An article in People’s Daily said implementation of China’s fiscal-financial package to boost domestic demand is proceeding broadly as expected. Measures have supported countercyclical growth in lending to key investment and consumption sectors and are redirecting more social capital to priority domestic-demand areas. Beijing called for dogged execution to ensure policy benefits reach businesses and consumers, remove bottlenecks constraining investment and consumption, and expand new sources of

An article in People’s Daily said implementation of China’s fiscal-financial package to boost domestic demand is proceeding broadly as expected. Measures have supported countercyclical growth in lending to key investment and consumption sectors and are redirecting more social capital to priority domestic-demand areas. Beijing called for dogged execution to ensure policy benefits reach businesses and consumers, remove bottlenecks constraining investment and consumption, and expand new sources of domestic demand.