China Emphasizes Risk Prevention in 'Cross-cycle' Policies: Herald

China is making sure that its goal of preventing risks is aligned with new pro-growth policies, and that leverage is under control when introducing either fiscal or monetary stimulus, the 21st Century Business Herald said commenting on the politburo's emphasis on "cross-cycle" measures in its latest economic meeting. The wording implies an approach not focusing on short-term growth but rather laying a foundation for new growth drivers, such as structural investments that help boost new-energy vehicles, low-cost housing, national pension insurance, and third-child policy, which use leverage to expand private consumption, the newspaper said.