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China's Communist Party Central Committee is to hold a 3rd plenum during July, via State Media; Politburo undertook a meeting on Tuesday

SourceNewsquawk
SectionGlobal News
  • 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.
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