China’s Politburo said it will keep liquidity ample, stabilize employment and
market expectations, and maintain a broadly stable yuan exchange rate, Xinhua
reported. It also called for supporting consumption through services upgrades,
stabilizing the property market and agricultural prices, and resolving local
government debt risks in an orderly way. The meeting emphasized maintaining
manufacturing’s role in the economy, deepening a crackdown on “involution-style”
competition, strengthening energy security, and fully implementing the “AI+”
initiative to develop an intelligent economy while responding to external
challenges.
