'Bolder' steps set to navigate uncertainties

Key meeting expected to outline nation's economic policy orientation for 2025

China has "larger room to take bolder action" in macroeconomic adjustments to navigate looming tariff uncertainties, with more subsidies to consumers still possible in 2025, said economists from leading investment banks.

In an exclusive interview with China Daily, Wang Tao, head of Asia economics and chief China economist at UBS Investment Bank, highlighted that beyond stimulus injections, accelerated structural reforms are also on the horizon, which are anticipated to be a key focus of the upcoming high-profile meeting to outline next year's economic work.

"Given the downward pressures, the healthy balance sheet of the central government and the fact that the Chinese government has assets, they still have larger room to take bolder action to come out with bigger stimulus," Wang said.