China's NDRC Deputy Head says China plans key high-tech projects from its 15th five-year plan to study and implement 2026-30 domestic demand expansion strategy plan
The comments from China's NDRC Deputy Head signal a strategic shift aimed at enhancing domestic demand and innovation, positioning China to address economic challenges through key initiatives.
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China's NDRC Deputy Head says China plans key high-tech projects from its 15th five-year plan to study and implement 2026-30 domestic demand expansion strategy plan
[MARKET ANALYSIS] Asia-Pac equities entirely in the red, weighed on by the tech sector
Japan's DPP Chief Tamaki says there is no need for sales tax if real wage growth is achieved and is closely watching the situation now
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- Can address bottlenecks through innovation.
- China is studying the establishment of a national-level M&A fund to accelerate the development of "new quality productive forces".
- Will crack down on "disorderly" low-price competition and tighten price supervision in key industries.
- The government will refine local investment attraction rules and promote a market order centred on quality and branding.
- China is to standardise nationwide subsidies for auto scrappage, trade-ins and appliance upgrades.
- CPI and PPI show a broad rebound, and prices signal a recovery.
- China will implement a more proactive fiscal policy and a moderately loose monetary policy, prioritising price recovery as a core objective.
This could catalyze further investment and interest in domestic industries, while tightening price competition may influence inflation dynamics. Overall, the focus on fiscal and monetary measures is likely to have implications for asset prices across the region, particularly in commodities and equities tied to Chinese growth.
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