Credit Agricole lists the top ten priorities of the new yawnulus package.
The ten major government work tasks for the year:
- Boost consumption and stimulate domestic demand by increasing household income and boosting consumption in the cultural, tourism & sports sectors. China will continue to support consumer goods trade-in programmes as well as investment in strategically important projects and security capacity.
- Ramp up modern industrialisation with a focus on developing cutting-edge sectors and upgrading traditional industries. China will also boost the digital economy and use AI to empower intelligent equipment (such as EVs and robots) manufacturing.
- Promote technology and education by developing high-quality education systems, intensifying key technology breakthroughs and attracting talent.
- .Continue to deepen reforms in the fiscal, taxation and financial sectors; support private sector economy and address rat race competition.
- Further opening up by stabilising trade, encouraging foreign investment and deepening multilateral & regional economic cooperation.
- Curb systemic risks by stabilising the property market and addressing risk in local government debt. The government will also actively prevent financial risks through capital replenishment, mergers and reorganisation.
- Support agriculture and rural areas.
- Advance urbanisation and coordinate growth across different regions.
- Promote the green transition by improving the environment, boosting the green & low-carbon economy and actively working towards peaking carbon dioxide emissions & carbon neutrality.
- Improve people’s wellbeing by stabilising employment, improving healthcare & elderly services and providing better support for child raising.
What is missing? Any focus on building more apartments and bridges to nowhere.
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