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MNI China Daily Summary: Wednesday, December 11

EXCLUSIVE: The People’s Bank of China (PBOC) will increase its treasury purchases in 2025 as it aims to coordinate more closely with Beijing’s expansionary fiscal policy and boost credit demand, former officials told MNI, noting fresh stimulus will likely see China’s deficit-to-GDP ratio climb 1 percentage point to 4% next year.

POLICY: Chinese rail passenger volumes reached 4.01 billion between January and November this year, up 12.6% y/y and the highest on record, according to the National Railway Administration.

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EXCLUSIVE: The People’s Bank of China (PBOC) will increase its treasury purchases in 2025 as it aims to coordinate more closely with Beijing’s expansionary fiscal policy and boost credit demand, former officials told MNI, noting fresh stimulus will likely see China’s deficit-to-GDP ratio climb 1 percentage point to 4% next year.

POLICY: Chinese rail passenger volumes reached 4.01 billion between January and November this year, up 12.6% y/y and the highest on record, according to the National Railway Administration.

Keep reading...Show less