China maintained stable economic growth in H1 2024, and will continue using fiscal and monetary tools to support economy, expand domestic demand, and boost consumption.

China's economy maintained stable expansion in H1 2024, with targeted policy mixes being strengthened, and the government will continue to use fiscal and monetary tools to support the economy and facilitate market opening. The meeting of the Political Bureau of the Communist Party of China Central Committee emphasized expanding domestic demand, improving people's livelihoods, and promoting consumption. In the second half of the year, China will focus on boosting consumption in areas such as vehicles and home appliances, and more policy measures are expected to be rolled out to support economic recovery. Policymakers will continue to use fiscal and monetary tools to support the economy and facilitate market opening.

August 01, 2024
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