The National Development and Reform Commission of the People's Republic of China (NDRC) is the state planner.
An official says:
- It will significantly increase ultra-long-term bond financing this year to support “two new programs.”
- It says consumption is expected to maintain steady growth in 2025.
- He says that China's economy faces many new problems and challenges in 2025.
- There is plenty of room for macro policies in 2025.
- Fully confident of achieving sustained economic recovery in 2025.
- The 2025 economic growth target will consider both needs and possibilities, as well as medium and long-term plans.
China's deputy head of state planning says it has allocated 100 billion yuan in 2025 for two “new” and two “major” advance projects.
Chinese equities are getting some support for the views from China so far today
Earlier:
This article was written by Eamonn Sheridan at www.forexlive.com.
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