In the long term, these practices not only hinder innovation and sound economic growth, but also undermine the well-being of people
China will undertake a “more proactive” fiscal policy and a “moderately loose” monetary policy. This marks a significant shift
In this way, by 2028, the total amount of hidden debt can be reduced to just 2.3 trillion yuan (US$320b), or about 16 percent of its current level
Universities are encouraged to expand enrollment in the sciences, engineering, agriculture and medical programs, fields that are deemed more useful for the development of new quality productive forces
As China upgrades its industries, the trade relationship with developing countries has become more complimentary, while relations with developed countries have become more competitive
The meeting identified two policy priorities: boosting consumption and promoting innovation and future industries, to meet both short-and long-term economic goals