Explainer | China’s central economic work conference: what can be expected, and why is it important?
- Every December, China’s top leaders meet to decide the economic and policy outlook for the year ahead at the central economic work conference
- This year, analysts expect the meeting to focus on proactive fiscal and monetary policy, as well as continued easing of coronavirus restrictions
Following sweeping changes to China’s tough zero-Covid policy, analysts expect more support from the central government to tackle mounting problems facing the economy.
The Communist Party’s Politburo, its top decision-making body, said in a statement last week it aims to turnaround the economy next year and significantly boost market confidence.
In addition to lifting restrictions, over the past few months Beijing has stepped up efforts to rescue the property market and open more sectors for foreign investment.
However, China’s reopening is expected to be plagued by uncertainty over implementation of new virus rules and measures in the property-sector, as well as decelerating global growth.
02:36
Chinese President Xi Jinping unveils new line-up of country's top decision-making body