From Nasdaq:

The IMF’s Managing Director urged China to revamp its economic policies to address the property market crisis and promote domestic consumption. Chinese officials expressed confidence in hitting economic targets but shied away from more significant reforms. The IMF suggested a consumer-centered policy could add $3.5 trillion to China’s economy over 15 years.

Foreign investment in China dropped by almost 20% in the first two months of the year. In 2023, foreign direct investment decreased by 8%. Apple CEO Tim Cook praised China’s openness and had a successful meeting with Premier Li Qiang. The China Development Forum attracted over 100 overseas executives from major companies like Starbucks and Mercedes-Benz.

China announced new measures to attract investment, such as expanded market access and pilot programs in science and technology. The plan to issue ultra-long bonds aims to stimulate investment and stabilize growth. Officials emphasized investing in “new productive forces,” including electric vehicles and spaceflight. The Finance Minister expressed confidence in meeting economic goals and promised more fiscal support for employment.



Read more at Nasdaq: China told it faces ‘fork in the road’ as officials meet CEOs