Politburo Deploys Policies to Stabilize Growth

[Macroeconomic Policy] The Politburo meeting set the tone for economic work in the second quarter, emphasizing the need to consolidate the foundation for sustained improvement.

Key Developments: April 28 Meeting Explicitly Calls for Strengthening Macroeconomic Policy Support

The meeting stated that a more proactive fiscal policy and a moderately accommodative monetary policy must be implemented with precision and effectiveness, focusing on stabilizing employment, enterprises, markets, and expectations, and enhancing the economy’s endogenous growth momentum.

Strategic Foundation: Science, Technology, and Industrial Chains as Dual Circulation Pillars

The meeting stressed advancing self-reliance and strength in science and technology and ensuring industrial chain autonomy and security, continuously expanding domestic demand, optimizing supply, reinforcing the domestic circulation, and improving the interplay between domestic and international circulations—to lay a solid groundwork for the start of the 'Fifteenth Five-Year Plan' period.