China | Understanding policy signals of the December CPC Politburo meeting

Summary

The meeting of the Political Bureau of the Communist Party of China Central Committee presided by President Xi concluded on December 11, 2020, emphasizing the recent economic policy focus and pointing the direction of the next year’s policy stance.

Key points

• Key points:
• The December Politburo meeting mostly focus on supporting ongoing economic recovery and curbing the recent rising financial risks.
• The authorities will maintain the policy continuity while keep the economy’s performance in a reasonable range in 2021.
• The policy focus will continue to be on expanding domestic demand, and providing stronger strategic support to the science and technology sector to upgrade China’s supply chain.
• More importantly, it also vowed to strengthen anti-monopoly efforts next year as it seeks to rein in what it called “disorderly capital expansion”.

Geographies

Topics

Tags