In response to ongoing global economic uncertainties, Chinese authorities have announced a series of new policies aimed at revitalizing the economy. The initiative, unveiled on January 28, 2025, focuses on enhancing production capabilities, increasing domestic demand, and fostering innovation. Key measures include the introduction of incentives for small and medium-sized enterprises, tax breaks for technology firms, and support for green energy projects. According to Zhao Ling, an economist at the National Development and Reform Commission, ‘These policies are crucial for sustaining economic activity and fostering a resilient growth environment.’ The government aims to achieve a GDP growth rate of at least 5.5% in 2025. Additionally, the Ministry of Finance indicated that these strategies would help create over 2 million new jobs this year. The announcements were made during a press conference attended by key officials, including Minister of Finance Liu Kun and Chairman of the National Development and Reform Commission, He Lifeng, who emphasized the importance of boosting consumer confidence and stabilizing the market. ‘Stimulating demand is essential for recovery,’ He stated. The news comes as various sectors, particularly in manufacturing and services, have experienced a downturn due to external pressures and lingering effects of the pandemic. Experts believe that the successful implementation of these policies could mitigate economic setbacks and promote long-term growth. The government is also expected to roll out further measures throughout the year to ensure a stable economic environment.
China Launches New Policies to Boost Economic Growth Amid Global Uncertainty
