China's State Council called for stepped-up countercyclical macro policy to
support sustained improvement in the economy and to meet this year's economic
and social targets. It ordered faster implementation of existing measures,
stronger execution of stock policies, accelerated issuance and deployment of
various bonds, expedited start-up of major projects under the 15th Five-Year
Plan and the 'Six Networks' implementation plan, prioritized renovation of aging
reservoirs and grain stores, and expanded interest-subsidy measures to boost
investment and consumption.
