China’s Politburo strikes more cautious tone on economy

China's Politburo pledged to expand international trade cooperation while warning of mounting challenges facing the domestic economy, adopting a more cautious tone than at its April meeting

The meeting said that #China had responded effectively to external shocks and internal difficulties, but stressed the need to attach “great importance” to economic headwinds. It also called for expanding mutually beneficial economic and trade ties amid rising trade tensions with the US and Europe.

The readout reflects Beijing’s growing focus on external uncertainties as trade tensions and geopolitical risks add to domestic economic challenges.