花旗：中国经济_为中期做准备-年中政治局展望
2025-07-15 01:58
V i e w p o i n t | 10 Jul 2025 01:27:04 ET │ 10 pages For the upcoming July Politburo meeting (held on the 30th last year), we keep our expectations low on cyclical policy given the steady growth backdrop. Policymakers could confirm a wait-and-see mode while keeping the door open for incremental mini support in 25H2E, especially for potential ~RMB500bn quasi-fiscal stimulus. Anti-involution (or nei juan) initiatives could be underscored again with further guidance. The Politburo could also announce the dec ...