The National Development and Reform Commission of China announces new programs to support growth.

In a press release on Friday morning, the National Development and Reform Commission of China - the agency responsible for government planning in the country - stated that it is fully confident in achieving continuous economic recovery by 2025.

Additionally, the statement from the National Development and Reform Commission included the following:

• The Chinese government will sharply increase funding from long-term treasury bonds this year to support two new programs it plans to launch.
• Consumption is expected to maintain steady growth throughout 2025.
• China's economy faces many new difficulties and challenges in 2025.
• There is ample room for changing macroeconomic policies in 2025.
• The Chinese government will take into account the economic growth target for 2025, considering both needs and potential, as well as medium and long-term plans.
• The Chinese government has allocated 100 billion yuan in 2025 for two new projects and two major projects in advance.
• The major reforms that the Chinese government will launch in 2025 will stabilize expectations, enhance confidence, and promote development.
• Steps will be taken to protect the legitimate rights of private enterprises and entrepreneurs.
• The government will intensify efforts in the field of employment.