China’s Politburo, the country’s top leadership body, convened on Thursday to address the nation’s economic situation and announce key measures aimed at stabilizing the economy. The meeting outlined several initiatives designed to bolster fiscal and monetary policy, stimulate investment, and support crucial sectors.
The Politburo committed to increasing counter-cyclical adjustments through fiscal and monetary policies, ensuring necessary fiscal spending, and supporting low- and middle-income groups to improve the country’s consumption structure. The leadership remains confident in China’s strong economic resilience and potential despite emerging challenges.
The real estate market was also a focus, with plans to improve market quality, increase loans for ‘white list’ projects, and halt the decline in property values. New commercial housing developments will be strictly controlled as part of efforts to stabilize the sector.
Investment attraction and employment support are high priorities, with the government intending to step up foreign investment access in manufacturing and support key employment groups such as college graduates and rural migrant workers.
China will also introduce a private economy promotion law to create a favorable environment for non-public sector economic development and implement reforms to stimulate the capital market, aiming to attract mid- to long-term capital.
In addition, the Politburo plans to protect small and medium-sized investors, stabilize food and energy supplies, and increase support for elderly care and childbirth policies.
