China’s leadership signalled a stronger policy response to slowing growth, with Finance Minister Lan Fo’an pledging “more proactive” fiscal measures aimed at stimulating domestic consumption and shoring up the troubled property sector. Lan said the government would step up support as the external environment becomes “increasingly uncertain,” underscoring Beijing’s concern about maintaining economic momentum. The Communist Party’s Politburo, chaired by President Xi Jinping, echoed the call for forceful macro-economic policies after reviewing current conditions at a meeting on 30 July. The top decision-making body said it would work to consolidate the economy’s “positive momentum,” boost services spending and stabilise foreign trade while acknowledging that the recovery still faces “many risks and challenges.” The Politburo also decided to convene the fourth plenary session of the 20th Central Committee in October, setting the stage for further policy deliberations ahead of year-end. Markets will be watching the gathering for additional fiscal stimulus details and potential measures to revive confidence in consumption and real estate.