Beijing, April 21 — At a briefing on China's first-quarter economic performance, experts from the China Finance 40 Forum Institute (CF40 Institute) outlined a strategic response to U.S. tariff pressures: bolstering domestic demand, lifting household incomes, and further opening up to foreign investment.
Analysts say these measures could shield the Chinese mainland economy from headwinds as trade tensions persist.
Boosting Home-Grown Consumption
To reduce export reliance, policymakers are introducing targeted incentives—from tax breaks on everyday purchases to support for small businesses. The goal: turn local consumers into growth drivers and fuel sustainable expansion.
Elevating Income Levels
Higher wages and enhanced social benefits are central to raising purchasing power. By narrowing income gaps and promoting equitable growth, authorities aim to keep spending robust even if external demand wanes.
Unlocking Foreign Investment
Market-access reforms and streamlined approval processes are on the agenda. Experts believe welcoming overseas capital can introduce cutting-edge technology, boost productivity, and reinforce confidence among global investors.
Looking Ahead
While U.S. tariffs present short-term challenges, CF40 analysts remain cautiously optimistic. With domestic demand and international partnerships at the heart of the recovery plan, the Chinese mainland economy is poised to adapt, innovate, and maintain momentum.
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Experts: Economic boost, further open up to tackle U.S. tariffs shock
cgtn.com
