China’s NDRC Pledges More Policy Tools to Meet Economic Targets

China will step up counter-cyclical support and prepare additional high-impact policy tools as it seeks to meet this year’s economic targets.

At a symposium with private-sector executives, Zheng Shanjie, chairman of the National Development and Reform Commission , said authorities will strengthen coordination between existing and incremental policies and accelerate major projects to boost domestic demand.

Executives from the petrochemical, natural gas, agricultural machinery and artificial intelligence sectors said shifts in global supply and demand, commodity price volatility and intensifying technology competition were creating business challenges.

They also called for support on major projects, commodity trade, market order and broader application scenarios for new technologies, according to the statement by the NDRC.