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Real-time News
March 6 - At a press conference on the economic theme of the Fourth Session of the 14th National Peoples Congress on March 6, Minister of Commerce Wang Wentao stated that the Ministry of Commerce will adhere to the principle of combining improving peoples livelihoods with promoting consumption, and will continue to drive growth through both policies and activities. The Ministry will also further implement special actions to boost consumption and make every effort to promote consumption and expand domestic demand.March 6 – Foreign Ministry Spokesperson Mao Ning held a regular press conference on March 6. A reporter asked, “The international community is paying close attention to the Two Sessions of China, especially this year’s economic growth target. Some commentators believe that one of the reasons China lowered its growth target is the turbulent situation in the Middle East, which may affect energy supplies, and the uncertainty in Sino-US relations. What is the spokesperson’s view on this?” Mao Ning stated, “Looking to the future, as Premier Li Qiang pointed out, we are keenly aware of the difficulties and challenges we face. However, the supporting conditions and basic trends for China’s long-term economic growth remain unchanged, and its institutional advantages and advantages as a major power continue to be demonstrated. As long as we make full use of our advantages and properly address the challenges, China’s development prospects will be even more promising. China’s economic development blueprint demonstrates strategic resolve, policy effectiveness, development vitality, and governance capabilities, which will provide valuable stability and certainty to a turbulent world.”March 6th - The Fourth Session of the 14th National Peoples Congress held an economic-themed press conference at 3 PM on March 6th. Zheng Shanjie, Director of the National Development and Reform Commission, stated at the press conference that efforts will be intensified to remove obstacles to economic and social development. We will deepen reforms and improve the legal system, ensuring that the public and businesses truly feel "three decreasings" in accordance with laws and regulations. We will continue to clean up and abolish regulations and practices that hinder a unified national market and fair competition, reducing barriers. We will improve market access systems to promote the free flow and optimal allocation of goods, services, and resources on a larger scale, reducing unreasonable restrictions.March 6 - At a press conference on the economic theme of the Fourth Session of the 14th National Peoples Congress on March 6, Finance Minister Lan Foan stated that this year, an innovative policy tool for promoting domestic demand through fiscal and financial coordination has been established. This tool focuses on two key aspects: household consumption and private investment. A mechanism has been designed to leverage the respective advantages of multiple policies, including fiscal, financial, and industrial policies, to organically combine and coordinate these policies, thereby driving financial resources and large-scale social capital to flow into consumption and the real economy, further amplifying the multiplier effect of fiscal funds.On March 6, Minister of Commerce Wang Wentao stated at a press conference on the economic theme of the Fourth Session of the 14th National Peoples Congress that during the 14th Five-Year Plan period, my countrys consumer market will remain the second largest in the world, and in terms of purchasing power parity, it will be the largest. Some new trends have emerged in the structure of residents consumption.
