China's Politburo emphasizes financial risk prevention, linking it to national security and asset security, and announces measures to stabilize the property sector.
China's Politburo has emphasized the importance of preventing and defusing financial risks, stating they are linked to national security and the asset security of Chinese people. Financial risks are considered a major hurdle that must be overcome, with the Politburo stating that new rules will strengthen the Communist Party's leadership in the financial sector and hold officials accountable. The focus on financial risk management comes as China announced measures to stabilize the property sector, which accounts for around half of household wealth in the country.
May 27, 2024
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