China Commits to Boosting Economy with Domestic Consumption and Stimulus

China's Communist Party leaders have prioritized boosting domestic consumption as a key economic strategy, pledging to increase the fiscal deficit and issue more special bonds. At the Central Economic Work Conference, they also discussed lowering interest rates and reducing bank reserve requirements. The focus on domestic demand comes amid concerns over deflation and external trade challenges, particularly with potential U.S. tariffs. However, the lack of detailed measures has disappointed investors, who are cautious about the effectiveness of these policies in stimulating the economy.