Fiscal policy and monetary policy are important ways to regulate the economy.The prefix of "moderately loose" monetary policy was "prudent" last year, and the prefix of "moderately loose" was adopted last time in 2010, which has not been used for more than ten years, so it is rare.
If you carefully understand these changes in wording, you can feel the great difference.
After the terminal consumption, it has an obvious pulling effect on the middle industry, and the PMI in October and November has also returned to above 50.The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;The prefix of "moderately loose" monetary policy was "prudent" last year, and the prefix of "moderately loose" was adopted last time in 2010, which has not been used for more than ten years, so it is rare.
Strategy guide 12-13
Strategy guide
12-13