China’s CEWC Vows Bolder Economic Support in 2025

Key Takeaways

• China’s leadership pledged to increase the budget deficit, issue more debt, and loosen monetary policy.
• Expected US tariffs and other trade restrictions will make achieving stable growth increasingly challenging for China, necessitating a stronger focus on domestic growth drivers and consumption recovery.
• Specifics regarding next year’s growth target and budget are expected to be unveiled at the annual Two Sessions in March.