Chinese Premier Li Qiang announced a sweeping 300 billion yuan ($41.38 billion) stimulus package during the China Development Forum 2025 in Beijing, signaling a robust push to revitalize domestic consumption and accelerate industrial modernization. The ultra-long-term special bonds aim to address post-pandemic economic recovery while positioning China as a leader in high-tech industries.
"We will deepen reforms to foster a market-oriented, law-based business environment," Li told global business leaders and policymakers on Sunday. The plan prioritizes innovation in emerging sectors like AI, green energy, and advanced manufacturing, with measures to streamline approvals for tech startups and boost consumer spending through retail incentives.
Analysts suggest the initiative could attract increased foreign investment, particularly in China's Yangtze River Delta and Greater Bay Area economic hubs. The announcement coincides with Beijing' push to upgrade 10 strategic industries by 2035, including semiconductors and biotechnology.
