ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

China's Politburo pledges action to keep economy moving

Leadership recognizes 'new risks and increasing downward pressure'

Workers are seen at a section of the Nanchang-Ganzhou high-speed railway under construction in Jiangxi Province, China.   © Reuters

BEIJING -- China's top decision-making body on Tuesday vowed to employ active fiscal spending and balanced monetary policy in the second half to beat back the downward pressure facing the economy as the trade war with the U.S. looks likely to drag on.

The Communist Party's Politburo, which meets every three months to fine-tune macroeconomic policy, acknowledged that the economy "faces new risks and increasing downward pressure," according to a statement released after the meeting.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more