Facilitating a solid economic recovery with a focus on substantially expanding domestic demand and boosting market confidence will be key priorities for China next year, after a key meeting outlined major policy objectives and plans for the overall improvement of the world's second-largest economy.
China's factory activity contracted in November as renewed COVID-19 outbreaks disrupted output and subdued demand, a business survey showed on Thursday.
Profits at China's major industrial firms shrank at a faster pace in the first nine months, highlighting the need for further implementation of existing stimulus measures and stronger policy support to shore up growth, experts said.
China s credit expansion is expected to remain healthy in the fourth quarter after rebounding stronger than expected last month, setting the stage for a steady economic recovery, experts said on Wednesday.
Profits at China's industrial companies fell in the first seven months of this year as the country grapples with pandemic-related disruptions, high temperatures and insufficient domestic demand.