Beijing’s Top Brass Pledged to Meet Economic Targets

Top leaders in Beijing pledged to meet economic targets which underscores a sign to step up stimulus to support economy growth.

Authorities should “strengthen macro adjustments, strive to achieve full year economic and social development goals, and keep the economy running within a reasonable range,” the Communist Party’s Politburo said Friday, according to a report by state broadcaster China Central Television, citing a statement from the Politburo meeting.

The leaders also vowed to support the healthy growth of platform companies which reiterates remarks from the State Council earlier this week.

The Politburo, led by President Xi Jinping, reiterated support for its “dynamic Covid Zero policy.” It added that efforts will be made to boost domestic consumption and help the stable and healthy development of the property market.