China plans increased spending and bond issuances to boost economic demand

scmp.com

China's leaders announced plans to increase government spending to boost domestic demand after the central economic work conference. They will raise the fiscal deficit ratio and issue more treasury bonds in 2025. Policymakers stated that they aim to meet national development targets for 2021 to 2025. They acknowledged ongoing economic challenges but emphasized that the overall economic trend remains positive. Next year, China will launch campaigns to encourage consumption and enhance investment through government spending. The focus will be on steady economic growth and maintaining job and price stability.


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