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CHINA PRESS: Authorities To Focus On Consumption In 2025

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Authorities will focus on boosting consumption and domestic demand in 2025 to address low CPI and this year’s expected slowdown in exports, according to Sheng Songcheng, professor of economics and finance at China the Europe International Business School. Sheng said authorities may increase the general public budget deficit rate 4% and expand the scale of the old-for-new subsidy scheme. Based on current trends, Sheng anticipates the decline in the real-estate sector will further narrow this year before stabilising in 2026. 

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Authorities will focus on boosting consumption and domestic demand in 2025 to address low CPI and this year’s expected slowdown in exports, according to Sheng Songcheng, professor of economics and finance at China the Europe International Business School. Sheng said authorities may increase the general public budget deficit rate 4% and expand the scale of the old-for-new subsidy scheme. Based on current trends, Sheng anticipates the decline in the real-estate sector will further narrow this year before stabilising in 2026.