Shen Jianguang: The Central Political Bureau meeting first proposed "service consumption and pension re-loans", which is a deepening of "unconventional countercyclical adjustments".

The meeting of the Politburo of the Communist Party of China on April 25 analyzed and studied the current economic situation and economic work. Shen Jianguang, Vice President and Chief Economist of Jingdong Group, said that China still has room in monetary policy, fiscal policy, and market regulation tools. When necessary, through adjusting the deposit reserve ratio or policy interest rates, more long-term funds can be released to the banking system to reduce the financing costs of the real economy. Shen Jianguang also pointed out that for the first time, the meeting has included "service consumption and pension refinancing" in the policy toolbox, which deepens unconventional countercyclical adjustments.