The Chinese mainland's economic team just dropped its mid-year report at the 14th NPC Standing Committee, and it's all about keeping the momentum going for 2025! 🚀
What Went Well So Far?
Zheng Shanjie, director of the National Development and Reform Commission, highlighted six big wins: proactive macro policies, a boost in domestic demand, industrial upgrades, deeper reform and opening-up, better regional coordination, and stronger social protections. Even with global uncertainties, fundamentals are solid! 💪
H2 Game Plan:
- Stabilize jobs, businesses, markets, and expectations
- Keep inflation in check and stay on track with growth targets
- Blend science and industrial innovation 🤖🔬
- Push green, low-carbon development 🌱🌍
- Support public welfare and strengthen security
Money Moves:
Finance Minister Lan Fo'an says fiscal policy will stay proactive and sustained. The focus? Spur new growth drivers, back employment and trade, safeguard livelihoods, beef up risk prevention, and sharpen fiscal governance.
Looking Ahead (2026-2030):
A research report on the 15th Five-Year Plan draft lays out future challenges and law updates. Think national security laws, tech frameworks, environmental safeguards, urban-rural development, and social services. It's all about keeping the Chinese mainland on a steady path to innovation and inclusive growth! 🌟
Stay tuned as policies unfold – it’s a story you’ll want to follow! 📈
Reference(s):
China reports steady economy, unveils H2 measures to sustain growth
cgtn.com
