China signaled more public borrowing and spending in 2025 with a shift of policy focus to consumption, stepping up stimulus to recharge growth ahead of looming US tariffs.
Top officials led by President Xi Jinping vowed to raise the fiscal deficit target next year in an announcement made following a two-day huddle of the Central Economic Work Conference in Beijing, according to China Central Television. Policymakers will also deliver cuts to interest rates and the reserve requirement ratio for banks "at an appropriate time," it said.
This story is from the December 13, 2024 edition of Financial Express Pune.
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This story is from the December 13, 2024 edition of Financial Express Pune.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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