China’s NDRC vows more proactive, effective macro policies in 2025
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The National Development and Reform Commission (NDRC), China’s top economic planner, said on Friday that it will implement more proactive and effective macro policies in 2025 to foster an economy on an upward trajectory with better structure and sound momentum.
Speaking at a national work conference, Zheng Shanjie, head of the NDRC, stressed efforts to strengthen counter-cyclical adjustment and improve the consistency of macroeconomic policy orientation.
Efforts will be made to expand domestic demand on all fronts, develop a unified national market, promote the upgrading of key industries, deepen people-centered new urbanization, and work actively and prudently toward the goals of reaching carbon emissions peaking and carbon neutrality, according to Zheng.
The NDRC will also step up moves to fulfill the goals and tasks in the 14th Five-Year Plan (2021-2025) and carry out the formulation of the 15th Five-Year Plan (2026-2030) effectively, Zheng said.
Zheng also highlighted some major tasks this winter, including agricultural production, the supply of coal, power, oil and natural gas, and travel-rush management.
Reference Link:- https://english.news.cn/20241213/b6008603c7874d498247ca653ef75412/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
