China is likely to approve a debt swap program worth trillions of yuan as the beginning of a broader plan to decisively forestall any downward economic spiral, economists and policy advisers said.

The Chinese economy is in the limelight as stimulus packages are being rolled out one after another. From raising business confidence to boosting domestic demand, from resolving local government debt to issuing ultra-long treasury bonds, what more do we know about these latest moves now at the center of global discussion? What is the rationale behind this latest stimulus policy? And what lies ahead for China's economy?

Securing stable economic growth while maintaining fiscal viability lies at the core of China's pursuit of national security amid intensified external uncertainties and a lingering real estate downturn, leading economists said.

Former PBOC advisor David Daokui Li says the Chinese government has the ability to raise spending significantly to stimulate the economy. His comments come after the Chinese Finance Ministry pledged to borrow more to support growth. Li discusses China's economy with Yvonne Man and David Ingles on "Bloomberg: The China Show."

China's foreign trade has continued to demonstrate strong resilience, and the nation's enhanced export channels with emerging economies, coupled with ongoing support from its opening-up policies, will drive its economic growth throughout the year despite external challenges, government officials and experts said.

On August 12, 2024, David Daokui Li, Director of Tsinghua University’s Academic Center for Chinese Economic Practice and Thinking (ACCEPT), headed a delegation visiting Jiangsu Province on a study and research tour, received by Wu Qingwen, Deputy Secretary of the Communist Party of China Suzhou Municipal Committee and Mayor of the Suzhou Municipal People’s Government. Senior research fellows from Tsinghua ACCEPT, together with high-ranking delegation member Liu Peilin, joined Secretary-General

The recently released communique from the third plenary session of the 20th Central Committee of the Communist Party of China (CPC) laid out an unequivocal commitment to further deepening reform comprehensively to advance Chinese modernization, which underscored the distinctive features of the system of socialism with Chinese characteristics.