
China Bolsters Private Sector Confidence with New Measures
China is boosting confidence in its private sector with new policies and measures, promoting high-quality development and strengthening the economy.
News & Insights Across Asia
China is boosting confidence in its private sector with new policies and measures, promoting high-quality development and strengthening the economy.
China’s key industries showed significant growth in May, with rapid expansion in industrial production, exports, and domestic demand, according to the National Development and Reform Commission (NDRC).
China’s economy continued its steady recovery and improvement in the first quarter of this year, with key economic indicators showing accelerated growth, according to the National Development and Reform Commission.
China’s National Development and Reform Commission (NDRC) states that high export volumes do not signify overcapacity. Official Jin Xiandong highlighted that supply-demand imbalances are common and promote competition.
China’s economy surpassed expectations in Q1, with optimized structure and stable employment fueling improved market confidence, according to the NDRC’s deputy head, Liu Sushe.
The Yangtze River’s water quality has improved for the fourth consecutive year, achieving Grade II status in 2023, reflecting China’s ongoing efforts to protect its longest waterway.
China announces new measures to boost opening-up and attract foreign investment, expanding the “Catalogue of Encouraged Industries” and facilitating lower costs for foreign financial institutions.
China’s economic planning chief affirms that the 2024 GDP growth target of around 5% is achievable with concerted efforts, highlighting confidence in meeting the nation’s development goals.
China’s State Council Information Office held a press conference where NDRC Vice Chairman Liu Sushe discussed the nation’s macroeconomic situation and policies, highlighting efforts to sustain economic growth.
China’s NDRC has set up a dedicated bureau to promote private economy development, signaling a commitment to improving the business environment and boosting private sector confidence.