Domestic demand recovery continues, foreign investment reforms support debt resolution and financial transformation --- W08 Domestic macro dehydration

  • The ICHI Composite Prosperity Index continues to fluctuate within a narrow range, and the economy remains in the stage of recovery and rebalancing. Consumer demand remains resilient, investment policy transmission experiences a lag, and exports and production are basically stable.

  • The reform of state-owned enterprises and three types of capital has three major impacts on the economy: first, it becomes an important support for local debt; second, it promotes the transformation of fiscal policy from land dependence to asset-driven growth; third, it intensifies credit differentiation in the urban investment bond market.

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