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France 24
France 24
Business
Charles PELLEGRIN

Beijing to provide more economic support to boost sluggish post-pandemic recovery

China Politburo Economy Hong Kong Unemployment
BUSINESS DAILY © FRANCE 24

Real estate and tech stocks in Hong Kong and China soared this Tuesday after a Politburo meeting signalled the government would provide more support to the economy. The July meeting is often seen as crucial in setting the tone for economic policy in the country. China says it is on track to reach its 5 percent growth target for the year, but slow consumption and high youth unemployment are still sources of concern.

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