China’s top leaders have said they will focus on boosting the economy next year, hinting at business-friendly policies, further support for the property market while likely scaling back fiscal stimulus.
After three years of strict "zero-COVID" restrictions, a crackdown on financial risk in the property market and targeting excessive growth of internet platform companies, leader Xi Jinping now appears to be loosening the reins.
At a two-day Central Economic Work Conference that wrapped up on Friday, Xi and other senior officials pledged to revive consumption and support the private sector, a marked shift from recent years.