A senior official in charge of economic policy in the Chinese government has acknowledged that the economic growth rate target of around 5% announced by Premier Li Qiang this year can be achieved through a combination of fiscal and monetary policies. Ta.
Chinese Premier Li Qiang announced in the government activity report of the National People's Congress (National People's Congress) that began on the 5th that this year's economic growth rate target is around 5%.
Regarding this, Zheng Qiaojie, head of the National Development and Reform Commission, which oversees economic policy in the Chinese government, said at a press conference on the 6th, ``It is a goal that is based on rational grounds and can be achieved if we do our best.'' He acknowledged that this could be achieved through a combination of fiscal and monetary policies.
However, regarding the future of the Chinese economy, Director Zheng also stated, ``We are facing many difficulties and challenges, such as the external environment becoming more severe,'' and also recognized that there are risks to achieving our goals. I showed it.
Regarding the super-long-term special government bonds that the Chinese government plans to issue over the next few years, Zheng said that they will be used for important strategies such as the development of cutting-edge technology, as well as investments in areas such as food and energy security. ``This will not only stimulate current investment and consumption, but also lay the foundations for high-quality development in the long term,'' he said, emphasizing that high effects can be expected.