Domestic Demand
China on Tuesday unveiled a comprehensive policy package leveraging fiscal and financial synergy to boost consumption and energize private investment, further igniting the domestic demand engine. Experts view this coordinated launch as focusing on stimulating private investment and promoting consumer spending, sending a positive signal through ramped-up policy support.
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Beijing has introduced a new 'invest in people' slogan as part of its 15th five-year plan proposal, aiming to stimulate domestic demand by bolstering investments in welfare, pensions, education, and public services. Analysts view this as a rethink of economic strategy to address structural challenges like weak domestic demand and persistent deflationary pressures.