This movie plays as a positive
stimulus to us.
对于我们来说，这电影带来正面的激励作用。
They work hard under the
stimulus of praise.
他们在赞许的激励下努力工作。
Mary's word of praise is a
stimulus to work harder.
玛丽赞扬的话鼓舞人工作更努力。
Ozawa also called for more stimulus measures to further spur purchasing appetites and unleash Chinese shoppers' consumption potential.
小泽还呼吁采取更多刺激措施，进一步刺激购买欲望，释放中国消费者的消费潜力。
Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center at Zhejiang University's International Business School, said more stimulus measures are needed to stabilize employment, improve household incomes, boost people's ability and willingness to spend, and stimulate the purchase of big-ticket items such as automobiles and home appliances, so as to further unleash consumer spending.
浙江大学国际商学院数字经济与金融创新研究中心联合主任盘和林表示，需要更多的刺激措施来稳定就业，提高家庭收入，提高人们的消费能力和意愿，刺激汽车和家电等大宗商品的购买，从而进一步释放消费者支出。
"We are confident in the second half, which is relying on consumption stimulus including product innovations, competitive prices and expansion in both offline and online platforms," she said.
她说：“我们对下半年充满信心，下半年将依靠消费刺激，包括产品创新、有竞争力的价格以及线下和线上平台的扩张。”。
The CFO said the exact reason was not clear, but fading stimulus payments after COVID-19 could have contributed to the drop.
首席财务官表示，确切原因尚不清楚，但新冠肺炎后刺激支出的减少可能是造成这一下降的原因。
The growth opportunities come from many Chinese companies' moves to pursue sustainable growth, the government's foreign trade and consumption stimulus packages and the rapid pace of industrial upgrading, said Kim Fausing, president and CEO of Danfoss Group.
丹佛斯集团总裁兼首席执行官Kim Fausing表示，增长机会来自许多中国公司追求可持续增长的举措、政府的外贸和消费刺激计划以及产业升级的快速步伐。
Many opportunities come from China's moves in pursuing sustainable growth, the introduction of foreign trade and consumption stimulus packages and rapid industrial upgrading pace, said Mike Walsh, executive vice-president of Dekra and the group's head of the Asia-Pacific region.
Dekra执行副总裁、该集团亚太区负责人Mike Walsh表示，许多机会来自中国追求可持续增长的举措、外贸和消费刺激计划的出台以及快速的产业升级步伐。
Thanks to the stimulus policies to increase consumption from local governments, out-of-home consumption and brick-and-mortar traffic gradually rebounded at the beginning of this year, said Kantar.
Kantar表示，得益于地方政府增加消费的刺激政策，今年年初，外出消费和实体交通逐渐回升。
Liu Xin, fixed income director for BlackRock Fund Management Co Ltd, said the Chinese bond and equity markets will churn out more opportunities for active investors this year thanks to China's optimized contagion control measures, improving growth outlook and economic stimulus packages.
贝莱德基金管理有限公司固定收益总监刘欣表示，由于中国优化了传染控制措施、改善了增长前景和经济刺激计划，中国债券和股票市场今年将为活跃投资者创造更多机会。
As the global economy continues to recover worldwide, boosted by widespread stimulus measures, demand for petrochemical products has been rising, he said.
他说，随着全球经济在广泛刺激措施的推动下继续复苏，对石化产品的需求一直在上升。
While many countries are taking stimulus packages to help sustain economic momentum and mitigate the impact caused by the COVID-19 pandemic, the company has been expanding its business scope by participating in individual projects such as innovating various cooperative modes including engineering, procurement and construction, public-private projects and build-operate-transfer deals in overseas markets this year.
Zhou Hao, a professor of the PBC School of Finance, which is part of Tsinghua University, said CBDCs could provide monetary authorities and governments a new means of economic stimulus through direct loans, which can improve the effectiveness of monetary policy.
Philip Hoare, president of Atkins, said the group's growth in China will follow the country's urbanization and industrial stimulus measures to remain competitive, and its project designs in the GBA will be the company's new sample cases during the five-year plan period.
"With the easing of the epidemic in Europe and the US and the continuous introduction of consumption stimulus plans, global demand has picked up, and the demand for shipping logistics has gradually increased.
Samsung said overall market demand expanded in the third quarter as stimulus measures helped major economies recover following lockdowns during the second quarter.
As digitalization, uncertainties in supply chains, government stimulus policies and changes in consumer behaviors are brewing new business opportunities, the CSR sector has a greater chance of becoming a major business sector in the future, Jan Noterdaeme, co-founder and senior advisor of CSR Europe, said during the forum.
The online gaming sector witnessed huge opportunities amid the novel coronavirus outbreak, with 5G, artificial intelligence and virtual reality expected to grow as a new stimulus for the Chinese cultural entertainment industry, according to Robert H. Xiao, CEO of Perfect World, in an interview with China Daily.
(1) Share the government's plans, the stimulus programs coverage, the 14th Five-Year Plan agenda, so the IDC can link technology trends with plans to help traditional industries transform and help new companies adapt to the ecosystem.
We are delighted to see various stimulus incentives from the Chinese government to boost car buying, as our coatings business is directly linked to the car production volume.
"I think the big remaining opportunity for China in terms of delivering stimulus is to leverage the central government's balance sheet.
"In 2024, there will be enough stimulus, financing and support for homebuyers to prevent a collapse in the real estate sector," he said.
They further said China's economy will perform better this year than in 2023, with the existing policies taking effect gradually and more stimulus in the offing, mainly fueled by a steady recovery in domestic demand.
China's economy is likely to pick up pace and grow steadily in 2024 after a bumpy recovery last year, propelled by the gradual increase in domestic demand and with more stimulus policies in the offing, officials and economists said on Wednesday.
She said that keeping up with the current growth momentum will require an ongoing and coordinated stimulus effort over the next few quarters.
Looking ahead to this year, they expect to see better economic performance with China's existing supportive policies continuing to take effect and more stimulus in the offing.
China's consumer prices dropped for the third consecutive month in December, indicating subdued demand and prompting calls for additional stimulus measures to invigorate domestic demand and encourage consumption.
Zhang from the NDRC's Price Monitoring Center said China has the conditions and capabilities to promote economic recovery and register notable growth this year, given the continued recovery trend, existing policies taking effect gradually and more stimulus in the offing.
But he said the odds are high that the A-share market will rebound this year, given the market's lower valuation, the prospect of companies' double-digit profitability in 2024 and room for further policy stimulus.
Wei Jianguo, former vice-minister of commerce and vice-chairman of the China Center for International Economic Exchanges, said he expects China's economic momentum to further strengthen next year as the fallout of COVID-19 fades and various stimulus policies jointly generate effects.
Outlook: Structural reforms vital to recoveryThe World Bank has estimated that China's economy would grow 5.2 percent in 2023, propelled by a gradual recovery of consumer sentiment and policy stimulus.
The latest China Economic Update report said economic activity in China has picked up this year, driven by increased demand for services, resilient manufacturing investment and public infrastructure stimulus.
Shifting a larger share of stimulus financing measures to the national government would expand fiscal space, with China's recently adopted fiscal budget amendment for 2023 a welcome development in this regard, the report said.
In short, a comprehensive and coordinated approach, combining short-term stimulus with long-term structural reforms, is essential to ensure sustainable and balanced economic growth next year.
Private survey shows economy getting back on feet as stimulus takes effectChina's manufacturing activity returned to expansion in November, a private survey showed on Friday, adding to signs that the Chinese economy is gradually getting back on its feet on the back of a series of stimulus measures taking effect gradually.
Despite China's factory activity contracting in November, experts said that further policy stimulus will be effective in bolstering the Chinese economy amid signs of improving business sentiment and the property market bottoming out.
Zhou said he believes that both manufacturing and nonmanufacturing PMI readings will improve gradually in the following months, given China's continued recovery trend and a series of stimulus measures gradually taking effect.
A flood of stimulus measures would be inappropriate in 2024 due to potential side effects and a narrowing policy scope, they said at a forum, stressing the need to prioritize the deepening of market-oriented, rules-based reforms to drive growth.
Speaking at the same event, Gao Peiyong, an academician of the Chinese Academy of Social Sciences, said that macroeconomic policies should precisely support the critical links in economic recovery as wide-ranging, large-scale stimulus have seen a diminishing policy effect and could trigger longer-term pain.
Wu Xiaoqiu, former vice-president of the Renmin University of China, said the scope for using stimulus to boost growth has narrowed and policymakers must use it in crucial areas, adding that the country's total government debt burden is close to the average level seen in developed economies based on some calculations.
"Instead of short-term stimulus, a rules-based system with consistent, stable and effective regulations is the fundamental solution to problems facing the Chinese economy.
Top planning body ensures solid start for 2024 economy with effective movesChina's top economic regulator vowed on Thursday to front-load policy support early next year to achieve a solid start for the Chinese economy in 2024, as mixed economic indicators for October necessitated more stimulus to sustain recovery momentum.
Li's remarks regarding front-loading stimulus measures came after mixed indicators for October indicated that the economy is continuing to recover, but structural difficulties remain.
More stimulus can consolidate the foundation for recovery, they said.
Loo highlighted the necessity of further stimulus to consolidate the recovery trend, saying that a feed-through of these supportive measures will help stabilize growth momentum henceforth.
They said the economy faces pressures from a still-weak domestic demand, souring private investment, ongoing stress in the property sector and mounting uncertainties, but underlined that more stimulus can consolidate the foundation for recovery.
Loo highlighted the need for more stimulus to consolidate the recovery trend, saying that these anticipated supportive measures would help further stabilize the growth momentum.
"Given the stimulus measures of recent months, the economy will stabilize in the coming months, meeting this year's growth target, Niu said.
Meanwhile, citing the better-than-expected third-quarter performance and a series of stimulus policy measures, experts said China's economy remains on a steady recovery track, and they expect the GDP will expand by over 5 percent in 2023, above the annual growth target of around 5 percent this year.
In the past, however, stimulus measures often caused the Chinese economy to quickly overheat.
With the government's latest announcements to stimulate the economy, I believe a lot more stimulus measures will be rolled out.
Experts advocate continuing policy stimulus to consolidate recoveryInternational investment banks have raised their forecasts for China's GDP growth in 2023 to above 5 percent after third-quarter growth figures pointed to signs of stabilization, indicating that the nation's economic performance will likely be in line with the official target.
Nevertheless, political advisers and experts said it is too early to pull back on stimulus measures, as the property market's recovery remains nascent, and consumer spending could weaken further if pent-up demand fades, which in turn could reignite downside risks amid lingering external uncertainties.
More stimulus policies are needed to stabilize and expand employment, raise household incomes and boost spending, he said.
Under such circumstances, policy stimulus measures can be carried out in a variety of ways, but it should be noted that the old model may not be sustainable anymore.
Looking ahead, Sheng said growth will likely pick up in the fourth quarter given the continued recovery trend and stimulus policy measures taking effect gradually.
A: We expect the economy to have reached a cyclical trough in July, and should stabilize in the coming months given the range of stimulus measures put in place.
Experts said Pan's latest remarks have underscored the PBOC's policy stance of continuing to beef up support for economic recovery instead of paring down stimulus amid the recent uptick in economic activity, conducive to solidifying the foundation of the country's economic recovery.
Steven Barnett, senior resident representative of the International Monetary Fund in China, said the country has the scope to boost the economy despite real estate headwinds by reorienting fiscal stimulus to consumer spending and implementing further monetary accommodation given the lack of inflationary pressure.
While China faces real estate headwinds, it has the scope to boost the economy by reorienting fiscal stimulus to consumer spending and implementing further monetary accommodation given the lack of inflationary pressure, Barnett said.
Meanwhile, they called for more follow-up policies, including stronger fiscal stimulus measures as well as monetary policy support, to ensure a durable recovery.
"With fiscal stimulus measures, we can generate more investment demand, which can benefit the private sector and build their confidence for investment," he said, adding that this will create more jobs and boost people's appetite for consumption.
Pan expected China's consumer market to pick up at a faster clip in the fourth quarter, fueled by the Singles Day online shopping festival in November, while calling for more stimulus policies to increase employment, spur the purchase of new energy vehicles in rural areas and promote service-related consumption.
"While recent policy measures have helped to mitigate economic uncertainty, more stimulus may be needed to trigger consumption and investment growth, and avert deflation concerns.
Coordinated policy support seen as key to ensuring that recovery is sustainableChina's economic growth is poised to gather pace in the remainder of the year with a slew of stimulus measures taking effect gradually, showcasing strong resilience and vitality amid downward pressures, according to economists and global executives.
We have to see more following through on the pace of policy, even stronger fiscal stimulus to make sure this recovery is sustainable.
"We expect the economy to have reached a cyclical trough in July, and it should stabilize in the coming months, given the range of stimulus measures put in place," said Louise Loo, lead economist at Oxford Economics.
Yu Weining, a statistician at the NBS, attributed the improvement in industrial profits to the steady rebound in industrial production and improved corporate profitability with a series of stimulus measures gradually taking effect.
"Data on sentiment remains subdued, reflecting the extent of the confidence crisis among homebuyers, consumers, and investors, notwithstanding the cyclical support to activity from stimulus.
xa0Wei Ning, a statistician at the NBS, attributed the improvement in industrial profits to the steady rebound in industrial production and improved corporate profitability with a series of stimulus measures taking effect gradually.
Stimulus measures that are designed to raise investment, without supporting demand structurally, may ultimately raise deflation risks.
Rani Jarkas, chairman of Cedrus Group, said that China's low inflation actually provides scope for injecting more stimulus.
However, the lingering weakness of the real estate market and private investment indicates that more property easing and fiscal and monetary stimulus measures are still likely in the offing in order to consolidate the stabilization in economic growth, they said.
In a sign that policymakers are ramping up stimulus measures, the People's Bank of China, the nation's central bank, cut the amount of money that banks must keep as reserves on Friday, releasing more than 500 billion yuan ($68.7 billion) in liquidity.
"China has stepped up countercyclical adjustment with a raft of targeted stimulus policies," said Zhou Maohua, an analyst at China Everbright Bank.
"Recent policy moves suggest an increased sense of urgency from Beijing, and more sizable easing could come in the next three to six months," a Morgan Stanley report said, describing the recent pace of introducing stimulus as something "not seen since late 2018".
"The government is likely to push forward with another round of infrastructure stimulus, most likely paid for by raising the local government special bond quota," said David Chao, Invesco's global market strategist for the Asia-Pacific, excluding Japan.
Stimulus:xa0Rates cut again to push growthEconomists suggested on Tuesday that China should continue to cut interest rates, increase direct fiscal support to households and the corporate sector, and further ease the property sector, to ensure stable economic growth as key economic indicators pointed to weakening recovery momentum in the world's second-largest economy.
Looking ahead, Zhou Maohua, an analyst at China Everbright Bank, expected to see more stimulus measures in the following months, saying the focus will be on boosting consumer spending, stabilizing the property sector and foreign trade.
Analysts said the new move signals the country's latest push to bolster the private sector, and is part of a package of stimulus measures to revive China's recovery trend amid challenges and pressures from lackluster demand and a more complicated external environment.
He expects consumer inflation to increase in the following months with the improvement in demand and stronger policy support, providing room for more stimulus to shore up the economy.
Ye Yindan, a researcher at the Bank of China Research Institute, said the country will likely introduce a raft of stimulus policies in the third quarter, mainly in key fields such as spurring consumption, boosting confidence in the private sector, and stabilizing the housing market.
They said the economy will gradually stabilize and improve with a package of stimulus policies in the offing to revive the recovery momentum.
"Probably the more effective policy tool will be fiscal stimulus," Subbaraman said.
Recovery:xa0Private economy to get a boostChina's economy grew more slowly than expected in the second quarter of the year, after the strong post-COVID rebound in the first quarter, putting pressure on policymakers seeking to consolidate the recovery trend and raising expectations that the central government will soon roll out more stimulus measures.
In a speech at Soochow Securities' forum in Hong Kong in June, Richard Koo, chief economist at the Nomura Research Institute, highlighted the similarities between China's current economic situation and Japan's balance sheet recession, suggesting that instead of focusing on monetary policy or structural reforms, China should allocate all its resources toward fiscal stimulus to sustain economic activity.
In such a scenario, Koo argues for implementing macroeconomic fiscal stimulus policies, wherein the government lends out savings to ensure sufficient liquidity, maintain economic growth and smoothen the yield curve signaling recession.
Koo's theory, which advocates fiscal borrowing stimulus measures as a means to inject liquidity and resumption of economic growth once balance sheets are repaired, undoubtedly offered innovative and logically sound solutions to Japan's economic downturns at that time.
In fact, market economies have been witness to various transitions — from pre-capitalist laissez-faire policies to Keynesian stimulus measures during the 1929-39 Great Depression, followed by post-war socialist welfare programs, active monetary policies during periods of severe inflation, and the emergence of supply-side measures during times of stagflation, emphasizing tax cuts and reforms.
In the Chinese context, it is highly inadvisable to solely rely on a single fiscal stimulus approach without considering other factors.
Most countries utilizing fiscal stimulus measures as a major tool for economic regulation over a certain period of time can be classified as a combination of "Keynesian policies at the macro level and market economy at the micro level".
Applying a singular strong fiscal stimulus plan, therefore, would lead to a situation of "pure Keynesian policies plus a transitioning market economy", which is fundamentally different from the nature of Japan's case.
In this sense, macroeconomic policy stimulus moves and market-based investments and consumption can come apart at the seams.
Overall, the differences between China and Japan, including the ongoing transition in China's market economy and the varied nature related to balance sheets and debt, make it unlikely that China will successfully adopt a one-size-fits-all potent fiscal stimulus approach without considering other factors necessary along the road to sustainable economic growth.
Private enterprises, which contribute more than half of the country's foreign trade, may have borne the brunt, Gong said, calling for encouraging more participation of private enterprises in the country's infrastructure stimulus campaigns in order to help them tackle shrinking export orders.
Encouraging the private sector, which tends to have high productivity, to play a bigger role in the economy will be integral to China's efforts to avoid policy stimulus from impeding the quality of growth, said Rob Subbaraman, head of global macro research at Nomura.
"With a relatively weak domestic demand weighing on the nation's economic recovery, building infrastructure is even more significant now as such activities can boost domestic demand and shore up market confidence," said Long Chaocan, an analyst and market consultant with China Galaxy Securities Co Ltd. "More supportive measures such as moderately expanding fiscal spending and loosening restrictions on local government bond issuances should be rolled out to ensure investment and economic stimulus.
They called for both short-term stimulus measures and long-term solutions to deal with the structural issues.
Speakers: Nation should focus on digital, sustainable developmentChina needs to steadily advance structural reforms to propel high-quality growth instead of simply rolling out massive stimulus measures, and the focus should be placed on boosting digital and green development, said speakers at the 14th Annual Meeting of the New Champions, also known as Summer Davos Forum, in Tianjin on Thursday.
Looking forward, he said the focus should be placed on boosting confidence of the private sector, and suggested a combination of short-term macroeconomic stimulus in terms of both fiscal and monetary policies.
"The authorities' willingness to provide some macro policy stimulus to support growth also looks to be increasing.
Cui Dongshu, secretary-general of the China Passenger Car Association, said that extending the policy of NEV purchase tax exemption is expected to waive 200 billion yuan in taxes by 2025, and such a stimulus policy will play a crucial role in bolstering the development of the NEV industry in the long run.