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[China Epoxy Industry Online] December 8, 2004 According to Xinhua News Agency, the Central Economic Work Association has delivered three policy messages that are closely related to investors, which have attracted much attention at home and abroad.
——The “double-stable” policy portfolio was unveiled at the
meeting clearly stated: “In order to maintain stable and rapid economic growth, it is necessary to reasonably determine the expected target of economic growth”, “to implement prudent fiscal and monetary policies, and continue to control the scale of fixed asset investment.
Excessive growth.
” This signifies that since 1998, the macro-control objective of “seeking progress while maintaining stability” and the corresponding combination of proactive fiscal policy and prudent monetary policy have ended its mission; “seeking stability while progressing” has become a new one.
Regulating targets, the "dual-stable" policy combination was officially unveiled.
Under the current circumstances, what are the policy implications of proposing to implement prudent fiscal and monetary policies? First of all, if a “neutral” macroeconomic policy is mentioned in general terms, it will be in contradiction with the complexity of this round of economic growth in my country.