China's Politburo vows infrastructure push amid Iran war economic fallout
China's Politburo, led by President Xi Jinping, has pledged to accelerate infrastructure projects, boost technological self-reliance, and safeguard energy security in response to global economic shocks from the US-Israel war on Iran. Following a meeting ending Tuesday, the leadership committed to new water, power, and computing infrastructure, and to fast-track major projects ready to break ground. A Xinhua readout noted China's economy started the year strongly but faces challenges, urging stronger measures to ensure effective economic work.
Key facts
- China's Politburo met and ended on Tuesday
- Meeting was led by President Xi Jinping
- Leadership pledged new water, power, and computing infrastructure projects
- They will accelerate launch of major projects ready to break ground
- Response is to external shocks from US-Israel war on Iran
- Goal includes boosting technological self-reliance and industrial supply chain control
- Xinhua readout said economy got off to strong start but faces challenges
- Readout urged bolstering confidence with stronger measures
Entities
Institutions
- Politburo of the Communist Party of China
- Xinhua News Agency
Locations
- China