China State Council, PBOC Vow to Boost Growth, Property in 2023

(Bloomberg) — Chinese authorities ramped up their calls to prioritize growth next year and help the property sector recover from its worst slump on record, in further signs the economy will be top of mind in 2023. 

The State Council, central bank and top securities watchdog each met in recent days to study last week’s agenda-setting economic policy meeting, according to Wednesday reports. Readouts of those meetings detailed a commitment to policies intended to rescue the economy and set it on a track to stability.