China’s Politburo calls for ‘stepped up’ economic policy support
CHINA, JUL 30 – China’s Politburo plans stricter controls on overcapacity and disorderly competition to stabilize growth amid deflation and external trade tensions, targeting 5% GDP growth in 2025.
- China's Politburo, led by President Xi Jinping, met in July 2025 in Beijing to set economic policies for the year's second half.
- The meeting followed trade talks with the U.S. and addressed rising risks including overcapacity, global pressure, and internal challenges like weak demand.
- Leaders pledged to maintain stable yet flexible policies, boost consumption, manage capacity cuts, rein in disorderly competition, and promote technological innovation.
- Xinhua reported China grew 5.2% in Q2 and pledged to accelerate government bond issuance and take targeted fiscal and monetary steps to support growth.
- The Politburo’s strategy balances cautious optimism with readiness to intervene and suggests ongoing efforts to stabilize the economy amid complex risks.
12 Articles
12 Articles
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