China’s government, central bank and regulators have pledged support to stimulate the economy as the country seeks to transition from nearly three years of growth-constraining pandemic controls.
While China is still battling a widespread coronavirus outbreak sparked by a loosening of its zero-Covid regime, economic policymakers in Beijing have begun to look beyond the immediate health crisis and focus on stabilising the country’s battered economy.
The State Council, China’s cabinet, said that it would implement measures announced at the Central Economic Work Conference, which included stepping up fiscal policy and support for the property, electric vehicles and tech sectors.
The People’s Bank of China also pledged to stimulate consumption and construction, while the China Securities Regulatory Commission said it would support the development of the country’s property sector, a once crucial engine of growth that has been…
