BEIJING: China’s National Development and Reform Commission (NDRC) is championing the expansion of effective investment through the issuance of ultra-long-term special treasury bonds and bolstering domestic consumption to strengthen economic resilience.

Speaking at a press briefing on Tuesday, Li Chao, an NDRC spokeswoman, outlined a string of strategic initiatives.

According to a report by China Global Television Network (CGTN), the National Development and Reform Commission (NDRC) is encouraging a wide range of business sectors, including private enterprises, to engage in large-scale equipment upgrades and consumer goods exchanges, aiming to unleash market potential, she said.

This initiative targets key sectors such as industry, agriculture, construction, and automobiles, capitalising on their strengths in research, development, production, and sales.

Moreover, according to Li, the NDRC is committed to accelerating the transformation of the manufacturing sector and enhancing international cooperation,
especially with France. The collaboration will focus on critical areas such as macroeconomic policies, green development, ecological transformation, and the aviation industry, she noted.

“We will accelerate the upgrading of large-scale equipment, effectively implement the action plan of the manufacturing industry to enhance its core competitiveness, guide enterprises to apply advanced and applicable technologies for transformation and upgrading, and continuously improve the level of high-end, intelligent, and green manufacturing,” said Li.

Source: Emirates News Agency