Link https://wallstreetcn.com/articles/3650364
As usual, the main direction of the government has not changed since 2021, stabilising employment, stabilising the economy. The word of the year for 2022 is Stability 稳。
Interesting highlights from the meeting:
- BOSS 直聘在场
For those who don’t know, BOSS recruitment has become one of the leading platforms for recruitment in China, so it was interesting to see PM Li KeQiang invite the CEO to speak at the meeting. This also shows how concerned the government is with employment, and with understanding the employment situation from a bottom up level.
2. 更好发挥内需对经济增长的拉动作用，以政府投资撬动社会投资，推动重点建设
The government acknowledges that investment, particularly in infrastructure and property is an important part of the chinese economy. As such, 2022 will probably see more infrastructure projects. The question on my mind is, how much leverage is the central government willing to take on? In China, government debt is split into local government debt, and central governmetn debt.
3. 多措并举提升居民收入和消费能力，释放消费潜力。
I think we are going to see some pretty interesting policies to encourage consumer spending in 2022.
Little Monkey 