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MNI BRIEF: China To Prioritise Economic Stability - Politburo

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MNI (Beijing)

Chinese authorities are seeking to balance the need to expand domestic demand with supply-side reform.

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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)

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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)

Keep reading...Show less