It is also planned to optimize the system of duties in foreign trade, the Finance Ministry said. It is necessary to maintain a high level of openness towards the outside world and deepen cooperation with the countries involved in the Belt and Road initiative, they believe.
This statement was made by the Ministry of Finance of the People's Republic of China at a government meeting that took place on December 23-24 and was dedicated to the results of 2024, as well as the prospects for China's development in 2025. The event was attended by the country's Finance Minister Lan Foan.
In 2025, Beijing intends to take an active part in global governance and in discussing financial and economic issues at the bilateral and multilateral levels. Special attention is planned to be paid to increasing the purchasing power of people of retirement age., said the Ministry of Finance.
