During a press conference on October 8, an official from the State Council Information Office announced that China is rolling out a comprehensive set of incremental policies to support ongoing economic recovery.

A representative from the National Development and Reform Commission highlighted that, despite increasingly complex domestic and international challenges, China’s economy is showing stability and positive signs of progress. He noted that the formation of new productive forces is accelerating, and there is a strong push towards high-quality development. To further this economic improvement, the government is committed to intensifying the implementation of these incremental policies.

In terms of macroeconomic policy effectiveness, the plan includes enhancing counter-cyclical adjustments and fast-tracking reforms that will promote sustainable and healthy economic growth.

Regarding consumption expansion, the government is focusing on connecting consumer promotion efforts with public welfare enhancements. This includes initiatives to raise incomes for middle- and low-income groups, launch consumption-boosting actions, and expand services in areas such as elder care and childcare.

On the investment side, the goal for the next year involves continuing the issuance of super-long-term special government bonds while optimizing their allocation. The plan includes advancing the issuance of 100 billion yuan in “dual-heavy” construction projects and 100 billion yuan in central budget investments ahead of schedule this year, allowing local governments to accelerate preliminary work and start projects.

To address challenges facing some enterprises, the government is poised to improve business support, enhance the overall business environment, and assist businesses in overcoming hurdles. There are also measures in place to stabilize the real estate market, increase loan distributions for “white list” projects, and utilize special bonds to revitalize idle land. Additionally, the government aims to energize capital markets by actively guiding medium- and long-term funds into the market and developing protective policies for small and medium-sized investors.