After that, the meeting of the Political Bureau was held in July.
Incremental information 1: put consumption promotion at the top of the industrial policy, and emphasize that "we should actively expand domestic demand, boost mass consumption of automobiles, electronic products, household appliances, and promote service consumption of sports, leisure, cultural tourism, and other services", so as to increase the priority of consumption.
Incremental information 2: In the meeting of the Political Bureau in April, it was said that "we should adhere to the positioning that houses are used for living, not for speculation". At this meeting, "housing is not speculation" was deleted, and "adapting to the new situation of major changes in the supply and demand relationship of China's real estate market, timely adjusting and optimizing the real estate policy" was emphasized. Attitudes have changed significantly.
Incremental information 3: emphasize "to activate the capital market and boost investor confidence". As for the "active capital market", the Finance Committee had previously made a similar statement in April 2020, but it was the first time to mention it at the meeting of the Political Bureau.
Incremental information 4: For the first time, it was mentioned that the third "Belt and Road" International Cooperation Summit Forum should be well organized, and said that the China EU regular trains should be guaranteed to be stable and unblocked. This year marks the 10th anniversary of the Belt and Road Initiative, and it will be held again four years later (currently expected to be held in October).
After the meeting was held, by 18:30, A50 stock index futures had risen by 0.3% accumulatively and the exchange rate had also risen slightly.