CICC: In the next few years, China will most likely be in a state of "fiscal expansion and central bank expansion"
2024-11-04 00:10:06
On November 4th, the China Gold Research Report said that in the next few years, China will most likely be in a state of "fiscal expansion and central bank expansion". Although the specific path and rhythm remain to be seen, in terms of its mechanism of action, the future development is to reduce the dependence on credit (or the expansion of commercial banks' balance sheets), which in turn reduces the role of land scale diseconomy, which is conducive to the potential of economy of scale to promote innovative development.
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