China’s leadership has signalled it will speed up public spending but stopped short of delivering sudden stimulus measures for the economy, as President Xi Jinping acknowledged a need to “tap the potential of domestic demand” during the rest of the year.Officials of the Chinese Communist Party’s politburo, its decision-making body, met on Thursday and agreed to “accelerate the pace of fiscal expenditure”, according to a readout of the meeting by state media Xinhua.
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