First published: Observing China, Council on Geostrategy, 17 December 2024
The PRC’s economic policy makers remain anxious that successive rounds of increasingly assertive measures to stabilise the economy have not yet gained traction. The annual end-year Central Economic Work Conference (CEWC), a formal event at which the government outlines priorities and key issues for the coming year, convened on 11th-12th December and set out nine key tasks for 2025. In a shift in emphasis, the government made boosting consumption and improving the efficiency of investment to expand domestic demand the number one task. This marks a shift in position from the main goal of this year which was to leverage technology to develop so-called ‘new productive forces’ to build a modern industrial system. Read on….https://chinaobservatory.substack.com/p/what-are-the-chinese-governments
