National Committee of the Chinese People's Political Consultative Conference member and Deputy President of the China Macroeconomic Society, Liu Shangxi: Maintain normal economic "temperature" and focus on improving the labor skills of low-skilled groups.
During this year's National People's Congress, Liu Shangxi, a member of the National Committee of the Chinese People's Political Consultative Conference and Vice President of the China Macro-Economic Society, said in an interview with the Securities Times that improving expectations is not a "miracle cure," and one cannot expect confidence to instantly reverse with the introduction of a single policy. Improving expectations depends on the strong synergy formed by policies and reforms working together, allowing market entities to proactively adjust their expectations in visible dividends and promoting a healthy economic cycle. Liu Shangxi believes that this year's economic growth target is more pragmatic and will stimulate confidence in various regions to strive for better results. Including the rise in consumer prices in the control target aims to bridge the "temperature difference" between macroeconomic trends and micro-level perceptions. In the new year, China will further implement a special action to stimulate consumption, promoting increased income for low-income groups by organizing targeted skills training to enhance the labor capacity of low-skilled groups.
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