In a bold move to strengthen long-term growth, China has unveiled a new economic blueprint that focuses on boosting domestic demand and building resilience amid global uncertainties.
During the recent CPC Political Bureau meeting on July 30, experts noted that the macro environment has become more optimistic compared to just a few months ago. Despite challenges such as fluctuating tariffs, the Chinese mainland has shown remarkable export resilience, contributing to a 5.3% GDP growth in the first half of 2025. 🚀
The blueprint includes a mix of accommodative fiscal measures—such as faster government bond issuances and increased public spending, which surged 8.9% year-on-year—combined with a moderately loose monetary policy to ensure ample liquidity. Efforts to boost consumption, especially in services, and promote urban upgrades are key elements of this strategy.
As the 15th Five-Year-Plan (2026-2030) tops the agenda for the upcoming fourth plenary session of the 20th CPC Central Committee in October, these policies aim to set the stage for a dynamic new chapter in China's economic development. Stay tuned as this exciting journey unfolds!
Reference(s):
cgtn.com
