Analyst: Properly move the scheduled fiscal expenditures for the second half of the year to the second quarter, in order to fully boost domestic demand.

Wang Qing, Chief Macro Analyst of Orient Securities, suggested that it is appropriate to move forward some of the planned fiscal spending in the second half of the year to the second quarter, in order to fully boost domestic demand. This could be achieved through a larger-scale implementation of policies such as trading in old for new consumer goods, as well as innovations in other policy tools, effectively stimulating domestic consumption. It is expected that the pace of new government bond issuances this year will be overall accelerated, which could also create room for strengthening fiscal policies in the second half of the year.