On March 14, the 14th China Cement Industry Summit and TOP100 Award Ceremony hosted by China Cement Network was held in Hangzhou. Huang Zhengxue, Director of Land Planning Research Department, Institute of Land Development and Regional Economics, National Development and Reform Commission, shared the report "Shape" and "Potential" of China's Economy.
Huang Zhengxue believes that the "shape" of China's economy includes: 1, the total economic volume has continuously stepped up to a new level, and the per capita level is close to the threshold of high-income countries; 2, the economic growth has slowed down in recent years, but it is still in the forefront of major economies; 3, the economic development has maintained a strong resilience, and it is an important force and the biggest engine for stabilizing world economic growth; 4. Macro-control is effective, and growth expectations have improved. The "trends" of
China's economy include: 1. Consumption in the "troika" will play an increasingly prominent role in stimulating economic growth; 2. Consumption degradation and the phenomenon of not daring to consume deserve attention; 3. Investment will rely more on manufacturing and infrastructure investment; 4. Significant changes have taken place in the foreign trade market. Looking forward to 2025, stimulated by the "more" active fiscal policy, the increase of government investment and the improvement of social investment are expected to promote the steady growth of effective investment.
It is estimated that the growth rate of fixed investment in 2025 will be around 4.1%, 0.9 percentage points faster than that in 2024. In 2025, the government is expected to provide about 550 billion incremental funds for infrastructure investment, driving the growth rate back to about 8%.
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