Reported about 1 month ago
China's Vice Finance Minister Liao Min announced that the country's recent stimulus efforts are designed to boost domestic demand and meet its annual GDP growth target of around 5%. He highlighted the significance of enhancing macroeconomic policies and coordinating monetary strategies to stimulate consumption, especially in light of recent economic challenges. The upcoming meeting of the National People's Congress Standing Committee, set for November, is expected to provide further clarity on the fiscal package, which has included substantial measures aimed at reviving the economy.
Source: YAHOO