On March 29 and April 6, Premier Li Keqiang presided over the executive meeting of the State Council; On March 30, the monetary policy committee of the people's Bank of China held the regular meeting of the first quarter of 2022; On April 8, Premier Li Keqiang hosted a symposium of economic situation experts and entrepreneurs. Our comments are as follows:
1. Geopolitical conflicts have escalated, and the frequency of outbreaks in China has increased;
2. Unexpected factors outside China have exceeded expectations, and the economic operation is facing greater uncertainty and challenges;
III. firmly set the target and strive to achieve the GDP growth target of "about 5.50%;
IV. effective investment is the key to achieving the expected goal of GDP growth, and infrastructure investment is the top priority;
V. monetary policy maintained the main tone of "flexibility and moderation", and the easing intensity in the second quarter was probably higher than that in the first quarter;
Vi. the interest rate of the first house loan is likely to exceed 5.22% downward. The probability of expanding the pilot cities of real estate tax reform in 2023 is low.
