China’s economy has begun 2024 on a steady trajectory, bolstered by a stable financial ecosystem and rising investments, officials announced on Thursday. Representatives from the National Development and Reform Commission (NDRC), the Ministry of Finance, and the People’s Bank of China (PBOC) shared insights at a media conference, emphasizing the positive indicators that signal sustained economic growth.
The officials highlighted that continued policy support and reforms have strengthened economic fundamentals. “The stable financial environment has provided a solid foundation for investment growth,” said a spokesperson from the NDRC. “We are witnessing increased activity in key sectors such as infrastructure, technology, and sustainable development.”
At the conference, the Ministry of Finance underscored the importance of fiscal policies in promoting balanced development. “Our fiscal measures are aimed at stimulating innovation and supporting small and medium-sized enterprises,” the ministry’s representative explained. “These efforts are crucial for maintaining economic momentum and creating jobs.”
The PBOC reaffirmed its commitment to prudent monetary policies that support liquidity while guarding against financial risks. “We will continue to ensure that the financial system operates smoothly, facilitating investment and consumption,” stated the PBOC official.
The collective outlook suggests confidence in China’s economic prospects for the coming year. The focus on stability and investment is expected to contribute to sustainable growth, benefiting both domestic and global markets.
Reference(s):
cgtn.com
