Many moves in pipeline to shore up H2 growth

The meeting of the Political Bureau of the Communist Party of China Central Committee on July 28 analyzed the current economic situation and arranged economic work for the second half of the year, sending a clear signal on the next-stage policy navigation strategy.

The nation will stabilize growth while striving to achieve the best possible results. It will maintain strategic resolve without introducing excessive stimulus measures, speed up the implementation of existing policies and make full use of them.

Infrastructure construction will remain a policy focus in the second half, and new loans from policy banks as well as their funding for infrastructure projects will provide support for infrastructure construction. At the same time, there will be further room for city-specific policies in the real estate sector.