchasing power. lowering the reserve requirement ratio will also help release more funds. for the capital market, these major policy adjustments are conducive to boosting investor confidence, and multiple measures have been taken to provide good support for the real estate market.
french european times: the "old for new" policy boosts consumption and investment
china is promoting large-scale equipment upgrades and the replacement of old consumer goods with new ones. the 150 billion yuan of ultra-long-term special treasury bonds to support the replacement of old consumer goods with new ones were all allocated to local governments in early august. driven by the policy, sales of key consumer goods such as automobiles, home appliances, and home furnishings have increased significantly. data show that in august, china's passenger car retail sales volume was 1.905 million, a month-on-month increase of 10.8%. the sales of home appliances have also improved significantly, and the retail sales of high-efficiency appliances have grown particularly rapidly. the policy of replacing old consumer goods with new ones has also indirectly driven the investment and efficiency growth of related industries. in the first eight months of this year, investment in the consumer goods manufacturing industry increased by 14.9% year-on-year.
source: cctv.com
