Free Trial

MNI BRIEF: China To Prioritise Economic Stability - Politburo

MNI (Singapore)
MNI (Beijing)

China will prioritise economic stability in 2024 as it balances the need to expand domestic demand with deepening supply-side reform, the state-run Xinhua News Agency reported on Friday following a Politburo meeting presided by President Xi Jinping.

Authorities will moderately increase the intensity of proactive fiscal policy and keep prudent monetary policy flexible as they seek to strengthen counter- and cross-cyclical adjustments, Xinhua reported. The meeting emphasised the need to coordinate high-quality development with security, and stressed that macro policies should be more consistent. (See MNI: PBOC To Offer More Targeted Tools, Expand Balance Sheet)

Authorities should focus on boosting demand by forming a virtuous cycle in which consumption and investment feed each other, and continue to prevent and resolve risks in key areas to avoid systemic risks, according to the meeting. (See MNI: China To Tighten Grip On Finance Despite Deleverage Shift)

True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.