China is implementing a series of incremental policies to support economic growth, as stated by Zheng Shanjie, chairman of the National Development and Reform Commission. These policies aim to counteract downward economic pressures by strengthening macroeconomic strategies, allocating funds for major national projects, and optimizing the issuance of long-term bonds.
The focus is on enhancing domestic demand through income growth for middle- and low-income groups, promoting consumption, and supporting businesses facing challenges. The government will also improve the business environment, regulate enforcement actions, and accelerate legislative processes.
To address the real estate market and boost investor confidence, comprehensive measures will be taken. Despite challenges, Zheng emphasized the stable operation of China’s economy, with strong market potential and a commitment to achieving economic goals.
Recently, China announced policies like monetary easing and lower mortgage rates, leading to increased second-hand home transactions and a stock market surge. These proactive measures aim to drive economic stability and growth.