China’s upcoming economic conference, led by Minister Lan Foan, is set to address the country’s fiscal strategies to achieve growth objectives laid out in recent high-level political meetings. The conference will build on decisions made at key gatherings like the third plenum of the Communist Party’s Central Committee and a recent Politburo conclave.
In response to the need for economic stimulus, various state bodies have already taken action. The People’s Bank of China has announced reductions in mortgage rates, while the National Development and Reform Commission has allocated 100 billion yuan (US$14.14 billion) from the central budget for 2025.
These initiatives aim to bolster China’s economy amidst global uncertainties and domestic challenges. With a focus on sustaining growth and stability, the conference will provide insight into the government’s strategy for navigating the evolving economic landscape. Stay tuned for updates as China charts its path towards economic resilience and prosperity.