China has pledged to bolster its economy, primarily on the back of domestic demand, and build a robust domestic market to counter external challenges, after a high-level meeting setting the tone for next year’s economic policy.
Following the central economic work conference – an annual gathering of the Central Committee of the ruling Communist Party and the State Council, China’s cabinet – a readout by state news agency Xinhua said the country must “strengthen our own capabilities to cope with external challenges”.
The two-day conference, which typically lays out the broad fiscal and monetary agenda for the coming year, ended on Thursday.
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“We must fully tap our economic potential and must uphold both policy support and reform and innovation,” the nation’s top leadership said, according to the readout.
“We must ensure that the market is allowed to operate freely while being well regulated, and must closely combine investment in physical capital with investment in people.”
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With the world’s second-largest economy seen as largely staying on course despite rising external headwinds in 2025, attention is now shifting to next year, the first covered by China’s 15th five-year plan.
