Due to the huge uncertainties facing China’s economy, the target #GDP growth in 2020 and the macroeconomic #policypackage being designed have become the focus of our concern. mp.weixin.qq.com/s/pdAoD6fhFLFi…
A scientific scheme requires the comprehensive innovation of macro-management theory.
CF40 member Liu Yuanchuan suggested that China’s #expansionary policy package need accomplish the goals of pandemic control, pandemic relief, resumption of work, offsetting downward pressure, ensuring the stability as well as goal attainment.
The effects of this mega #pandemic has spread not only to supply and demand, but also to market expectation, which arises from humanitarian and social crises. Multiple epidemic impacts along with varied consequences necessitate us adopting diversified #hedging policies.
According to Liu, considering the extreme uncertainties in foregoing phases and impacts, policy design of each phase needs to attach great importance to the "bottom-line management" mentality.
Schemes and goals of different phases must be implemented progressively on top of the "bottom-line thinking", rather than all at once.
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