Abstract: More and more researchers believe that the current round of economic recovery is entering a new phase with stronger momentum and greater magnitude. However, the performances of capital markets do not seem to be so optimistic. Now, the key is whether the policy support is strong enough to deal with the possible challenges in the future and bolster the recovery.
There are at least three concerns that must be taken into account when assessing the effectiveness of policy efforts. The current economic recovers in a wave-like way, and a very important reason is the lack of strong endogenous recovery momentum. At this stage, China can and needs to adopt bolder policy measures and should make more targeted responses to the three hidden concerns.
