In a strategic move to bolster its economy, Chinese leaders outlined their economic priorities for 2025 during the Central Economic Work Conference held in Beijing. Central to these priorities are boosting consumption and expanding domestic demand, aiming to create a more resilient economic structure.
The conference emphasized the importance of a proactive fiscal policy to support these objectives. By increasing government spending and investment in key sectors, China seeks to stimulate economic activity and sustain growth.
Zhang Ning, Senior China Economist at UBS, shared insights into these strategies, highlighting the rationale behind adopting a \"moderately loose\" monetary policy. This approach is intended to ensure liquidity in the market, encourage lending, and support businesses and consumers alike.
Experts believe that these measures will not only enhance domestic consumption but also position China to better navigate global economic challenges. By focusing on internal demand, China aims to create a balanced economy less reliant on external markets.
As the world watches, China's commitment to strengthening its domestic market underscores its determination to achieve sustainable long-term growth and economic stability.
Reference(s):
cgtn.com
