China’s policymakers have set their sights on “vigorously boosting consumption, improving investment efficiency, and expanding domestic demand on all fronts” as key economic goals for the country in 2025. With a strategic focus on unlocking the full potential of domestic demand, they are expected to roll out more measures to stimulate consumption and drive investment.
The emphasis on domestic demand comes at a pivotal time as China navigates its economic trajectory amid global uncertainties. By strengthening internal consumption and investment, the country aims to foster sustainable growth and reduce reliance on external markets.
This week on BizTalk, CGTN’s Michael Wang and Wang Tianyu delved into China’s economic future with leading experts. Richard Yetsenga, chief economist at ANZ, highlighted the importance of targeted policies in enhancing consumption patterns. Chetan Ahya, chief Asia economist at Morgan Stanley, discussed how investment efficiency can be improved through innovation and technological advancement. Jonathan Jia Zhu, partner and co-head of Asia private equity at Bain Capital, shared insights on the role of private equity in driving domestic investment.
The panelists agreed that by focusing on domestic demand, China can create a more resilient economy capable of withstanding global economic fluctuations. As policies aimed at boosting consumption and investment take effect, businesses and investors are keeping a close eye on the emerging opportunities within the Chinese market.
Reference(s):
cgtn.com
