China Pledges Stronger Economic Policies to Stabilize Growth

(Bloomberg) — China’s Politburo vowed to strengthen macroeconomic policies to stabilize the economy this year, suggesting more support could be in the cards to boost growth ahead of a key leadership meeting later this year.

The Communist Party’s top officials at a meeting chaired by President Xi Jinping called for stronger prevention of financial risks to maintain stability, state broadcaster CCTV reported Friday. The officials met to review the government’s work report, which outlines China’s key economic targets, due to be published when the annual legislative meetings kick off next week.