China Commerce Ministry Aims to Expand Imports to Stimulate Domestic Demand

Friday, 1 March 2024, 03:56

China's Commerce Ministry pledges to assist companies in exploring new markets for orders and increasing imports to bolster domestic demand amidst challenging global conditions. The announcement is seen as a precursor to crucial decisions to be made during China's Two Sessions 2024: Economic Strategy meeting. Recent data on China's manufacturing PMI for February indicates mixed performance but the focus remains on strategies to strengthen the economy.
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China Commerce Ministry Aims to Expand Imports to Stimulate Domestic Demand

China Commerce Ministry Support for Firms

Headlines via Reuters conveyed remarks from China's Commerce Ministry

Challenges in China's Trade Environment

China's trade faces a complex, severe, and uncertain external environment, Ministry vows to help companies explore markets for orders and expand imports to ensure domestic demand

Upcoming Economic Strategy

This sounds like a stop-gap sort of statement ahead of the real decision-making at China's Two Sessions 2024

Recent Manufacturing PMI Data

  • China Manufacturing PMI (Feb): 49.1 (expected 49.1)
  • China Caixin Manufacturing PMI (Feb): 50.9 (expected 50.6)

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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