Macro policies offer significant room to back China's growth targets for 2025
China is optimistic about fostering sustained economic recovery in 2025 by enhancing domestic demand, pursuing high-level opening-up initiatives, and creating new quality productive forces.
TroibNews 
Yuan Da, deputy secretary-general of the National Development and Reform Commission, the country's top economic planner, stated at a press conference on Friday that "with ample room for macro policies, richer macro-control tools can provide robust support for achieving the 2025 economic growth target."
China's focus moving forward will be on enhancing domestic demand across all sectors. Yuan highlighted that "the advantages of China's vast market remain, and the consumer market is expected to see continued growth." To bolster this, the country plans to "significantly increase the issuance of ultra-long special treasury bonds to support the implementation of large-scale equipment upgrades and consumer goods trade-in programs, as well as the construction of projects aimed at implementing major national strategies and building security capacity in critical areas."
In addition, the top planner committed to strengthening high-level opening-up policies. According to NDRC deputy director Zhao Chenxin, "China is determined to continue opening up its economy to the world in 2025." He further mentioned plans to "encourage greater foreign investment in advanced manufacturing, modern services, high-tech, energy saving and environmental protection."
Yuan also emphasized that efforts would be intensified to stabilize the property market, revitalize the capital market, advance the upgrade of major industries, and foster emerging and future industries.
He noted that "China's economy has a stable foundation, multiple advantages, strong resilience and great potential," adding that "further deepening of reforms, development of new quality productive forces, and boosting the domestic circulation of the economy will stimulate the internal momentum of economic development."
Yuan expressed complete confidence in "promoting continued economic rebound in 2025 and completing the goals and tasks of the 14th Five-Year Plan with high quality."
Mathilde Moreau for TROIB News
China's focus moving forward will be on enhancing domestic demand across all sectors. Yuan highlighted that "the advantages of China's vast market remain, and the consumer market is expected to see continued growth." To bolster this, the country plans to "significantly increase the issuance of ultra-long special treasury bonds to support the implementation of large-scale equipment upgrades and consumer goods trade-in programs, as well as the construction of projects aimed at implementing major national strategies and building security capacity in critical areas."
In addition, the top planner committed to strengthening high-level opening-up policies. According to NDRC deputy director Zhao Chenxin, "China is determined to continue opening up its economy to the world in 2025." He further mentioned plans to "encourage greater foreign investment in advanced manufacturing, modern services, high-tech, energy saving and environmental protection."
Yuan also emphasized that efforts would be intensified to stabilize the property market, revitalize the capital market, advance the upgrade of major industries, and foster emerging and future industries.
He noted that "China's economy has a stable foundation, multiple advantages, strong resilience and great potential," adding that "further deepening of reforms, development of new quality productive forces, and boosting the domestic circulation of the economy will stimulate the internal momentum of economic development."
Yuan expressed complete confidence in "promoting continued economic rebound in 2025 and completing the goals and tasks of the 14th Five-Year Plan with high quality."
Mathilde Moreau for TROIB News
