China has more tools in ‘reserve’ to face economic headwinds amid Trump threats
China has pledged to use more fiscal and monetary tools to ensure economic growth, signaling its determination to tackle challenges including an intensifying trade war with the United States. Top economic officials emphasized that external risks are manageable and that the government is prepared to expand supportive measures if necessary.
During a press briefing at the annual "two sessions" policymaking meetings, officials from key economic bodies, including the NDRC, finance and commerce ministries, the central bank, and the securities regulator, addressed the media. Finance Minister Lan Foan stated that fiscal authorities have sufficient reserve tools to handle internal and external uncertainties. The government will focus on boosting domestic consumption and technological innovation to meet its growth target of around 5% this year, mirroring the target set in 2024.
via SCMP Full Text Feed
China has pledged to use more fiscal and monetary tools to ensure economic growth, signaling its determination to tackle challenges including an intensifying trade war with the United States. Top economic officials emphasized that external risks are manageable and that the government is prepared to expand supportive measures if necessary.
During a press briefing at the annual "two sessions" policymaking meetings, officials from key economic bodies, including the NDRC, finance and commerce ministries, the central bank, and the securities regulator, addressed the media. Finance Minister Lan Foan stated that fiscal authorities have sufficient reserve tools to handle internal and external uncertainties. The government will focus on boosting domestic consumption and technological innovation to meet its growth target of around 5% this year, mirroring the target set in 2024.
via SCMP Full Text Feed
