China: Work Report Sticks to Gradual Economic Support, No Major Shifts

Chinese Premier Li Qiang delivered the 2025 government work report, noting that public expenditures will rise 1.2 trillion yuan ($170,000 billion) to 29.7 trillion yuan, including 1.3 trillion yuan in ultra-long special treasury bond issuances, 300 billion yuan of which will fund consumer goods trade-in programs, NPC Observer reported on March 5....