The intensity of the move exceeded market expectations, this move will help support the real economy and stabilize financial markets. We've seen rising debt defaults and funding strains on small firms, as well as a sharp adjustment in the capital market.

Wang Jun

Categorized in : Top News

We are likely to see a cold war from economics to other areas, we should be ready for sustained conflict and long-term frictions and maneuvering between the two countries.

Urbanization should be based around human beings, and not just dr... by Wang Jun

Urbanization should be based around human beings, and not just driven by man-made cities.

I think the stabilisation is very fragile, the basic tone of loose policy will continue. It will be even more difficult to achieve 7 percent growth this year if we make slight adjustments to or tighten policy.

I'm not very optimistic about economic growth in the second half. by Wang Jun

I'm not very optimistic about economic growth in the second half.

Increased fiscal spending and recent monetary policy measures are likely to lead to growth stabilisation in the third quarter.

The focus will be on state-owned enterprise reforms, price reforms and fiscal reforms, the economic growth target will definitely be lowered. A target of 7 percent is more appropriate.