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MNI: China Politburo Likely To Focus On Economic Boost In H2

MNI (Singapore)

Revisions to economic targets are not seen as important as gaining economic momentum, analysts say.

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China’s quarter-end politburo meeting expected this week is likely to emphasise moderating inflation and supporting employment as acceptable economic goals for the remainder of 2022, and further housing stimulus and adjustments to the zero-Covid policy which sapped first half output, but officials are unlikely to openly abandon the annual growth target of about 5.5%, analysts said.

During the meeting, senior policymakers would set the tone for economic policy for the rest of the year, signaled by any wording changes compared to the previous meeting in April.

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China’s quarter-end politburo meeting expected this week is likely to emphasise moderating inflation and supporting employment as acceptable economic goals for the remainder of 2022, and further housing stimulus and adjustments to the zero-Covid policy which sapped first half output, but officials are unlikely to openly abandon the annual growth target of about 5.5%, analysts said.

During the meeting, senior policymakers would set the tone for economic policy for the rest of the year, signaled by any wording changes compared to the previous meeting in April.

Keep reading...Show less