<p>&#34;Recently, there have been many positive signals for expanding domestic demand, such as increasing subsidies for basic income groups in terms of medical insurance and social security, which reflect the country's emphasis on consumption.&#34; Xing Ziqiang, Chief Economist for Morgan Stanley in China, believes that for future reforms to expand domestic demand, the market can focus on the &#34;three new major projects,&#34; namely resolving the real estate inventory &#34;dam,&#34; strengthening the social security system, and vigorously promoting new fertility policies, while also paying more attention to low-income groups such as farmers. (Shangguan News)</p>

<p>Morgan Stanley's Chief Economist for China, Xing Ziqiang, pointed out that the market should focus on the "three new major projects" for future domestic demand expansion reforms: resolving real estate inventory, strengthening the social security system, and promoting new fertility policies. He emphasized that the country's emphasis on consumption is reflected in positive signals such as medical insurance and social security subsidies for low-income groups</p>