聚焦中央政治局会议|加紧实施更加积极有为的宏观政策

Group 1 - The central government emphasizes the importance of stabilizing employment, enterprises, markets, and expectations, indicating a proactive approach to economic challenges [1] - In the first half of the year, China's GDP grew by 5.3% year-on-year, reflecting positive trends in major economic indicators despite a complex external environment [1] - The meeting outlined the need for continuous and stable macro policies, with a focus on timely and flexible adjustments to support economic stability [1] Group 2 - The People's Bank of China has implemented a series of financial support measures, including reserve requirement ratio cuts and interest rate reductions, to create a conducive environment for economic recovery [2] - The monetary policy will maintain an appropriately loose stance in the second half of the year, aiming to lower the comprehensive financing costs for society [2] - Structural monetary policy tools will continue to support key areas such as technological innovation, consumption, small and micro enterprises, and foreign trade [2] Group 3 - In the first half of the year, local governments issued new general and special bonds totaling 2.6 trillion yuan, with additional special bonds and long-term funding allocated to support economic stability [3] - The focus of fiscal policy will be on the issuance and utilization of government bonds, with an emphasis on accelerating government investment projects [3] - If economic performance meets expectations, fiscal policy will prioritize the effective implementation of existing policies and optimize budget allocations [3]