The State Council will hold its executive meeting on 17th,July, analyzing economic situation in 1H and arranging 2H tasks. Whether a series of stimulus will be issued are the main concerns. For future long period, China’s economy growth might meet a standstill. Therefore, simple stimulus couldn’t solve economic problems, we should enhance supply on the basis of adjust demand.
The newly-operated projects planned to be invested RMB6,185.5billion in June, up 47.9% y-o-y. It is a huge problem about how we implement these investment projects.
There is no room to stimulate economy by issuing money, next we should complete land marketing reform.