China is revving up its economic engine to hit its 2025 growth targets, and it's pulling out the big guns 🏭💰! With plenty of room to maneuver, richer macro-control tools are set to provide robust support for the economy, according to Yuan Da, deputy secretary-general of the National Development and Reform Commission (NDRC), the country's top economic planner.
Speaking at a press conference on Friday, Yuan emphasized that China will prioritize boosting domestic demand across the board. \"The advantages of China's vast market remain, and the consumer market is expected to see continued growth,\" he said.
So what's the game plan? China plans to significantly increase the issuance of ultra-long special treasury bonds. These funds will support large-scale equipment upgrades and consumer goods trade-in programs. Think of it like trading in your old smartphone for a shiny new one, but on a massive scale! 📱➡️📲
Additionally, investments will flow into projects aimed at implementing major national strategies and building security capacity in critical areas. It's all about laying down a solid foundation for the future and ensuring sustainable growth.
With these moves, China is gearing up to keep its economic wheels turning and maintain its momentum on the global stage. Stay tuned to see how these policies play out! 🌏🚀
Reference(s):
Ample space in macro policies to support 2025 China growth targets
cgtn.com
