The Central Economic Work Conference has unveiled five key priorities to steer the Chinese mainland’s economy towards 2025. Central to this strategy is the delicate balance between an efficient market and an effective government, aiming to create a flexible and well-regulated economic order. This approach seeks to enhance resource allocation without excessive government intervention, promoting overall efficiency through targeted reforms.
At the core of the conference’s agenda is the comprehensive coordination of various economic factors. This includes balancing total supply and demand, fostering new growth drivers while upgrading existing ones, optimizing incremental growth alongside revitalizing current assets, and simultaneously improving quality and increasing total output. By prioritizing these areas, the Chinese mainland aims to align policy efforts with future economic goals more effectively.
Experts suggest that focusing on areas where government efficacy can synergize with market flexibility will be crucial in maintaining a stable economic order, better meeting growth demands, and infusing vitality into development. The upcoming period will see increased efforts in managing demand, upgrading growth drivers, revitalizing assets, and boosting overall output to sustain economic momentum.
Reference(s):
cgtn.com
