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China’s Politburo Vows Support for Economy, More IPO Oversight
Beijing pledged more effective fiscal support for the world’s second-largest economy and tighter supervision of overseas share listings as policy makers highlighted economic risks in the second half of the year. At a meeting chaired by President Xi Jinping, the Communist Party’s Politburo reiterated that monetary policy will keep liquidity reasonable and sufficient, according to a report in the state-run Xinhua News Agency. It also pledged support for small businesses and industries struggling to recover. The Politburo described the external environment as “becoming even more complicated and grim” as the ... (full story)