China is gearing up for a dynamic economic shift in 2025, as the Central Economic Work Conference in Beijing outlines new strategies to boost the nation’s economy. The conference concluded with plans to implement a more proactive fiscal policy alongside a moderately loose monetary policy for the upcoming year.
The government’s focus is clear: enhance consumption and stabilize both the housing and stock markets. These measures aim to invigorate domestic demand and ensure steady growth in key sectors.
Robin Xing, Chief China Economist at Morgan Stanley, highlighted the importance of these policies in supporting China’s economic goals. “A proactive fiscal approach combined with accommodative monetary policy can stimulate investment and consumption, fostering sustainable growth,” Xing noted.
Young people and entrepreneurs are expected to benefit from these policies, as increased market stability and consumption can lead to more opportunities in various industries.
As China sets its sights on 2025, the global economy watches closely to see how these strategies will unfold and impact not just China but international markets as well.
Reference(s):
cgtn.com
