China's Vice Finance Minister Liao Min has stated that the recent stimulus measures in China are focused on boosting domestic consumption and achieving the annual GDP growth target.
Liao emphasized the importance of enhancing macroeconomic policies to expand domestic demand during an interview with Bloomberg News in Washington.
The government aims to coordinate fiscal efforts with monetary policy to facilitate economic restructuring, particularly by promoting consumption.
Investors are closely watching an upcoming meeting of lawmakers, where more details of the fiscal package are expected to be disclosed.