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MNI BRIEF: China’s Opportunities Outweigh Negatives - NDRC

MNI (BEIJING)
MNI (Beijing)

China’s economic opportunities outweigh the negatives, allowing for a continued economic recovery this year, Liu Sushe, deputy director of the National Development and Reform Commission (NDRC), said at a press conference on Thursday.

Looking ahead, Liu highlighted the significant investment needed to manage China’s industrial and green transition as a key driver for growth. Authorities had ample policy space, and China would benefit from its institutional strength and stronger economic foundation in 2024. Policy advisors recently told MNI infrastructure investment will represent a key growth driver in 2024, as real-estate adjustment continues for another two-three years. (See: MNI: China Could Seek Moderate Easing Soon To Lift Growth)

On CPI, Jin Xiandong, director of the Policy Research Office of the NDRC told reporters he expected food prices, a key contributor to China’s recent tepid CPI, had the basis for stable operation due to the gradual weakening of cyclical effects.
MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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