The Institute of International Affairs has released the new Pacific Report No. 22.

In this issue, Professor Young Nam Cho of the Graduate School of International Studies at Seoul National University contributed an article titled <Assessment of China's Situation in 2024 and Outlook for 2025>.

Professor Cho explains that the most significant domestic issue in China in 2024 was the economy.

To address these challenges, China plans to implement a "more proactive" fiscal policy and a "moderately accommodative" monetary policy in 2025.

In its approach to the Korean Peninsula, China emphasized the principles of 1) maintaining peace and stability on the Korean Peninsula and 2) pursuing a political resolution, while making almost no mention of the principle of "denuclearization of the Korean Peninsula".

Professor Cho comments that the thaw in South Korea-China relations that began in mid-2024 had the potential to expand further in 2025.