China’s Politburo holds meeting to set out economic priorities for H2 2024

• Reaffirms prudent monetary policy approach
• Chinese economy diverges with many risks in key areas
• Still faces insufficient domestic demand
• Sees increasing negative external impact
• To promote stable development of property market
• Need to keep stepping up macroeconomic policies
• Reiterates proactive fiscal policy
• Focus of economic policies to shift more to consumption

Again, all of these are very on the surface and lacking many details. But if anything else, it reaffirms that China will continue to put in concerted efforts to try and bolster the economy. In particular, they will be hoping to revive domestic demand conditions.

This article was written by Justin Low at www.forexlive.com.