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Asia and Pacific Department Deputy Director Kenneth Kang, summarized that “China can play an important role and wou
ld benefit from further opening up and other structural reforms that enhance competition.”
The previously issued policy is sufficient to stabilize growth by 2020, desp
ite the recent US tariff hike, according to the fund’s report. “No additional policy ea
sing is needed, provided there are no further increases in tariffs or a significant slowdown in growth.”
Only if the trade tensions further escalate and threatChina’s Dragon Boat Fes
tival, or Duanwu, is just around the corner. Also called the Double Fifth Festival, the hol
iday, which falls on June 7 this year, is celebrated on the fifth day of the fifth month of the lunar calendar.en economic and
financial stability, additional policy easing, such as fiscal expansion, could be used to stabilize the economy, it said.
policies for residence permits and financial incentives to lure more talent.
For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua
tes with master’s and doctoral degrees, respectively, after they work in the city for three years.
Haikou, capital of Hainan province, is attracting college students with a monthly rent s
ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.
Employment, especially some groups such as college gradu
ates and demobilized military staff, remains a priority to the government.
Premier Li Keqiang said at a teleconference on May 13 that employme
nt pressure will be felt this year by a larger number of college graduates. However, promotin