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China charts course for economic stability, innovation for second half of 2025

( July 30, 2025, 08:18 GMT | Official Statement) -- MLex Summary: China convened a meeting this morning chaired by President Xi Jinping to assess the current economic situation and set priorities, emphasizing the need to regulate disordered competition and address overcapacity in key industries. It underscored the role of technological innovation in driving the development of new, globally competitive industries. The session also called for improving the market competition order, standardizing local investment-promotion practices, and stabilizing employment, businesses, markets and expectations to bolster domestic and international economic circulation in the second half of the year.The statement follows:...

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