On February 10, Chinese Premier Li Qiang chaired a State Council executive meeting, outlining measures to stimulate domestic consumption and stabilize foreign investment in 2025.
The meeting focused on boosting household incomes, promoting wage growth, broadening property-related income channels, and enhancing consumption capacity.
It emphasized the need to target consumption sectors with strong spillover effects and significant growth potential. The meeting also called for expanding consumption in the culture, sports, and tourism sectors, promoting the snow-and-ice industry, boosting inbound tourism, and strengthening support for China’s consumer goods trade-in program.
Foreign enterprises were highlighted for their role in job creation, export stability, and industrial upgrading. The meeting urged more practical and effective measures to stabilize existing foreign investment while expanding new investments. It called for optimizing a pilot program for opening up the comprehensive services sector and expanding industries that encourage foreign investment.
Furthermore, the meeting encouraged foreign capital to invest in equity projects in China and called for efforts to improve rules and procedures for foreign mergers and acquisitions. It stressed the need for equal treatment of domestic and foreign enterprises in government procurement and the expansion of financing channels for foreign companies.
The meeting also discussed the removal of outdated production capacities and the promotion of high-end capacities. Finally, it approved, in principle, a draft law on national development planning, which will be submitted to the Standing Committee of the National People's Congress for deliberation.
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