China Boosts Economy with Increased Public Spending in 2025
2024-12-24
Mint
China's finance ministry has pledged to accelerate public spending in 2025, with a strong emphasis on stimulating consumption to drive economic growth. This move aims to counter potential headwinds from upcoming US tariffs and support the country's economic expansion. By prioritizing consumption, China hopes to mitigate the impact of external factors and maintain a stable economic trajectory. With a focus on strategic spending, the government seeks to foster a more resilient economy, leveraging fiscal policy to promote sustainable growth and development, including investment in key sectors and infrastructure projects.
