The recently concluded National Two Sessions in China saw discussions on various economic issues and government policies to promote high-quality development and enhance economic recovery.
During the session, Lan Fo’an, a representative, stated that China’s local government debt risks are currently under control. This reassurance comes amidst growing concerns about the country’s debt levels.
The main leaders of the five key departments also responded to hot topics related to development and reform, fiscal budget, commerce, financial securities, and other economic issues. They emphasized the need for effective investments supported by a larger market space and lower investment costs.
In another significant development, the National People’s Congress held an economic-themed press conference to address the pressing economic issues facing China. The focus was on consolidating and building on the positive trends in the economy.
Overall, the discussions and responses during the National Two Sessions highlighted the government’s commitment to promoting sustainable economic growth and addressing key challenges facing the country’s economy.