China is gearing up for its annual Central Economic Work Conference in Beijing, where leaders will set the country’s economic policies and targets for the coming year. Experts anticipate that boosting domestic consumption and stabilizing market expectations will be key focus areas.
Ma Liang, a professor at the School of Government at Peking University, emphasized the importance of enhancing domestic consumption to achieve a balance between domestic and international markets. “Stabilizing expectations is particularly important,” he said. “Only when the government takes responsibility in areas such as childbirth, education, and healthcare will people be willing to consume.”
Li Yong, a senior fellow at the China Association of International Trade, highlighted that industrial policies and measures on infrastructure and real estate are expected to be stressed during the meeting. “Another topic for discussion might include the sustainability of future economic development,” he added. “I believe it will cover various aspects of the economy and set a tone for the 15th Five-Year Plan.”
The conference is seen as a crucial event that will shape China’s economic direction, with expectations that it will address key sectors to ensure steady growth and stability.
Reference(s):
Key meeting aims to keep market expectations stable: Experts
cgtn.com
