China\u2019s top economic policy coordinator has urged the country to confront unavoidable challenges, while expressing confidence that investment and consumption growth will recover next year as efforts to boost domestic demand intensify.<\/p>\n
An unnamed official from the Office of the Central Financial and Economic Affairs Commission said the current challenges were \u201cissues arising in the course of development and transition\u201d.<\/p>\n
\u201c[They] cannot be avoided or sidestepped, but with effort they can be resolved,\u201d the official said in an interview focused on last week\u2019s tone-setting central economic work conference<\/a> that was published by Xinhua on Tuesday, citing headwinds ranging from pronounced domestic imbalances between supply and demand to persistent risks in key areas.China\u2019s leadership has reiterated the need to boost domestic demand amid expected external uncertainties, but November retail sales<\/a> recorded the slowest year-on-year growth since the country lifted Covid-19 pandemic restrictions three years ago, underscoring persistent challenges.<\/p>\n \u201cWe have also noted that growth in consumption and investment has slowed in recent months, and there is a need to continue stepping up efforts to expand domestic demand,\u201d the official said.<\/p>\n The official added that investment and consumption growth was expected to recover next year, pointing to a \u201cbright\u201d economic outlook and \u201csufficient conditions to drive sustained growth in domestic demand next year\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s top economic policy coordinator has urged the country to confront unavoidable challenges, while expressing confidence that investment…\n","protected":false},"author":2,"featured_media":351338,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[152612,45,49,48,149165,152611,95,8589,30111,62136,46,125145,78679,7074,152613,74578,9671,23187],"class_list":["post-351337","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-15th-five-year-plan","tag-business","tag-ca","tag-canada","tag-central-economic-work-conference","tag-central-financial-and-economic-affairs-commission","tag-china","tag-communist-party","tag-consumption","tag-domestic-demand","tag-economy","tag-involution","tag-qiushi","tag-services","tag-total-economic-output","tag-trade-surplus","tag-xi-jinping","tag-xinhua"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/351337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=351337"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/351337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/351338"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=351337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=351337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=351337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}