Core Viewpoint - The article discusses the recent State Council meeting led by Premier Li Qiang, focusing on the approval of the "2025 Key Work Division Plan" and amendments to the "Interim Regulations on Express Delivery" to promote green packaging in the express delivery industry [1][3]. Group 1: Economic Policy and Measures - The meeting emphasized the need for various departments to actively implement measures to achieve the economic and social development goals set for the year, especially in light of uncertainties [1][3]. - The fiscal deficit rate for this year is set at 4%, indicating a significant fiscal expansion to stabilize the economy, with expectations of increased fiscal spending [4]. - The government is committed to a proactive fiscal policy that balances supply optimization and demand expansion, aiming to boost consumption and improve livelihoods [4]. Group 2: Green Transformation in Express Delivery - The amendments to the express delivery regulations aim to enhance the green transformation of packaging, reducing resource consumption and environmental pressure [6][7]. - The government plans to establish a comprehensive support policy for the green transformation of express packaging, which includes reducing operational costs related to packaging, recycling, and cleaning [6][7]. - By the end of 2025, a complete green packaging standard system is expected to be established, with a ban on toxic and harmful packaging materials [7].

Core Insights - The report proposes adjusting Brunei Darussalam's consultation cycle from 12 months to 24 months, enhancing the dialogue and support for policy reforms [3][4][8] - Brunei's economy remains resilient, supported by ample buffers and prudent macroeconomic policies, with a stable outlook and balanced risks [3][7] - The transition to a longer consultation cycle will allow sufficient time for the implementation of identified policy reform priorities [8][10] Recent Developments - Brunei's economic resilience is attributed to strong buffers and ongoing prudent macroeconomic policies, with a stable outlook and balanced risks [3][7] - The country meets all criteria for transitioning to a 24-month consultation cycle, with limited external spillover potential and no outstanding credit to the IMF [7][9] Economic and Financial Indicators - As of 2023, Brunei's nominal GDP is projected at 20,274 million Brunei dollars, with a per capita nominal GDP of 33,581.1 USD [12] - The unemployment rate stands at 5.1%, with a labor force participation rate of 67.2% [12] - Oil production is expected to average 74 thousand barrels per day in 2023, with natural gas production at 1,214 million British thermal units per day [12] Policy Recommendations - The report emphasizes the need for structural reforms to diversify the economy and reduce reliance on oil and gas [14][16] - Fiscal policies should focus on maintaining prudent stances while protecting vulnerable groups and public investments [14][16] - Enhancing revenue generation capabilities through targeted measures, including a low-rate carbon tax and subsidy rationalization, is recommended [14][16]