China has vowed to maintain its macro policy support for the rest of 2025 as the country seeks to navigate economic risks – both external and internal – in the second half of the year and plan for its next half-decade of development.
After a meeting of the Communist Party’s 24-member Politburo – a major decision-making body led by President Xi Jinping – that ended Wednesday, the party’s upper echelon issued a statement encouraging action to support the economy.
“Macro policies must continue to exert strength and be stepped up when appropriate,” according to a readout released by state news agency Xinhua.
The Politburo said it would also “stabilise the fundamentals of foreign trade and investment” and support firms hit hard by recent shocks to the global economy.
The meeting followed two days of trade talks between China and the United States in Stockholm, Sweden, negotiations that ended with an agreement for an extension of the two countries’ truce on tariff increases – though the American delegation said final approval of the longer pause would be in the hands of US President Donald Trump.
The Politburo also called for “effectively unleashing the potential of domestic demand,” a major priority for Beijing this year, by implementing targeted actions to boost consumption, improving people’s livelihoods to expand demand and invigorating private investment to drive effective growth.
