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MNI BRIEF: Zhejiang High-quality Zone Key For Policy - NDRC

MNI (BEIJING)

The National Development and Reform Commission will learn from its Zhejiang High Quality Development & Common Prosperity Development Zone when it formulates policy to raise household incomes nationwide.

At a press conference on Friday, an NDRC spokesperson said policymakers would take successful measures from the zone, such as boosting the digital economy and increasing disabled workforce participation, and apply them nationwide. The NDRC will also continue tax and fee support policies to further boost market confidence and increase rural revitalisation subsidy funds to support incomes, the spokesperson said.

Policy makers are facing pressure to boost stimulus measures after weak data showed the economic rebound may be slowing. (SEE: MNI: Weak Price Data Adds To Rate Pressure On PBOC- Economists - Bonds & Currency News | Market News)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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