The National People's Congress (NPC), China's top legislature and highest state organ of power, opened its third session on March 5. Li Dongsheng, Deputy to the National People's Congress and Chairman and CEO of TCL Technology Group Corporation, shared his insights with GDToday on China's economic outlook.
Li expressed his optimism, saying that the increased support for a new round of large-scale equipment upgrades and consumer goods trade-in programs has greatly boosted the market demand for consumer products.
Furthermore, Li highlighted that the government plans to invest 300 billion yuan this year to implement better consumption enhancement measures. He anticipates that these initiatives will have a positive impact on enterprise development and market recovery.
Reporter | Liu Xiaodi
Video editing | Pan Jiajun
Script | Feng Huiting
Editor | Ouyang Yan, Wei Shen, James, Shen He
