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China needs to recalibrate its educational system amid demographic shift
The government could seize this opportunity to initiate reforms aimed at enhancing education quality through reducing class sizes.
Consumption remains key for China to achieve its growth target in 2024
To effectively unleash consumption power, the government needs to increase its inputs into social safety nets, including childcare, education, healthcare and pension funds
Developing inbound tourism requires efforts far beyond relaxing visa requirements
However, to effectively reestablish China as a popular tourism destination for international travelers, authorities need to go beyond relaxing visa requirements to improve their travel experiences
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China’s economy faces more opportunities than challenges in 2024
With a low inflation rate and low debt level with the central government, there is still ample room for China to adopt more proactive fiscal and monetary policies to boost the economy
China seeks balance between short-term stability and long-term growth transition
As the meeting recognized that insufficient effective demand is the first problem now, expansionary fiscal policy should pay more attention to boosting consumption
Risk aversion remains the primary task for China’s financial policy
It signaled that the overall focus of China's financial policy in the coming period is on strengthening financial supervision and the prevention and resolution of financial risks