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New economic recovery measures unveiled

CHINA has introduced a set of policy measures aimed at stabilizing growth, expanding domestic demand and mitigating risks. These policies are not only focused on addressing current challenges but also on tackling major issues affecting the country's long-term economic development, economists said at a forum hosted by the China Public Diplomacy Association in Beijing on Monday.

The package of incremental policies has a primary goal of achieving high-quality development. It outlines a comprehensive and systematic approach to addressing the new challenges and issues emerging across different sectors of the economy, Wu Sa, deputy director of the Economic Research Institute at the Academy of Macroeconomic Research under the National Development and Reform Commission, said at the forum.

MITIGATION Robots weld bodyshells of cars at a workshop of Chinese electric vehicle maker Li Auto Inc. in Changzhou province on Jan 10, 2024. China on Nov. 18 released several policies aimed at boosting the economy in the fourth quarter of the year. XINHUA PHOTO