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MNI BRIEF: China Politburo Flags Policy Support; 3rd Plenum In July

MNI (Singapore)
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China will continue its expansionary fiscal and monetary policy to cope with weak domestic demand and uncertain external environment, according to a statement of the Politburo meeting of the Central Committee of the Communist Party of China on April 30.

Monetary-policy tools, such as interest rates and the reserve requirement ratio, will be used at a flexible pace to reduce overall social financing costs, while fiscal authorities will launch ultra-long special treasuries soon and accelerate the issuance of special local-government bonds, maintaining a necessary strength of fiscal expenditure, the meeting said. (See MNI INTERVIEW: China Eyes Significant Special Treasury Issuance)

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China will continue its expansionary fiscal and monetary policy to cope with weak domestic demand and uncertain external environment, according to a statement of the Politburo meeting of the Central Committee of the Communist Party of China on April 30.

Monetary-policy tools, such as interest rates and the reserve requirement ratio, will be used at a flexible pace to reduce overall social financing costs, while fiscal authorities will launch ultra-long special treasuries soon and accelerate the issuance of special local-government bonds, maintaining a necessary strength of fiscal expenditure, the meeting said. (See MNI INTERVIEW: China Eyes Significant Special Treasury Issuance)

Keep reading...Show less