Here are some of China's New Year resolutions to boost its economy

Business and Finance Business and Finance

Wed, January 8, 2025

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Here are some of China's New Year resolutions to boost its economy

^{Published on 2025-01-08 06:01:14 - MSN}

China's leaders are bracing for shocks to the economy from higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. To help rev up an economy bogged down by a property crisis and disruptions during the pandemic,

The article from MSN discusses China's economic strategies for the new year aimed at boosting its economy amidst various challenges. Key points include a focus on stabilizing the property market, which has been a significant drag on growth due to debt-laden developers and falling property prices. The government plans to implement policies to support the real estate sector, including easing home purchase restrictions and providing financial support to developers. Additionally, China aims to increase domestic consumption by encouraging spending through subsidies and incentives, particularly in sectors like electric vehicles and green technology. There's also an emphasis on technological self-reliance, with plans to invest heavily in semiconductors and other high-tech industries to reduce dependency on foreign technology. Furthermore, the article mentions efforts to attract more foreign investment by improving the business environment, reducing bureaucratic hurdles, and opening up more sectors to foreign investors. These resolutions are part of a broader strategy to navigate through economic headwinds like global trade tensions, demographic changes, and the aftermath of stringent zero-COVID policies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/here-are-some-of-china-s-new-year-resolutions-to-boost-its-economy/ar-AA1xacgk ]

N@N

Here are some of China's New Year resolutions to boost its economy