The Politburo of China’s Communist Party reviewed the economy and made arrangements on economic work earlier today
- China is facing economic downward pressure
- Sees improvement in market confidence
- Says China is to stick to structural leverage cut
- Laments that downward economic pressure is structural in nature
The meeting was chaired by China president Xi Jinping and is usually seen as a sounding board for his ideas and views on how to go about with recent policies. It seems like the message here is more of the same that we’ve heard from China over the past few weeks i.e. continuing with efforts to bolster the economy as headwinds continue to stay the course.