China's Politburo supports stimulating economic growth by boosting consumer spending, eliminating unproductive firms, and focusing on advanced technology industries.

China's Politburo supports the ruling Communist Party's strategy to stimulate economic growth by increasing consumer spending and eliminating unproductive companies. The Politburo warns of risks and hidden dangers in key areas, pledging unspecified measures to restore confidence in financial markets and boost government spending. Focus is on developing advanced technology industries such as electric vehicles and renewable energy, while addressing the crisis in the property sector.

July 30, 2024
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