China is gearing up to supercharge its economy and is confident of hitting its 5% GDP growth target for this year! 🚀
Liao Min, vice minister of Finance, shared these optimistic vibes during a World Bank meeting held in Washington DC on Friday. According to a statement from China's Ministry of Finance on Sunday, Liao emphasized that China plans to ramp up its fiscal policy efforts by leveraging government spending to stimulate social investment, boost consumption, and increase effective demand.
\"China is rolling out a comprehensive package of incremental policies that's catching the eye of the international community,\" Liao noted. 🌐
He also mentioned that China will implement strong measures to tackle local government debt, stabilize the real estate market, and increase income levels for key groups, ensuring a brighter future for its citizens. 💪🏠💰
Liao expressed confidence that China will achieve its annual economic growth target of around 5% this year, continuing to contribute positively to global economic growth. 🌏📈
Reference(s):
cgtn.com
