clearly four key factors that constitute active fiscal

“The second cheap tera gold quarter GDP growth of 7% is realistic.”
When talking about China’s economic data, Zhu with “serious, realistic” eight words summed up the second quarter of China’s gross domestic product (GDP) grew by 7%.
Zhu on the 18th in an interview with Xinhua News Agency reporter interview that the Chinese National Bureau of comprehensive, detailed configuration data released, including all aspects of the three industries, 7% of the data is realistic.
Zhu pointed out that China’s economic growth last year was 7.4%, while in the past a very long time, China’s economic growth remains above 9%. Therefore, the growth rate of buy tera gold 7% reflects the Chinese economy is facing some pressure.
He said that from the international point of view, China is facing severe external economic environment. Among them, both developed economies monetary policy trend of differentiation, but also geopolitical influence on the world economy. From the beginning, this kind of complex external environment for China’s economic growth does have a negative impact. China’s economic development from the inside, the shift of economic growth, structural adjustment pains, pre-stimulus digestion period, “three overlay” challenges continue to exist.
However, Zhu said the 7 percent growth rate also reflects China’s policy adjustment measures are being gradually put in place. Among them, the most important thing is to adhere to the proactive fiscal policy and prudent monetary policy.
He noted that the “Government Work Report” clearly four key factors that constitute active fiscal policy: First, a modest increase in the budget deficit, the deficit increased from 2.1 per cent last year to 2.3% this year. The second is to promote the structural tax cuts and systematic to administrative charges, reduce operating costs of the real economy, especially for small and micro businesses tax cuts, support for small and micro enterprise development. Third, revitalize the financial capital stock, improve efficiency of financial funds. When it comes to this point, Zhu stressed that “this is a great effort under the State Council, the central and local levels in cleaning up the stock of capital, can not make money on the books lying asleep.” Fourth, increase the supply of public financial support for public goods and policy efforts.