https://www.taxtmi.com/news?id=36929 The National People's Congress adopted an economic posture anchored by an economic growth target accompanied by modest fiscal and financial measures-targeted borrowing to support housing and indebted local governments, consumer trade-in rebates, and a larger deficit-while signalling reserves of tools for future shocks. The Congress advanced reforms to improve the private sector environment through market-access, financing and property-rights measures, increased lending and bond financing for private firms, and pledged to address sectoral overcapacity and unhealthy "involution" competition amid trade tensions. en-us Tue, 11 Mar 2025 13:01:02 +0530 Tue, 11 Mar 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36929 The National People's Congress adopted an economic posture anchored by an economic growth target accompanied by modest fiscal and financial measures-targeted borrowing to support housing and indebted local governments, consumer trade-in rebates, and a larger deficit-while signalling reserves of tools for future shocks. The Congress advanced reforms to improve the private sector environment through market-access, financing and property-rights measures, increased lending and bond financing for private firms, and pledged to address sectoral overcapacity and unhealthy "involution" competition amid trade tensions. News - Tue, 11 Mar 2025 13:01:02 +0530 https://www.taxtmi.com/news?id=36929