China’s Politburo steps up response as Iran war shocks reverberate around world

Chinese economy is grappling with weak domestic demand, a prolonged property downturn and rising external risks

China has vowed to take a holistic approach in responding to external shocks and safeguarding the country’s energy security, as fallout from the US-Israel war on Iran continues to spread across the global economy.

After a meeting of the country’s Politburo – a major decision-making body of the ruling Communist Party led by President Xi Jinping – that ended on Tuesday, the country’s top leadership pledged to push forward with new water, power and computing infrastructure projects, while accelerating the launch of major projects that are ready to break ground.

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