Premier Li Qiang Urges Policy Experimentation Amid Weak Retail Sales
Premier Li Qiang has advocated for increased policy experimentation to address ongoing economic challenges, noting that retail sales saw a modest increase of only 0.4 per cent in August.
)
Based on reporting by South China Morning Post:
According to a statement released following a meeting, Premier Li Qiang has called for greater policy experimentation as retail sales have remained weak, showing an increase of only 0.4 per cent in August. The statement indicated that in response to emerging operational challenges within the economy, efforts should be directed toward intensifying the countercyclical adjustment of macro policies and fostering innovation-driven, high-quality, and sound economic growth. The central government plans to continue examining and accumulating measures intended to stimulate demand, develop additional levers with significant ripple effects, and enhance supporting measures. Furthermore, the statement encouraged local governments to pilot these measures where feasible.
)
)
)