China hints at property easing as closely watched Politburo meets

Market players still skeptical of Communist Party plans to energize economy

20230724 china politburo

China Politburo stressed a need to "proactively increase domestic demand and highlight the role of consumption as the fundamental driving power of the economy." © Reuters

KENJI KAWASE and ECHO WONG, Nikkei staff writers

HONG KONG -- The Chinese Communist Party Politburo convened on Monday to discuss economic policies, state media reported, with officials acknowledging "new difficulties and challenges" while hinting at moves to support the property sector.

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