China Unveils Economic Boost with Fiscal Stimulus and Monetary Easing
TL;DR Summary
China's leadership, led by President Xi Jinping, emphasized plans to boost economic growth through proactive fiscal policies and moderately loose monetary measures at a high-level economic planning meeting. The government aims to maintain a growth target of around 5% for next year, with plans to increase the fiscal deficit and issue more bonds. These measures come amid external challenges, including potential U.S. tariffs under Donald Trump's presidency. The full details of the economic strategy will be announced at the National People's Congress in March.
- China stresses plans to boost growth at top agenda-setting meeting CNBC
- China Signals More Fiscal Stimulus, Rate Cuts to Boost Economy Bloomberg
- China loosens purse strings to boost demand as economic conference ends South China Morning Post
- Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy The Associated Press
- China Eases Overall Monetary Policy Stance for First Time in 14 Years The New York Times
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