National Bureau of Statistics: Our country's macro policy toolkit is rich, and there is ample room for both counter-cyclical and pro-cyclical adjustments.

Golden Finance reports, May 18 — According to Wang Guanhua, spokesperson for the National Bureau of Statistics and Deputy Director of the Department of Comprehensive Statistics of the National Economy, at the press conference held by the State Council Information Office on May 18, overall, our country’s macro policy toolbox is rich, with ample room for cross-cycle and counter-cyclical adjustments. The precision and effectiveness of policy implementation are continuously improving, and we have the conditions and capabilities to respond to risks and challenges. At the same time, it should be noted that there are still some new situations and old problems in current economic operation, such as the deepening impact of external environmental changes, the prominent contradiction of strong supply and weak demand domestically, and some industries and enterprises still facing difficulties in production and operation. Moving forward, we will fully utilize macro policies, target our measures, make precise efforts, and enhance the endogenous driving force of economic development. (Xinhua Finance)