China's Communist Party Central Committee is to hold a 3rd plenum during July, via State Media; Politburo undertook a meeting on Tuesday
- Politburo says it will implement prudent monetary and proactive fiscal policies.
- Will flexible use policy tools incl. the RRR and interest rates.
- Will actively expand domestic demand.
- Property measures were discussed; will coordinate and study measures to resolve home inventories.
- To ensure debt-laden provinces and cities reduce the debt burden and develop steadily.
- To promote healthy capital market development.
- Recovery faces multiple challenges.
- Will support private firms to explore foreign markets.
- To increase efforts to attract/utilise foreign capital.
- Issue ultra-long special treasury bonds as early as is possible and will increase the pace of issuance/usage of local gov't special bonds.
Analysis details (08:02)
- As a reminder, the plenum is usually focussed on longer-term economy policy.
30 Apr 2024 - 08:01- - Source: Newswires
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