Chinese Vice Premier Ding Xuexiang affirmed that the economy started 2025 positively, emphasizing the need for enhanced policies to support domestic demand and the property sector. At the Boao Forum, he reiterated calls for open markets in response to U.S. tariffs and outlined China’s intention to focus on domestic consumption and stabilize trade activities.

Chinese Vice Premier Ding Xuexiang announced that the nation’s economy has commenced 2025 positively, emphasizing the need for enhanced policy support to bolster domestic demand and revitalize the declining property sector. Delivering his keynote speech at the Boao Forum in Hainan, Ding underscored China’s ongoing efforts to attract foreign investment amidst global economic challenges and geopolitical tensions.

Ding noted that the economy showed consistent growth from the previous year, stating, “In the first two months of this year, the economy started steadily, continuing the upward trend since the fourth quarter of last year.” He reassured delegates of strong policies in place to further support growth and development.

Reiterating Premier Li Qiang’s remarks, Ding called for open markets and opposed protectionist measures, highlighting the importance of international trade relationships. This statement came in the wake of U.S. tariffs announced by President Donald Trump, which could impact China’s export-driven economy.

To mitigate the effects of these tariffs, Chinese officials are prioritizing the expansion of domestic demand. Ding stated, “We will implement more active and promising macroeconomic policies, expand domestic demand in all directions and actively stabilize foreign trade and investment.” They also aim to enhance the health of the property and stock markets for more sustainable economic growth.

In summary, Vice Premier Ding Xuexiang has expressed confidence in China’s economic trajectory for 2025 while affirming the government’s commitment to implementing supportive policies. The focus will be on enhancing domestic consumption and addressing challenges posed by international trade tensions, especially with the United States. Overall, these measures aim to foster a resilient economy amid ongoing global uncertainties.

Original Source: money.usnews.com

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