Economy

China pledges to 'expand domestic demand' at economic conference

Closely watched meeting sets policy tone for 2025, with vow to raise fiscal deficit

2024-09-05T044954Z_1113130655_RC22U9A3LG43_RTRMADP_3_CHINA-AFRICA-SUMMIT.JPG

China's planners are looking to support the economy in 2025 as the return of Donald Trump as U.S. president poses a new challenge. © Reuters

STELLA YIFAN XIE and WATARU SUZUKI, Nikkei staff writers
December 12, 2024 21:32 JST

HONG KONG/SHANGHAI -- China intends to ramp up economic support next year including measures to boost domestic consumption, as it braces for a fresh trade war with the U.S., a closely watched leadership meeting signaled on Thursday.

Read Next

Latest on Economy

  • Economy

    Thailand's Q3 GDP growth slips to 4-year low as exports slow

    Thailand's Q3 GDP growth slips to 4-year low as exports slow
  • Economy

    Japan July-Sept GDP shrinks annualized 1.8%, first drop in 6 quarters

    Japan July-Sept GDP shrinks annualized 1.8%, first drop in 6 quarters
  • Economy

    Japan suffers opportunity loss equivalent to 2.6% of GDP from labor crunch

    Japan suffers opportunity loss equivalent to 2.6% of GDP from labor crunch

    • Sponsored Content

    About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.