BEIJING -
The 24-man Politburo led by President Xi Jinping announced it will embrace a "moderately loose" strategy for monetary policy in 2025, marking its first major shift in stance since 2011.
The body also adopted stronger language on fiscal policy, according to the official Xinhua news agency, saying it will be "more proactive" - a step up from "proactive".
Signaling greater resolve to shore up confidence, officials at the December meeting also pledged to "stabilise property and stock markets", and ramp up "extraordinary counter-cyclical policy adjustment" - Communist Party of China speak for using more uncommon tools to boost the economy.
This story is from the December 10, 2024 edition of The Straits Times.
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This story is from the December 10, 2024 edition of The Straits Times.
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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