Flash | 19 Nov 2025 23:48:09 ET │ 9 pages China Economics Post-CEWC Could Be Next Policy Window CITI'S TAKE The PBoC holds the LPRs unchanged today for the sixth month in a row. We further see de facto fiscal consolidation from released data and an absence of new property measures lately despite weakness in October data. Seemingly low pressure to achieve 2025's 5% growth target could lead policymakers to wait and hold, saving the policy space for 2026 – the first year of the 15th FYP. We believe the next po ...