Investment in social welfare to facilitate growth

While China prioritizes boosting consumption this year, it is equally crucial to ensure that investment, the other vital component of domestic demand, is also nurtured and scaled up, analysts said.

Consumption and investment are not mutually exclusive, but rather complementary drivers of domestic demand. Strengthening them in tandem is key to better unlocking the potential of the Chinese economy amid growing external uncertainties, they added.

With a focus on national development strategies and the needs of the people, the country vowed to "leverage government investment instruments of all types, create greater synergy between fiscal and financial policies, and expand project reserves and ensure the supply of production factors", in the 2025 Government Work Report.