China to maintain policy support for economy as it seeks to boost demandReuters, BEIJINGChina is to maintain support for the economy, focusing on domestic demand which remains inadequate, the Chinese Communist Party Politburo said yesterday, Xinhua news agency reported. “Market demand has gradually recovered, economic development has shown an upward trend and the economic operation has achieved a good start,” Xinhua said, citing the Politburo. “The current improvement in China’s economic performance is mainly restorative, with weak momentum and insufficient demand,” the politburo said. The government would also reinforce confidence among businesses, guide state investment, stimulate private investment and attract foreign investment, it added. The politburo also reiterated its policy to support demand for improved housing and ensure property developers deliver.

Source: Taipei Times April 29, 2023 04:44 UTC