Spurring consumption among priorities

Nine measures listed to boost growth as part of macroeconomic strategy

Boosting domestic demand and spurring consumption will be among the top priorities for policymakers in addressing economic challenges in 2025, with strong stimulus measures designed to restore consumer sentiment and improve the supply-side offerings, said officials and economists.

Experts said the country is fine-tuning its macroeconomic strategy, marking a significant shift toward a consumption-driven economy as it prepares for expansionary fiscal and monetary policies in the new year.

Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, said the country will adopt a more proactive fiscal policy this year. Measures in the pipeline include increasing the deficit ratio, more ultra-long-term special treasury bonds and local government special bonds and increased fiscal spending to support economic growth.