刘晓光

中国东谈主民大学国度发展与计策无间院培育

A view of a shopping mall in Wuhan， Central China’s Hubei Province File photo: VCG

Latest economic statistics showed that in the first two months of this year， China's industrial， services， consumption and investment indicators all experienced faster year-on-year growth. The National Bureau of Statistics said that economy has kicked off on a stable note this year.

This stability arises from the ongoing economic recovery that began in the fourth quarter of last year and is expected to continue. China introduced a series of incremental policies starting in late September and the economy experienced a rebound in the fourth quarter， successfully meeting the annual GDP growth target of 5 percent.

Recent policy enhancements following the Two Sessions are bolstering domestic demand and economic activity， which is expected to help Chinese economy mitigate the impacts of external uncertainties， including tariff hikes and global economic fluctuations.

Even in the face of increasing external adverse influences， the momentum of China's economic development remains stable. Guided by the growth target of about 5 percent set in the Government Work Report， along with macro policy support， China's economy is likely to gain pace. It is reasonable to keep optimistic about the world's second-largest economy.

The key orientations of China's economic policy in 2025 include: a more proactive fiscal policy， an appropriately accommodative monetary policy， and a priority on expanding domestic consumption and highlighting high-quality development through innovation.

Despite uncertainties in the external environment， through policy support and the enhancement of domestic demand， China's economy is expected to achieve a robust and high-quality growth.

According to the Government Work Report， a total of 1.3 trillion yuan of ultra-long special treasury bonds， 500 billion yuan of special treasury bonds and 4.4 trillion yuan of local government special-purpose bonds will be issued this year.

By all metrics， fiscal policy in 2025 is expected to act more proactively， with a focus on concentrated efforts in the second and third quarters this year to consolidate the momentum of economic recovery.

In terms of monetary policy， the Government Work Report proposed a moderately loose monetary policy， which is the strongest policy signal in the past decade， indicating that monetary policy will become more proactive.

The pace of interest rate cuts by the US Federal Reserve may bring some complexities into China's monetary policy implementation， but it will not affect the effectiveness of the People's Bank of China's rate cuts and other regulatory measures.

For this year， expanding domestic demand has been put as the top primary task， with a focus on boosting consumption and investment returns.

In the past， policies have focused on stimulating demand through increasing investment; however， in 2025， there would be a stronger emphasis on boosting domestic consumption and market demand. Moreover， in the face of the impact of US tariff hikes， expanding domestic demand is a key strategic move to cope with the uncertainties of external demand.

Looking ahead， China's economy is expected to showcase more highlights of high-quality development driven by vigorous scientific research and technological innovation， which will lay a solid foundation for sustainable economic growth.

With the dual support of government policy and market vitality， China's economy is expected to take more solid steps on the path of high-quality development in 2025， and continue to contribute to global economic growth.

著述开始：《环球时报》

微信裁剪：张菁菁

东谈主大国发院是中国东谈主民大学集全校之力要点打造的中国特质新式高校智库，现任理事长为学校党委通知张东刚，现任院长为校长林尚立。2015年入选寰宇首批“国度高端智库”确立试点单元，并入选全球智库百强，2018年头在“中国大学智库机构百强排名榜”中名列第一。2019年在国度高端智库概述评估中入选第一层次梯队，是独一入选第一层次梯队的高校智库。

东谈主大国发院积极打造“新平台、大网罗，跨学科、重交叉，促改变、高产出”的高端智库平台。围绕经济处治与经济发展、政事处治与法治确立、社会处治与社会改变、大家社交与国外联系四大无间鸿沟，集聚全校一流学科优质资源，在基础确立、有打算究诘、大家社交、表面改变、公论携带和里面处治等方面得到了权臣收效。东谈主大国发院以“中国特质新式高校智库的引颈者”为目的，扎根中国地面，死守国度计策，摄取期间做事，辛劳于确立成为具有全球影响力的世界一流大学智库。

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