The central bank implemented
contractionary monetary policy to combat inflation.
中央银行实行紧缩货币政策以对抗通货膨胀。
A
contractionary fiscal policy may lead to a decrease in government spending.
紧缩财政政策可能导致政府支出减少。
The recession was caused by a combination of
contractionary measures and global economic slowdown.
经济衰退是由紧缩措施和全球经济放缓共同造成的。
The
contractionary effects of raising interest rates can curb inflationary pressures.
提高利率的紧缩效应可以抑制通胀压力。
The government's austerity measures were seen as
contractionary, leading to criticism from some economists.
政府的紧缩措施被视为具有紧缩性，遭到一些经济学家的批评。
In order to reduce the budget deficit, the government opted for
contractionary fiscal policies.
为了减少预算赤字，政府选择了紧缩财政政策。
A
contractionary monetary policy can cause a slowdown in economic growth.
紧缩货币政策可能会导致经济增长放缓。
Central banks often use
contractionary policies during periods of high inflation to stabilize prices.
在高通胀时期，中央银行通常使用紧缩政策来稳定价格。
The
contractionary impact on employment could be severe if these policies are not carefully managed.
如果这些政策管理不当，对就业的紧缩影响可能非常严重。
Some argue that
contractionary policies are necessary in the long run to ensure economic stability.
有些人认为从长远来看，紧缩政策对于确保经济稳定是必要的。
Consumption and private investment are still regaining their footing while the property sector remains contractionary, the ADB said, maintaining its GDP growth forecast for China at 4.5 percent in 2024.
They also urged more policy support to cope with weakening external demand and potential risks, as global economic recovery remains sluggish, major developed economies are adopting contractionary policies, and various factors increase market instability and uncertainty.
Indeed, with a discouraging external environment — the global purchasing managers index continues to decline, the trade order index is still in contractionary territory, the currency index continues a downtrend and global investment is declining — it is natural to think in a pessimistic way about the nation's foreign trade, not to mention that some of the leading trade parameters, such as the export delivery index, new orders index and container index, are all telling a similar story.
Lu Ting, chief China economist at Nomura, said that his team expected manufacturing PMI to remain in contractionary territory in July, due to ongoing property woes and external challenges, while the nonmanufacturing PMI could weaken further on fading post-COVID pent-up demand for in-person services.
As the committee has required, relevant authorities will likely actively introduce market-friendly policies and simultaneously prudently introduce policies with a contractionary effect.
It will also actively roll out more policies conducive to stabilizing growth, the MIIT said in a statement released after a meeting, urging caution when introducing contractionary policies to ensure the industrial economy operates within a reasonable range.
Related authorities should "actively roll out policies conducive to the market and remain cautious when introducing any measures that have contractionary effects," said a statement released after a meeting of the State Council's financial stability and development committee on Wednesday.
The meeting stressed that relevant authorities should earnestly shoulder their responsibilities, actively introduce market-friendly policies and prudently introduce policies with a contractionary effect.
He said the government needs to be prudent in mapping out policies with contractionary effects, and more efforts should be made to expand domestic demand, strengthen industrial and supply chains and guard against and defuse major risks.
(Policymakers) need to be prudent in mapping out policies with contractionary effects," Wang added.
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