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China May Decide against Loosening in Politburo Meeting: Herald

CHINA PRESS
MNI (Beijing)

China's upcoming midyear Politburo meeting on the economy may shun further loosening in H2 to leave policy space for next year, the 21st Century Business Herald reported citing researcher Zhang Jiqiang with Huatai Securities. The critical meeting, usually held at the end of July, decides on the theme for H2 economic measures, the newspaper said. The conference is likely to call for continued curbs on housing, promote carbon neutrality policies and discuss inflation, the newspaper said. Given that this year's growth pressure may be relatively lower than the uncertainties facing next year, policymakers may be reluctant to give another RRR cut and also delay fiscal efforts till next year, the newspaper said.

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