China’s top economic planner relayed a constructive, pro-growth tone at a closely watched press conference, with a focus on incremental funding and support for strategic infrastructure projects, to help the country reach its annual growth target. Premier Li Qiang emphasized the need to stabilize growth and expectations during meetings held the same day. While specific stimulus measures were absent, analysts found positivity in the event’s discussions.
The National Development and Reform Commission (NDRC) chairman spoke alongside deputies, signaling a unified approach towards economic objectives. The involvement of key figures like central bank governor Pan Gongsheng and China Securities Regulatory Commission chairman Wu Qing underlined the importance of the discussions.
With fiscal authorities yet to disclose their plans, observers anticipate further policy easing. The commission’s commitment to a countercyclical macroeconomic policy, promoting domestic consumption, enhancing livelihoods, and updating infrastructure showcases a comprehensive strategy for economic development.