China's Leaders Pledge Incremental Support, Not Large-Scale Stimulus, as Economy Slows

China's Politburo set H2 2026 economic priorities on July 30, vowing "pragmatic and effective incremental policies" and a "more proactive fiscal policy." Reuters reported leaders chose to accelerate already-budgeted spending rather than announce a large-scale package. The calibrated approach reflects Beijing's preference for targeted measures over the headline interventions of past stimulus cycles.