China Plans Aggressive Economic Stimulus Amid Policy Shifts
TL;DR Summary
China is revisiting its 2008 financial crisis strategy by adopting a "moderately loose" monetary policy and a "more proactive" fiscal policy to tackle its economic challenges, including an overbuilt property sector and weak consumer demand. This approach, announced by the Politburo, aims to stimulate the economy amid trade tensions with the U.S. and demographic issues. The announcement led to a rise in Asian markets, with the Hang Seng index increasing by 2.8%.
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