Beijing wants to make macroeconomic adjustments to support the economy in difficult times.
(Photo: Reuters)
Beijing China’s leadership announces further measures to support the economy. The country’s economy is facing increasing uncertainty, state media quoted the Politburo of the ruling Communist Party as saying on Friday.
The challenges posed by the Corona and Ukraine crises are increasing. That is why macroeconomic adjustments would be made.
Among other things, China will decide on a package of measures to support industries and small companies. Likewise, a healthy development of the real estate market will be promoted and a stable functioning of the capital markets will be guaranteed. Major risks would be contained and systemic risks prevented.
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