中国国务院总理李强周一主持召开国务院常务会议，会议要求出台一系列政策，加大对经济的支持力度，其中包括鼓励有条件的地方政府开展扩大消费措施试点。
China’s Premier Li Qiang chaired a State Council executive meeting on Monday that called for a series of policies to strengthen support for the economy, including encouraging local governments, where conditions allow, to pilot measures to boost consumption.
“针对经济运行中出现的新挑战，应加大宏观政策逆周期调节力度，推动创新驱动、高质量和稳中有进的经济发展。”会后发布的声明称。
“In response to emerging challenges in the economy’s operation, efforts should be made to intensify countercyclical adjustment of macro policies and promote innovation-driven, high-quality and sound economic development,” according to a statement published after the meeting.
声明称，中央政府将继续研究并储备扩大需求的措施，谋划更多带动效应较强的政策工具，完善配套支持措施，并鼓励各地在条件允许的情况下先行试点。
The central government will continue to study and stockpile measures to boost demand, plan more levers with strong knock-on effects, improve supporting measures and encourage localities to pilot them first where possible, the statement said.
尽管此前采取了多项措施，中国国内消费依然疲弱。国家统计局数据显示，作为衡量消费者支出的关键指标，8月零售销售额同比仅增长0.4%，较7月的0.6%有所放缓。
Chinese domestic consumption remained weak despite previous efforts. Retail sales, a key gauge of consumer spending, rose just 0.4 per cent year on year in August, slowing from 0.6 per cent in July, according to the National Bureau of Statistics.
第二季度经济增速放缓至4.3%，低于第一季度的5%，创2022年末以来季度增速最低纪录。
Economic growth slowed down to 4.3 per cent in the second quarter, down from 5 per cent in the first quarter, marking the worst quarterly expansion performance since late 2022.
据高盛周一发布的报告，尽管7月政治局会议释放了更强烈的宽松信号，但各地在8月落实既定措施时进展缓慢。
Despite stronger easing rhetoric at the July Politburo meeting, local implementation of planned measures was slow in August, according to a report from Goldman Sachs on Monday.
报告称：“……财政政策仍对经济增长构成拖累，国内增长动能依然乏力。”该投行预计，第三季度实际国内生产总值增速为4.4%。
“ … fiscal policy remained a growth drag, and domestic growth momentum stayed subdued,” the report said. The investment bank expected the real GDP growth to be 4.4 per cent in the third quarter.
周一的会议讨论了如何促进“有效投资”。会议表示，将加力落实贴息政策，以扩大投资、提振消费，加快各类债券的发行和投放进度，并推动重大项目尽快开工。
Monday’s meeting discussed how to promote “efficient investment”. It vowed to step up implementation of interest-subsidy policies to expand investment and boost consumption, accelerate the pace of issuing and deploying all categories of bonds and push for major construction projects to start as quickly as possible.
会议还呼吁出台更多政策，以稳定房地产市场、促进就业并提高收入水平。
It also called for more policies to stabilise the real estate market, promote employment and increase income levels.
会议承诺宣布一系列“务实有用”的新政策，优化财政支出，并“用好”尚未使用的地方政府债务额度。
The meeting pledged to announce a series of “grounded and useful” new policies, optimise fiscal spending and “make good use” of the unused local government debt quota.
据高盛报告，李提出的渐进式政策措施表明，当前的政策重点是有针对性且适度放松，主要通过财政和信贷渠道推进，而非采取全面刺激措施。
Incremental policy measures laid out by Li pointed to targeted and measured easing – primarily through fiscal and credit channels – rather than broad-based stimulus, according to the Goldman Sachs report.
报告还指出，地方政府财政面临巨大压力，这意味着增量宽松政策只能采取适度措施。
Meanwhile, significant pressure on local government finances should limit incremental easing to moderate measures, it added.
报告同时警告，在加大反腐力度和地方政府领导层调整的背景下，税收征管趋严以及地方官员缺乏启动项目的动力，已经对经济形成抑制，并可能继续妨碍政策传导。
The report also cautioned that tighter tax collection and weak incentives for local officials to launch projects amid intensified anti-corruption efforts and local government leadership reshuffles had been contractionary and may continue to weigh on policy transmission.
近期，一些知名中国经济学家敦促北京扩大中央政府举债规模，加快地方债务重组。中国当前相对较低的物价水平，为通过加大财政支持来提振需求提供了难得的政策窗口。
Some prominent Chinese economists recently urged Beijing to expand central government borrowing and accelerate local debt restructuring, as China’s relatively low price levels offer a rare window for stronger fiscal support to bolster demand.
会议还要求加强对持久性化学品等“新污染物”的源头管控，对重点行业进行筛查，发布重点管控物质动态清单，并落实新化学物质登记制度。
The meeting also called for tighter source control of “new pollutants” such as persistent chemicals, with priority industries to be screened, a rolling list of substances under key control published and a registration system for new chemical substances enforced.
会议还批准了关于事业单位的法规草案，要求其主管部门切实履行监督责任，并对事业单位的公益服务进行评价，以确保医院、学校等单位坚守公益宗旨。徐晓飞
It also approved draft regulations on public institutions, calling for their supervising bodies to be held accountable and for their public-interest services to be evaluated so that hospitals, schools and other such units stay true to their public mission. By Xiaofei Xu