CHINA-ECONOMY: CPPCC CONVENES MEETING ON THE ECONOMY

China's top political advisory body, the CPPCC, held a symposium on the economy on July 15. Nine CPPCC members shared their views, including former top Party and state economic advisors Yang Weimin and Liu Shijin. Officials from key ministries also took part. Their key recommendations for stabilizing the economy were: Keep improving the business environment to energize market entities; Launch an initiative to double the size of the middle class; Prepare a more proactive fiscal policy; Take a more sophisticated approach to financial-derisking that develops proper financing channels as sources of liquidity rather than simply cracking down on illegal channels; and Develop broader international cooperation to offset the trade conflict with US.





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