FX.co ★ China Unveils USD 70 Billion Policy Tool to Boost Investment

China has announced the introduction of a new policy-driven financial instrument valued at CNY 500 billion (approximately USD 70.3 billion). This initiative aims to enhance financial services for the real economy and stimulate effective investment, as confirmed by a spokesperson from the National Development and Reform Commission (NDRC), reported by Xinhua on Monday. The capital is designated to replenish project funds, according to NDRC spokesperson Li Chao during a press briefing. The NDRC is collaborating with relevant partners to swiftly allocate these funds to targeted projects, encouraging local governments to expedite project development to support consistent and healthy economic growth, as Li stated. Recent statistics indicate a decline in China's economic activity for August, with industrial output experiencing its slowest growth since August 2024. Furthermore, retail sales growth decelerated for the third consecutive month, recording the slowest expansion in nine months.