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Meeting of the Political Bureau of the CPC Central Committee: Make full use of more proactive fiscal policies and moderately loose monetary policies, and timely reduce reserve requirements and interest rates

According to online reports, the Political Bureau of the CPC Central Committee held a meeting on April 25 to analyze and study the current economic situation and economic work. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting. The meeting emphasized the need to step up the implementation of more proactive macro policies and make full use of more proactive fiscal policies and moderately loose monetary policies. Accelerate the issuance and use of local government special bonds and ultra-long-term special treasury bonds. Strengthen the bottom line of "three guarantees" at the grassroots level. Reduce reserve requirements and interest rates in a timely manner, maintain sufficient liquidity, and strengthen support for the real economy. Create new structural monetary policy tools and establish new policy financial tools to support scientific and technological innovation, expand consumption, and stabilize foreign trade. Strengthen the consistency of policy orientation. (Jin Shi)

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