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China Politburo says China's economy faces new difficulties and challenges mainly due to insufficient domestic demand; will continue to implement prudent monetary policy; will actively expand domestic demand

Important
SourceNewsquawk
SectionGlobal News
  • Will implement macro adjustments in a precise and forceful manner.
  • Keep Yuan exchange rate basically stable.
  • To meet demand of rigid and improving housing needs.
  • Will effectively prevent risks in local government debt.
  • Some companies may face difficulties in operations.
  • There are many risks and hidden dangers in key areas.
  • Will form and carry out basket of measures to resolve local government.
  • External environment complex and severe.
  • Will continue to to deepen reform and opening up, improve development environment for private firms.
  • Economic recovery will be tortuous.
  • Will promote healthy and sustainable development of platform companies.
  • Will promote secure development of AI.
  • Will stabilise trade and foreign investment and increase international flights.
  • Will put job stabilisation at strategically high level and expand middle income group.
  • Will enliven capital market and boost investors confidence.
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