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China’s Financial Reforms Pave Path for 2025 Growth, Expert Says

As China approaches the final year of its 14th Five-Year Plan in 2025, policymakers are laying groundwork for sustained economic growth through financial system reforms. He Ping, associate dean of Tsinghua University's School of Economics and Management, emphasizes that this transitional phase presents both challenges and opportunities for realizing China's vision of becoming a modern financial powerhouse.

Strategic Planning for Economic Transformation

He Ping highlights the critical role of the Five-Year Plan mechanism in coordinating market forces with national development goals. "The transition between plans allows for course correction while maintaining long-term strategic focus," he noted, pointing to ongoing efforts to optimize capital allocation and strengthen financial risk controls.

Key Reform Priorities

The expert identified three core areas for advancement:

  1. Deepening capital market reforms to support innovation-driven industries
  2. Enhancing regulatory frameworks for emerging financial technologies
  3. Expanding international cooperation through mechanisms like the Asian Infrastructure Investment Bank

Balancing Growth and Stability

With China's economy accounting for nearly 20% of global GDP, He stressed the importance of maintaining stability while pursuing ambitious growth targets. The proposed reforms aim to create more efficient financing channels for green energy projects and advanced manufacturing sectors central to China's modernization agenda.

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