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2026-07-30 23:08 UTC → 2026-08-01 02:02 UTC ·
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At the end of In late July 2026 the Chinese Communist Party Politburo convened in Beijing, Politburo, chaired by General Secretary Xi Jinping, to review reviewed first‑half‑year performance and set policy direction for the second half of the year. The meeting reaffirmed the official growth target of 4.5‑5 % and emphasized a “steady‑while‑progressive” macro‑policy stance. While existing fiscal Fiscal and bond‑issuance plans were left unchanged, but officials urged the full use of current existing tools and an acceleration of targeted fiscal spending to boost domestic demand, enhance improve supply‑chain efficiency, and stabilise the real‑estate property market. Monetary easing was remained limited; instead, the Politburo signalled modest additional support, focusing on technology, advanced manufacturing and the “AI+” initiative as drivers of short‑ and medium‑term growth. The agenda growth drivers. It also highlighted reforms for state‑owned enterprises, a more favourable environment for private firms, and a comprehensive debt‑relief package for the property sector. Preparations On 30 July, the communiqué added a call for regional authorities to speed up fiscal outlays and the Fifth Plenum use of the 20th Central Committee in October were confirmed, with expectations bond proceeds, noting that it will address personnel matters, party discipline recent PMI data showed contraction in manufacturing (49.2) and continue anti‑corruption work. Overall, the Politburo’s communiqué indicated services (49) and that youth unemployment remained around 15 % for ages 16‑25. The leadership described this as a calibrated shift turn toward greater macro‑economic support without a large‑scale monetary stimulus, aiming to sustain high‑quality growth and secure confirmed preparations for the start Fifth Plenum of the next phase of China’s 15‑year development plan. 20th Central Committee in October.