China Politburo Targets Boosting Domestic Demand, Private Sector

China’s top decision-making body on Monday highlighted the need to boost domestic demand and for policies to prop up the country’s private economy.

The July Politburo meeting is closely watched for signs of measures Beijing will implement to shore up growth, as the country’s post-pandemic economic recovery has lost momentum over the past few months.

“At the moment, the economy is facing new difficulties and challenges — mainly insufficient domestic demand, difficulties in the operations of some enterprises, risks and hidden dangers in key areas, and a complex and severe external environment,” stated the readout of the meeting chaired by President Xi Jinping.