China’s Communist Party sticks to painful reform playbook to target risks and growth. The Chinese Communist Party concluded its policy meeting, emphasizing a balance between growth and security amid economic and geopolitical challenges. The communique highlighted the need for economic restructuring, maintaining market order, supporting the non-state sector, and controlling risks in critical areas like the property sector and local debt. It also stressed the importance of science and technology development, talent enhancement, and combating corruption, particularly in the military.
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Asia Daily: July 18, 2024
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China’s Communist Party sticks to painful reform playbook to target risks and growth. The Chinese Communist Party concluded its policy meeting, emphasizing a balance between growth and security amid economic and geopolitical challenges. The communique highlighted the need for economic restructuring, maintaining market order, supporting the non-state sector, and controlling risks in critical areas like the property sector and local debt. It also stressed the importance of science and technology development, talent enhancement, and combating corruption, particularly in the military.