Wei Hongxu
China’s recent Central Economic Work Conference, when discussing the current economic situation, expressed the view that, on one hand, this year’s social and economic development goals can be successfully achieved; on the other hand, it also issued a warning about the severity of the current economic situation.
The conference pointed out that the adverse impacts of changes in the external environment have deepened, and the country’s economic operations still face many difficulties and challenges. These include insufficient domestic demand, production and operational difficulties faced by some enterprises, pressure on employment and income growth for the public, and numerous risks. Considering the current economic performance and the conference’s assessment of the situation of 2025, researchers at ANBOUND believe that even with further strengthening of macroeconomic policies, the economic outlook for next year remains far from optimistic.
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