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CN NDRC to Outline 2026-2030 Domestic Demand Expansion Strategy to Address 'Involution' Competition
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The economy in Mainland China is now facing strong supply but weak demand, Wang Changlin, Deputy Director of the National Development and Reform Commission (NDRC), stated at a press conference held by the State Council Information Office in implementing the spirit of the Central Economic Work Conference and promoting a good start to the "15th Five-Year Plan". The next step is to comprehensively expand domestic demand, with a focus on adapting to the trend of upgrading the national demand structure, said Wang. In line with the needs of a new round of technological revolution and industrial transformation, the NDRC will research and develop a 2026-2030 domestic demand expansion strategy implementation plan within the year, creating new demand through new supply and providing forceful innovative measures and factor guarantees. Wang also mentioned the need to comprehensively address "involution" competition, shifting from "price competition" to "value optimization", tightening capacity control, actively resolving the temporary imbalance of supply exceeding demand, further refining local investment promotion, and regulating local economic promotion behaviors. AASTOCKS Financial News Website: www.aastocks.com |
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