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BEIJING, Nov. 20 (Xinhua) -- Since September, a range of Chinese government departments have introduced significant incremental policies aimed at bolstering economic growth. Analysts believe these policies would have profound and far-reaching implications for the Chinese economy and beyond.
These initiatives are extensive and expansive in nature, focusing on five key areas: enhancing macroeconomic counter-cyclical adjustments, expanding effective domestic demand, increasing support for enterprises, stabilizing the real estate market, and boosting the capital market.
As the global community closely observes these developments, various interpretations have emerged regarding this comprehensive policy package. However, many analyses turned out to be superficial or, in some cases, seriously misinterpreting the real goals of the policies and their unfolding effects.
To provide clarity and a more nuanced perspective, this article will discuss the policies' nature, scope, effect and outlook by introducing some key takeaways from renowned economists and experts who have a keen, sharp focus on the world's second-largest economy's past, present and future.
