China’s economy continues to show signs of robust growth as recent policy measures drive market recovery and stabilize economic performance. On September 26, the Political Bureau of the Communist Party of China (CPC) Central Committee convened to analyze the current economic situation and outline further economic strategies.
The meeting acknowledged that the Chinese economy has maintained a generally stable performance throughout the year, achieving progress while ensuring stability. Emphasis was placed on effectively implementing existing policies, increasing efforts to introduce new incremental policies, and enhancing the targeting and effectiveness of policy measures. The goal is to accomplish the economic and social development targets set for this year.
On September 24, China’s central bank, top securities regulator, and financial regulator announced a series of measures, including monetary stimulus, property market support, and capital market strengthening initiatives aimed at boosting high-quality economic development.
The impact of these policies is already evident in the financial markets. The Chinese stock markets have shown a robust recovery, buoyed by the new measures. By the end of September, the Shanghai Composite Index had gained around 20 percent, while the Shenzhen Component Index was up approximately 25 percent. On September 30, the combined trading value at the Shanghai and Shenzhen exchanges reached a new single-day record of 2.6 trillion yuan (about $370 billion).
The effectiveness of the stimulus package underscores China’s commitment to maintaining steady economic growth and boosting investor confidence. As the country continues to roll out targeted and effective policies, it remains on track to achieve its economic and social development goals for the year.
Reference(s):
cgtn.com
