In general, there is no need for a move towards a loose or tight policy in the short run, and it is necessary to come up with timely fine-tuning based on economic changes and policy effects.

总体看，短期政策无论放松或收紧都不具备大动的条件，需要在密切关注经济形势变化和前期政策效果的基础上及时动态微调。

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Macroeconomic policy effects depend on many factors, such as right (financial) market system and well - defined property rights.

宏观经济政策效果，取决于诸多因素，比如健全的(金融)市场体系，明晰的产权。

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Macroeconomic policy effects depend on many factors, such as right (financial) market system and well - defined property rights.

宏观经济政策效果，取决于诸多因素，比如健全的(金融)市场体系，明晰的产权。

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