Multiple departments disclose the key work priorities for the second half of the year: expanding domestic demand to boost consumption, countering the trend of overwork and ensuring stable real estate and stock markets.

date
29/07/2025
Once again, we have entered the window period for observing mid-year policies. Recently, several departments have held discussions on the economic situation, mid-year work meetings, or related press conferences, revealing the focus of future work. The main policy directions in the second half of the year will focus on expanding domestic demand, "anti-inner circulation", and stabilizing the real estate and stock markets. Many experts believe that expanding domestic demand still requires the implementation of fiscal and monetary policies. The issuance of ultra-long-term special national bonds will support policies such as trading in old for new goods, or expanding to include service consumption, in order to promote the development of service consumption. Structural monetary policy tools will continue to support technological innovation and boost consumption, among other main areas.