Chinese authorities have outlined a robust strategy to sustain economic stability through 2025, emphasizing policy continuity and innovation-driven growth during mid-year reviews presented to the National People's Congress Standing Committee.
Balancing Stability and Innovation
With global uncertainties rising, China's plan prioritizes stabilizing employment, markets, and inflation while accelerating industrial upgrades and green development. National Development and Reform Commission Director Zheng Shanjie highlighted six key achievements: expanded domestic demand, improved regional coordination, and strengthened social welfare systems. Despite external challenges, officials reaffirmed confidence in China's economic fundamentals.
Fiscal Strategy Takes Center Stage
Finance Minister Lan Fo'an confirmed a "proactive and sustained" fiscal approach for H2 2025, focusing on employment support, trade stability, and risk management in critical sectors. The roadmap includes boosting new growth drivers like advanced manufacturing and renewable energy infrastructure.
Eyeing the 15th Five-Year Plan
Preliminary discussions for the 2026-2030 development cycle emphasize scientific innovation and people-centered policies. Legislative priorities include updating technology frameworks, enhancing environmental regulations, and refining urban-rural integration models to support long-term growth.
