Factbox: Key takeaways from China’s politburo meeting on the economy


Source: reuters.com reuters.com

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July 26 (Reuters) - China pledged to step up stimulus measures as the economy faces what it described as "new" difficulties and a "tortuous" recovery, following a meeting of the powerful politburo of the ruling Communist Party this week. Below are the key takeaways from the official readout of the meeting on the direction China's economic policy will take in the second half of 2023, which left many issues unaddressed. MACRO POLICIES The politburo urged a "proactive" fiscal stance, "prudent" monetary policy, a stable yuan, livelier capital markets, measures to defuse mounting financial risks, and improvements in business and consumer...