The Hindu | What does China’s 2024 economic policy look like?

The 2023 Chinese Central Economic Work Conference (CEWC), an annual meeting mechanism of the Communist Party where the economic direction of the nation for the upcoming year is deliberated and agreed upon by key stakeholders, recently concluded on December 12, and the readout from the meeting stresses a stability-oriented pathway for the Chinese economy in 2024. Overall, the line of action seems pretty clear, at least from the CEWC deliberations - moving away from export-led to domestic demand-led growth, expanding high-quality production process, achieving self-reliance in critical tech but collaborating with trade partners as necessary, and ensuring financial discipline alongside stability of funds and liquidity. Needless to say, many of these goals have been repeated in the past few years, but some of them require intense structural reform, including by means of abandoning long-held beliefs and practices of the Chinese party-state. Read the full article here.