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China says it will take a more proactive fiscal policy in 2025, with a higher deficit-to-GDP ratio. It will also carry out a moderately loose monetary policy, and take measures to ensure ample liquidity. According to the International Monetary Fund, China is expected to remain the major contributor to global economic growth this year. How can the Chinese economy sustain its momentum? And how has China's pursuit of high-quality development affected the global economic landscape?
China says it will take a more proactive fiscal policy in 2025, with a higher deficit-to-GDP ratio. It will also carry out a moderately loose monetary policy, and take measures to ensure ample liquidity. According to the International Monetary Fund, China is expected to remain the major contributor to global economic growth this year. How can the Chinese economy sustain its momentum? And how has China's pursuit of high-quality development affected the global economic landscape?