Amid turbulent global challenges, on May 15 the State Council convened a pivotal meeting to reinforce China’s domestic economic strength. With geopolitical tensions and fragile supply chains testing the global scene, the focus is clear: build from within. 💪
The discussion highlighted that domestic consumption now drives over 60% of GDP growth, marking a shift from short-term stimulus to a sustainable, home-grown model. Key measures include large-scale equipment upgrades, urban renewal projects, and a robust push toward both green and digital transformation. 🚀
Coordinated fiscal and monetary policies were underscored as essential to reinforcing market confidence. Early successes, such as GDP growth in the first quarter of 2025 exceeding expectations, point to a balanced recovery and a resilient path forward.
Overall, China is leveraging its vast internal market to secure steady, high-quality growth in an unpredictable global landscape.
Reference(s):
cgtn.com
