People's Daily Commentary: Macroeconomic Policies Step Up Efforts to Enhance Effectiveness

TechFlow reports that on August 25, according to Jinshi Data, the People's Daily published an article stating that macroeconomic policy should be implemented with greater force and improved efficiency, continuing to adopt a more proactive fiscal policy and a moderately loose monetary policy. The relatively large average daily balance of treasury funds in the first half of the year reflects ample available fiscal resources.

The article emphasizes accelerating the disbursement of fiscal expenditures and bond funds to quickly translate into tangible economic output, while strengthening treasury fund coordination to firmly safeguard the bottom line at the grassroots level. Monetary policy must maintain ample liquidity, keep social financing costs low, and intensify support for expanding domestic demand, technological innovation, and small and micro enterprises. At the same time, fiscal-financial coordination policies should be optimized, and assessments on the consistency of macroeconomic policy orientations must be reinforced.