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balance point
professor lu ting pointed out that the intensity of fiscal policy should be combined with policy objectives. in the short term, ensuring the basic operation of local governments is the top priority, and needs should be met by increasing the issuance of government bonds or transfer payments.
long term solution
next, professor lu ting proposed a long-term solution: strengthening the work of ensuring housing delivery, allowing the market to clear and rebuild confidence. for the real estate industry, he suggested that systematic statistics and screening be carried out on problematic properties with guaranteed delivery, and corresponding measures should be taken to solve the problem and avoid the tragedy of "unsold houses".
precise policy implementation
another direction of fiscal policy is to target specific groups of people with subsidies. for example, increasing the pension level of farmers not only meets the requirements of social fairness, but also improves the consumption demand structure from an economic perspective, reduces the level of savings, and promotes harmonious social development.
explore new directions
the views put forward by professor lu ting reflect the importance of fiscal policy in promoting china's economic development. he emphasized that it is necessary to find policies with low implementation costs and high efficiency to truly achieve social equity and economic growth and avoid resource waste and market imbalance.
i hope the above analysis can help you understand professor lu ting’s views and the role of fiscal policy in promoting economic development.
