FILE PHOTO: People walk along Nanjing Pedestrian Road, a main shopping area, ahead of the National Day holiday, in Shanghai, China September 26, 2023. REUTERS/Aly Song/File Photo
SHANGHAI: China may roll out unprecedented expansionary moves in macroeconomic adjustments next year after a top-level meeting signalled a significant shift of mindset in prioritising the expansion of domestic demand amid external uncertainties, policy researchers and economists say.
Measures in the pipeline may include the highest official projected deficit ratio on record, a sharp rise in special treasury bonds to subsidise consumer spending and direct policy support for people’s incomes, they said.
