China has announced the plan to increase internal consumption
Tongren, China – March 13, 2025 – Prosecutors, on March 3, 2025, in a supermarket in a supermarket in a supermarket in a supermarket in a supermarket in Gizhou province in Guizhou province.
Cfoto | Future Publishing | Getty pictures
Chinese declared “Special action plan to increase consumption“The proposal to prepare domestic consumption in the world’s second largest economy on Sunday.
The general office of the Central Committee directly increases the consumption of the plan to strengthen the domestic demand, expanding and reducing domestic demand due to the google translation of the plan, “he said.
The extensive free release also noted the exchange of the stock exchange and noted other steps, to develop more bond products according to individual investors.
China’s CSI 300 index and Hong Kong’s Hang Seng Index He rose a little up on Monday, noting about 0.1% of the earnings.
This is a week after China’s Prime Minister Li Qiang, the consumption has reported an annual report on the government’s case, which develops the best task of the advanced year.
Back then, Chinese politicians have acknowledged the needs of the needs counteract the deflation pressure at home.
China is currently in December with the latest consumer prices index, the most recent consumer prices index in December, and Since October 2022, China has been the manufacturer price index in the contract.
The plan announced on Sunday also called for support for supporting the internal tourism to support the ice and snow regions to transform the directions of the global-scale winter tourism. Unilateral visa-free arrangements will be expanded and regional access policy will be optimized.
“There is a lot of new things in the plan, to carry out this as an action plan, and will watch specific steps at local levels.” Said Lynn’s song, the great economist of Great China told CNBC.
More importantly, said the plan shows Chinese Member The decline of long-term structural issues, property and stock markets, such as the slowdown of salary, and fund markets and inadequate social security network.
The plan continues to implement farmers, such as farmers, such as employment support to increase the income of both urban and rural residents, as well as employment support.
The song, “These are more than anything that can be corrected in a few months. They need to help politicians take a vigilance of these topics and the economy managed by consumption.”
“As they say, Rome was not built in one day – neither Byd And China’s home Dominance – China’s Great Policy Directives take time to give fruit, and this document is the seed plants for the long-term development of the consumer industry, “he said.
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Chinese leaders took a 300 billion yuan (41.45 billion) additional 300 billion yuan (41.45 billion) for the annual parliamentary session in January, the subsidy support of consumers.
Richard Harris, CNBC of the Executive Director of the Association of Investment Management Company as Shelter Investment ManagementSquawk Box Asia“This Chinese government should really focus on making the internal economy.
“If the authorities decide to stimulate the economy, decide to continue it and even see some problems with the export side of the economy, they also have,” Harris added.
– CNBC’s Anniek Bao contributed to this report.