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China to step up policy support for economy, Xinhua cites politburo -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: After new cases of coronavirus (COVID-19), people wearing masks walk in a main shopping district. This was Shanghai, China. January 21, 2022. REUTERS/Aly Song

BEIJING, (Reuters) – China will increase policy support for stabilizing the economy. Xinhua reported that the Politburo, a high-ranking decision-making body within the ruling Communist Party, stated this on Friday.

China is planning to implement a strategy that will increase domestic demand and encourage steady growth in foreign trade, Xinhua reports. This was reported by Xinhua citing a Politburo meeting presided over by President Xi Jinping.

Xinhua reported that China will work hard to reach its socio-economic goals for the year.

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