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Chinese leaders reaffirm economic policy

Decision-makers in Beijing vowed on Tuesday to maintain stable economic growth by fine-tuning policies, Reuters reported, citing state-backed Xinhua News Agency. While the politburo reaffirmed current fiscal and monetary policies, it said that “based on changes in the economic situation, we will pre-emptively fine-tune policies in a timely way and increase financial support for the real economy.” Reforms and restructuring will also be continued, the politburo said, although no details were provided. The comments were the latest in a series by top leaders affirming their policy stance for China’s economy, which has slowed in nine of the past 10 quarters.

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