China has vowed to double down on macro policy support for the rest of 2025 as the country seeks to navigate economic risks – both external and internal – in the second half of the year and plan for the next half-decade of development.
After a meeting of the Communist Party’s 24-member Politburo – a major decision-making body led by President Xi Jinping – that ended Wednesday, the party’s upper echelon issued a statement encouraging action to support the economy.
“Macro policies must continue to exert strength and be stepped up when appropriate,” according to a readout released by state news agency Xinhua.
The fourth plenum of the party’s Central Committee will also be held in October to discuss the country’s next five-year plan, the Politburo said in the statement.
More to follow…
