(1/6) The recent meeting of the Political Bureau of the CPC Central Committee (#Politburo) assessed the current economic situation and deployed economic work for the second half of the year. The meeting delivered several key messages. mp.weixin.qq.com/s/smZUGeGq-MfK…
(2/6) First, #Politburo for the first time decides against relaxing property curbs to stimulate slowing economy. "We should adhere to the principle that #housing is used for living, not for speculation..." said the Politburo in a statement released after the meeting.
(3/6) Second, investment and financing of manufacturing industry comes into sight of China's leadership. In a recent CF40 seminar, speakers pointed out that the industry faces 4 main financing challenges: narrow channels, strict criteria, expensive costs and short loan duration.
(4/6) Experts suggested: a. optimize financial ecosystem; b. precisely connect effective demand of manufacturers with financial industry; c. promote corporate reform on manufacturing industry; d. adopt digital thinking in regulation; e. increase governmental investment in R&D.
(5/6) LIU Jun, a member of CF40 and Executive Vice President of CIC, proposed that "market-based means should be used to solve the financing problem of manufacturing."
(6/6) The meeting also touched upon structural reform, STAR and financial opening-up, among a host of heated-discussed policy issues. Many experts proposed to deepen supply-side structural reform, so as to improve the capacity of industrial basis and level of industrial chain.
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