December 09, 2024 22:53 GMT
CHINA: Xinhua Reports that Bolder Stimulus Next Year Coming.
CHINA
- China’s Politburo meeting for December has sent a clear message to economy that bold economic support can be expected next year.
- The Politburo has vowed to ‘embrace a moderately loose monetary policy in 2025 (as per article on Xinhua).
- They have also indicated that a shift away from the last decades’ prudent strategy.
- To complement looser monetary conditions China’s leaders also pledge a more proactive fiscal policy.
- Yesterday it was reported that China is likely to abandon its long-held 3% fiscal deficit cap.
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