Intensifying policy implementation helps stabilize growth and expectation

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. Latest statistics show that up to now, all the 15,000 projects funded by such bonds have been launched, a sign of China's strengthened macro-regulation to play the role of government investment in boosting the economy. Restoring and expanding demand is the key to sustained economic recovery while actively expanding effective investment is a key part of expanding domestic demand, in which government investment should play driving effects on social investment. Against this backdrop, the country needs to continuously use macro policies and give full play to the driving role of government investment to further promote stable employment, increase household income and unleash consumption potentials. It should issue and make good use of ultra-long special government bonds, and strengthen the construction of major projects related to national strategies or in key areas, to stabilize and sustain overall investment.