China commits to economic support and plans for future development

1 min read
Source: Reuters
China commits to economic support and plans for future development
Photo: Reuters
TL;DR Summary

China's top leaders have committed to supporting the economy by managing disorderly competition, maintaining steady policies with flexibility, and focusing on supply-side measures to combat deflation and overcapacity, while avoiding immediate stimulus measures. They emphasized boosting consumption, technological innovation, and structural reforms, with key meetings scheduled for October to discuss the next five-year plan amid ongoing economic challenges.

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