China’s Politburo Shifts Focus to Boosting Economic Recovery
- Top leaders aim for ‘overall improvement’ in economy next year
- Prudent monetary policy will be ‘targeted and forceful’
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China’s Politburo, the Communist Party’s top decision-making body, said it will seek a turnaround in the economy next year, pledging to keep fiscal policy active and monetary tools targeted and “forceful.”
Officials will “push for overall improvement of the economy” by focusing on the quality of growth and keeping the pace of expansion reasonable, the official Xinhua News Agency said Wednesday in a readout of the meeting. They will also try to “significantly boost market confidence.”