China has pledged to build a robust domestic market to counter external risks following a high-level policy meeting \u2013 a strategy that analysts say signals more pro-growth measures and a better balance between supply and demand.<\/p>\n
The central economic work conference \u2013 an annual gathering of the Central Committee of the ruling Communist Party and the State Council, China\u2019s cabinet \u2013 concluded on Thursday with a nationwide call to \u201cstrengthen our own capabilities to cope with external challenges\u201d, according to a readout by Xinhua.<\/p>\n
\u201cWe must fully tap our economic potential and must uphold both policy support and reform and innovation,\u201d the nation\u2019s top leadership said, according to the readout released on Thursday after the conclusion of the two-day conference, which typically lays out the broad fiscal and monetary agenda for the coming year.<\/p>\n
\u201cWe must ensure that [the market] is allowed to operate freely while being well regulated, and must closely combine investment in physical capital with investment in people.\u201d<\/p>\n
The conference addressed a range of domestic challenges that the world\u2019s second-largest economy is now facing, including a sharp contradiction between strong supply and weak demand, low price levels, \u201cinvolutionary\u201d competition and local governments\u2019 financial difficulties, as well as medium- to long-term challenges such as an ageing population amid declining birthrates.<\/p>\n
The goal is to better balance supply and demand, which represents a significant shiftDing Shuang, Standard Chartered<\/p>\n
With China seen as largely staying on course despite rising external headwinds in 2025, next year is critical as it\u2019ll be the first covered by China\u2019s 15th five-year plan.<\/p>\n","protected":false},"excerpt":{"rendered":"China has pledged to build a robust domestic market to counter external risks following a high-level policy meeting…\n","protected":false},"author":2,"featured_media":179663,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5560,114,58724,1657,18551,184,85,46,15975,32589,9444],"class_list":{"0":"post-179662","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-central-committee","11":"tag-china","12":"tag-communist-party","13":"tag-economy","14":"tag-il","15":"tag-israel","16":"tag-state-council","17":"tag-the-united-states","18":"tag-xinhua"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/179662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=179662"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/179662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/179663"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=179662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=179662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=179662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}