FX.co ★ China Pledges Stronger Policy Support for Growth

China’s cabinet, led by Premier Li Qiang, has pledged to ensure the economy meets its full-year growth target after second-quarter GDP slowed to 4.3%, the weakest pace in more than three years. Robust export performance has helped cushion the downturn but has not fully offset persistent domestic weakness, leaving first-half growth at 4.7%—near the lower end of Beijing’s 4.5%–5.0% annual target. To reinforce the recovery, the State Council emphasized the need to maximize the efficient use of fiscal funds and to accelerate the rollout of existing policies. Investors are now turning their attention to the upcoming Politburo meetings later this month, where authorities are expected to announce more targeted stimulus measures aimed at boosting domestic consumption, supporting fixed-asset investment, and stabilizing overall economic growth.