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China Politburo Meeting (Apr. 24)

China’s senior leadership has today signalled further fiscal and monetary support for the economy and renewed efforts to stabilise the housing market. That should help prolong the recent economic upturn for a while. There is also a pledge that economic reforms will be agreed at a key Party meeting that it was today confirmed will be held in July. But all the signs today are that these reforms will remain within the framework of a state-directed investment-heavy growth model. 

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