Expanding domestic demand has become the top priority for economic work in 2025.
At this year’s Two Sessions, “Expanding domestic demand” has risen from the third position in last year’s Government Work Report to the top priority among the ten key tasks of this year’s report. Insufficient domestic demand remains the primary challenge for China’s economy. When market demand is insufficient, corporate investment activities also decrease accordingly. According to data from the National Bureau of Statistics, private investment growth declined by 0.1% in 2024, remaining in negative territory, with continued instability in expectations and a lack of confidence in the private sector.
How to expand domestic demand in 2025? At this year’s Two Sessions, NPC deputies and CPPCC members proposed various measures to boost domestic demand, including implementing special actions to stimulate consumption, adjusting the national income distribution structure, promoting service consumption, expanding effective investment and increasing fiscal support.
