China’s annual Central Economic Work Conference wrapped up this week with a clear message: the world’s second-largest economy is doubling down on stability, innovation, and consumer-driven growth despite global headwinds. President Xi Jinping highlighted 2024’s progress in high-quality development and outlined 2025 priorities, signaling confidence in China’s economic resilience.
Key Wins: Real Estate Bounce & Export Surges
New data reveals surprising strength in sectors like real estate, where production indexes saw their first growth since mid-2023 . Meanwhile, exports of containers (+108.7%), ships (+65.3%), and motorcycles (+24.8%) skyrocketed – a win for manufacturing and global trade ties
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2025 Strategy: Boosting Domestic Demand
Next year’s playbook? Supercharge consumption and refine investment efficiency. A new campaign aims to boost purchasing power and confidence among Chinese consumers, focusing on tech-driven industries and sustainable growth. \"Expanding domestic demand is non-negotiable,\" the meeting emphasized.
With tariffs and geopolitical tensions looming, China’s 4.9% YOY trade growth (in yuan terms) shows its economy remains a global anchor. Analysts say the conference’s pro-growth policies could ripple across Asian markets and beyond.
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Central Economic Work Conference boosts confidence in Chinese economy
cgtn.com