CHINA has introduced a set of policy measures aimed at stabilizing growth, expanding domestic demand and mitigating risks. The package of incremental policies has a primary goal of achieving high-quality development. Such policy reserves are available, but the decision will depend on the social and economic conditions at the time, Dong said. Calling it "an unprecedented round of macroeconomic regulation," Wu said that the package of incremental policies is comprehensive, complex and involves significant investment. It is designed not only to address immediate challenges but also to tackle key long-term issues in economic development.

Source: Manila Times November 19, 2024 22:17 UTC