BEIJING, October 25 (.) – China’s National People’s Congress (PNA, Legislative Yuan) Standing Committee will convene from November 4 to 8, with further stimulus expected for the economy aiming for high-level recovery. be done. growth rate.
The ANP held an internal meeting this Friday, and Standing Committee Chairman Zhao Leki announced the meeting schedule. The meeting will be held behind closed doors to discuss “the country’s financial activities and management of national assets.” According to Xinhua News Agency, some laws have been amended.
The agenda for the ANP leadership committee meeting, which has no supervisory authority and is under the control of the Communist Party (CCP), also includes reviewing energy laws and anti-money laundering laws, although they are not directly mentioned. . Financial bills or new budget plans.
China’s economic growth rate in the third quarter was 0.9%, an increase of two-tenths compared to the growth rate from April to June. Although the figure was lower than experts expected, it was a step forward for an economy that is on the verge of returning to high growth rates, supported by economic growth. New economic stimulus package approved by the government.
Experts predict that China’s economy will grow by 1 percentage point, and given the fragile recovery, there will be calls for further stimulus.
In recent weeks, Chinese authorities have announced and ushered in a series of economic stimulus measures aimed at boosting consumption, curbing the housing crisis and supporting the stock market.
Some experts believe these are “steps in the right direction” but “not enough” for China’s economic recovery unless they are accompanied by increased public spending.
Chinese President Xi Jinping has urged Communist Party officials to “do everything possible” in the fourth quarter to achieve the 2024 “target” of growth of “approximately 5%.” requested.
Weak domestic and international demand, along with the risk of deflation, a lack of economic stimulus, an unyielding real estate crisis, and consumer and private sector distrust, are among the factors that analysts consider to explain the global situation. This is part of the reason for using it. The world’s second largest economy.
