Embrace a more proactive fiscal policy in 2025

The recent meetings of the Political Bureau of the Communist Party of China Central Committee and Central Economic Work Conference have underscored the importance of implementing a more aggressive fiscal policy in 2025. It is crucial to highlight that this is not a short-term economic stimulus measure. Instead, it is a significant and prudent strategic decision, leveraging China's robust economic foundation and institutional advantages to seize historical opportunities and navigate a complex international economic landscape.