Key meeting lays out long-term plan for economic work

Macro-policy regulation

Carrying out macroeconomic regulation with precision and force was called for, as was strengthening counter-cyclical regulation and making more policy options available.

Feng Xuming, an economist at the Chinese Academy of Social Sciences, said strengthening counter-cyclical regulation and policy reserves was proposed, which will drive internal economic momentum.

Strengthening of macro-policy regulation in the second half of this year will be based on the full estimation of the uncertainties and challenges economic growth may face in the third and fourth quarters, and macro-policies will be further improved, said Pang Ming, chief economist with global consultancy JLL China