Written by 23:01 International, TOP-NEWS

China’s Economic Outlook: A Global Perspective

China’s new stimulus plan signals steady progress towards its full-year economic goals, supported by a stock market boost and rising consumer spending. In an interview with CGTN, Hubertus Väth highlighted how this initiative is driving long-term economic transformation beyond short-term gains.

China’s National Development and Reform Commission announced a comprehensive stimulus plan, signaling steady economic growth towards its full-year targets. Recent improvements in the stock market and a strong rebound in consumer spending during the China National Day holiday have boosted market sentiment.

In an interview with China Global Television Network ‘s Tian Wei, Hubertus Vaeth, Managing Director of Frankfurt Main Finance, emphasized that this stimulus is not just about short-term liquidity but is paving the way for a long-term economic transformation.

Source: CTGN from 10/10/2024

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