Although many research groups have made estimations on China's #economicgrowth in the first quarter of 2020, no consensus has reached yet, as the economic loss caused by the novel coronavirus outbreak remains highly uncertain. mp.weixin.qq.com/s/dCaf9uWCwtQB…
Although the proposal of #newinfrastructure has captured wide attention in China, it will require in-depth study and evaluation to see if it can trully help support China’s economic recovery and help the country reach its economic and social development targets for 2020.
New framework of policy options is required under high uncertainty.
At the moment, because neither the economic entities nor the economic circular flow is normalized, conventional macroeconomic policies lacks effective transmission path.
Therefore, it is inadvisable to finalize the future macroeconomic stimulus policies and corresponding plans without second thought, or fully implement the recovery and stimulus scheme in haste.
In the meantime, rational and prudent assessment of new stimulus package is needed as well.
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