China’s Politburo, the country’s top leadership, held a meeting on Monday where several key economic policies were outlined. The leadership emphasized the need to implement a more proactive fiscal policy and a moderately loose monetary policy to support economic growth. One of the major focus areas is to expand domestic demand across all sectors, with a particular emphasis on boosting consumption as a key driver of economic recovery.
The Politburo also highlighted plans to expand opening up to the outside world, aiming to stabilize foreign trade and investment. The leadership intends to enhance “unconventional” counter-cyclical adjustments to address economic challenges and provide more targeted support where needed. Moreover, the government is committed to improving people’s livelihoods by stepping up efforts in social and welfare programs.
Finally, the Politburo outlined a focus on stabilizing key economic markets, particularly the property and stock markets, as part of broader efforts to ensure economic stability in the face of both domestic and global challenges.
