China's Ministry of Public Security (MPS) announced on Thursday new measures for the further relaxation of household registration, or hukou, including the scrapping of restrictions in cities with a relatively smaller population, a move that experts said will further activate regional economic development.

The 45th Tsinghua University Forum on China and the World Economy, hosted by Tsinghua University’s Academic Center for Chinese Economic Practice and Thought (ACCEPT), was featured in a special episode of Guizhou Satellite TV’s "Forum" talk show program broadcasted on July 30, 2023, entitled "Promoting Stable and Healthy Economic Development."

Despite appearing to have lost its long-held title of “most populous nation” to India, China has the potential to maintain its demographic advantages over its neighbour, but analysts say that will require China to better leverage its massive and still-growing pool of quality workers.

China on Tuesday cut the benchmark lending rate loan prime rate (LPR) in line with market expectations, ending nine months without change. It marks the third effort to bring down the nation's policy rates within a week, sending a clear signal that China is resolved to spur the still unfolding economic recovery and unleash the growth potentials amid multiple downward pressures ranging from a complex global geopolitical situation and weakening world demand.

As China's economic recovery is facing downward pressure, stronger and clearer policy shifts are needed to restore business confidence and realize sound growth, a political adviser said. Yin Yanlin, former deputy director of the office of the Central Committee for Financial and Economic Affairs, said more forceful policies are needed to get the market confidence back on track.

China needs a new playbook with resolute actions and clear signals to stem the downward spiral and reverse pessimism within the private sector, top economists said. Beijing needs to “immediately” stop China’s economy from going into a downward spiral by implementing stronger measures that prop up “effective demand”, said Yin Yanlin, deputy director of the economic affairs committee of China’s national political advisory body. “The key is to prop up overall demand,” Yin said.

On June 17, 2023, the 45th Tsinghua University Forum on China and the World Economy was held inside the Weilun Building’s main lecture hall on campus at Tsinghua University’s School of Economics and Management. The biannual event was hosted by Tsinghua University’s Academic Center for Chinese Economic Practice and Thinking (ACCEPT) under the theme of “2023 Mid-Year Economic Outlook.”