July 30, 2025 09:22 AM GMT China Economics | Asia Pacific No Near-term Stimulus, Eyes on Five-Year Plan in Oct Key Takeaways Beijing is keeping its policy powder dry for now, prioritizing targeted social welfare and urban upgrades over headline stimulus. Supply side reform could be calibrated, not strident. We expect more clarity on proactive rebalance and stimulus signals in the fall. Maintaining policy continuity in the near-term: The Politburo sees robust economic performance in H1 despite lingering chal ...