China’s Leaders Stick to Pro-Growth Stance, Vow Support
- Politburo signals it’s too early to tighten monetary policy
- Demand in the economy remains insufficient, leaders say
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Chinese leaders kept their economic policy stance largely unchanged, signaling it’s too early to pivot toward tighter monetary and fiscal measures or push contentious economic reforms as growth rebounds.
The recovery needs continued “forceful” fiscal and monetary support due to insufficient domestic demand, the Communist Party’s Politburo, the top decision-making body led by President Xi Jinping, said Friday, repeating language from its previous statements. It also vowed more support for private companies.